Even if Australia's richest woman Gina Rinehart invested $86 million into Fairfax Media last week after she upped her stake to 19 per cent, the company still needs to wield its axe and chop off some jobs and costs.
One of the things that was noticeable during the recently concluded WWDC 2012 was the lack of iMac details. Before the big event, there were a lot of speculations regarding Apple's iMac but all of these speculations were halted when there was no mention or even a hint of iMac during the said event.
Microsoft has stayed silent regarding the release date and specs of Xbox 720. Microsoft has not even mentioned even a whisper of Xbox 720 at this year's E3. All that is about to change as a new leaked document revealed details about the all-elusive Xbox 720 from Microsoft.
By Greg PeelThe Dow closed down 25 points or 0.2%, but the S&P rose 0.1% and the Nasdaq jumped 0.8%.The world's central banks stood ready.
While the yearly gathering last week of the International Air Transport Association (IATA) in Beijing, China drew delegates from different airlines around the world, in the next 12 months attendees in the next summit could be down.
Just how popular are smartphones and tablet computers these days? Popular enough that according to a new study, print books could soon tread into the same decline road that CDs and other physical audio form had taken in the past years.
A comparison website noted the growing gap of rates between small business loans and residential mortgages. When banks pass on Tuesday the Reserve Bank of Australia (RBA) overnight cash rate cut to small businesses, the average rates for secured loans would have gone down by 100 basis points to 7.53 per cent.
The local share market has staged a relief rally on news Greece appears set to remain in the Eurozone. The pro-bailout New Democracy party claimed victory this morning and appears likely to form a government, sparking a buying frenzy across Asia as investors pick up assets which have been heavily battered over the past month. At lunchtime in the East, the All Ordinaries Index (XAO) is up 55.9pts or 1.4pct to 4162.9.
Thank you to readers for their feedback to Monday's Daily Reckoning. We were expecting some outraged hate mail at our scepticism. Instead it was only thoughtful and often sad stories from people who had to personally experience the issues we raved about.
Australian consumers should anticipate another round of marketing war between the country's supermarket giants as Woolworths (ASX: WOW) disclosed plans to boosts its market share of fresh food to 36 per cent from the current 28 per cent.
Microsoft just unveiled its preview for the upcoming Windows 8 release. Majority of the response regarding Windows 8 has been positive and Microsoft is hoping that this positive thoughts would help in coming up with a tablet worthy of being an "iPad killer".
The Porsche Boxster remains the cheapest way into the German car maker’s sports car range – and may well continue to do so as the company continues to dither and deliberate over a new, smaller entry-level sports car.
The release of Apple's iOS 6 during the recently concluded WWDC 2012 have prompted new hints of a possible release date for the highly anticipated iPhone 5. Aside from that, there are also rumors about the new possible features that could be included in Apple's iPhone 5.
One of the topic that was briefly discussed at the recently concluded WWDC 2012 was the news about Apple TV and the features that it will contain.
Fair Work Australia (FWA) favoured Qantas in the air carrier's row with aircraft engineers on the need for maintenance checks on newer jets before takeoff. Instead of engineers performing the check function, it would be done by the pilots.
After a shaky start the Australian share market is gaining some traction at lunchtime in the East, on the back of a strong rise on Wall Street. Markets there rose on news that major central banks are preparing for controlled action if the Greek elections being held this weekend result in financial market turmoil. After two hours of trade, the All Ordinaries Index (XAO) is up 14pts or 0.3pct to 4103.8.
Problems continue to haunt Nokia as the Finnish mobile phone giant said on Thursday that its June quarter results may not be too pleasing to investors, who were rattled enough in the previous periods as the once mighty global phone maker gradually loses its market leadership.
All tides turn. Last night a major sporting tide may have done just that...
The successful takeover of Xstrata by Glencore might turn the company into the fourth largest miner globally. It has been billed as the "merger of equals" by industry observers and insiders alike.
By Rudi Filapek-Vandyck, Editor FNArenaI joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently.
Despite her busy schedule attending court hearings on legal disputes with her three estranged adult children and the heirs of her father's former business partner, Australia's richest woman Gina Rinehart geared herself for another battle.
By James Stanley, Trading Instructor, FXCMThere are many different ways of looking at support and resistance, with few as compelling as the study of 'psychological whole numbers.
The release of Apple's iOS 6 has caused many people to anticipate the possibilities of this new OS in their Apple devices. In line with that, there is also a high demand of related information regarding iOS 6 like iOS jailbreak, feature list and beta download information.
The recently released 2012 Apple MacBook Pro with Retina Display is considered as one of the best MacBook by Apple. In order to determine if this is true, an in-depth review about this MacBook model is in order.
Mass Effect 3 has long been in the market (approximately 3 months old) but even if it is already been out for quite sometime, the news about the ending of Mass Effect 3 and its extended cut.
By Greg PeelThe Dow closed up 155 points or 1.2% while the S&P gained 1.1% to 1329 and the Nasdaq added 0.
Korean-based firm, Samsung just announced that they will be releasing a pair of over-the-air (OTA) updates for its highly succesful smartphone, Samsung Galaxy S III.
The smartphone Galaxy SIII, Samsung's newest flagship mobile handset, could actually hit U.S. stores by next week without the South Korean tech giant lifting a finger to counter Apple's application for an injunction against the product.
While many Australians may have renewed their love for driving around during the holidays instead of traveling overseas, this development may spell bad news for the financially challenged Qantas.
AVG, the popular Internet and mobile security firm announced that the firm will be releasing a major update to their AVG Family Safety for Apple's iOS and for Windows Phone.
