BUSINESS

Australian Stock Market Report – Afternoon 6/25/2012

Local stocks have started the trading week in the red, as investors opt to stay out of the market ahead of a key European Union summit later this week and square their books ahead of the end of the financial year. The All Ordinaries Index (XAO) today lost 21.8pts or 0.5pct to 4072, while the ASX 200 (XJO) lost 20.4pts or 0.5pct to close at 4027.8.

Coalition Eyes Amendment to Qantas Ownership Law

Due to the threat posed by foreign airlines that buy shares of Australian air carriers, the Opposition has suggested amending Qantas's ownership law to achieve a more level playing field for the losing flag carrier.
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Capitalists Who Fear Change

Digital technology is reinventing our whole world, in service of you and me. It's free enterprise on steroids. It's bypassing the gatekeepers and empowering each of us to invent our own civilization for ourselves, according to our own specifications.

ANZ Bank Satisfaction Rating Plummets Due to Break Away from RBA Rate Decisions

ANZ Bank caught the country's banking industry thrice in 2012 after it first went against the Reserve Bank of Australia's (RBA) policy to hike its standard variable mortgage rate when the central bank kept the overnight cash rate on hold. In the second instance, ANZ kept a part of the cash rate cut and slashed the interest rate below the RBA rate reduction.

Why Fairfax Media’s Model Got Old

Nearly 13% of the content in today's Australian Financial Review was about yesterday's big announcement from Fairfax Media Limited (ASX:FXJ). In case you missed it - and if you're a newspaper reader it would have been impossible to miss - Fairfax announced 1,900 job cuts, the creation of a pay wall for on-line content, a strategy to become a 'digital' business (whatever that means), and the closure of printing facilities in Sydney and Melbourne.

The Winds of Change for the Australian Economy

Right now, we have a distant but comfortable view of the global debt crisis. It affects the stock market and your retirement savings. Apart from that there is no discernible impact. But if you look closely there is a lot to discern.

In A Ro-Ro Market: When the Going Gets Tough, Change the Rules

It's just another acronym dreamed up by the market to describe the daily see-saw action in asset prices. Despite the complexity of the market and the millions of signals it throws off, we have managed to distil the daily price action down to either risk on or risk off.

Rare Earths, Lynas And Hastings

By Greg PeelJack Lifton has had more than 50 years experience in the global automotive, heavy equipment, electrical, electronic, mining smelting and refining industries.

Windows Phone 8: Who Will Release It?

Microsoft has just announced Windows Phone 8 and its pending release in the market. Microsoft also announced the different smartphone manufacturers that would carry Windows Phone 8 in their smartphone models and these companies include Nokia, HTC, Huawei, and Samsung.

Diablo 3 Latest Patch: News and Updates

Diablo 3's latest patch has caused some inconvenience to players who have availed of this latest patch. Players who have the digital copies of the game will be locked down for up to 72 hours with only limited access to the game.

Android 4.0 Update for Motorola Droid Razr and Maxx on June 27?

Recent reports have surfaced regarding the upcoming Android updates for Motorola Droid Razr and Droid Razr Maxx. According to reports, the beta version of the Android 4.0 or Android ICS update has been rolled out to testers which means the official release would soon follow.

Tivo for Android Tablets Now Available

Tivo, the popular TV recording device officially released its App for Android tablets. This app would help tablet users to access Tivo through the use of their own tablets.

Google Assures Motorola Mobility Will Run its Own Course

Motorola Mobility will keep operating autonomously, Google said on Thursday, but the Internet giant admitted too that the mobile phone pioneer will need to tread closely unto Google's corporate vision following its formal acquisition by the tech titan last month.

Australian Stock Market Report – Midday 6/22/2012

The Australian share market remains under pressure today, but fortunately isn't falling as hard as futures markets had predicted following a sell-off on global markets overnight. European and US markets fell in response to downbeat economic data out of America and China. After the bell, ratings agency Moody's downgraded 15 global banks adding to the negative sentiment. At lunchtime in the East, the All Ordinaries Index (XAO) is weaker by 43.1pts or 1pct to 4133.7.

Gina Rinehart Invests $5 M in Queensland Coal Venture

Australia's richest woman, Gina Rinehart, may be busy seeking a seat in Fairfax Media board, but she has not left unattended the more lucrative mining sector, which catapulted her to become the world's richest woman. On Thursday, she invested $5 million in International Coal's (ASX: ICX) coal venture in Queensland.

Ignorance Is A Temporary Condition

By Richard (Rick) MillsAhead of the HerdAs a general rule, the most successful man in life is the man who has the best informationGeorge Mitchell, as a member of the Board of Governors of the Federal Reserve in 1966, began urging bankers to consider how "the computer can drastically change money and...

USD Beats JPY As A Safe Haven Trade

By Chris Tedder, Research Analyst FOREX.comMost of the action was centred on the yen and oil. Initially, it appeared investors were returning to JPY, but USDJPY failed to push through 80.

Minecraft: Xbox 360 Edition Review and New Updates

Minecraft is one of the most successful games in Xbox 360 and when it was first introduced, not that many people believe that it would be a success especially when the Xbox 360 edition was introduced.

MacBook 2012 Retina Display: Is It Worth The Price?

Apple has just unveiled its new MacBook line specifically the MacBook 2012 with Retina Display which is considered as one of the best gadgets launched by Apple. Despite that recognition, many people are asking this crucial question: Is it worth the price?

IT Firms Top 2012 List of Australia's Ideal Workplace

What makes an ideal workplace environment? As far as the findings issued this week by Business Review Weekly (BRW) are concerned, the general happiness and contentment of workers greatly depend on the culture being espoused by their employers.

Metcash Purchase of Mitre 10 May Spark Hardware Price War

After the price war on fresh produce between supermarket giants Coles and Woolworths, industry observers are anticipating another price battle, this time on hardware items. The price war could be the result of Metcash's purchase of Mitre 10.

Microsoft Promises Seamless Platform Adaptability on New Windows 8 Phone

Microsoft said on Wednesday that upcoming Windows Phones, which will run on the soon-to-be launched Windows 8, will give seamless mobile computing experience to global consumers, effectively unifying market platforms that the software maker has spent billions in the past years to break into.

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