BUSINESS

Tech giant Apple (NASDAQ: AAPL) is giving back Aussies’ money as iPad 3’s 4G feature is not applicable in the country.

The Australian market sparked yesterday for a second day in a row, despite a down day on Wall Street Tuesday night and weakness in other Asian markets.

Shares in the Bank of Queensland relisted yesterday after the first stage of a $450 million capital raising, and contrary to previous belief, the damage to the share prices wasn't too heavy.

While many Australian businesses would want to gain greater access to ecommerce through mobile devices, many of these firms lack the knowledge and infrastructure to reach their target market.

By Greg PeelBy late 2011 Europe had endured two years of financial uncertainty and fear over Greek sovereign debt and general zone-wide contagion.

In Australia, population data is released together with job vacancies and the Financial Accounts. In the US, weekly jobless claims data is released together with revised GDP figures.

U.S. stocks were dragged lower as commodities tumbled and investors considered disappointing U.S. and European economic data and weakness in overseas markets.

By Greg PeelThe Dow fell 71 points or 0.5% while the S&P lost 0.5% to 1405 and the Nasdaq dropped 0.5%.

The Australian Competition and Consumer Commission (ACCC) recently made a legal move against Apple regarding the false claims of their new iPad. In response to this, Apple announced that they would offer refunds for people who were affected by this issue.

Recent news reports are claiming that the Android 4.0 or Android ICS (Ice Cream Sandwich) update for the Samsung Galaxy S II will be pushing through for the month of March. Unfortunately, these news reports are false and many Samsung Galaxy S II users are now becoming frustrated regarding the availability of Android ICS in their devices.

Quickflix, the Australian counterpart of US-based Netflix -- which is known for its online DVD rental service -- is expected to launch in New Zealand on Thursday.

Australian stocks closed at their highest levels in almost five months today as investors snapped up financial and consumer stocks, encouraged by commentary from the Reserve Bank of Australia. The All Ordinaries Index (XAO) rose above 4400 for the first time this year, adding 39.8pts or 0.9pct to 4431.4 while the S&P/ASX 200 Index (XJO) firmed by 42.2pts or 1pct to 4343.5.

News is out that teenage heartthrob, Justin Bieber, is looking to by a million dollar mansion in Calabasas, California. Now what’s up with the hefty prized mansion and who is the 18-year old planning to take home? Wasn’t it just last month that Bieber supposedly bought a love pad for his girlfriend, Selena Gomez? With all the mansions the Bieber is deciding to buy, how much money did his single hit, “Boyfriend” roll in?

Researchers at Deakin University, in Victoria, have found that eating less than the recommended amount of red meat is related to depression and anxiety in women.

Apple has insisted Wednesday that its marketing ploy for the new iPad led not Australian buyers into believing that the tablet computer will be able to connect on Telstra's 4G network.

Miners at Bowen Basin, jointly-operated by BHP Billiton and Japanese firm Mitsubishi, have walked off from their work details Tuesday night following the collapse of negotiations that union leaders said was caused by management's behaviours.

Well, today Peter Mericka had his day in court only to find that it appears that Sifris J of the Supreme Court of Victoria decided "Lawyers Real Estate Have Been Breaking The Law".

The 'pink slime' maker hung up operations at all Monday, but one plant where the beef ingredient is made; acknowledging recent public uproar, over the product has cost the company business.

Procter & Gamble (P&G), the corporate conglomerate which recently bought out organic supplement and vitamin company New Chapter (http://www.naturalnews.com), has a long and extensive history of engaging in cruel animal testing on its portfolio of products.

Xstrata won its legal battle against environmentalists and farmers to operate the open cut mine in Surat Basin in southern Queensland. The legal victory for Xstrata came after a court ruled that environment change is not sufficient reason to stop the development of one of the biggest coal mines in Australia.

Shares in agricultural chemicals supplier Nufarm were sold off sharply in yesterday's solid market, despite the company reporting a solid interim profit.

Out of the blue, earnings downgrades for the 2011-12 financial year have started appearing, less than a month after the interim reporting season ended.

Rio Tinto has joined rival BHP Billiton in reviewing its increasingly minor involvement in the diamond industry.

Covert operations reportedly sanctioned by ranking officials of global media firm News Corporation were responsible in undermining the operations of the company's competitors in Australia, according to the investigative works of The Australian Financial Review (AFR).

Thailand is wooing struggling automotive companies in Australia to move their operations to the former. Visiting Thai Deputy Secretary General Duangjai Asawacintachit, who heads the Board of Investment, said Thailand's solid economic growth and free trade links to other Asian nations offered wide opportunities for Aussie firms.

Cooper Brewery Chairman Glenn Cooper called for new laws to stop the duopoly in the supermarket industry and protect local owners of farmlands. He specifically blamed Woolworths and Coles, which have engaged in a price war to the detriment of Australian farmers

FNArena has added another video to its Investors Education section on the website. In this latest video, ATW's Jerry Simmons explains why he is keeping a close watch on crude oil futures.

By Greg PeelThe Dow closed down 43 points or 0.3% while the S&P lost 0.3% to 1412 and the Nasdaq dropped 0.

A recent news report by Bloomberg reveals that Microsoft has plans to finish the work on Windows 8 this summer and it will be available in the market by October this year.