BUSINESS

Australian Stock Market Report - Midday 2/14/2012

It has been a muted start to the local trading day, following ratings downgrades of several European nations by Moody's. The local share market was tipped to receive a boost, after US and European markets rose overnight in response to the solid vote in the Greek parliament to approve austerity measures. However, after the bell on Wall Street, Moody's downgraded the credit outlooks on Triple A ratings of France, the UK and Austria to negative; and cut the ratings of Italy, Portugal, Spain, ...

Spot Uranium Grinds To A Halt

By Greg PeelThe mismatch between demand for spot uranium in Europe and supply in the US reached its ultimate conclusion last week when simply no one wanted to play.

Dojis Galore

By Rudi Filapek-VandyckFNArena has added another video to its Investors Education section on the website.
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Supermarket Battles Move to Fresh Fish Label

Another fresh war is brewing between Australia's supermarket giants. From fresh produce, Coles and Woolworths are now battling for the title of being the number one supporter of sustainable fish species.

BHP Billiton Remains Upbeat Despite Profit Slide

All is well with BHP Billiton, this according to BHP chief executive Marius Kloppers despite the 5.5 percent profit slide the mining giant had recorded in the first half of financial year 2011-2012.

Australian Stock Market Report - Midday 2/12/2012

The local share market is trading flat in the early session, as investors respond to the passing of a new austerity plan by the Greek parliament. Opponents to the plan have rioted in Athens over the weekend, however the vote, which paves the way for a new bailout package for the stricken Eurozone country, is expected to bring some stability to European markets. The All Ordinaries Index (XAO) is up 5.5pts or 0.1pct to 4328.1

Hasbro to Make Farmville, Mafia Wars Merchandise for Zynga

Fans of "Farmville" and "Mafia Wars" will soon have physical merchandise from their favorite online games. Hasbro Inc. and Zynga Inc. announced Thursday a deal where the toy company will create games and toys based on Zynga's popular online games including "Farmville" and "Mafia Wars".

Global Markets Overview - 02/13/2012

Stocks were dragged down for their worst one-day loss in about six weeks by tumult over the Greek bailout, disappointing readings on the U.S. economy and a downgrade of nearly three dozen Italian banks.

Job Cuts Hit Australia’s Construction Industry

More jobs in Australia continue to be placed on the chopping block as the axe moves to the construction industry. Kell & Rigby, one of Australia's oldest building firms, announced on Thursday the loss of 500 jobs.

Australian Stock Market Report - Midday 2/10/2012

Australian stocks are trading lower in the early session, as investors focus on the local reporting season rather than positive offshore moves. US and European markets moved higher overnight after Greece reached a new deal to secure additional funding. At lunchtime in the East, the All Ordinaries Index (XAO) is down 19pts or 0.5pct to 4337.4.

No Consensus On Telstra

- Telstra interim broadly as expected- Mobiles a driver, Sensis still struggling- Minor changes to broker estimates post the result- Broker opinion remains divided on the stockBy Chris ShawInterim earnings from Telstra ((TLS)) were broadly as the market had expected, the company delivering solid mob...

The Overnight Report: Ouzos All Round

By Greg PeelThe Dow closed up 6 points while the S&P added 0.1% to 1351 and the Nasdaq rose 0.4%.Last night Greek prime minister Lucas Papademos announced that he and the opposition representatives had finally reached agreement on austerity measures after their marathon of negotiation.

Google to Offer Motorola Patents on FRAND Terms

Google Inc. is reportedly planning to send letters to different standards organizations to reassure them that the search giant would license Motorola Mobility Holdings Inc.'s patents on reasonable terms if their planned mergers push through.

China Restrains Apple's iPhone 4S Sales in HK, Mainland

To defuse the ticking retail frenzy of grabbing the latest Apple phone- the iPhone 4S-- Chinese authorities and American-owned Apple Inc. have joined forces to tackle the problem of illegally selling the handset in China's black markets.

Flexibility Clauses Dubbed a “Sham”

The Fair Work Ombudsman (FWO) has come under fire from industry groups for failing to properly oversee the administration of flexibility clauses in the Fair Work Act. The bottom line is that small and medium-sized businesses need more guidance.

Thai Group Purchase four Australian Sugar Mills

The Thai sugar group Mitr Phol has acquired a controlling stake in four Australian sugar mills through the takeover of MSF Sugar. MSF Sugar was formerly known as the Maryborough Sugar Factory and is based in the far north of Queensland.

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