BUSINESS

Samsung Announces Delay for Android ICS Update of Samsung Galaxy S II

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.

Australian Stock Market Report – Afternoon 3/28/12

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.

Justin Bieber to Purchase $7 Million Dollar Mansion?

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?
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Pink Slime Maker to Suspend Operations at Some Plants

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.

Court Rules Climate Change Not Enough to Stop Development of Xstrata Surat Mine

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.

Media Probe Points to Likely Piracy Actions by News Corp Operatives

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 Tries to Woo Aussie Automotive Component Firms

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 Seeks End to Woolies, Coles Duopoly

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

Upside Bias For Crude Oil

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.

Microsoft Windows 8 Gearing Up for October Release

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.

Apple Faces Lawsuit in Australian Court

Many people were delighted when Apple released its newest tablet offering in the market called the "new iPad". One of its defining features is its 4G capability but Australians are not really delighted with the new iPad from Apple.

Rio Tinto to Divest All Diamond Assets

Following BHP Billiton's earlier move to divest all from its diamond business, Rio Tinto is also undertaking a review of its diamond operations leading to a possible divestment of its assets in Australia, Canada and India, which seemed no longer fit to its business strategy.

Australian Stock Market Report - Midday 3/27/2012

Encouraging comments from US Federal Reserve Chairman Ben Bernanke has seen the Australian share market post solid gains in early trade. Chairman Bernanke hinted in a speech to US economists overnight that the Fed remains committed to keeping interest rates in the US low. He also hinted at a third round of economic stimulus, which saw the broader S**9**amp;P 500 Index in the US hit four year highs during New York trade. Early in the local session, the All Ordinaries Index (XAO) is up 34.1pts or ...

Report Links Western Union in Australia to Drug Cash

An investigation by Australian federal law enforcement agencies suspect Western Union money remitters of helping move millions of drug money out of the country the past five years.

Uranium Deficits Ahead?

By Greg PeelAfter a flurry of activity the week before last, which might have signalled renewed interest in spot uranium at the lower price, last week activity levels fell back to minimal again.

Lee levels series for Australia

Two early strikes from Brett Lee proved the key as Australia beat the West Indies by 30 runs in St Lucia on Sunday and in doing so squared the five-match series two-all.

Has Ben Really Started The Helicopter Once Again?

By Kathleen Brooks, Research Director, FOREX.comToday Ben Bernanke "surprised" the market by giving an incredibly dovish speech to an association of business economists in Virginia.

Global Markets Overview 03/27/2012

U.S. stocks surged Monday, largely erasing last week's losses, after a speech by Federal Reserve Chairman Ben Bernanke signaled the central bank is committed to a monetary policy that's helped buoy stocks for three years.

Higher Mortgage Rates Causes Dip in Satisfaction of Big 4 Aussie Banks

Australian customers are getting back at the big four lenders by giving it lower satisfaction ratings after the banks unilaterally increased their mortgage rates despite two decisions by the Reserve Bank of Australia (RBA) to keep the overnight cash rate unchanged at 4.25 per cent.

Updates: Gunns Boost Its Refunding Plans

Struggling Tasmanian forestry products company Gunns is continuing to try and raise fresh capital after the earlier plans were wrecked by the withdrawal of a cornerstone investor.

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