BUSINESS

Global Markets Overview 01/11/2012

U.S. stocks remain higher but are off session highs Tuesday afternoon after strong gains overseas and an upbeat start to the U.S. earnings reporting season pushed blue-chip stocks to levels not seen since late July.

Dell Kills Inspiron Netbook

Dell, a known PC maker announced that the company would be putting a stop in their Inspiron line of netbooks.
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Australia Honey Bee Producers Fight Off Asian Competition

The Department of Agriculture, Fisheries and Forestry (DAFF) killed last week about 300 Asian honey bees found on a cargo ship in Townsville, which came from Port Moresby. The operation was made after DAFF biosecurity officers inspected shipping containers and the vessel which subsequently led to the extermination of the bees.

The Ascent of Ginia Rinehart to the Family Business Empire

Ginia Rinehart is probably the 2010 decade's new icon of wealth, comparable to what Christina Onassis was in the 1970s and 1980s. At age 25, Ms Rinehart is set to become the sole heir of the richest person in Australia with $10 billion to her name. However, it would not come easily because of court cases from her siblings who are locked in a legal battle with their mother, Gina Rinehart.

More Aussie Retailers Join Online Bandwagon

More Australian retailers are set to join in 2012 the online bandwagon. The shift to e-commerce over traditional bricks-and-mortar stores confirms the truth behind the cliché - If you can't beat them, join them.

Sony's Upcoming Portfolio: Smart TVs, PS Vita, and Cloud

Sony will be introducing new TVs, gadgets and its next generation handheld the Sony PlayStation Vita at the Consumer Electronics Show in Las Vegas. The company is expected to reveal new content for its smart TVs at Sony's press event on Monday at CES. The company is also expected to heavily promote the PlayStation Vita for its upcoming U.S. and European release. The company will likely have some announcements for the Vita and even a hands-on demo for the participants. The PlayStation Vita was...

Job Prospects still High with Australia’s Booming Mining Sector

Despite the threat of another global contraction due to the European debt crisis, employment prospects in Australia's mining industry continue to be high. To address the manpower shortage in the booming sector, employers have become creative in attracting the best talents from other industries.

Restiveness Spreads in Australia’s Port Unions

Amid Australia's resources boom which led to higher export activities, the workers in the country's seaports are becoming more restive as evidenced by increased strikes toward the end of 2011 and another round of industrial actions at the start of 2012.

Australian Stock Market Report - Morning 01/09/2012

US non-farm payrolls (employment) rose by 200,000 in December, ahead of forecasts centred on a gain of 150,000. Private sector jobs rose by 212,000 and the jobless rate fell from 8.7pct to a near three-year low of 8.5pct. Average earnings rose by 0.2pct.

Samsung Galaxy S3 Speculations

In 2011, Samsung released powerful smartphones designed for different users and for different purposes. For 2012, there are speculations that the successor of Galaxy S2 will be released - the Galaxy S3. It is expected to be far more superior and powerful than all of its Galaxy relatives especially against the Nexus.

Qantas Downplays Cracks Seen on its Airbus Planes

Qantas Airways downplayed on Friday possible questions on its flight safety as reports of cracks discovered on wing ribs of its A380s emerged, renewing fears that engine failures could again hit its aircrafts.

Will Apple Drop the iPad 2 to $299?

The iPad 3 rumor mill is at full tilt right now with speculation running wild about tablet's improved specs to when Apple will announce the next generation tablet. But along with rumors about the iPad 3 there are also reports about what will happen to Apple's current tablet, the iPad 2.

Hot Mobile Trends to Expect at CES 2012

Samsung's Galaxy S III and the next generation Galaxy Tab will likely debut at MWC. Despite the spotlight focusing on new smart TVs and Intel's new Ultrabooks that doesn't mean the mobile industry is going to be completely silent at CES. Here are some of the mobile trends to expect at CES 2012.

New Yahoo CEO Faces Many Challenges

Yahoo Inc. finally named its new CEO on Wednesday hiring President of PayPal Scott Thompson in an effort to recharge the flagging Internet company.

Australia's December Trade Surplus Declines

Australia's latest trade surplus posted declines from previous month, achieving only $1.38 billion in November as compared to the seasonally adjusted $1.42 billion in the month before, according to new figures released on Thursday by the Australian Bureau of Statistics (ABS).

Yahoo Taps PayPal's Scott Thompson As CEO

Scott Thompson, eBay Inc.'s top executive, was hired by Yahoo Inc. He was designated as the new chief executive while attempting to proceed with an independent unit.

Samsung Unveils New Galaxy Ace Plus

The Russian market will have first taste of Samsung's new Galaxy phone - the new Galaxy Ace Plus that experts said derives its look from an earlier version of Apple's iPhone.

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