Apple Chinese Workers Gain Pay Hikes
Chinese workers assembling the world's top gadgets have been awarded considerable pay hikes by one of the world's most notorious employer, the Foxconn Technology Group.
CBA's Business Sales Indicator: Aussie Retail Sales Up in All Territories
Australia's retails sales had gone up by 0.6% for the fourth consecutive month in all territories, according to the Commonwealth Bank's Business Sales Indicator.
Home Loan Applicants Urge to Research on Bank Rates Well
Bank customers wishing to compare the lending rates of major Aussie banks should research the facts by themselves as these will not be volunteered to them, according to consumer advocacy group Choice.
Air Australia Passengers Get $1 Million in Refunds
Scoopon has refunded about $1 million to Air Australia passengers who were stranded when the air carrier collapsed on Friday. These travelers purchased their Air Australia tickets from Scoopon, a group buying site.
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Australian Stock Market Report - Midday 2/20/2012
The Australian share market has kick-started the trading week on a strong note, thanks to positive offshore momentum. The People's Bank of China announced on Saturday that it would cut the reserve requirement ratio (RRR) for banks by 50 basis points, effective from February 24. The move is being seen as a good sign across Asian markets as it frees up capital and boosts liquidity. There are also hopes Eurozone Finance Ministers will agree on the Greek bailout deal later this evening. At luncht...
Vittorio Hernandez Feb 20, 2012
Is an 8-Inch iPad in the Works?
Apple Inc. is reportedly working on an 8-inch version of its best-selling iPad tablet in an effort to broaden its market share.
ranina sanglap Feb 20, 2012
Australian Stock Market Report - Morning 02/20/2012
US consumer prices rose by 0.2pct in January and the core measure (excludes food and energy) also rose 0.2pct. The leading index rose by 0.4pct in January, just short of forecasts.
Lawrence Villamar Feb 20, 2012
Markets: China’s Cut To Bolster Market's Momentum
A positive move from China at the weekend has added to signs the world economy isn't tanking as many forecasters believed it would.
Jamelle Agbuis Feb 20, 2012
The Economy: Jobs Figures Confirm That Economy Is Stronger Than Many Think
The Australian jobs market remains solid across the economy, with the weaker bits in retailing and manufacturing more than offset by the rapidly growing sectors such as resources, healthcare and education.
Jamelle Agbuis Feb 20, 2012
Earnings: Watch For Some Surprises This Week
It's the peak week in the December 31 profit reporting season with over 100 major companies due to report interim or full year figures in the next five days.
Jamelle Agbuis Feb 20, 2012
Diary: The RBA’s Big Week, Australian Earnings And Greece
The focus is likely to remain firmly profits (see the top story) and on interest rates with the Reserve Bank front and centre this week, led by Governor, Glenn Stevens.
Jamelle Agbuis Feb 20, 2012
Romney's Crash and Burn on the Auto Bailout
The candidate who wanted Detroit to go bankrupt is now trying to win votes in Michigan — as the auto industry's recovery is front-page news. Santorum? He's got the same problem.
Jamelle Agbuis Feb 20, 2012
The Renminbi's Prospects As A Global Reserve Currency
By Eswar Prasad and Lei YeIs China's currency destined to become the dominant global reserve currency? This column argues that despite not yet having a flexible exchange rate or open capital account, China's government is pursuing 'liberalisation with Chinese characteristics'.
Admin System Feb 20, 2012
Graphite: Pencil It In
By Richard (Rick) MillsAs a general rule, the most successful man in life is the man who has the best informationSometime between 1500 and 1565 a large graphite deposit was discovered in Cumbria, England.
Admin System Feb 20, 2012
Bligh Battles for Qantas Jobs
Queensland Premier Anna Bligh said in Friday that she will lobby with Qantas Chief Executive Alan Joyce not to shed 500 aircraft engineering and catering jobs in the flag carrier. She made the statement a day after Mr Joyce announced a review that would lead to the axing of jobs after Qantas posted an 83 per cent decline in profit due to the labor dispute and fleet grounding.
Vittorio Hernandez Feb 17, 2012
More Work Created in January but Economists Remain Cautious
Australia's jobless rate improved a bit last month, supporting the country's steady economic gains but drawing mixed reactions from economists.
Erik Pineda Feb 17, 2012
Foxconn's Apple Parts Factories Determined as “First Class”?
The Fair Labor Association has given an initial assessment of the working conditions on Apple's Foxconn manufacturing plants and found that the working conditions are far better than other manufacturing plants in the region.
ranina sanglap Feb 17, 2012
Air Australia Collapses, Cuts off Thousands of Passengers
Low-cost carrier Air Australia has been placed into administration Friday morning, a development so sudden that thousands of passengers previously booked with the budget airline were left scrambling for alternative flights.
Erik Pineda Feb 17, 2012
Is PS Vita for Hardcore Gaming?
Handheld gaming is facing an uncertain future right now. Casual gamers are flocking to smartphones and tablets for simple touchscreen games foregoing traditional portable devices for the more versatile phones and tables. Sony and Nintendo have been feeling the brunt of this new attitude when their portable game devices have failed to make a mark in the market. Nintendo's 3DS had slow sales that forced the company to slash prices just to move units.
ranina sanglap Feb 17, 2012
HTC and Beats to Take on Spotify, iTunes
HTC is reportedly launching its own music streaming service with Beats Electronics in an effort to turn the company's flagging fortunes around.
ranina sanglap Feb 17, 2012
Global Markets Overview 02/17/2012
U.S. equities rose after positive news from the labor and housing markets, then drifted higher on reports of progress toward a second bailout for Greece.
Lawrence Villamar Feb 17, 2012
Australia Stock Market- Morning Report 02/17/2012
New claims for unemployment insurance in the US fell by 13,000 to 348,000 in the latest week - the lowest level since March 2008.
Lawrence Villamar Feb 17, 2012
Australian Labour Force Update
The Australian Bureau of Statistics recently released an update regarding the labour force status of Australia for Jan. 2012. According to the report, the number of people who are employed increased to around 11 million while the figures for unemployment decreased to 623,700. In terms of unemployment rate, it is still considered as "steady" with 5.2%.
Mary Elaine Ramos Feb 17, 2012
The Overnight Report: Adrenalin Shot?
By Greg PeelThe Dow rose 123 points or 1.0% while the S&P gained 1.1% and the Nasdaq leapt 1.5%.As the sun set on the Asian zone and began to rise in Europe last night the mood was very sombre on heightened expectations that Greek default was now nigh.
Admin System Feb 17, 2012
Peter Switzer: This will be an OK year for long-term investors
by Peter Switzer, Switzer Super ReportWith the market having the biggest down day for some time, it is timely to ask what the year ahead looks like.
Admin System Feb 17, 2012
Fears of Job Cuts at Caltex Amid Massive Writedown
Another large company in Australia may axe hundreds of jobs. Employees of the two Caltex refineries at Kurnell in Sydney and Lytton in Brisbane have expressed fear of losing work after the oil firm wrote down $1.5 billion value of its refining assets as it continues to conduct a review of refining future in Australia.
Vittorio Hernandez Feb 16, 2012
BHP Queensland Coal Mines Hit by Huge Workers’ Strike
Mining activities on seven Queensland coal mine sites owned and operated by BHP Billiton virtually ground to a halt on Wednesday as workers stopped toiling to commence what could become the nation's biggest industrial disruption in years.
Erik Pineda Feb 16, 2012
Retailing: Now For Some Good News
A busy day for retail-related companies yesterday with Westfield Group leading the way in revealing a US joint venture and asset sales, with asset sales in the UK as well, plus reasonable 12 month results.
Jamelle Agbuis Feb 16, 2012
Increase in Australia's milk production forecast to continue
Dairy Australia's latest forecast, released today, shows that Australia's milk production is continuing to climb, with total output for 2011-12 forecast to be between 9.4 and 9.5 billion litres, up on last season's total of 9.1 billion litres.
Jamelle Agbuis Feb 16, 2012
McDonald’s U.S Suppliers Required to Take Action Over Animal Welfare
One of the world's largest fast food chains, McDonald's Corporation, has announced that it will require its U.S. pork suppliers to outline their plans to phase out the use of sow gestation stalls.
Jamelle Agbuis Feb 16, 2012
Australia’s Unemployment Rate Drops to 5.1% in January Despite Hundreds of Job Cuts
Despite hundreds of jobs axed since the start of 2012 as large Australian firm reported lower profits, the country's unemployment rate actually went down to 5.1 per cent in January from 5.2 per cent in December 2011.
Vittorio Hernandez Feb 16, 2012
A Brighter Future for Metal Detectors
A chronicle news reporter recently featured a behind-the-scenes look in MetalDetector.com, the first online retailer of Metal Detectors. MetalDetector.com is located at Southborough, Massachusetts and has been around for 30 years. It is currently being managed by brothers Michael and Daniel Berznweig.
Mary Elaine Ramos Feb 16, 2012
Report: Cisco Sues for Revision on Microsoft-Skype Merger
Networking specialist Cisco has decided to mount a challenge on Microsoft's takeover of Skype, lodging an appeal before the European Commission earlier this week.
Erik Pineda Feb 16, 2012
Westpac Registers $1.5 Billion Quarterly Profit, to Cut Number of Tellers
Westpac reported on Thursday unaudited quarterly profit of $1.5 billion, which is 3 per cent lower compared to the same quarter a year ago of $1.55 billion.
Vittorio Hernandez Feb 16, 2012
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