BUSINESS

Is Fusion Garage Dead?

Fusion Garage has been playing a game of hide-and-seek with its customers. It hasn't fulfilled orders for its Grid10 tablet, the company's Twitter page and website hasn't been updated in weeks and its executives have maintained a radio silence about what's going on with the company. Is Fusion Garage shutting down?

AT&T Ends Quest to Takeover T-Mobile

AT&T announced on Monday that it has officially withdrawn plans to acquire T-Mobile USA from Deutsche Telekom, effectively ending the $39 billion merger deal that the two telcos sealed earlier this year.

Dec 24-27 are Bank Holidays

Australian banks reminded customers on Wednesday that Dec 24 until Dec 27 are bank holidays. That means that payments between the banks and other financial institutions would not be processed during the four-day period.
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Explaining NR7s And Doji's

FNArena has added another video to its Investors Education section on the website. In this video, ATW's Jerry Simmons' analysis zooms in on NR7s and doji formations.

The Overnight Report: Rally!

By Rudi Filapek-VandyckUS equities rallied by up to 4% (Russell2000) on positive news from Europe and from the US housing market.

Billabong Stocks Dip 34% Due to Chilly Summer

Stocks of Billabong International Limited (ASX: BBG) fell 34 per cent after the Gold Coast firm forecast lower earnings for the first half of the financial year and issued a profit downgrade due to the chilly summer weather.

Global Markets Overview - 12/20/2011

U.S. stocks fell Monday after European Central Bank President Mario Draghi made cautious comments on the state of Europe's economy and as bank stocks sagged in expectation of tighter capital standards.

A Century Of Public Debt And What Have We Learned?

By SM Ali Abbas, Nazim Belhocine, Asmaa El-Ganainy and Mark HortonAs policymakers continue to grapple with high debts and the troubles that come with them, this column looks at the lessons from data on public debt in 178 countries stretching back as far as 1880.

Mario Draghi Sticks To The Spirit Of The Treaty

By Kathleen Brooks, Research Director UK EMEA, FOREX.comPrice action may feel like the markets have ground to a halt as we wait for the Christmas break; however headline risk is as strong as ever as we get close to the end of the year.

Dismal Retail Condition Still Stirs Optimism

As Myers and other major retailers revealed plans to reduce their store numbers to survive the ongoing slump, sellers' group has expressed optimism that a considerable pick up late into the holiday season could offer some relief.

Orica Logs 148 Safety Violations in 11 Years

About 4,000 litres of sulphuric acid leaked on Friday from the Foreshore Road Plant of Orica in New South Wales (NSW). It was the sixth industrial accident to hit the chemical manufacturer since its Kooragang Island plant suffered a carcinogenic chemical spill over the Newcastle suburb of Stockton in August.

Refund Brokers Still Eyeing Bid

Refund Home Loans franchisees still plan to bid for the business, but have expressed frustration with administrator SV Partners.

Qantas Ends Industrial Dispute With Aircraft Engineers

Qantas has ended its industrial dispute with aircraft engineers after both parties agreed to a 3 per cent annual wage increase for the next three years. However, the other demands of the Australian Licenced Aircraft Engineers Association (ALAEA) such as the construction of a new engineering hangar, was rejected.

Coca-Cola Amatil Trading Update Lacks Fizz

- Coca-Cola on Friday updated earnings guidance- Guidance broadly disappointed (as predicted by some)- Estimates trimmed across the market- Credit Suisse downgrades to an Underperform ratingBy Chris ShawOn Friday Coca-Cola Amatil ((CCL)) offered a trading update to the market, management indicating ...

Myer to Close Stores With Weak Sales

Days after menswear store Fletcher Jones announced the closure of several outlets, the weak retail environment claimed another victim. Giant Myer (ASX: MYR) announced on Monday it would shutter in 2012 weak performing chains.

Global Markets Overview 12/19/2011

U.S. stocks ended the week with a whimper Friday as continued jitters surrounding Europe's debt crisis weighed on investor sentiment. T

Australian Stock Market Report - Morning 12/19/2011

US consumer prices rose were flat in November after a 0.1pct drop in October. Consumer prices were up 3.4pct in the 12-months to November. Excluding food and energy consumer prices was up just 0.2pct in November.

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