BUSINESS

New Budget Air Carrier to Bring Out More Dollars From Australia

Australians will have another alternative budget carrier from Asia by mid-2012 as Scoot operates a 402-seat daily flight between Sydney and Singapore. Scoot will offer 40 per cent lower fare than traditional airlines and targets young and adventurous travelers who want to go around the region at lower cost.

Europe: Decision Week Looms

As pointed out in the Diary (see below), the coming week is going to be crucial for the future of the euro and Europe's slumping economy.
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U.S. Judge Rejects Apple Plea; Samsung Allowed to Sell Gadgets

A federal court judge in San Jose, California has ruled against Apple's petition to temporarily ban the sales of Samsung smartphones and tablets in the U.S. allowing the Korean products in market shelves until the start of the patent infringement trial on July 30, 2012.

Five Out For Five For Grange Resources

- JP Morgan initiates with Overweight rating on Grange Resources- Value the main attraction- Upside from new project and increased production, some risks at Southdown- Grange rated Buy by all five brokers offering coverageBy Chris ShawGrange Resources ((GRR)) is Australia's largest producer of ...

Australian Stock Market Report - Morning - 12/05/2011

From Craig James, Commsec Chief EconomistUS non-farm payrolls (employment) rose by 120,000 in November, in line with market expectations. Private payrolls rose by 140,000, the jobless rate fell from 9.0pct to a 2-1/2 year low of 8.6pct and average earnings fell by 0.1pct.

Global Markets Overview - 12/05/2011

From Morrison Securities: U.S. stocks finished barely changed in Friday's session to cap a strong week after the U.S. unemployment rate unexpectedly dropped and European leaders and central bankers redoubled efforts to tackle the sovereign-debt crisis.

Nokia Introduces 3D Indoor Mapping

Google's Android system may have updated its Google Maps feature to work indoors but Nokia is raising the bar by having their indoor maps in 3D.

Qantas Unions Blame Mismanagement for $200 Million Loss, Not Strikes

Qantas unions blamed mismanagement of the national air carrier for its $200 million loss for the second half of the financial year. The unions said Qantas should not blame the strikes for the loss, which Qantas Chief Executive Alan Joyce pinpointed as one of the reasons behind the red ink.

Report: Airbus, Boeing Near End of Prolonged Trade Dispute

The ongoing trade dispute between giant aircraft manufacturers, Europe's Airbus and America's Boeing, could soon end as European Union officials declared on Thursday that all conditions relating to the resolution of the matter have been met.

S&P Downgrades 5 Large Australian Banks

Standard & Poor's downgraded on Thursday the credit rating of five large Australian banks. However, rival Moody's Investors Service maintained the stable outlook of the big four banks.

Your Editor On Twitter

By Rudi Filapek-Vandyck, Editor FNArenaI joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently.

Peter Switzer: This Rally Could Have Legs

by Peter Switzer, Switzer Super ReportEurope really needed some help and it got it with six central banks ? the European Central Bank (ECB), the US Federal Reserve and counterparts from Japan, Canada, Switzerland and the UK ? turning on the liquidity tap overnight to help arrest the looming European...

Researchers Find Security Flaw in Android Apps

Researchers from North Carolina State University have discovered a number of vulnerabilities in smartphones running Google's Android operating system that allows hackers to record phone conversations and even wipe data without the user's permission.

Global Markets Overview - 12/02/2011

From Morrison Securities: U.S. stocks were little changed in afternoon trading Thursday, a day after a blowout rally, as headlines from Europe kept traders on the defensive but strength in the technology sector limited losses. The Dow Jones Industrial Average shed 6 points, or 0.1%, to 12049 recently, shaving off a sliver of the previous session's 490-point surge.

Carn leaves Homeloans for NextGen

NextGen.Net has announced the appointment of Tony Carn as its new sales director, with Greg Mitchell stepping in to fill a combined general manager of sales role at Homeloans.

Economy: Boom, Boom

The resources boom powers on, according to the September quarter private investment data from the Australian Bureau of Statistics yesterday.

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