BUSINESS

What Will the Xbox Update Mean for the Future of Television?

Microsoft Corp. released an update on Tuesday for its Xbox 360 console that will allow users to interact with their televisions in a completely new way. Now users with Kinect can tell their televisions to play movies or switch channels with a simple voice command.

Deutsche Bank CEO Gets Letter With Bomb

A letter that arrived at the Deutsche Bank headquarters in Frankfurt, Germany Wednesday was found to contain an explosive device after it passed through a mail room security X-ray.

Global Markets Overview - 12/09/2011

From Morrison Securities: U.S. stocks fell in afternoon trading as investor focus shifted from disappointment over the European Central Bank to the closely watched summit on Europe's sovereign-debt crisis. The Dow Jones Industrial Average lost 171 points, or 1.4%, to 12026 in recent action. The Standard & Poor's 500-stock index shed 23 points, or 1.8%, to 1238 and the Nasdaq Composite lost 42 points, or 1.6%, to 2607.
More news

SA Premier in Mt. Gambier as 2,000 Protest Forest Sale

South Australia Premier Jay Weatherill arrived in Mount Gambier Thursday to meet local mayors and protesters opposed to his plan to sell rights to harvest timbers from the area's forests.
Windsor Genova Dec 08, 2011

BHP Chief Reveals Portfolio Adjustments, Labor Concerns

BHP Billiton Ltd reiterated its concern on growing unrests in the country's labour sector, which according to BHP Chief Executive Marius Kloppers have been prompted by the provisions of the Fair Work Act.
Erik Pineda Dec 08, 2011

November Term Prices of Uranium Falls

Term prices of uranium for November month-end closed at $51.50 per pound, a decline of $0.25 from end-October, showing yet again a fading buyer interest as opposed earlier in the month when spot prices reached higher than $4 per pound.
Esther Tanquintic-Misa Dec 07, 2011

Sony Ericsson’s Best Mobile Features

Sony Ericsson is a joint venture between the Japanese company Sony Corporation and the Swedish telecom company Ericsson to manufacture mobile phones. It used to be the 4th largest mobile manufacturer in the world after Nokia, Samsung, and LG. However, in 2010, its market share fell to sixth place.
Vittorio Hernandez Dec 07, 2011

Celebrities Suffer Investment Losses, Property Foreclosures

Not even wealth and fame could shield them from the financial crisis gripping homeowners in the United States. Celebrities were also victims of bank foreclosures and lost millions invested in properties acquired when real estate was booming.
Christine Gaylican Dec 07, 2011

Australia's November Construction Index Improves, Rises 4.9%

The Australian Industry Group Australian Performance of Construction Index was 4.9 points stronger in November at 39.6, although it was still well below the 50 point level separating expansion from contraction. November marked the 18th straight month the national construction industry index has been in the red.
Christine Gaylican Dec 07, 2011

Filling Gaps 'Logical Place' for Non-Banks

Funding pressures mean non-banks won't be able to compete on price in 2012, but Firstfolio's Mark Flack has said this is nothing new for the industry.
Jamelle Agbuis Dec 07, 2011

Why Did America's Property Bubble Burst? Here Are 8 Reasons...

The global property markets are imploding, and fast. The strain that first found its footing in the U.S has now truly gone viral. From Dubai to Denmark, developers have been left reeling, while national exchequers struggle to hold ground.
Jamelle Agbuis Dec 07, 2011

Asia: ADB Cuts 2011, 2012 Forecasts For East Asia, Asia

The Asian Development Bank has trimmed its 2012 growth forecast for emerging East Asian economies including China, as the eurozone crisis threatens to further slow an already weakening global economy.
Jamelle Agbuis Dec 07, 2011

The Economy: RBA Cuts As Europe’s Woes Increase, Growth Data Out Today

The RBA yesterday cut the cash rate to 4.25% from 4.50%, its second successive rate cut, a move that also has the whiff of being linked to the series of moves last week by major central banks, and this Thursday night's widely expected rate cut from the European Central Bank.
Jamelle Agbuis Dec 07, 2011

ABARES Forecasts Bumper Yields for Key Australian Crops

It will be an abundant harvest season for Australia, thanks much to perfect weather conditions that the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) said should lead to more than 43 million tonnes of yield from most of the country's farming regions.
Erik Pineda Dec 07, 2011

Will the New RBA Rate Cut Save the Aussie Christmas?

The cash rate push back decided by the central bank on Tuesday would certainly lift some pressures off consumers' shoulders, possibly fueling more shopping activities but not enough for retailers to celebrate a glorious Christmas season.
Erik Pineda Dec 07, 2011

New Look Centro Has Appeal

By Greg PeelIn the lazy, crazy, hazy days leading up to 2007, money was cheap, property values were rising, and gearing levels never seemed an issue.
Admin System Dec 07, 2011

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