Citigroup, Goldman, Credit Suisse to Reduce Global Work Force
As a cost-cutting measure, New York-based Citigroup Inc. recently revealed plans to lay off some 3000 or more employees from their global workforce.
Rio Tinto Alcan to Shut Down Lynemouth Aluminium Smelter in U.K.
Rio Tinto Alcan intends to close the Lynemouth aluminium smelter, subject to the completion of a 90-day consultation process with employee and union representatives. The company is also in exclusive discussions regarding the potential sale of the power station at the site.
Minecraft Full Version Available; MineCon Live Streaming
Minecraft creator Markus "Notch" Persson will unveil the full version of the sandbox construction game originally written in Java, at the MineCon convention in Las Vegas over the weekend.
How Much Walt Disney CEO Bob Iger Is Paid at Apple's Board
Apple Inc. is the world's most valuable tech company, it's the world's second largest company by market capitalization, it reported record revenue of $108.2 billion in fiscal year ended Sept. 24, and it had record net profit of $25.9 billion in fiscal 2011.
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UK and US Face Buy to Let Boom Hand in Hand
We always talk about the special partnership between the UK and US, and we all know that it will scarcely ever be as "special" as it was between Bush and Blair, at least not until sufficient time to have past for us all to have forgotten the lies Blair told during the time that he was being operated from behind by Bush, but that is another article.
Sri Lanka to Scrap 100% Tax on Foreign Land Buys
The Sri Lankan government is scrapping the 100% tax levied on foreigners buying land, in favour of a new special land tax to be unveiled in the 2012 budget.
Sony Ericsson Opts for Direct Release of New Xperia Handsets through U.S. Sony Stores
Sony Ericsson has decided to issue its latest batch of smartphones that run on Android, minus the support of major American telcos and allowing U.S. consumers to enjoy a quick taste of the new Google-powered handsets.
Nokia Tablets on Windows 8 Set to be Unveiled by H2 2012
Following the unveiling of its Lumia smartphone series last month, giant mobile phone maker Nokia has indicated that it will release tablet computers by the second half of 2012, which of course will be powered by Microsoft’ upcoming Windows 8.
Virgin Blue Chicken Supplier Fined $236,000 for Listeriosis Outbreak
The Downing Centre Local Court has ordered the GMI Food Wholesalers and its directors to pay a fine of $236,000 for supplying Virgin Blue with inflight chicken meals tainted with the listeria bacteria that infected several passengers of the airline in 2009.
Optus Seeks Transparency on Telstra Use of $11 Billion NBN Windfall
Optus sought on Thursday for Telstra to be transparent on its use of the $11 billion National Broadband Network (NBN) windfall to ensure it would not use the money to stifle competition.
NAB: Bleak Manufacturing Picture Should Spawn Changes and Creativity
Australia’s manufacturing sector continues to witness retreating indicators well into the third quarter the current year, according to the National Australia Bank’s (NAB) latest Manufacturing Activity Index.
International Transport Workers Take Side of Qantas Unions
Qantas unions found an ally in transport workers overseas when the International Transport Workers Federation (ITF) warned the Australian flag carrier that it would get involved if there are future industrial rows between Qantas and its unions.
Brokers Beginning To Grow Horns
By Greg Peel"Considerable risk in Europe certainly remain," note the Deutsche Bank Australian equity strategists, "but with changes in key governments there may be progress from here".
Australian Stock Market Report - Midday 11/17/2011
The Australian share market is trading flat at lunchtime in the East, following another volatile offshore session. US stocks were relatively stable heading into the last hour of trade, before ratings agency Fitch warned of contagion risks to US banks if the European sovereign debt crisis intensifies.
Security Threats, Malware Still Bugging Android?
Android users beware: there has been a rise in malware in Android apps that could infect your smartphone or tablet.
Market Insight: Investing In Resources Stocks
BHP Billiton ((BHP)) lifted its profits for shareholders by no less than 75% in the year to June and Rio Tinto ((RIO)) is expected to have achieved near 100% growth for the year to December when the company reports its full year numbers in February.
When Will Sony Update Entire Xperia Line to Get Ice Cream Sandwich?
Sony Ericsson has confirmed that it will upgrade its entire Sony Experia line of devices to the newest version of Android, the Ice Cream Sandwich
The Overnight Report: Bleeding Obvious Triumphs
By Greg PeelThe Dow fell 190 points or 1.6% while the S&P lost 1.7% to 1236 and the Nasdaq dropped 1.7%.
The Deadline for Global Warming: Reversing the Effects of Climate Change Before 2017
If energy-efficiency policies, price reforms, new emissions-free infrastructures and increased renewable energy subsidies aren't firmly in place by 2017 then it might become too late to turn back the tide against the effects of climate change, according to the recently released World Energy Outlook by the IEA (International Energy Agency).
3 Comparison Points of Windows Mobile OS vs. Android
To help people decide which is better for their needs, here are three points of comparison for entry-level units of both OS for the Android-powered Samsung Galaxy Mini and the Windows Mobile-powered HTC 7 Trophy
Major Chinese, South Korean Wind Farm Projects Put Pressure on Rare Earths Supply
China and South Korea's planned investment in offshore wind farms amounting close to $25 billion in the near term could also impact on the rare earths production.
Gold Dealers Pitch to Institutional Investors, Cite Market Turmoil
Investing in gold would be a good way to rebalance the portfolio of pension funds and other institutional investors before the European sovereign debt crisis turns for the worse, a bullion expert advised.
Chinese Solar Panel Imports Cause Suspension of SilexSolar’s Production
Like its counterparts in the U.S., Australia's only manufacturer of solar panels is suffering from weak sales due to competition from cheap Chinese solar panel imports.
Tiger Airways Adds 10 More Daily Flights to Australia
Ten daily flights are available to Australians after the Civil Aviation Safety Authority (CASA) allowed Tiger Airways on Tuesday to increase its flights from Singapore to Australia.
Report: Online Shopping Grows Further; Foreign Retailers’ Market Share Jumps
Online shopping further grew among Australian consumers, mostly spurred by cheaper products offered by international retailers who were able to lure web-prowling customers looking to extend the value of their dollar.
Business Council of Australia Supports Labor Plan to Lift Uranium Export Ban to India
The debate in Australia whether to lift the bank on uranium export to India or not continues with pro and anti groups airing their sides.
Sydney Rental 'Crisis' to Continue
Sydney's tight rental market has shown some marginal improvement, new figures suggest.
RBA Divided on Melbourne Cup Rate Cut
The RBA minutes showed a split on decision to cut rates, with arguments for both easing and a policy "on the tight side of normal".
Urban Density Surges in Popularity
Urban lifestyles are taking off as single dwellings become prohibitively expensive.
Aussies Poised, but in No Hurry to Buy
Aussie consumers have no plans to jump into the property market, even though savings are up and mortgage stress is down.
NBA Players to Disband Union, Countersue League
The labor dispute in the National Basketball Association (NBA) took a turn for the worse Tuesday when players decided to disband their union and sue the league because they find the team owners' last offer of 50-50 profit sharing not good.
Shareena Martin Appointed as AAIC Bullion Refineries Group Finance Director
AAIC Bullion Refineries Group Limited (ABRG, Frankfurt Xetra: 1AB) today announced the appointment of Ms. Shareena Martin as Group Finance Director.
Banks: CBA Has A Solid First Quarter
Some commentators would have you believe that the country's banks are about to fall on hard times as the eurozone problems lift the cost of money and make life generally tougher for financial stocks.
Apple, Samsung, Nokia Dominate Mobile Phone Sales in Q3 2011
Samsung edged out Apple over their rivalry on global smartphone sales as the South Korean firm shipped out 24 million units in total sales for the third quarter of the current year, roughly comprising of the record number of Android-powered handsets purchased by consumers during the period.
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