BUSINESS

Updates: Stockland, Virgin, Programmed

Property developer Stockland says it's still on track to match 2010-11 earnings per share figures, despite a slow start to the current financial year.
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Global Markets Overview - 11/24/2011

From Stan Shamu, Markets Strategist, IG MarketsGlobal markets extended their losses overnight on deepening concerns about the European debt crisis, after a poorly-received German debt sale. Germany failed to find buyers for 35% of the bonds it offered at an auction. There was also a swathe of disappointing economic data, with European services and manufacturing output shrinking for a third month, US durable goods orders falling and unemployment claims topping forecasts.

Supermarkets Home Brands Boost Sales

Australian supermarket operators Coles and Woolworths have recently added home brands to their shelves, which elicited negative comments from global food manufacturer Heinz and other branded food producers.

Titan Energy to List in ASX

Oil and gas field service provider Titan Energy (ASX: TTN) is going public by listing in the Australian Stock Exchange (ASX) on Dec 7. The company hopes to raise $5.45 million capital by issuing 5 million shares at $1 per ordinary share.

Sony Vita Set for Australian Release on Feb 2012, Accepts Pre-orders

Sony’s latest attempt of regaining its market edge in the gaming industry, the PlayStation Vita, will hit Australian shelves on February 2012 but the giant consumer electronics firm said that pre-orders for the upcoming release is now accommodated.

Australia SMEs Dissatisfaction Rating on Government Jumps 56%

Aussie business owners' dissatisfaction with the Federal Government has soared to a three year high with the majority of Aussie SMEs (56%) now dissatisfied, up from 31% in August 2010. This is the highest dissatisfaction level recorded by the Business Monitor since June 2008, accprding to the latest research from the MYOB Business Monitor Special Report released on Wednesday.

FWA Decision Likely in Favour of Qantas

Qantas Chief Executive Alan Joyce and some aviation experts are of the opinion that Fair Work Australia (FWA) would rule in favour of the air carrier to settle the industrial dispute with unions.

Is Monadelphous Now Too Expensive?

- Monadelphous delivers positive AGM commentary- Brokers lift earnings estimates and price targets- Valuation keeps broker opinions dividedBy Chris ShawTough operating conditions mean an acceleration in revenue growth is not common among ASX listed stocks at present.

Intel Rival AMD Unable to Catch Up with Bulldozer?

Advanced Micro Devices was hoping that it's recently launched Bulldozer server processors would pull AMD out of its downward spiral against arch-rival Intel. Bulldozer has a new microstructure, a complete redesign of the original Opteron chip and the first chip to be manufactured with 16 cores. It also represented AMD's best hope of regaining its lost market share.

Bullish Pattern For AUD/USD

FNArena has added another video to its Investors Education section on the website. This may seem odd in a week wherein the Risk Off trade is the clear dominant factor, but ATW's Jerry Simmons actually has a bullish underlying view on the Aussie dollar.

Tip-Toeing Back Into Risk

By Kathleen Brooks, Research Director UK EMEA, FOREX.comIt's a sea of green in stock markets today; however the macro situation remains as bad as ever.

MR Capital betting hedge funds in booming Asia

Global alternative investment management firm MR Capital Management Ltd. is focusing its funds to the Asian economies in a major shift of its traditional portfolio because of the improved industrial activities in Asia and the obvious growth slowdown in developed countries of the west.

51% of Aussies Support Mining Tax

The mining tax proposal of the Labor government, set to be voted on likely by Wednesday, appears to be a more popular measure than the proposed lifting of uranium exports to India.

Philip Morris Files Arbitration Case Vs. Australia Over Plain-Packaging Law

Philip Morris Asia, owner of Philip Morris Ltd. in Australia, is challenging Australia's plain packaging law for cigarettes before an international arbitration court hoping to suspend the legislation and obtain billions of dollars in compensation for business losses from the Federal Government.

More Job Cuts by OneSteel

Employees of OneSteel have been warned to brace for tougher days ahead as the company reduces costs.

Australia's Future Capital Fund Invests in Agenda.com

Australia's leading Internet venture fund, Future Capital Development Fund (FCDF) has announced it has invested in another Internet company, TheAgendaDaily.com ("Agenda") - a hybrid media / commerce business which successfully offers customers engaging daily recommendations alongside exclusive member only sales.

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