BUSINESS

No iPhone 5; No iPhone 4S Release Date Either, Says Samsung

Samsung Electronics announced it will file pleadings in courts in Paris, France and Milano, Italy, accusing Apple of two patent infringements related to wireless telecommunications technology, specifically Wideband Code Division Multiple Access (WCDMA) standards for 3G mobile handsets.
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FBAA Promises More than 'A Piss Up'

The FBAA has announced the line-up for its inaugural conference, with president Peter White promising the event will contain a wealth of practical information, and be more than "a piss up".

Westpac Offers $1,000 Cash Back For New Home Loans

Firing another salvo in the home loans banking war, Westpac today announced it is offering $1,000 credit into a Westpac Choice account on new Premier Advantage Package (PAP) home loans over $250,000 until the end of October.

Heritage Oil Gains Access to Libyan Oil

Despite the ongoing unrest in Libya, Heritage Oil Plc, an independent upstream exploration and production company acquired a majority stake in a oil company that will allow it to tap Libyan oil .

Kmart Dismisses Threat of Online Retailers

Although Australian consumers do not trust store discount sales which drives them to online retailers, Kmart Managing Director Guy Russo insisted on Wednesday that online stores does not pose a threat to the company.

The Trouble with the iPhone 4S

Tthe biggest problem with the iPhone 4S is that it is an iPhone. They are now limited to thinking what they can cram into the iPhone form.

Facebook Tops 800 Million Members

Google+ removing the invitation requirement to become a member of the newest social networking site apparently failed to make a dent on Facebook's membership.

Greeks Show Strong Disapproval of Austerity Measures

The threat of escalating mass actions looms as more Greek workers are joining work stoppages to declare their vehement objection against the 6.6 billion euro austerity plan of Prime Minister George Papandreou.

Gold Speculation? Here Come The Chinese

By Greg PeelAt the close of trade last Friday, the CME Group announced it was raising the margins required for trading in gold, silver and copper futures contracts on Comex.

Australia's Services Sector Stays in Positive Territory in Sept

The services sector stayed in positive territory in September with the latest seasonally adjusted Australian Industry Group/Commonwealth Bank Australian Performance of Services Index (Australian PSI®) down a slight 1.8 points to 50.3 indicating activity continued to expand in the month.

Australia Stock Market Report- Morning - 10/05/2011

MORNING REPORT (7am AEDT)US Federal Reserve Chairman Ben Bernanke has pledged to take further steps to support an economy that was ´´close to faltering´´. Bernanke was providing testimony to the Joint Economic Committee.

Global Markets Overview - 10/05/2011

U.S. stocks staged a fierce comeback in the final minutes of trading on a report that European Union finance ministers are examining ways of co-ordinating recapitalizations of financial institutions. The Dow Jones Industrial Average was recently up 22 points, or 0.2%, at 10678, after earlier falling as much as 251 points.

No iPhone 5: Why Apple Released iPhone 4S Instead

Apple Inc. finally unveiled a new iPhone Tuesday. The event marks the first time Tim Cook took center stage after succeeding the ailing showman and visionary Steve Jobs. It was supposed to be a photo-op showing Jobs pass his magic and charisma on to the new CEO. What would follow would be record sales for the iPhone 5.

Rates: November Cut On The Cards

Stand by for the mother of all speculative binges about whether the Reserve Bank will cut interest rates at next month's board meeting.

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