Result Page 357 for Latest Business News & Archive

Retailer Woes: Weak Sales Figures and High Rent Costs

As major Australian retailers absorb the ongoing crunch in the sector, players also point the blame on rent fees that further sap away the measly margin, if any, they were able to make.

Qantas Pilots Gaining More Support Online

The Australian and International Pilots Association (AIPA), which has been focussing its protected industrial action on raising awareness of the Qantas management plan to offshore jobs, is today marking the two month anniversary of qantaspilots.com.au by thanking the 50,000 individual Australians who have visited the site since its launch in July, and the 22,000 who have signed the online petition to keep Qantas pilots in the cockpit.

Home Buyers Ultimately Pay For Planning Delays: UDIA

Critics of the Victorian Government plan to expedite cases through the Victorian Civil and Administrative Appeals Tribunal (VCAT) were attacking housing affordability and employment opportunities of thousands of Victorians, the Urban Development Industry of Australia warned today.

Aussies Now Choosing Property Location Over Size

When it comes to property, Australians are starting to choose location over size, according to new Grattan Institute research.

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Samsung Files Countersuits Against Apple in Australia and Germany

Unable to market in full swing its line of Galaxy tablet computers due to global legal disputes with giant tech firm Apple, South Korea’s Samsung Electronics asked Australian and German courts to invalidate an earlier ruling from a German court that prevents the consumer electronic maker to sell its new products internationally.

Samsung Files Countersuit Against Apple in Australia

Samsung Electronics Co. filed a countersuit against Apple in Australia, while also appealing a German court ruling, intensifying a global legal dispute between the two tech companies.

Qantas Cancels 28 Flights, Delays 27 Ahead of Tuesday Strike

The four-hour walk-out of about 3,800 baggage handlers, ground staff and caterers of Qantas is scheduled Tuesday, but a day ahead of the work stoppage, the air carrier canceled on Monday 28 flight and delayed 27 more by up to 35 minutes.

Premier Investments Registers 49% Profit Decline in Retail Businesses

More confirmation of the weakness of Australia's retail industry came out on Monday as investment firm Premier reported a 49 per cent drop in profit for its retail businesses.

Second Theft in a Week Hits McDonald’s Drive-thru in Sydney

A McDonald's drive through in Sydney suffered its second robbery within a span of one week.

Icarus Signal New Entries For Today

Daily update on share prices and consensus price targets.By Rudi Filapek-VandyckLooked at from one perspective, the chart below shows that even when it comes to defensive yield plays in the Australian share market, timing counts.

Indian Billionaire Wants to Acquire Stake in Rinehart Mines

Indian billionaire G.V. Krishna Reddy wants to acquire a stake in Hancock Prospecting, owned by Gina Rinehart, Australia's richest woman. He agreed to pay $1.26 billion to acquire a 79 percent share in the coal assets, Bloomberg reports.

Has Gold Peaked (For Now) ?

Gold Chart Setup Signals Important Top Below US$1900 FigureBy Ilya Spivak, Currency StrategistTHE TAKEAWAY ? Gold technical positioning suggests prices have formed a major top below the $1900/oz figure, implying a drop of over 9 percent decline over the coming days and weeks.

Global Markets Overview 09/19/2011

U.S. stocks rose Friday, posting gains on each day of the week amid hopes that Europe's debt crisis won't spiral out of control. Friday, the Dow Jones Industrial Average gained 75.91 points, or 0.7%, to 11509.09, and finished the week up 4.7%.

New York Police Blocks Wall Street Protesters

Some 1,000 people marched towards the financial district of New York City on Saturday to protest what they call a financial system that favors the rich but state police prevented them from coming near the New York Stock Exchange and from taking over the iconic Wall Street Bull statue.

Siemens To End Nuclear Power Plant Business

Siemens AG, Europe's largest engineering firm, will be totally out of the nuclear power station business, according to its top honcho Peter Loescher.

Western Australia, China Forge Trade Agreement

The Western Australian Government and China’s key economic planning body have agreed to work together to promote bilateral business and investment, according to WA Premier Colin Barnett.

Rio Tinto Cuts Debt Costs, Boosts Pilbara Investment

Anglo-Australian miner Rio Tinto has capitalized on near record-low yields to slash debt costs as company bond sales in the US this month reached $40 billion while Australia’s market remains frozen.

PS Vita Released in December to Answer Ultimate Question [Photos]

Amid a suggestion by a Sony PSP ad that smartphones should only be used for "texting your grandma", maybe Nintendo just made a bad product, and a device that shows three-dimensional images without the glasses are not what gamers are looking for. This would not be surprising, as prior to the success of the Wii console, Nintendo had its share of missteps.

British Fashion Brand ASOS Lures Australians with Free Shipping Online Shop

Britain's largest online fashion retailer ASOS is set to lure Australian shoppers with a standalone website down under.

Apple's iPhone 5: When Weeks Turn Into Months, and Vice Versa

From highly anticipated, the iPhone 5 is turning out as old and out of style, i.e. if you believe Martin Fichter, acting president of HTC America. He says that iPhones are not that cool anymore as his daughters college classmates are now touting Android phones from Samsung Electronics and HTC.

Watch Out for the BlackBerry PlayBook on Sale at Only $99 Apiece

Canada-based Research In Motion Ltd. might share the same fate.When PlayBook was released, RIM's best-case scenario was it would be able to sell a tablet version of the BlackBerry. The worst-case scenario, was like the others, RIM's tablet couldn't gain ground against Apple Inc.'s iPad.

Chevron Signs Deal to Sell Wheatstone LNG to Kyushu

Chevron’s Australian subsidiaries have inked a sale and purchase agreement with Kyushu for the delivery of liquefied natural gas (LNG) from the Wheatstone Project in Western Australia.

Samsung Manager Admits to Leaking Insider Information on iPad

An ex-Samsung manager has admitted that he leaked early information about the iPad to representatives from an "expert network" firm and a hedge fund

U.S. Domestic Flights Full; Expect a Close-Packed Fall

Major US airlines announced Tuesday they would limit available seats to reduce the airlines' costs while driving up ticket prices. Airline stocks went up following the announcement.

Troubled Ford Unveils Re-engineered, Greener Falcon Sedan

The Falcon is on the slide, in terms of overall sales since last year, according to Ford Australia but the carmaker remains optimistic that the setbacks it incurred in the local market during the past few quarters would be reversed by the entry of its newly-overhauled flagship sedan.

Myer Spending $9 Million for New Web Site

Australian retailer Myer is spending $9 million on a new website aimed at making the store the country's largest online department store. Myer targets to generate up to $40 million in annual sales from the new portal.

Qantas Prepares For Workers’ Strike: Kangaroo Faces Rebellion

More than 3000 Qantas staff plan to stop work on Monday September 20. The planned industrial action is to take place in the morning peak period in most airports around Australia, which will last four hours.

Facebook Postpones IPO to 2012 for Missing Revenue Target

Facebook is postponing its initial public offering (IPO) planned in October or November and will go public late next year instead.

The Masters Of Hardware Hell

- Woolworths hosts analysts tour of Masters store- Initial reactions mixed- Citi suggests currency guidance for Masters is conservative- Brokers ratings for Woolworths unchangedBy Chris ShawWoolworths ((WOW)) has opened its first Masters home improvement store in Braybrook, Victoria, and the company...

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