US consumer spending rose by 0.8pct in July - marking the fastest pace in five months. The pickup in spending was supported by strong demand for motor vehicles as Japan related supply restraints faded. When adjusted for inflation spending was up 0.5pct, the largest increase in 18 months.
U.S. stocks rallied Monday in some of the thinnest trading of the summer, highlighted by gains for insurers amid relief over Hurricane Irene's relatively light touch on major cities. U.S. stocks rallied Monday in some of the thinnest trading of the summer, highlighted by gains for insurers amid relief over Hurricane Irene's relatively light touch on major cities.
While consumers are eagerly waiting for the release of the iPhone 5, a special effects company has created a stunning new iPhone design concept video which could be the future of the highly popular smartphone.
Samsung Electronics Co. has agreed on Monday to postpone the launch of its Galaxy Tab 10.1 in Australia until the last week of September because of the court hearing going on in the country.
Samsung of Korea has agreed to delay the launch of its GalaxyTab 10.1 in Australia pending the resolution of the patent dispute. Samsung, however, said it will file a cross claim against Apple in the next few days
The board of Tiger Airways has appointed a new boss, Chin Yau Seng, former CEO of Silk Air to replace Tony Davis as CEO who is set to leave the company on November 1.
By Richard (Rick) MillsAs a general rule, the most successful man in life is the man who has the best informationCountry Risk - Where the political and economic stability of the host country is questionable, and abrupt changes in the business environment could adversely affect profits or the value o...
US Federal Reserve chairman Ben Bernanke didn´t unveil fresh stimulus measures in a speech delivered on Friday but said that the central bank was ready to use additional tools to boost growth. The September policy meeting has been extended to two days to consider new measures.
U.S. stocks closed higher in whipsawed trading Friday as investors applauded Federal Reserve Chairman Ben Bernanke's stern remarks about the struggling economy and his decision to leave the door open for additional accommodative measures.
(This story was originally written and published on Wednesday, 24th August, 2011. It has now been re-published to make it available to non-paying members at FNArena and to readers elsewhere).
The Federal Court's dismissal of an application by the Australian Competition and Consumer Commission (ACCC) has enabled Metcash to proceed with its acquisition of the Franklins chain of supermarkets from Pick ‘n Pay.
Dun & Bradstreet reports that business failures reached nearly 3,000 in June quarter and if the trend continues, the number of insolvencies this year may reach more than 10,000 surpassing last year's figures
The GPT Group has programmed total investments of $3.3 billion aimed at strengthening the company's business.
Debit cards are set to be the most commonly used payment method, surpassing cash and credit cards, if younger generations have anything to do with it.
The NSW Aboriginal Land Council has expressed disappointment at Qantas Airways after the Australian airline awarded prizes to two men for dressing up in “Blackface” at the Bledisloe Cup over the weekend.
Australian Coal Association boss Ralph Hillman is retiring end of August 2011. Hillman was appointed as Executive Director of the ACA in August 2007
Here are top 10 stupid and lamest reasons why Steve Jobs is leaving the limelight before the iPhone 5 is unveiled.
People are now asking -- who will be the next Steve Jobs?
The Australian Bankers Association is endorsing statements by the Reserve Bank governor that the Australian economy is in a good position to weather heightened global uncertainty, partly due to solid, safe and healthy banks.
Despite pulling the TouchPad from production, Hewlett Packard is offering TouchPad owners free apps for the device.
A not-for-profit national organisation dedicated to promoting the use of solar energy in Australia today called for all components of the Clean Energy Future package to be passed into law by the end of 2011.
Consumers have undergone a 'quantum shift' toward online transactions, Firstfolio has suggested.
Banks are failing to differentiate on customer service, a survey has indicated.
Amid all the talk and dire headlines about the decision by BlueScope Steel to close two plants and sack 1,000 people this week, there's been very little examination of just what's happening to steel demand.
Australia's two-speed economy is evident in the building sector, industry advocates have claimed.
By Greg PeelThe Dow fell 170 points or 1.5% while the S&P dropped 1.5% to 1159 and the Nasdaq lost 2.0%.
U.S. stocks dropped Thursday after three days of sharp gains as Warren Buffett's $5 billion investment in Bank of America failed to stoke investors' appetite for risk ahead of Federal Reserve Chairman Ben Bernanke's speech Friday.
It shouldn't have been all that unexpected that the guidance for the current 2012 financial year from giant retailer Woolworths would not be up to its previous high levels of sales and profit growth.
Tonight we get an update on the strength of the US economy and a much awaited speech from Fed chairman, Ben Bernanke which some in the market reckon will reveal a new move to stimulate the slowing economy.
The world might have recovered a bit from the recent news of Steve Job’s resignation from Apple Inc. As Chief Executive Officer. It’s a good time to focus on the man who will be filling his shoes, Apple’s former Chief Operating Officer, Tim Cook.