BUSINESS

The Overnight Report: Weary Wall Street

By Greg PeelThe Dow closed up 4 points while the S&P rose 1 point to 1193 and the Nasdaq fell 0.5%.The Nasdaq was lower last night largely due to a weak lead from PC manufacturer Dell, which provided disappointing third quarter guidance after the bell on Tuesday night.

How Bad Was Last Week's Sell-Off?

By Kathleen Brooks, Research Director EMEA Forex.comAfter the extreme volatility of last week now is a good time to take stock and consider any technical ramifications of the wild moves in the markets.

Global Markets Overview 08/18/2011

U.S. stocks eked out a slight gain as investors weighed earnings from some high-profile retailers against signs of rising input costs and continued dissatisfaction over efforts to find a solution to Europe's debt woes.
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Microsoft Starts Blog Detailing Windows 8 Changes

Anyone eagerly waiting for the release of Windows 8 would want to check out Microsoft's new blog, Building Windows 8 which will streamline communications between developers, customers and manufacturers.

Australia's Only Solar Panel Factory Not Shutting Down

Silex Solar, the only Australian company which manufactures solar cells, will continue to manufacture solar panels at its Sydney Olympic Park plant. ABC earlier reported the company will stop making the cells at its western Sydney facility due to the "very tough market".

Sony Cuts PlayStation 3 Price by 17%

Sony is cutting the price of its PlayStation 3 gaming console by $50, in a move designed to drum up more demand for the 5-year old console as competitors like Nintendo also slashed prices on their gaming consoles.

Icarus Signal New Entries For Today

Daily update on share prices and consensus price targets.By Rudi Filapek-VandyckLeighton Holdings ((LEI)) enjoyed a combination of a favourable market response to its released financials as well as reduced valuations and price targets this week.

Uranium Thin And Weak

By Greg PeelIt was three weeks ago when industry consultant TradeTech noted expectations from uranium market participants that buying interest would be limited for the time being.

Sony Cheapens PS3 or Boosts HDD Size

Sony Computer Entertainment lowered the worldwide price of its PlayStation 3 by another $50 on Tuesday, knocking its 160GB model to $249, and its 320GB model to $299.

Australian Stock Market Report - Morning 08/17/2011

US housing starts fell by 1.5pct to a 604,000 annual rate in July, in line with expectations. US industrial production soared by 0.9pct in July, well above forecasts centred on a gain of 0.5pct. Capacity use jumped from 76.9pct to 77.5pct.

Global Markets Overview 08/17/2011

U.S. stocks fell Tuesday after three straight sessions of sharp gains, as investors expressed disappointment over proposed measures from European officials to strengthen euro-zone fiscal governance.

Westpac Posts Lower Earnings, Likely to Slash Jobs

Major Australian bank Westpac Tuesday reported $1.55 billion in cash earnings for April, May and June, down about 2 percent on the average for the first two quarters. Reported net profit after tax for the same period was approximately $1.45 billion.

Australia Stock Market Close 08/16/2011

MARKET CLOSE (4.30pm AEST)The Australian sharemarket pulled back in the second half of trade to wipe out a portion of yesterday's stellar gains. The ASX 200 index (XJO) fell 0.8 pct or 35.6 pts to 4247.3 while the broader All Ordinaries index (XAO) dropped 0.7 pct or 29.5 pts to 4317.3.

How the Google- Motorola Deal Affects You

Google acquiring Motorola Mobility, the maker of Droid smartphones and Xoom tablets for $12.5 billion has shocked the tech industry but what does it mean for the end user? Will the Google and Motorola merger even affect the ordinary user on the street?

Qantas Moves to Cut 1000 Jobs; Angers Unions

Australia’s flagship airline Qantas has announced wholesale changes that will see the loss of 1000 jobs as it cuts international routes, retires four Boeing 747s and delays the delivery of six Airbus A380 superjumbos by up to six years.

iPad 3 Postponed over Retina Display Glitch?

Sources inside Apple's supply chain partners say the company has canceled plans for an iPad 3 launch later this year because of production constraints on the Retina Display, DigiTimes reports.

Steady RBA More Likely

By Greg PeelIt is fairly clear from the RBA's August monetary policy statement that the board approached the meeting with the intention of raising Australia's cash rate in a pre-emptive attack on inflation expectations, as it has been flagging for some months.

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