Global Markets Overview 08/16/2011
U.S. stocks advanced Monday, wiping out last week's losses, as corporate deal making helped send the market to the biggest three-day winning streak since March 2009. The Dow Jones Industrial Average finished 213.88 points higher, or 1.90%, to 11482.90, closing near session highs for a third straight advance.
Google's $12.5-B Purchase of Motorola Could Threaten Android, Partners
Google Inc. (NASDAQ: GOOG) signed a deal to acquire Motorola Mobility Holdings, Inc. (NYSE: MMI) total of $12.5 billion. While Google has assured that the Android will continue to be open source, and thus available to other smartphone makers, questions remain as to how Google will beef up its newly owned Motorola when the Android platform is also being 'freely' made available to Motorola's rivals.
Acer Iconia: Tablet/Smartphone Hybrid and Mommy's Tablet Finally Out
Acer Group Inc., the Taiwanese firm known for the Aspire desktops and laptops, is joining the tablet war with its the 7-inch Acer Iconia Tab and is hoping to cash in the surging demand for smartphones with the wild looking Acer Iconia Smart.
More news
Virgin Australia Launches Canberra-Sydney Capital Connect Services
Virgin Australia launched on Monday its Capital Connect daily shuttle services between Canberra and Sydney, which offer up to 10 return services each day between the cities with guests receiving complimentary in-flight snacks and drinks.
Leighton Posts Massive Loss, Hopes to Bounce Back with $46B in Projects
Leighton Holdings Ltd (ASX: LEI) posted an after tax loss of $409m for the 2010/11 financial year, but targets to bounce back with its string of new projects on hand.
REPEAT Rudi's View: Ask The Experts (?)
(This story was originally published on Friday, 12th August, 2011. It has now been repeated to make it available to non-paying members at FNArena and to readers elsewhere).
China's Bright Foods to Acquire Australia's Manassen
Australia's manufacturing firm Manassen Foods has been reported negotiating a deal with China's second largest food company Bright Food Group Co.
Surge in Gold Prices Lifts Newcrest’s Profits
Newcrest Mining, Australia's biggest gold producer, has posted a 63 percent jump in its annual profit, driven by higher gold prices and the acquisition of Lihir Gold last year.
Breakthroughs to Boost Solar Power Ahead of Coal
While Washington was busy holding the global markets hostage and placing billions in badly needed R&D funding on the chopping block, a new report from REN21
Markets: Mad Week Gone, This Week?
For the first time in a fortnight, investors will start the trading week without the threat of a major market slump.
DIARY: Australian Profits To Dominate, Hopefully
It's another big week for the markets and economy here and offshore. Will the markets settle, or will we face more of last week's craziness?
Commodities: Gold and Oil Have Stories To Tell As Well
Gold and oil both finished a difficult week down at the close on Friday for differing reasons.
iPhone 5 Announcement in September? New Signs Point to October
In spite of industrywide speculation that Apple will announce the next-generation iPhone on September, new reports have moved the launch back to October.
Australian Stock Market Report - Morning 08/15/2011
US retail sales rose by 0.5pct in July - the biggest gain in four months - and in line with the consensus forecast. Excluding autos, sales rose by 0.5pct - above the consensus forecast of a 0.2pct rise. But consumer sentiment fell sharply to a 31-year low in August, dropping from 63.7 to 54.9.
Global Markets Overview 08/15/2011
U.S. stocks closed higher Friday as an upbeat retail sales report trumped a weak reading on consumer confidence, capping one of the most volatile weeks in Wall Street history.
Pre iPad 3 Launch: Lessons for Rivals to Gain Ground
There are more iPads rival tablets sitting in warehouses and stores than current demand for those products. What can rivals learn to advance? Perhaps a review of Economics 101 would give more than just clues to the iPad's success.
Cameron Proposes Plans to Block BlackBerry, Social Media After Riots
Prime Minister David Cameron said on Thursday that government was considering blocking the use of social media services like FaceBook, Twitter, BlackBerry Messenger to prevent riots.
Aussie Pilots Group Congratulates Virgin Fliers for Pay Rise
Virgin Australia pilots have secured pay rises of up to 28 percent. The Australian and International Pilots Association, which represent Qantas long-haul pilots, has today congratulated VIPA - the union representing Virgin Australia and V Australia pilots - and Virgin Australia CEO John Borghetti for successfully negotiating the airline’s first enterprise agreement.
ASIC Demands More Disclosures on CFDs
Australia's securities watchdog released on Friday a new guidance that demands more disclosure on some investment instruments that lures a lot of investors because of the promise of high returns.
Rupert Murdoch Won’t Pass His Crown to James after Phone-Hacking Scandal
Media mogul Rupert Murdoch gave his most explicit statement yet on who will succeed him as News Corporation chief and it is not James.
Australia's New OHS Law Scrimps on Excuses
New Occupational Health and Safety (OHS) laws are set to be rolled out on 1 January 2012, and contain fundamental shifts from what has been mandated in the past.
More Growth For Domino's Pizza
- Domino's Pizza FY11 result better than expected- European operations improving, impacted by forex moves- FY12 guidance suggests more solid growth- Brokers lift forecasts, targets and ratingsBy Chris ShawAfter guiding to a 15% increase in earnings for FY11, full year net profit for Domino&apos...
GS1 Launches New Online Food Recall Portal Service
GS1 Recallnet, a new national product recall service to remove potentially harmful grocery, food, liquor and other products from the supply chain, was launched Australia-wide August 10, 2011.
Reports: Telstra Shares Surge On Better Performance
Suddenly the same analysts and 'experts' who have been negative on Telstra, are fans after the company reported a smaller than expected fall in earnings for the year to June 30; a result that included rising revenues and profits from mobile phones and telecoms.
The Overnight Report: Heads ? Let's Buy!
By Greg PeelThe Dow rose 423 points or 4.0% while the S&P gained 4.6% to 1172 and the Nasdaq jumped 4.
Will The RBA Cut Rates?
By Greg Peel"Citi economists are mindful that declining confidence could see activity weaken further and consider a cut in rates possible, though it isn't in their forecast, and they expect any easing would be fairly limited, given the economy's still strong medium-term outlook".
Feature: China Anchors Asian Growth Drive
Another month of Chinese economic data (which was dribbled out in a surprisingly vague manner over a number of days) tells us that growth engine of the global economy remains beating and performing well.
Global Markets Overview 08/12/2011
U.S. stocks notched a massive advance Thursday, as investors seized on favorable corporate and economic reports to recover most of the ground they lost in the previous session.
Box.com: New Tablet Apps for Honeycomb, PlayBook, HTML5
Web-based file storage and content sharing service Box.net on Thursday unveiled three new apps for the tablet world: one for Android Honeycomb, one for BlackBerry PlayBook, and one for HTML5-compatible browsers.
Australia Stock Market Report - CLOSE - 08/11/2011
It was another interesting session on the Australian share market, as investors reacted to fresh sovereign debt worries out of Europe and a surprise rise in the local unemployment rate. The All Ordinaries Index (XAO) fell 1.5pct on open, outperforming near 5pct losses witnessed on Wall Street overnight.
Woolworths Launches iPhone App for Shopping Ease
Supermarket chain Woolworths is taking grocery shopping to another level by launching an iPhone App that aims to make it easier to navigate through Woolies with an aisle ordered shopping list.
Animal Rights Activists Drumbeat Clamor to End Live Cattle Exports
Australians campaigning for animal rights will rally across the country on Sunday, August 14, in support of legislation that will determine the future of the live export trade. This comes after the first shipment of cattle since the lifting of the live export ban to Indonesia left the Port of Darwin on Wednesday and the government announcing a new package of subsidised loans and grants to cattle producers affected by the suspension of trade.
What Stood Out in CBA's Year-End Results
Well, looking at yesterday's Commonwealth Bank full year result, several points stand out.
Pages
Editor's Pick