BUSINESS

Global Markets Overview 08/23/2011

U.S. stocks registered slim gains Monday in another choppy session as bargain hunting investors scrounged for buying opportunities after four straight weeks of sharp losses.

Leighton Wins Rio Tinto Contract

Leighton says its joint venture with indigenous contractor Ngarda Civil & Mining has secured a $104 million earthworks contract for Anglo-Australian miner Rio Tinto.

Harvey Norman Offers $99 HP TouchPads

Harvey Norman has solved the problem of its leftover stock of HP's discontinued TouchPad tablet. The retailer giant offered a fire sale of the tablets at only $99 and within hours Harvey Norman had virtually sold out of its leftover stock.
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Report: Apple Triggers Initial Production of iPad 3

It’s one less competitor for the lucrative tablet market as Hewlett-Packard revealed last week its intent to shift its core operation from hardware business to a premium information technology service provider yet current market leader Apple is not taking any chances.

Asia To Drive Growth For Blackmores

- Asian growth drives solid Blackmores result- More of the same expected in coming years- Credit Suisse upgrades to a Buy on valuation groundsBy Chris ShawVitamins and supplements distributor Blackmores ((BKL)) delivered what the market viewed as a solid full year result, net profit increasing by 12...

Reference Checking Still a Recruitmen Essential

When applying for a rental property tenant history is methodically and ruthlessly checked ̶ and with good reason. There's a lot on the line if an agent accepts a tenant who goes on to trash the place.

Daily Forex Forecast 08/22/2011

The Australian Dollar appeared to have tired during the Asian session on Friday, consolidating in range-bound trade between 1.0320 and 1.0380.

Global Markets Overview 08/22/2011

U.S. stocks closed lower Friday and notched their fourth straight losing week, as investors continued worrying about a potential global recession and the health of the European banking system.

Nordstrom Opens Special Store for Charity

Nordstrom is my guilty pleasure but there is nothing guilty about the pleasure of shopping at one new Nordstrom-owned store. The store, Treasure & Bond, will open on Friday in New York City and Nordstrom has committed to donating store profits to charity. That’s right; Nordstrom will not be pocketing the profits from Treasure & Bond.

Aussie Architect's Unfair Termination for Social Media Use

Although excessive use of social media during work hours may be a valid reason for terminating an employee's employment, Fair Work Australia has found that a landscape architect who was accused of making over 3,000 transactions on a chat line during work time within a three month period was unfairly dismissed.

Adelaide Brighton Reaping Broker Upgrades

- Adelaide Brighton interim report meets expectations- Earnings guidance seen as conservative- Ratings upgraded post the resultBy Chris ShawThe market had been expecting interim earnings from Adelaide Brighton ((ABC)) of around $62 million and this was the result delivered by management.

Westpac Cuts Rates for New Home Loans

Westpac is slashing its three-year fixed-rate home loan by 0.2 per cent to 6.59 per cent as part of its Spring Home Loan Celebration. The rate cut applies to new home loans of at least $150,000.

MetaTrader 5 iPhone Officially Out

MetaQuotes officially released a new version of its MetaTrader 5 iPhone platform app for mobile trading. With the new version, in addition to broadened trading opportunities, forex and stock traders will receive full technical analysis features.

Mermaid Has Legs

- Mermaid Marine delivers strong profit result- Brokers expect more growth in FY12 as oil and gas activity expands- RBS upgrades to a Buy rating on valuation groundsBy Chris ShawProfit for FY11 of $43.

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