BUSINESS

Google, Facebook Now Dissuade Aliases on Profiles

Google and Facebook have urged people to sign up using only their real names while those who use aliases are banned. Although internet analysts see only commercial goals, such as users-advertisers matching, as a reason behind this move, dissuading the use of aliases might prove some good points to consider.

Survey Shows Australians Favor 30% Minerals Resource Rent Tax

An online survey released Monday found that 46 percent of Australians favor the government planned 30 per cent minerals resource rent tax (MMRT). The survey by Essential Research said 34 per cent are against the MMRT, reported the Herald Sun.

Uranium Finds Support

By Greg PeelThe week before last saw industry consultant TradeTech's spot price indicator for uranium fall to US$48.

$A Plummets Amidst Debt Crises in Europe

The Australian dollar suffered at early morning trade treading the range of 105.52 to 105.60 cents path against the U.S. dollar but is expected to trade higher by mid-day in anticipation of the RBA meeting to deliberate on the cash rate on Tuesday afternoon.
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Is Samsung Winning the War Against Apple?

Samsung was forced to pull out the Galaxy Tab 7.7 from the world's largest consumer electronics show after a court in Germany promptly granted Apple's request for an injunction. This was the same court that gave a ban of the sale and promotion of the Galaxy Tab 10.1 in 26 of the 27 European Union member countries, although the ruling was scaled back only to Germany on jurisdictional issues.
Carlo Fernandez Sep 06, 2011

Spanish Shipbuilder Docks in Australia

Navantia, the Spanish shipbuilder undertaking the construction of Australia’s new Air-Warfare Destroyers (AWD) and two amphibious ships (LHD), says it will establish a wholly-owned Australian entity under the corporate name, Navantia Australia Pty. Ltd.
Sharon Olalia Sep 05, 2011

Spanish Shipbuilder Docks in Australia

Navantia, the Spanish shipbuilder undertaking the construction of Australia’s new Air-Warfare Destroyers (AWD) and two amphibious ships (LHD), says it will establish a wholly-owned Australian entity under the corporate name, Navantia Australia Pty. Ltd.
Sharon Olalia Sep 05, 2011

WA Businesses Face Gloomy Prospects

Business confidence has taken a beating in Western Australia, with many small businesses concerned that people are not spending.
Sharon Olalia Sep 05, 2011

No Exit: Are Loan Exit Fees a Bad Thing?

Mortgage exit fees have drawn a lot of discussion recently, with the Federal Government announcing its plan to legislate against them (one of a range of proposed banking reforms) and the NAB offering to reimburse the exit fees of borrowers who switch to it.
Kimmy Peterson Sep 05, 2011

Westpac Brands Slash Fixed Home Loan Rates

Westpac's subsidiary brands, St. George, BankSA and Bank of Melbourne have cut two-year fixed rates on their package products by 15bps to 6.44 per cent, and reduced their three-year rate 5bps to 6.54 per cent.
Sharon Olalia Sep 05, 2011

Australia's Retailers Must Be Exempt from Weekend Penalty Fees

Australia's Retailers Association's executive director Russell Zimmerman, has appealed for the abolition of paying employees time-and-a-half on Saturdays and double-time on Sundays, to maintain the industry's competitiveness amidst the backdrop of a low consumer spending environment in the country.
Kay Aviles Sep 05, 2011

Standard & Poor’s Retains Queensland’s AA+ Credit Rating

Ratings agency Standard & Poor's retained on Monday the AA+ credit rating of Queensland. The basis of keeping the stable rating was the state's healthy and diversified economy and very good financial management.
Vittorio Hernandez Sep 05, 2011

Online Stores Complain of Bullying by Large Retailers

Smaller online stores in Australia are complaining of bullying tactics adopted by retailers, according to online giant eBay which submitted an inquiry with the Productivity Commission (PC).
Vittorio Hernandez Sep 05, 2011

Profits of Aussie Firms Rose 6.7% in Q2

In spite the persisting low consumer demand, Australian companies have recorded a 6.7 percent growth on their gross profits, according to the seasonally adjusted data from the Australian Bureau of Statistics.
Kay Aviles Sep 05, 2011

Angry Birds Loyalty Promotions Coming to Nearest Retail Shops

Alastair Macdonald, TCC regional director, Australasia, said the company has secured the global license for loyalty promotions in the grocery, convenience and petrol retail category for the Angry Birds game franchise. This means Angry Birds, Angry Birds Seasons and Angry Birds Rio may be used in the said establishments' loyalty promos to attract shoppers of any age, gender and profession.
Arlene Paredes Sep 05, 2011

US Postal Service Nears Extinction

The United States Postal Service faces insolvency due to continuing losses due to the shift to the digital age. Is there a way to save this U.S. institution?
Alena Flores Sep 05, 2011

James Murdoch Declines US$6M Bonus

James Murdoch declined a bonus amounting to almost $US6 million ($5.63 million) because of the phone hacking scandal at the defunct UK newspaper News of the World. He was supposed to get a payout of $US17.9 million, inclusive of the $US6 million bonus and $US8.3 million in stock awards. James' bonus was set to increase his compensation package by 74 per cent. Without the bonus, his remuneration will rise 16 per cent to $US11.9 million.
Arlene Paredes Sep 05, 2011

Paladin Disappoints

- Paladin result falls short of expectations- Net debt increasing, cash on hand also fell- Corporate appeal a positive- Opinions on Paladin remain dividedBy Chris ShawUranium producer Paladin has disappointed the market with full year earnings, reporting a larger than expected loss for FY11 of US$82...
Admin System Sep 05, 2011

Australia's Employers Prefer Internet Job Ads

Australia's employers have opted to advertise online rather than on newspapers, according to the latest survey conducted by ANZ Bank, which showed a a monthly and annual decline indicative of a persistent sluggish economic growth.
Christine Gaylican Sep 05, 2011

Analysts Forecast No Interest Rate Hike for 2011

Analysts forecast on Monday that the Reserve Bank of Australia will not increase interest rates for the rest of 2011. They based their prediction on reports that inflation rate dropped 0.1 per cent in August.
Vittorio Hernandez Sep 05, 2011

Australian CEOs Collect Double Pay Perks

The roller-coaster movement of share market values over the past 10 years were generally unpredictable for investors but such is not the case for most of Australia’s chief executives, who according to a new report were largely shielded by solid pays and bonuses notwithstanding the overall economic condition.
Erik Pineda Sep 05, 2011

Brokers Fight Against Branding

Independent brokers may bristle at the idea of coming under the umbrella of a brand, an MPA Top 100 Broker has claimed.
Jamelle Agbuis Sep 05, 2011

Kiwi Man Chokes to Death Aboard Jetstar Flight

Passengers of Jetstar who flew with a dead Kiwi male on board the trip from Singapore to Auckland were offered by the air carrier $100 as compensation. The offer was in the form of travel vouchers.
Vittorio Hernandez Sep 05, 2011

Housing Market 'Swan Dive' Nears

Economist Steve Keen has predicted that a housing market price 'swan dive' is about six months away.
Jamelle Agbuis Sep 05, 2011

Dates: Some Big Events And Data Releases, Carefully Watch Europe

While August was a rough month for stockmarkets, investors and governments in Europe, Japan and the US, the coming week is shaping up as a nasty replay and reminder of that instability with Australia, Europe and the US are each facing a major test of sentiment.
Jamelle Agbuis Sep 05, 2011

Some Predictions For The Rest Of The Decade

By Michael PettisMarkets have been crazy this month, but rather than try to wade through all the news, much of which doesn't seem to have much informational content, I thought I would duck out altogether and instead make a list of things I expect will happen over the next several years.
Admin System Sep 05, 2011

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