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Global Markets Overview 06/21/2011

A pledge by European leaders to head off a Greek debt default helped push U.S. stocks higher Monday, easing the market's recent sovereign-debt jitters.

LulzSec, Anonymous team up to steal and expose government secrets

Anonymous, the hacker collective famous for performing cyber attacks as public retribution, has reportedly teamed up with LulzSec, the hacker group that attacks mostly for entertainment, for a mission going by the title AntiSec (Anti-Security) which seeks to expose any government-classified information that can be stolen.

Housing stock falls short of desires

Australians are ready to opt for housing types outside the traditional "detached home on a large block" stereotype, according to the Grattan Institute, but the housing market is not supplying dwellings to meet their needs.

Listeria found at US Kellogg bakery

The US Food and Drug Administration has found traces of listeria at an Augusta, Georgia, bakery owned and operated by US cereal giant Kellogg.

Patties donates a day of Four'N Twenty to Foodbank

Patties Foods has announced plants to donate a full day’s production worth of its iconic Four’N Twenty pies - 138,000 pies in total - to Australia’s largest hunger relief organization, Foodbank.

Worn out words

As with tennis elbow overuse will cause you pain. Alas, not just our weary elbows ache after the same activity over and over again but also our weary minds will feel the pain from management speak overuse syndrome.

Updates: Caltex Sees Lower/Higher Profit

The company claimed that under a unique measure used only by itself and the oil industry, earnings would fall 39%, but on the measure used by the rest of corporate Australia net profit is forecast to almost double for the six months to June.

Japan: Tax Reform Emerges As Trade Accounts Stays In The Red

Japan is pushing towards a radical reworking of its consumption tax as a way of boosting revenues as the country grapples with the cost of rebuilding after the March 11 quake and tsunami, a crippling deficits and rising debt which are being made worse by the costs of the country's rapid ageing.

World Market Overview 06/21/2011

The Australian stock market reversed early gains to shed three quarters of a per cent on Monday, as skittish sentiment triggered a broad-based sell-off.

Markets: US Up, Asia, Europe, Commodities Weak To Mixed

A small sigh of relief on Friday night as US sharemarkets posted their first weekly gain since April, with the S&P 500 and Dow ending moderately higher in the face of worries about Europe's debt crisis and a slowing US economy.

Northern Territory's building woes blamed on mining boom

The vaunted mining boom may have largely fueled up the national economy yet in the case of the Northern Territory, its residential construction industry appeared to have absorbed the negative impacts of the two-wind growth.

Nokia gears up to reclaim Asian market throne

Struggling with dwindling sales numbers while addressing the continued onslaught of Apple smartphones and their cheaper counterparts powered by Google’s Android, Finnish mobile giant Nokia aims to arrest its sliding market shares by refocusing its energy towards the lucrative Asian market.

Oceana's Free Option

- OceanaGold has revised its mine plan for Didipio- Brokers see this a key de-risking event- The market is ascribing no value to the projectBy Greg PeelOceanaGold's ((OGC)) core mining operations are centred in New Zealand, but the company's exciting prospect for expansion comes in the for...

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