BUSINESS

Santos finds oil in Carnarvon Basin, WA

Oil and gas producer Santos has discovered oil at Finucane South in the Carnarvon Basin, offshore Western Australia. Well logs and wire line testing have confirmed a net oil column of 18 metres in excellent quality reservoir sands in the Angel Formation, the company said.

Bing’s never ending struggle with Google

Google has long been a thorn in Microsoft's side especially in the search engine market. When Microsoft launched Bing in 2009, the company thought it could easily catch up with Google. It didn't quite succeed as well as it hoped.

Australian Stock Market - Midday 05/25/2011

The Australian sharemarket is pulling back once again, with the All Ordinaries index (XAO) down 0.7 pct or 30.8 pts to 4677.5. Almost all sectors are weaker now than they were at this time yesterday and the financials are the worst performers at lunch.
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Samsung Galaxy S Oovertakes the Apple iPhone in Japan

Galaxy S smartphones from Samsung outsold Apple iPhones in Japan during Q1 2011, which places Samsung in the ranks of the top four handset vendors of Japan for the first time, according to Strategy Analytics. Android smartphones are now outselling iOS smartphones in Japan.

Standard & Poor's announces changes to U.S. indices

S&P will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices. Alpha Natural Resources Inc. (NYSE: ANR) will replace Massey Energy Corp. (NYSE: MEE) in the S&P 500 index after the close of trading on Wednesday, June 1. Alpha Natural Resources is acquiring Massey Energy in a deal expected to be completed on or about that date pending final approvals.

Advent's Geneva 8.5 empowers global hedge fund industry

Advent Software, Inc., a leading provider of software and services for the global investment management industry, today unveiled a major new release of Geneva, Advent's award-winning global portfolio management and fund accounting solution.

Investors keep up their search for safety in mid-May

Risk appetite continued to wane during the week ending May 18 as investors digested a fresh round of lukewarm-to-cold macroeconomic data, fresh speculation that Greek debt will be restructured and the fact that the official end to the US Federal Reserve's QE2 program is now less than eight weeks away.

Results: Reckon, Ruralco, HLG

Shares in accounting software provider Reckon Ltd fell 3% yesterday after the company's annual meeting heard the company is seeing improved business conditions in 2011 as demand for its products recovers.

Investors Outlook On Emerging Markets, Robust

Capital is continuing to move into emerging market bond funds, reducing the cost of borrowing for developing countries and reducing the significance of the Western financial system.

Market Buzz: The Big Players Turn Bullish Again

The last week saw sharp declines in commodity prices and equity markets, with oil taking a big hit as Eurozone worries rose to the fore. After the drop in oil prices, which many analysts point out was merely correcting the speculative rise in prices, oil is once again trending upward.

Apple bolsters patent portfolio with 200 patents from Freescale

Apple has beefed up its patent portfolio, apparently obtaining the rights to about 200 patents formerly held by Freescale Semiconductor. The patents cover a range of technologies, from Wi-Fi to cellular data and data encoding, some filed as late as 2010.

Can Woolworth’s new contactless payWave payment system work?

Visa announced that supermarket giant Woolworths has agreed to use its new contactless payWave payment system. Visa's new system allows customers to make purchases of under $100 without signing or using a PIN. This new system has raised valid security concerns with industry insiders.

World Market Overview 05/25/2011

The Australian share market closed slightly lower on Tuesday but bounced back from earlier lows caused by concerns about European sovereign debt.

Apple stores goes hi-tech with iPad2

Apple stores have a basic set-up. You go in the pristine environment and everything is neatly organized by each product. The iPods, iPhones, MacBooks and iPads are all arranged in their own sections and next to each product is a small piece of paper enclosed in plastic that shows the product's specs and price. Apple has decided to do away with this piece of paper and is now going hi-tech by replacing this with iPad 2s.

Aussie forest industry mixed; strong A$ weighing down exports

Australia’s forest industry showed mixed signals in the 2009-10 financial year with softwood log harvest up, housing starts increasing, broadleaved plantation harvest remaining constant, and a further decline in broadleaved native log harvest and woodchips exports.

Jetstar cuts costs by introducing automatic check-in scheme

Come November, Jetstar passengers will be confronted with electronic self-service tools as they print their own tickets and tag their own baggage. This campaign is included in the new cost-cutting measures from the low budget airline.

Commbank slackens staff’s social media policy

The Commonwealth Bank of Australia (ASX: CBA) has finally relaxed its tough rules towards employees using social media, following pressure from bank employees to amend heavy-handed elements of the policy.

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