COMPANIES

Australian Stock Market Report – Midday 5/31/2012

Despite a positive start to the trading week, the Australian share market continues to be sold off today, and is on track to close out May with an 8.5pct drop. That would make it the worst month on the Australian share market since the collapse of US investment bank Lehman Brothers in September 2008. In early trade, the All Ordinaries Index (XAO) is down 47.2pts or 1.1pct to 4101.5. Following falls on European and US share markets overnight on more worries about the deepening European debt crisi...
More news

Gina Rinehart Makes Another Attempt for Fairfax Board Seat

Gina Rinehart, the world's wealthiest woman, did not get to the top by waiting for opportunities to drop on her lap. While her father, Lang Hancock, left her several millions of dollars, she parlayed the inheritance into billions by aggressively pursuing opportunities in the mining sector through Hancock Prospecting.

Housewives Boost Online Shopping by 20%

The latest NAB Online Retail Index released on Tuesday showed that in the year to April demand for products such as household appliances and electronic device dipped 5 per cent. However, for the same period, housewives online spending grew by 20 per cent.

Australian Stock Market Report – Midday 5/29/2012

Despite a negative start, local stocks are tracking slightly higher in early trade, thanks to gains from energy and defensive stocks. At lunchtime in the East, the All Ordinaries Index (XAO) is up 15.3pts or 0.4pct to 4135.5.

Australian Stock Market Report – Afternoon 5/25/2012

The Australian sharemarket lost ground for the third consecutive day and week, with the All Ordinaries Index (XAO) down 0.6 pct or 25 pts to 4081.2 today. Nine out of 12 sectors finished in the red today and the broader market hit a fresh six-month low. On June 17, the Greeks will need to return to the polls to vote for a President for the second time. Markets are likely to remain jittery leading up to the event.

School Bullies at Risk of Not Finding Work

If school bullies destroyed many young lives during their grade and high school days, when it comes to the workplace, it would be their turn to be on the other side of the fence.

Qantas, Jetstar Add 900,000 Seats on East Coast Routes

Qantas and Jetstar will add about 900,000 more seats on its east coast routes by July in a bid to improve the company's finances. The addition of capacity, announced Thursday, is part of the revamp initiated this week by Qantas Chief Executive Alan Joyce.

Opposition Blames Carbon Tax for Closure of Hunter Valley Smelter

Although operators of the soon-to-be shuttered smelter plant in Hunter Valley cited the high Australian dollar and weak prices in the international market for aluminium as the short-term reasons why it would close its Kurri Kurri facility, the Opposition seized the closure of the plant to blame again the carbon tax for the economic woes of companies in Australia.

Android ICS Update: List of Smartphones with Android ICS Soon!

The latest Android version which is known as Android 4.0 or Android ICS (Ice Cream Sandwich) is something that Android users have been waiting for a long time now ever since it was announced to the public. Though Android ICS was already announced 6 months ago, not all smartphones have been updated to the latest Android version.

NT Tourism at Risk with Cutback of Qantas, Jetstar Services

Besides Qantas aircraft maintenance engineers who were at the receiving end this week of Chief Executive Alan Joyce's ax, another victim to the announced revamp of the flag carrier would be the tourism sector in the Northern Territory.

Apple's iPhone 5 Rumors and Possible Release Date

Rumors about Apple's new iPhone 5 are circulating the web as many people are setting high expectations about this new offering from Apple. Aside from possible specifications and features, rumors about the possible release date are also spreading like wildfire in the Internet.

NAB Blames Battle for Deposits for High Mortgage Interest Rates

National Australia Bank (NAB) Chief Executive Cameron Clyne blamed on Wednesday the battle for deposits among Australian lenders for the high mortgage interest rates in the country. In effect, he belied claims by the other banks that the European crisis, which caused wholesale funding cost to rise, is the culprit.

What's Next for Qantas?

The Qantas Monday announcement of the closure of the air carrier's Tullamarine Airport maintenance facility was just the tip of the iceberg. On Wednesday, Qantas Chief Executive Alan Joyce made an even bigger announcement of more revamps in the company.

Yahoo! Exec. Pleads Guilty to Insider Trading

The U.S. Securities and Exchange Commission on Monday charged a former executive at Yahoo! Inc. and a former mutual fund manager at a subsidiary of Ameriprise Financial Inc. with insider trading on confidential information about a search engine partnership between Yahoo and Microsoft Corporation.

New Study Points to Apple as World’s Most Valuable Brand

Arguably, Apple tops the list as one of the leading global companies, with its products desired by millions around the world, and a new study not only affirmed that stature but also crowned the American firm as the most valuable brand over the past 12 months.

BofA Analysis: David Jones a Good Buy

An analysis by Bank of America (BofA) showed that Australian retailer David Jones would be a good buy for now following the drop in company shares at its lowest level since the global financial crisis.

Pages

  • MOST READ IN Companies