COMPANIES

Fonterra Says Milk Additive not Meant to Cut Cost

New Zealand dairy giant Fonterra has justified adding permeate in its blue-topped milk, saying it is meant to standardise protein levels and not to cut costs to maintain a competitive price as recent news reports have hinted.

Rio Tinto to Produce 4,700 Medals for London 2012 Olympic Games

Miner Rio Tinto (ASX: RIO) is the official medals provider of the London 2012 Olympic and Paralympic Games. The firm announced on Tuesday that the 4,700 medals it will supply the games would be crafted from metals sourced from Rio's Kennecott Utah Copper Mines and Oyu Tolgoi Mine.
More news

Westpac Seeks Larger Market Share

Westpac's strategies to boost revenue will be put to a test during the first quarter as the bank seeks a larger market share, particularly deposits, small-to-medium business loans and wealth management. The results of said strategies will be disclosed by CEO Gail Kelly in May as she reports the company's first-half profit amidst a weaker banking environment.

Ford Making Strong Move into China

The Chinese-built Ford Focus will join three new SUVs at Ford's stand at the upcoming Beijing motor show exhibiting the brand's aggressive strategy to crack the largest car market in the world.

Aussie Consumer Web Site Gets 11,000 Complaints in 1 Week

uVent.com.au founder Anthony Mittelmark recently launched a Web site that would serve as a meeting ground for Australian consumers with complaints and local companies. Within one week, the portal received about 11,000 complaints which indicate how angry and frustrated Aussie consumers are.

St George, Bank of Melbourne Cut Rates

Two Australian banks cut their interest rates on Monday, ahead of a possible overnight cash rate reduction by the Reserve Bank of Australia (RBA) in May and amid ANZ Bank's unpopular decision to hike fixed mortgage and small business loan rates by 0.06 per cent on Friday.

Asus Transformer Pad 300 Release Date, Features, and Specifications

Asus, the Taiwanese-based company announced that the company's Asus Transformer Pad 300 will be released in the market on April 22, 2012. Pre-order for this tablet has already started and this release date would also mean that it will be directly competing against the official debut of Samsung’s Galaxy Tab 2.

Facebook, Ten Talk Over Possible Alliance

Number one social networking site Facebook and Ten Network are talking about an alliance that would involve sharing of content, audiences and advertising income, The Sydney Morning Herald reports.

Top Four Android Tablets: Alternatives to Apple's new iPad

Tablets have evolved from being an optional device to being a must-have device in a person's life either in business or personal dealings. Many companies have noticed this sudden shift as various tablet models are being manufactured and marketed in the market.

Nokia Lumia 900 Plagued with Connectivity Issues

Nokia, the Finland-based phone manufacturer recently launched their newest Windows Phone in the market which is Nokia Lumia 900. Barely reaching a week after it was launched last Easter Sunday; users are now facing issues with their new Windows Phone.

Consumer Watchdog Takes Cudgel for Plus-size Women

Choice, a consumer watchdog, took the cudgels for plus-size women on Thursday by asking retailers to widen the range of clothes available to large females. The group said because of limited choices, these kinds of women have to buy online or at chain stores.

Apple's New iPhone: 1GB of RAM with A5X-like Chip and Other Rumored Specifications

The supposed news and rumors regarding Apple's new iPhone is taking the world by storm as more and more "leaked" specifications have been appearing in different news sources. The latest one came from the website, 9to5Mac which states that the new iPhone prototypes will be having 1GB of RAM and "A5X" chip which was utilized in the new iPad for the Retina Display features.

Sony Cutting Down 10,000 Jobs

Sony Corp. announced that the company's plan of cutting down a total of 10,000 jobs which is equivalent to 6% of the global workforce. This strategy is said to be part of a new "restructuring plan" under the new president of the company.

3 More Waiting Days for Trapped Peru Miners

Oscar Valdes, cabinet chief to Peruvian President Ollanta Humala, said on Tuesday that it would take about three more days before the nine trapped miners could be rescued.

Qatar is 3rd Largest Shareholder in Xstrata

Qatar became the third-largest stockholder of mining firm Xstrata after it bought 5 percent of the company's shares at $A2.65 billion. The purchase was made by the country's sovereign wealth fund.

Pages