COMPANIES

Cattle Council Against 2nd Halt of Exports to Indonesia Over New Video of Animal Cruelty

The Cattle Council of Australia (CCA) has expressed its opposition to halt live meat exports to Indonesia following the release of a new video of animal cruelty in the south east Asian nation. CCA Vice President Peter Hall said in lieu of a blanket ban which would be bad for the cattle industry, new procedures could identify the erring slaughterhouse.

Samsung Reveals Galaxy Ace 2 and Galaxy Mini 2

Korean-based firm Samsung recently revealed their newest smartphone in the market called the Samsung Galaxy Ace 2 and the Galaxy Mini 2. Samsung revealed this new smartphone model during the Mobile World Congress (MWC) 2012.

Commonwealth Bank Restores ATM, EFTPOS Services After Crash

Commonwealth Bank has restored the services of its ATMS and EFTPOS facilities after an outage at about 11 p.m. on Tuesday that affected its system across Australia. The cash machines and payment facilities were back online at about 8:30 a.m. Wednesday although some cards continue to experience problems.

Sony Xperia NXT

Sony Mobile Communications is now planning a new approach in hopes that they would once again be dominant in this new battlefield for smartphones. Their new approach involves marketing a suite of devices instead of focusing on one "big" product. The company already started working on this strategy in the on-going Mobile World Congress 2012.
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Australian Online Retail Spending Up 29% in 2011

Although online sales accounted for only 5 per cent of total retail spending in 2011, it grew at an incredible pace of 29 per cent while traditional retail store sales went up by a mere 2.5 per cent.

U.S. Navy Orders 2 More Catamarans From Aussie Shipbuilder

The U.S. Navy has ordered two more join high speed vessels (JHSV) or catamaran worth $321.7 million from Australian shipbuilder Austal. With the two new orders, the total catamaran orders awarded to Austal has reached $1.45 billion.

ACCC Gives the Green Light to $11B Telstra-NBN Deal

Barely a week after Telstra Corporation submitted its revised structural separation undertaking (SSU), the Australian Competition and Consumer Commission (ACCC) gave its approval for the $11 billion deal between NBN Co and the country's dominant telco to go ahead.

Don't Trust the 'News' on iPad 3 and iPhone 5 Release Date & Specs

Apple Inc. (NASDAQ: AAPL) doesn't plan to -- and never did -- tout prototypes of future devices at the Mobile World Congress or at any other electronics exhibition; it doesn't provide teasers; and it doesn't intentionally misplace prototypes at a San Francisco, California-area bar.

World’s Most Expensive Cars

Which is the world's most expensive car? Well, the title of 'world's most expensive car' is hard to award. There are a few cars that are priced in Euros or Pounds, which means their prices in U.S. Dollars depend on the day.

Holden Seeks $250 Million Government Assistance

For car maker Holden to maintain its two-model manufacturing facility in Adelaide, the firm needs $250 million assistance from the government, Holden Chairman and Chief Executive Mike Devereux said on Sunday.

Will Apple Cut iPad Prices?

There is a possibility that Apple, Inc. (NYSE:AAPL) will take the victory the tablet wars due to the eminent release of iPad 3 and the slash on the price tag of the iPad 2.

Caltex Logs $852 Million Loss for 2011

The risk of the closure of Caltex Australia's Sydney and Brisbane refineries became higher after the oil giant announced on Monday $852 million loss for 2011. Caltex is currently reviewing its operations which could result in the axing of 800 refinery jobs.

Dell's New Ultrabook

Dell just unveiled the company's first ultrabook called the XPS 13. Dell also announced that they would begin shipping the company’s ultrabook to U.S. and Canada stores by next week.

Santos Admits Environmental Errors in CSG Operation

Santos, a coal seam gas (CSG) mining company in Australia, admitted committing environmental errors in its Pilliga East State Forest operations. In a report to the New South Wales government which contained a review of its drilling operation, Santos said there were many instances of pollution, including leaks and spills, that were reported.

Crescent Wealth Partners with Islamic Fund Manager Saturna Capital

Crescent Wealth, Australia's first Islamic wealth manager, announced on Thursday that it has entered into an agreement with Saturna Sdn Bhd (a wholly-owned subsidiary of US based Saturna Capital) to act as the portfolio manager to the Crescent International Equity Fund to be launched later this year.

4G LTE Phones Expected at MWC

The Mobile World Congress is kicking off in a week and most of the buzz about the new mobile devices center on which companies are announcing 4G LTE devices. LTE technology is set to overtake 3.5G as the dominant category in wireless infrastructure so mobile phone manufacturers are racing to provide phones that support 4G LTE technology.

Minerals Council of Australia Supports Mining Tax

The Minerals Council of Australia is supporting the minerals resource rent tax. Mitch Hooke, chief of the council, told a Senate hearing in Canberra on Tuesday that the proposed 30 per cent tax on profits of large coal and iron producers is workable.

Amid Apple Pressure, Foxconn Gives Pay Hike

Foxconn Technology said this weekend that it would increase worker salaries at its Chinese factories by as much as 16 to 25 percent as it faces intense public scrutiny over the working conditions in at its factories.

Global Markets Overview - 02/22/2012

The Dow Jones Industrial Average pierced the 13000 level for the first time since before the financial crisis, but traded largely below the mark during a choppy session in which stocks were negative at times. The Dow broke 13,000 before noon Tuesday and a handful of other times throughout the day, but was down 17 points, or 0.1%, at 12933 in afternoon trading.

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