COMPANIES

Australians Spending Less on Gambling

Australians are spending less on gambling compared to previous years. A report by Roy Morgan released on Tuesday said that Aussies spent $18.5 billion on all forms of gambling in the past 12 months to September 2011. It is down from the $20.2 billion they spend for 2002.

Aussies Have Sweet Tooth

Many Australians have a sweet tooth and indulge in consuming lollies, toffees, éclairs and caramels. A study by Roy Morgan Research released on Tuesday found that 39 per cent or 7.2 million Aussies aged 14 and above ate sweets in the last four weeks.

Australian Stock Market Report - Midday 12/06/2011

Overnight US market closed higher after a mid-session glitch that saw the index slide over 50points on the news that the Financial Times, out of London, had reported the rating agency Standard's & Poor's was likely to cut 6 key European nations AAA credit ratings. After the initial shock the market turned higher. Dow Jones Index and NASDAQ both ended stronger.
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Australian Dollar Outlook - 12/06/2011

Bell FX Currency Outlook: The AUD is slightly stronger this morning after news filtered out of Europe that plans for a new treaty and fiscal rules in the region has been agreed upon.

Global Markets Overview - 12/06/2011

U.S. stocks were ahead but off session highs Monday afternoon after a Financial Times report claiming that Standard & Poor's warned six triple A-rated euro-zone members that they may suffer ratings downgrades as a result of the deepening sovereign-debt crisis.

Honda Recalls 917,267 More Cars Over Airbag Defect

Honda has announced a global recall of 917,267 vehicles over an airbag defect that has caused at least 20 injuries. The action adds to previous recalls that were issued to address the same problem, resulting in a total of 2.8 million cars being affected.

New Budget Air Carrier to Bring Out More Dollars From Australia

Australians will have another alternative budget carrier from Asia by mid-2012 as Scoot operates a 402-seat daily flight between Sydney and Singapore. Scoot will offer 40 per cent lower fare than traditional airlines and targets young and adventurous travelers who want to go around the region at lower cost.

Qantas Workers Gain Support of Labor Party

Qantas unions have secured the support of the Labor Party to strengthen the Qantas Sales Act. The party backed the motion filed by Transport Workers Union (TWU) Federal Secretary Tony Sheldon to keep majority ownership, operation and governance of Qantas in Australia.

U.S. Judge Rejects Apple Plea; Samsung Allowed to Sell Gadgets

A federal court judge in San Jose, California has ruled against Apple's petition to temporarily ban the sales of Samsung smartphones and tablets in the U.S. allowing the Korean products in market shelves until the start of the patent infringement trial on July 30, 2012.

Australian Stock Market Report - Morning - 12/05/2011

From Craig James, Commsec Chief EconomistUS non-farm payrolls (employment) rose by 120,000 in November, in line with market expectations. Private payrolls rose by 140,000, the jobless rate fell from 9.0pct to a 2-1/2 year low of 8.6pct and average earnings fell by 0.1pct.

Global Markets Overview - 12/05/2011

From Morrison Securities: U.S. stocks finished barely changed in Friday's session to cap a strong week after the U.S. unemployment rate unexpectedly dropped and European leaders and central bankers redoubled efforts to tackle the sovereign-debt crisis.

Nokia Introduces 3D Indoor Mapping

Google's Android system may have updated its Google Maps feature to work indoors but Nokia is raising the bar by having their indoor maps in 3D.

Qantas Unions Blame Mismanagement for $200 Million Loss, Not Strikes

Qantas unions blamed mismanagement of the national air carrier for its $200 million loss for the second half of the financial year. The unions said Qantas should not blame the strikes for the loss, which Qantas Chief Executive Alan Joyce pinpointed as one of the reasons behind the red ink.

Report: Airbus, Boeing Near End of Prolonged Trade Dispute

The ongoing trade dispute between giant aircraft manufacturers, Europe's Airbus and America's Boeing, could soon end as European Union officials declared on Thursday that all conditions relating to the resolution of the matter have been met.

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