COMPANIES

S&P Downgrades 5 Large Australian Banks

Standard & Poor's downgraded on Thursday the credit rating of five large Australian banks. However, rival Moody's Investors Service maintained the stable outlook of the big four banks.

Researchers Find Security Flaw in Android Apps

Researchers from North Carolina State University have discovered a number of vulnerabilities in smartphones running Google's Android operating system that allows hackers to record phone conversations and even wipe data without the user's permission.

Global Markets Overview - 12/02/2011

From Morrison Securities: U.S. stocks were little changed in afternoon trading Thursday, a day after a blowout rally, as headlines from Europe kept traders on the defensive but strength in the technology sector limited losses. The Dow Jones Industrial Average shed 6 points, or 0.1%, to 12049 recently, shaving off a sliver of the previous session's 490-point surge.
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RIM Offering Security Services to Android, iPhone Users

Research in Motion announced on Tuesday that it will launch a new security software that will bring the same security and management features found in the company's BlackBerry smartphones to Android and iOS phones and tablets.

Australia's Manufacturing Activity Barely Improves in November

Manufacturing activity remained flat in November according to the latest Australian Industry Group - PwC Australian Performance of Manufacturing Index (Australian PMI®). The Australian PMI® was broadly unchanged, up just 0.4 points to 47.8, to remain below the 50 points level separating expansion from contraction.

French Court Voids Ban on Genetically Modified Corn

France's Council of State, which hears cases against decisions of the national government, has annulled the 2007 and 2008 rules of the agriculture ministry suspending the planting of genetically modified corn in the country.

Aussie Postmaster Considers Internet Worst Enemy, Best Friend

Australia Post Chief Executive Ahmed Fahour knows how to turn a problem into an opportunity. He showed his success on Tuesday when the agency he heads opened its 24/7 operations that relies heavily on delivery and pick up of parcels ordered online by Aussies.

Pros and Cons of Bypassing the Android

Many techies love to customize the ROMs of their Android devices, which allow various ways to modify smartphones, including the manipulation of startup devices, increase of speed and better battery usage.

C02 Expands Total Hectares of Trees Managed for Clients to 23,300

The expansion and diversification of its operations had led to record revenue growth for Australian environmental services company, CO2 Group Limited (ASX: COZ). On Monday, CO2 reported revenues of $35 million for financial year 2011 and full year net profit after tax of $1.5 million.

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