COMPANIES

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.
More news

Iran Claims Capture of U.S. Spy Drone; NATO Admits One Missing

Iran claimed Sunday that it has "captured" a spy drone belonging to the U.S., as the U.S.-led International Security Assistance Force in Afghanistan admitted that one of its reconnaissance aircraft went missing last week.

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.

Coal Miners Whitehaven, Aston in Merger Talks

Australian coal miners, Whitehaven Coal (ASX: WHC) and Aston Resources (ASX: AZT), are talking about a corporate merger, Whitehaven disclosed on Monday.

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.

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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