COMPANIES

Qantas Cuts 500 Engineering Jobs After 83% Drop in Profit

The labor dispute that has plagued Qantas for months has taken its toll on the air carrier's bottomline. The flag carrier reported on Thursday an 83 per cent decline on its half year net profit which plummeted to $42 million compared to a year ago.

Angry Birds on Facebook

Facebook users have another reason to celebrate as one of the most-loved games in the world; Angry Birds is now available in the social networking site.
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ACCC Orders Telstra to Lower its Wholesale ADSL Pricing

The Australian Competition and Consumer Commission (ACCC) ordered on Tuesday giant telco Telstra Corporation to reduce the wholesale pricing of its asymmetric digital subscriber line (ADSL) service.

Group Planning to Build Largest Coalmine in Queensland to Hire Aussies First

The Adani Group, an Indian conglomerate, is planning to build a new open-cut and underground mine in Queensland. The Carmichael Coal Mine, touted to be the largest in the Australian state, would be mostly on the Moray Downs cattle station about 100 kilometres north of Emerald.

Sydney, Melbourne in Top 10 List of Most Expensive Cities to Live in

Australian cities are some of the most expensive places in the world, according to the latest Economist Intelligence Unit's (EIU) Worldwide Cost of Living 2012 report. The roster, released on Wednesday, ranked Sydney as the 7th and Melbourne the 8 th most expensive global cities.

Kia Reveals Sketches of All-new Flagship Sedan

Kia Motors has released official sketches of its all-new luxury sedan, which the carmaker says will define new standards for design and flair in the large car segment.

Australian Stock Market Leads - 02/15/2012

The Australian stock market on Wednesday will try to put away the lacklustre sentiments generated by the U.S. and European indices overnight with a focus on a few earnings reports due to be released today.

Samsung Galaxy S3 Rumor Round-up: Release date, Specs

The Samsung Galaxy S3 is definitely one of this season's phones to watch and to help you with the gamut of news articles and rumors circulating the Internet here are some of the more prevalent speculation about the Galaxy S3

Global Markets Overview - 02/15/2012

From MORRISON SECURITIES PTY. LTD: U.S. stocks fell Tuesday as investors considered weaker-than-expected retail sales data and watched for progress in Europe over Greece's debt.

Apple Allows FLA Inspectors in its China Assembly Plants

As Apple shares zoomed up and breached the $500 mark on Monday, company officials revealed at the same time that independent inspectors from the Fair Labor Association (FLA) have begun their probe on Apple assembly facilities in China.

Carmaker that Laid Off Workers Grants 22% Pay Hike

While hundreds of jobs continue to be shed across Australia since the start of February as businesses complain of the strong currency and weak consumer confidence, workers in Holden would enjoy up to a 22 per cent wage increase spread over the next three years.

Rio Tinto Invests $1.4 B in Chile Copper Mine

To increase the production capability of the Escondida copper mine in Chile, Rio Tinto has approved US$1.4 billion for two projects supporting this move.

Australian Stock Market Leads - 02/14/2012

The Australian stock market is seen heading for a slow but steady start on Tuesday with the positive global markets performance extending limited gains on commodities and other risk-related assets.

Global Markets Overview 02/14/2012

Stocks added to gains and hit session highs in afternoon trading, buoyed by the adoption of austerity measures by Greece's Parliament. The Dow Jones Industrial Average was recently ahead 82 points, or 0.6%, at 12884. The Standard & Poor's 500-stock index advanced 10 points, or 0.8%, to 1353, and the Nasdaq Composite gained 29 points, or 1%, to 2933.

Supermarket Battles Move to Fresh Fish Label

Another fresh war is brewing between Australia's supermarket giants. From fresh produce, Coles and Woolworths are now battling for the title of being the number one supporter of sustainable fish species.

Australian Stock Market Report - Midday 2/12/2012

The local share market is trading flat in the early session, as investors respond to the passing of a new austerity plan by the Greek parliament. Opponents to the plan have rioted in Athens over the weekend, however the vote, which paves the way for a new bailout package for the stricken Eurozone country, is expected to bring some stability to European markets. The All Ordinaries Index (XAO) is up 5.5pts or 0.1pct to 4328.1

Hasbro to Make Farmville, Mafia Wars Merchandise for Zynga

Fans of "Farmville" and "Mafia Wars" will soon have physical merchandise from their favorite online games. Hasbro Inc. and Zynga Inc. announced Thursday a deal where the toy company will create games and toys based on Zynga's popular online games including "Farmville" and "Mafia Wars".

Global Markets Overview - 02/13/2012

Stocks were dragged down for their worst one-day loss in about six weeks by tumult over the Greek bailout, disappointing readings on the U.S. economy and a downgrade of nearly three dozen Italian banks.

Job Cuts Hit Australia’s Construction Industry

More jobs in Australia continue to be placed on the chopping block as the axe moves to the construction industry. Kell & Rigby, one of Australia's oldest building firms, announced on Thursday the loss of 500 jobs.

Google to Offer Motorola Patents on FRAND Terms

Google Inc. is reportedly planning to send letters to different standards organizations to reassure them that the search giant would license Motorola Mobility Holdings Inc.'s patents on reasonable terms if their planned mergers push through.

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