COMPANIES

WA Invites China to Invest in Oakajee Port and Rail Project

The West Australian government invited China to be an investor in its $5.94-billion Oakajee port and rail project. The venture seeks to open up a new iron ore mine site in the state's Mid-West and make it WA's second major iron ore output behind Pilbara.

YouTube Starts Video Clip Voting Game

YouTube launched Tuesday a new game wherein viewers and visitors can vote to pick which of two video clips pitted against each other weekly is more impressive, funnier, cuter or weirder.
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Foxconn Reveals $1-B Production Upgrade Plan in China

Foxconn, assembler of Apple's iPad and iPhone, has unveiled plans to upgrade its production capacity in mainland China, expanding the company's existing plant in the country's Henan province, reports said.

Rio Tinto Extends Offer for Hathor Exploration Shares Until Jan 6

Mining giant Rio Tinto (ASX: RIO) announced on Thursday that it has extended its offer to purchase Hathor Exploration shares to 5 p.m. of Jan 6, 2012. The offer, made through an indirect wholly-owned Rio subsidiary in Canada, is for C$4.70 in cash per common share.

Smartphones Helped More Shoppers be Savvy

Gone are the days where the use of smartphones was limited to “geeks”. Nowadays, shoppers are now utilizing the potential of smartphones as a tool to help them get through their shopping needs.

Sony: We Didn’t Apologize for PS Vita Bugs

Sony Corp. has denied news reports that the company has apologized for the glitches with its newest console the PlayStation Vita. According to Sony, there was no evidence of widespread bugs on the Vita and that the reports about Sony apologizing were not true.

Harvey Norman will now sell Games Online GST Free

Proving the old adage "if you can't beat 'em, join 'em", Gerry Harvey has decided to launch a new website that will sell import European copies of video games at discounted prices.

No More CES Events for Microsoft After 2012

No more Steve Ballmer talks and antics on future CES gatherings as Microsoft has decided to pull out from the yearly showcase of new electronic products, making the Las Vegas show on January 2012 the last for the software giant.

World’s Largest Gold Producer Fined in Death of Aussie Miner

The Perth Magistrates Court fined Barrick Gold on Thursday $140,000 for the death of miner Daniel Williams in August 2009. Mr Williams fell into an ore chute at the underground mine of Barrick's Kanowna Belle gold mine near Kalgoorlie.

Report: Galaxy Tab Soon to Hit Germany

Samsung has won the favor of courts in Australia and the United States for its Galaxy devices to hit the market and soon enough, according to reports, the South Korean firm may win the nod of the German court.

Victoria Awards $1.6-Billion Rail Contracts to 3 Bidders

The Regional Rail Link Authority of Victoria announced on Thursday the award of $1.6-billion rail contracts to three bidders. The Leighton Group, Lend Lease and UGL won the bid to build a part of the $5.3-billion Regional Rail Link project.

Australia Buys $950 Million Worth of Military Planes from U.S.

Australia will purchase from the United States 10 military planes and other equipment worth $950 million. The Defense Security Cooperation Agency informed the U.S. Congress on Wednesday on the sales of C-27J aircraft, missile warning systems and radar.

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