COMPANIES

Leighton Disputes S&P Credit Rating Downgrade

Leighton Holdings on Thursday disputed Standard & Poor’s Rating Service’s (S&P) decision to downgrade its credit rating from ‘BBB/A-2’ to ‘BBB-/A/3’, claiming it was not a true reflection of the company’s credit quality.

Australian Woman Files $1.1-M Sexual Harassment Case Against IBM

Computer giant International Business Machine (IBM) is facing a $1.1 million sexual harassment suit filed before the Australian Federal Court by a former female employee, who claimed that she was humiliated, bullied and harassed by a male superior for two years.
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Motorola Droid Razr: Top Ten Reasons Why Apple Should Be Scared

The battle for smartphone supremacy has gotten increasingly tough of late with such giants like Apple and Samsung competing to get the most of the mobile phone market. Apple's iPhone 4s, released last week and already setting sales records, has overtaken its Android competitors and is now the reigning champion. But that doesn't mean that Apple can rest easy as a new batch of Android smartphones is coming to the market.

Ikea’s Next Biggest Store to Rise in Sydney, Ikea Melbourne Comes Second

The latest addition to the directory of Ikea's stores will also be the biggest in the southern hemisphere. The megamart is twice the size of the Sydney Cricket Ground, according to reports. On top of its 9000-product offering, shoppers will enjoy a 760-seat restaurant and 1680 dedicated car spaces.

Motorola Touts Droid Razr Advantages Over iPhone 4S

The Gingerbread-powered Droid Razr is the iPhone 4S's newest challenger and Motorola says Apple and non-Apple fans should take notice of its latest innovation as it may be the smartphone they are looking for.

Apple iPhone 4 Sales Miss; $27 Billion of Value Wiped Out

http://www.sec.gov/Archives/edgar/data/320193/000119312511273826/d244527dex991.htmhttp://online.wsj.com/article/AP26ba15082dab4ca48a7a71030b115715.htmlhttp://www.beatweek.com/news/9664-losing-touch-ios-5-on-iphone-ipad-signifies-death-of-ipod-branding/http://online.wsj.com/article/AP26ba15082dab4ca48a7a71030b115715.htmlhttp://www.reuters.com/article/2011/10/12/us-apple-poll-idUSTRE79B6CI20111012

Labor Shortage Threatens to Cripple Australian Mining

Recent labor market research shows Australia’s $427-billion worth of resource projects will struggle to survive the crippling labour and skills shortage. Resource industry employer group AMMA says only a united front from all tiers of government can alleviate the imminent threat to many prospective workplaces.

CSL to Buy Back A$900m Shares

After finalizing some fresh debt from banks and U.S. private investors, CSL Limited, the world's second biggest blood products maker, said it plans to buy back A$900 million of its shares.

Virgin Australia Boosts Capacity amid Qantas Strike

Virgin Australia announced on Wednesday it would provide additional capacity over the coming months to meet market requirements and to minimize the impact of ongoing Qantas industrial action on the Australian travel and tourism industry.

Rio Tinto Advances First Shipment of Ore to Mid-2015 for Guinea Simandou Project

Rio Tinto announced on Wednesday that it would advance the first shipment of ore from its Simandou project in Guinea to mid-2015. The earlier shipment date is because of accelerated development resulting from approval of another $211 million for continued studies and $1.117 billion funding commitment for early works and procurement of long-lead items.

California Court Dismisses Apple Patent Lawsuit Against Samsung

After some legal setbacks, Samsung Electronics finally won some of its legal battles against Apple. The victory was handed by U.S. District Judge Lucy Koh who dismissed on Tuesday some of the antitrust claims by Apple against the South Korean firm.

Hungry Jack’s Revamps Slogan amid Increased Health Focus

Hungry Jack’s is replacing its slogan from ‘The Burgers are Better Hungry Jack’s’ to ‘Hungry Jack’s makes it better’ as the fast-food giant aims to expands its menu and increase its health focus.

Rio Tinto Lets Go of $8B Aluminum Group

Following a strategic review, Rio Tinto said 13 assets will be divested at an appropriate point in the future, and some of these will be managed separately in the meantime.

Bus Drivers Agree to Lift Ban, State Transit Says Buses are ‘Safe’

The bus drivers union agreed on Tuesday night to an Industrial Relations Commission order to lift a ban on gas-powered buses in Sydney. The explosion of a gas-powered bus prompted public bus drivers to raise their protest by refusing to get on the road, resulting in huge inconvenience among Sydney passengers at peak hour Tuesday.

Australian Stock Market Report - Closing - 10/18/2011

AFTERNOON REPORT (4.30pm AEDT)Local stocks managed to erase all of yesterday's gains during Tuesday's session, with fear and caution again at the forefront of investors' minds. Overnight, sentiment wasn't helped by negative commentary from Germany's Finance Minister who warned it was unrealistic to expect a definitive solution to the European debt crisis at this weekend's European Union summit.

Find My Friends iOS 5 App Raises Privacy Concerns

Barely a week after being unveiled the Apple iOS 5 app Find My Friends is already instrumental in breaking up a marriage after a suspicious husband caught his wife cheating using the app.

iPhone 4s: Top Five Customer Complaints

Apple's new iPhone 4s has reportedly sold over 4 million units three days after its launch but that record-breaking figure doesn't mean that everyone is enjoying Apple's latest smartphone. Although early reviews have been positive there have been several notable problems with the iPhone 4s. Here's a brief rundown on the top five iPhone 4s issues.

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