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More Aussies Lose Jobs With Cease Trading of 1st Fleet

1st Fleet, an Australian trucking company that operates in Queensland, New South Wales, Victoria and South Australia, locked out about 1,000 workers and ceased trading overnight without any warning on Wednesday night.
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Rio Tinto Completes Joint Venture for Simandou Iron Ore in Guinea

Rio Tinto and Chinalco's listed subsidiary, Chalco, have completed the formation of their joint venture (JV) to develop and operate the Simandou iron ore project in Guinea, following the completion of all Chinese regulatory approvals. As a result, a consortium led by Chalco has made an earn-in payment of US$1.35 billion, in line with an agreement reached with Rio Tinto in March 2010.

Analysts: Apple Must Target China, Issue New Products to Sustain Growth

Apple must train its sight to the East, experts said, if it wishes to sustain its record-breaking results and deflect predictions that the tech titan would falter sooner or later minus the introduction of innovative products, which marked the reign of Steve Jobs.

Atlas Iron, QR National to Launch $3.5-Billion Rail Link in Pilbara

Atlas Iron and QR National launched on Thursday the $3.5-billion Pilbara railway through the start of a feasibility study to build the 600-kilometre multi-user rail link to transport iron ore from the east and southeast Pilbara to shipment facilities at Port Hedland.

HTC One S: A Fast and Better Android Smartphone

HTC, the Taiwanese-based smartphone manufacturer recently announced the release of the newest Android smartphone called HTC One S and many experts are stating that this is one of the best Android smartphones released by the company.

New iPhone Rumor: Apple to Release iPhone Nano?

There are countless rumors circulating the web nowadays and this time, it focuses on the supposed release of Apple's iPhone Nano alongside the new iPhone or iPhone 5.

Sony Plans to Launch "PlayMemories" Cloud Service

Sony, the Japanese-based firm has announced its plans to release an online photo sharing service called "PlayMemories Online". The release date is targeted to be around next week.

Mini iPad: The Good, The Bad, and The Rumors

Rumors of a mini iPad from Apple are circulating the Internet nowadays and it seems like the news and rumors for the mini iPad would not go away anytime soon.

CBA Eyes Further Asian Expansion

Commonwealth Bank of Australia (CBA) Chief Executive Ian Narev announced on Thursday the bank plans to expand further to Asia, considered the world's fastest-growing region.

Bankwest Customers Join Australia’s Largest Class Action Suit

The number of participants to Australia's largest class-action suit rose to 170,000 after 6,000 Bankwest customers joined on Thursday the lawsuit. With the inclusion of the 6,600 the pool of fees in the legal dispute went up to more than $220 million.

BHP Uses Coking Coal Stockpile to Meet Export Targets

Due to its declaration of a force majeure in the early part of April, mining giant BHP Billiton (ASX: BHP) had been using its stockpile of coking coal to meet export commitments. This is amidst the company's struggle to maintain operations affected negatively by a prolonged labour dispute and bad weather.

Xolo X900: The First Smartphone from Intel and Lava

Intel finally decided to enter the smartphone market through their newest smartphone product called the Xolo X900. The Xolo X900 is the product of the collaboration between Intel and Lava International Ltd., a mobile device maker. The Xolo X900 will be available in India this week.

Fonterra Says Milk Additive not Meant to Cut Cost

New Zealand dairy giant Fonterra has justified adding permeate in its blue-topped milk, saying it is meant to standardise protein levels and not to cut costs to maintain a competitive price as recent news reports have hinted.

Rio Tinto to Produce 4,700 Medals for London 2012 Olympic Games

Miner Rio Tinto (ASX: RIO) is the official medals provider of the London 2012 Olympic and Paralympic Games. The firm announced on Tuesday that the 4,700 medals it will supply the games would be crafted from metals sourced from Rio's Kennecott Utah Copper Mines and Oyu Tolgoi Mine.

New Mini iPad Rumors: A Direct Competition for Windows 8?

There have been numerous reports before stating that Apple has plans of launching a "mini iPad" in the market. These rumors are resurfacing again as NetEase; a Chinese web portal revealed that Apple is indeed working on a new iPad.

Tesla Charges Towards Profitability

Tesla, the electric vehicle maker behind the Tesla Roadster, Model S and Model X, is doing all it can to achieve its current business plan of reaching profitability in 2013.

Westpac Seeks Larger Market Share

Westpac's strategies to boost revenue will be put to a test during the first quarter as the bank seeks a larger market share, particularly deposits, small-to-medium business loans and wealth management. The results of said strategies will be disclosed by CEO Gail Kelly in May as she reports the company's first-half profit amidst a weaker banking environment.

Ford Making Strong Move into China

The Chinese-built Ford Focus will join three new SUVs at Ford's stand at the upcoming Beijing motor show exhibiting the brand's aggressive strategy to crack the largest car market in the world.

Aussie Consumer Web Site Gets 11,000 Complaints in 1 Week

uVent.com.au founder Anthony Mittelmark recently launched a Web site that would serve as a meeting ground for Australian consumers with complaints and local companies. Within one week, the portal received about 11,000 complaints which indicate how angry and frustrated Aussie consumers are.

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