COMPANIES

Oil Prices Inches Up $84.45 per Barrel

World oil prices has moved up more than 5 percent on Tuesday on encouraging news that European fiscal managers are working overtime on a bailout fund to contain the region's debilitating sovereign-debt crisis.
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SEC Probes S&P for Ratings of Mortgage Securities

The U.S. Securities and Exchange Commission is investigating Standard & Poor on suspicion of issuing a complex mortgage security identified as Delphinus in 2007, at a time when the housing market already was crumbling.

Australia Stock Market Report - Afternoon- 09/27/2011

MIDDAY REPORT (12pm AEST)As expected, the Australian share market is wiping out yesterday's falls with the All Ordinaries index (XAO) up 2.9 pct or 114.9 pts to 4042.5. Keep in mind that despite the improvement, the market locally has still lost ground for five of the past seven sessions.

Rio Tinto Now Owns 49% of Ivanhoe Mines

After the Mongolian government stated it wants to acquire a bigger equity in the Oyu Tolgoi copper and gold mine at a much earlier pace, Rio Tinto has cemented its shareholdings on the company, Ivanhoe Mines, which directly manages the said mining project in Mongolia. Rio Tinto now owns 49 percent of Ivanhoe Mines.

Minecraft 1.9 Leaked; Quick Guide to Install Pre-Release

The developers of Minecraft are burning the midnight oil to meet the goal of unveiling a full version of Minecraft on 11/11/11. Just two weeks after releasing Minecraft 1.8, another adventure update to the sandbox building indie video game written in Java by Swedish creator Markus "Notch" Persson, has been leaked. Persson has also tweeted that Minecraft 1.10 is in the works.

Hoaxes Aside, What if Facebook Started Charging?

If Facebook starts charging users $1 for a life-time membership, Mark Zuckerberg and company would gross $800 million. If the social-networking charges $1 per month, it would receive a whopping $9.6 billion a year assuming all users are willing to pay up.

Kogan Stops Selling Samsung Galaxy Tab

Apple is currently in a legal battle with Samsung to ban the device from Australia due to patent infringements. Samsung had agreed not to sell in Australia until the hearing in Sydney is concluded. Apple had asked Kogan to withdraw the product and threatened to sue the retailer along with Samsung if it didn't comply.

Amazon’s Tablet Could be iPad’s Only Serious Challenger

Several have tried to unseat Apple as King of the Tablets but they've all fallen by the wayside. Samsung, Motorola, Acer and Research in Motion have all fielded their tablets only to be beaten by the Apple giant. Hewlett Packard tried with the TouchPad this summer and is now scrambling to recuperate its losses.

Union Instructs Qantas Ground Staff to Strike on Sept. 30

Qantas Airways on monday claimed the Transport Workers Union (TWU) has instructed 3,800 baggage handlers, ground staff, and other Qantas employees to go on strike for one hour on Friday, 30 September to target Qantas passengers on one of the busiest weekends of the year.

Visa, MasterCard to Raise Debit Card Swipe Fees

Payment networks Visa and MasterCard will impose the highest fees for even the smallest debit transaction for cards issued by JP Morgan Chase and Citigroup as allowed by a U.S. law that put caps on such fees.

iPhone 5 Release Date Oct. 4? Think Outside the Box

While the iPhone 5 will be the center of everyone's attention, note that according to Antoine Saint Exupery, what's essential is invisible to the eye. Aside from betting that the iPhone 5 won't have radical changes, you should think outside the box when comprehending what happens on Oct. 4 and thereafter.

Gartner: iPad will Continue to Dominate Until 2014

The iPad will continue to dominate its rivals until 2014 according to a new report from the research firm Gartner.Apple's iPad will account for 73.4% of tablet sales worldwide and will hold that market dominance for years to come, said Gartner. Bad news for other tablet makers, the analysts also say that no other platform besides Android will have more than a 5% share of the tablet market during this time.

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