COMPANIES

Nordstrom Opens Special Store for Charity

Nordstrom is my guilty pleasure but there is nothing guilty about the pleasure of shopping at one new Nordstrom-owned store. The store, Treasure & Bond, will open on Friday in New York City and Nordstrom has committed to donating store profits to charity. That’s right; Nordstrom will not be pocketing the profits from Treasure & Bond.

Aussie Architect's Unfair Termination for Social Media Use

Although excessive use of social media during work hours may be a valid reason for terminating an employee's employment, Fair Work Australia has found that a landscape architect who was accused of making over 3,000 transactions on a chat line during work time within a three month period was unfairly dismissed.
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iPhone 5: 2012 Debut of New Smartphone Highly Unlikely

A report this week from 9to5mac.com, citing sources inside Apple, says that the Cupertino, Calif.-based company has been deciding between an Oct. 7 or Oct. 14 launch date. . If Apple waits for next year, it won't be able to join other vendors taking advantage of lucrative sales during the holiday season.

Australia Stock Market Close 7/18/2011

MARKET CLOSE (4.30pm AEST)The Australian sharemarket lost ground for the second time this week, with the ASX 200 index (XJO) falling 1.2 pts or 52.7 pts to 4251.2 while the broader All Ordinaries index (XAO) dropped 1.2 pct or 52.4 pts to 4319.4. This takes the falls for August so far to 4 pct.

Wesfarmers Weather Tough Retail Conditions, Profits Up 23%

Australian coal-to-retail conglomerate Wesfarmers reported a net profit after tax of $1.9 billion for the full-year ended 30 June 2011, an increase of 22.8 percent on the previous corresponding period despite tough retail conditions.

Is Kissing at Work Acceptable this Social Networking Age?

A society in Germany that sees itself as a watchdog for etiquette has labeled pecks on the cheeks at the office as inappropriate. According to the German Knigge Society, kissing is deeply offensive to German sensibilities, and such practices should be eliminated immediately, reported the Sydney Morning Herald.

PS3 Price Cuts: Is Sony's Launching of PlayStation 4 Imminent?

Sony Corp. is dropping the price of its PlayStation 3 gaming console by US$50 or 17 percent, as it looks to spur demand for the 5-year old console ahead of the year-end shopping season. Taiwan-based component makers, DigiTimes reported that production on the PS4 will start at the end of this year, and the new console will be launched next year.

Microsoft Starts Blog Detailing Windows 8 Changes

Anyone eagerly waiting for the release of Windows 8 would want to check out Microsoft's new blog, Building Windows 8 which will streamline communications between developers, customers and manufacturers.

Australia's Only Solar Panel Factory Not Shutting Down

Silex Solar, the only Australian company which manufactures solar cells, will continue to manufacture solar panels at its Sydney Olympic Park plant. ABC earlier reported the company will stop making the cells at its western Sydney facility due to the "very tough market".

Sony Cuts PlayStation 3 Price by 17%

Sony is cutting the price of its PlayStation 3 gaming console by $50, in a move designed to drum up more demand for the 5-year old console as competitors like Nintendo also slashed prices on their gaming consoles.

Sony Cheapens PS3 or Boosts HDD Size

Sony Computer Entertainment lowered the worldwide price of its PlayStation 3 by another $50 on Tuesday, knocking its 160GB model to $249, and its 320GB model to $299.

Westpac Posts Lower Earnings, Likely to Slash Jobs

Major Australian bank Westpac Tuesday reported $1.55 billion in cash earnings for April, May and June, down about 2 percent on the average for the first two quarters. Reported net profit after tax for the same period was approximately $1.45 billion.

Australia Stock Market Close 08/16/2011

MARKET CLOSE (4.30pm AEST)The Australian sharemarket pulled back in the second half of trade to wipe out a portion of yesterday's stellar gains. The ASX 200 index (XJO) fell 0.8 pct or 35.6 pts to 4247.3 while the broader All Ordinaries index (XAO) dropped 0.7 pct or 29.5 pts to 4317.3.

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