COMPANIES

Australia Stock Market - CLOSING - 08/09/2011

MARKET CLOSE (4.30pm AEST)The Australian sharemarket had a dramatic trading Tuesday as stocks staged an amazing comeback with the ASX 200 index (XJO) up 1.2 pct or 48.7 pts to 4034.8 while the broader All Ordinaries index (XAO) rose 1 pct or 40 pts to 4096.7.

BHP to Buy Leighton’s Pilbara Iron Ore Business

Global miner BHP Billiton is moving to gain control of its iron-ore mining operations in Australia's Pilbara region. Australia’s Leighton Holdings today announced it has signed a Heads of Agreement for the sale of the HWE Iron Ore entities and assets that provide iron ore contract mining services to BHP Billiton in Western Australia.

Coca-Cola Closes Factory, Axes 150 Workers

Significant pressure from the continued strengthening of the Australian dollar, and increasing competition has forced Coca-Cola Amatil to close one of its three food processing factories in Australia, resulting in 150 job cuts.

iPad Competitors Need to Lower Prices

A new analysis claims that tablet makers looking to compete with Apple's iPad should cut prices if they want to grasp the opportunity and they have a better chance in Europe than in the United States.
More news

NAB Posts Revenues in June Quarter

The National Australia Bank was able to deliver earnings in the June quarter as local and affiliate banks from offshore locations have contributed to business growth in spite the difficult conditions.

Australia Stock Market Report - CLOSING (08/08/2011)

AFTERNOON REPORT (5.20pm AEST)Stocks around the Asian region fell further into the red today as investors reacted to the decision by ratings agency Standard and Poor's to downgrade the long-term credit rating of the United States from AAA to AA+. Investors and traders remained on edge despite the Group of Seven industrial nations pledging a coordinated effort to ensure financial markets have enough liquidity.

Send staff home to work: Communications Minister

Businesses must change their attitudes about people working from home and use the internet to connect employees through "telework", the Minister for Broadband and Communications Stephen Conroy has announced.

Telstra to Offer Australia’s First Commercial 4G/LTE Device in August

After switching on its first 4G base stations, using Long Term Evolution (LTE) technology, in May, Telstra has now announced it would start selling Australia’s first commercial LTE device later this month. Businesses in Melbourne, Sydney and Brisbane will be the first to experience 4G/LTE mobile broadband.

iPhone 5: Why Apple is Delaying Launch of New Smartphone

According to research firm IDC, the smartphone market has recently crowned a new leader, and its name is Apple. Though many have been asking why the iPhone 5 is still not available in the Apple Store, the question that matters to Jobs is... Do they really need to release the iPhone 5 at this time?

Australia Stock Market -Closing (08/05/2011)

AFTERNOON REPORT- CLOSING (4.30pm AEST)The Australian share market fell to a two year low today, as global markets were heavily sold off on fears of a renewed global economic slowdown. US markets posted their biggest one day decline in two and a half years overnight while the local market had its worst one day fall since January 2009. The All Ordinaries Index (XAO) shed 183.2pts or 4.2pct to 4169.7. The All Ords closed at a level of 4097 on the 24th July 2009.

Sony Vita Delayed Until 2012

Sony's newest handheld device the PlayStation Vita will not be launching this year instead the gaming giant has pushed back the release of the gaming system into 2012.

Facebook Sues Shagbook for Trademark Name

Social media giant Facebook has filed suit against adult dating site Shagbook. The case: that Facebook's reputation would be damaged "by the issuance of a registration" of its name to Shagbook.

Australia Stock Market - Afternoon (08/05/2011)

AFTERNOON REPORT (12pm AEST)The Australian share market has fallen to its lowest level since July 2009 in early trade. Overnight European share markets slumped to 11 month lows on continued worries about European sovereign debt, while US stocks recorded their biggest one day decline in two and a half years. At lunchtime in the East, the All Ordinaries Index (XAO) is down 187.8pts or 4.3pct to 4165.1.

Consumer Group Urges Retailers to Embrace Online as More Aussies Go Digital

Consumer group Choice has advised retailers to see the online shopping world as consumers do, as an opportunity and not as a threat. Choice welcomed the Productivity Commission’s draft report into the Australian retail industry, saying it supports arguments in the consumer group’s submission to the inquiry.

Global Smartphone Market Greets New Leaders in Q2 Sales

Not only that Apple is on the roll, it is wreaking havoc on its competitors and according to the latest report issued this week by global research firm International Data Corporation (IDC), the tech titan’s second quarter smartphone numbers toppled perennial market leader Nokia of Finland.

Australia's Construction Sector Still Weak

The national construction industry remained in the doldrums in July with further declines in activity, employment and new orders. The latest Australian Industry Group Australian Performance of Construction Index (Australian PCI®) in conjunction with the Housing Industry Association, rose just 0.3 points to 36.1. It was the 14th consecutive month of contraction for the sector (readings below 50 indicate a contraction in activity).

Wikipedia Needs More Volunteer Writers

Taking note of the emerging trend that site contributors are migrating out of Wikipedia, founder Jimmy Wales revealed on Thursday that the web-based encyclopaedia is implementing tweaks that hopefully would lure fresh entry providers.

Microsoft vs Google Word War Heats Up

After a vicious blog post from Google's chief legal officer David Drummond that accused Microsoft and Apple of conspiring against Android, Microsoft isn't taking the high road but is firing back with tweets and blog posts.

Australia Stock Market Report - Closing 08/04/2011

AFTERNOON REPORT (4.30pm AEST)The local share market came under more selling pressure today, falling to 13 month lows as investors fretted over the health of the global economy and as a fall in tourism arrivals showed our strong dollar is continuing to have a negative impact on parts of our economy. Key US jobs data due out tomorrow night also kept many out of the market, with institutional buyers not willing to commit until it's clear how many jobs the world's biggest economy added i...

Pages