Andrew Forrest will retire as Chief Executive of Fortescue Metals Group Ltd's and take over as its chairman, to get a relief from the everyday operations of the iron ore mining company.
Connective has promised service will be at the core of its white label offering, to be launched early in the new financial year in partnership with National Mortgage Company.
The Apple-Samsung legal battle has escalated last Friday when Samsung filed a motion for Apple to provide Samsung a sample of the next generation iPhone and iPad. Samsung claims that seeing the new Apple products will help Samsung evaluate any possible similarities to the Droid Charge and Galaxy Tab 10.1.
Westpac (ASX: WBC), one of Australia’s largest banks, has received final approval to open a branch in Beijing from the China Banking Regulatory Commission.
Australia’s peak body for the building and construction industry says it could not support the introduction of a carbon tax from 1 July 2012 unless the government properly addresses the cost impact and uncertainty in relation to the increased cost to housing and to the building industry.
One out of four Australians will likely retire without homes given the present attitude toward superannuation, according to Retail Employees Superannuation Trust (REST).
Samsung Electronics Co., Ltd., the world leader in advanced memory technology, today announced that it is the first in the industry to start mass producing 32 gigabyte (GB) memory modules, essential for cloud computing and advanced server systems, using 30 nanometer (nm) class* four gigabit (Gb) DDR3 DRAM chips.
Mars Chocolate Australia has announced that it will source enough Rainforest Alliance Certified cocoa to cover the production of its iconic Mars Bar.
Shares in truck and trailer equipment supplier and manufacturer Maxitrans were one of the stars yesterday in a dull market.
Swiss food group Nestlé has unveiled "BabyNes", which consists of a range of single-serve capsules to feed infants from birth up to three years of age.
Suncorp confirmed yesterday that its over-exposure to insurance is still hurting the company.
Australian Xbox users were given an early Christmas present when Foxtel declared that there will be no data charges for Telstra BigPond customers who are signed up to the Xbox 360 service. The pay subscription service also announced that BigPond TV channels which include the AFL and NRL channels, TVN and BigPond Sport TV will become available to Xbox gamers who use Foxtel's Xbox package.
A gradual implementation of the carbon tax is the favoured scheme of industry groups led by the Business Council of Australia.
Suncorp Group, Australia's biggest general insurer, aims to increase its insurance margin by three percentage points next in the next financial year and double its profit in New Zealand over the next three years.
Just when you thought it was safe to trade in your cash and credit cards for Google Wallet, PayPal and eBay launch a lawsuit to stop Google in its tracks. A day after Google launched its new mobile e-payment service, PayPal and eBay filed a lawsuit alleging that Google's new payment service was the result of some shady corporate dealings.
ING Direct is reducing the variable interest rate on its 100 per cent offset home loan product, Orange Advantage, by 0.10 per cent p.a. from today 30 May 2011 amid toughening competition among Australian lenders.
Gulfstream Aerospace Corp. has resumed the G650 flight-test program, following a temporary suspension of flying after an April 2 accident. The first flight since the accident took place May 28, with Serial Number 6001 flying for 1 hour and 39 minutes. The crew included senior experimental test pilots Jake Howard and Tom Horne and Flight Test Engineer Bill Osborne.
UK-based navigation and positioning solutions company Veripos will open a branch office in Perth to provide sales and support for both Australia and New Zealand.
Engineering conglomerate Ausenco Ltd (ASX Code: AAX) had secured another contract with Beadell Resources Ltd (ASX: BDR) to manage the $75 million processing plant delivery at the Tucano gold project in Brazil.
In the decade since Microsoft announced Software Assurance, many customers have found it cheaper to skip upgrades rather than pay up front for the rights to them. Essentially, the licensing program does the opposite of its design.
Twitter's acquisition of TweetDeck was finally made official this week. Twitter will buy the popular feed organizer for $40 million US dollars. The move has users in a twitter if their beloved third-party client could be stripped clean by Twitter.
Golden Circle, a subsidiary of US-based Heinz Corporation, based in Brisbane, Queensland, has sacked 350 workers, causing a major blow to food production and food processing in Australia.
Westpac (ASX: WBC) has now assured there had been no compromise of its security or systems.
A number of credit card numbers were cancelled by the Commonwealth Bank and Westpac in fear that they might have been compromised and opened to fraudulent activities.
Trolley thieves beware. Woolworth has launched a new mobile application that will allow people to report a lost trolley via GPS. The retail store giant hopes this move will reduce the $50 million lost every year in trolley collection and replacement costs.
Alice Springs Airport or ASA is delegated to be the first aircraft "boneyard" outside the United States after a deal for the construction and operation of the facility was concluded with a storage company this week.
Xcel Energy announced today it has launched its first-ever iPhone application called "Bulb Blasters," a game with a mission to conquer energy inefficiency.
Qantas pilots have reiterated that their dispute with current Qantas (ASX: QAN) management has nothing to do with pay and conditions.
Choice, an advocate of consumer rights in Australia, submitted a report to the Productivity Commission's retail inquiry and demanded that Australian retailers should explain and justify the astounding mark-ups of a minimum of 50 percent over the international internet companies' prices.
Google finally unveiled its long-awaited mobile payment application the Google Wallet this Thursday. After months of hinting at the application, customers were at last introduced to the mobile application that will allow users to "tap, pay and save" for goods and services.
