COMPANIES

A380 Rolls-Royce engine blowout cost Qantas $80M

The A380 Rolls-Royce engine incident and fleet grounding had cost Qantas Airways Ltd (ASX: QAN) an estimated $80 million, with $55 million in the first half and $25 million forecast in the second half.
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Privacy Commissioner: Vodafone breach customers privacy

Vodafone has been cleared by the Privacy Commissioner of accusations that the company had permitted the data leakage of its four million subscribers but it was ruled that the telco failed to institute appropriate safeguards that would shield its clients’ information from the public eye.

Virgin suspends Darwin flights due to cyclone Carlos

Virgin Blue Group (ASX: VBA) has suspended flights in or out of Darwin tonight and tomorrow, following advice from the Bureau of Meteorology and the closure of Darwin Airport due to tropical cyclone Carlos.

Qantas counters Virgin's move by deploying 747s on Sydney-Perth routes

Australia’s national carrier Qantas Airways Ltd (ASX: QAN) is deploying internationally configured wide-body aircraft, including its Boeing 747 aircraft, on domestic Perth routes. The move comes as Virgin is poised to launch Airbus A330 services to Perth as part of its plan to snare a bigger slice of the corporate market.

Apple admits existence of child labour on assembly facilities

Apple has admitted on its latest report auditing the tech firm’s contracted suppliers and manufacturers that some 91 child labourers were employed by mainly Chinese companies assembling the popular gadgets marketed by the US consumer electronics giant.

Strategic Airlines introduces Gladstone flights

Strategic Airlines, Australia’s newest full service airline has added Gladstone to its list of destination with plans for 20 jet flights weekly between Gladstone and Brisbane commencing from 18 April, 2011.

Telecom New Zealand expands relationship with Brightstar

Brightstar, a global provider of services and solutions for the wireless industry, has signed a new, three-year supply chain agreement with Telecom New Zealand Ltd, New Zealand's largest telecommunications service provider, to provide supply chain services for all mobile, broadband and fixed line products.

Foster's to separate struggling wine unit

Foster’s Group Ltd says it will proceed with a structural separation to create independent ASX listings for its wine business and its beer, cider and spirits business, as it posted first-half profit below expectations.

Westpac criticizes NAB's new marketing tact

In spite a slight decline in its first quarter earnings by 3 percent to $1.55 billion, Westpac Banking Corp does not intend to follow National Australia Bank's new tact in attracting bank clients.

Boeing launches its new 747-8 Intercontinental

Heralded by the aircraft maker as its airspace footprint into the future, the new Boeing 747-8 Intercontinental shed the traditional blue imprint of the old days and instead opted for a flaming red and orange colour scheme, which the company hopes will bring in more fortune and prosperity as it races against fiercest rival Airbus.

Australian Fairtrade sales triple to $120 million

Australia continues to be one of the world’s fastest growing markets for Fairtrade Certified products with sales tripling in just 12 months to over $120 million in 2010, Fairtrade Australia & New Zealand (Fairtrade ANZ) announced today.

Thiess Services JV secures $350M Telstra deal

Leighton Holdings Ltd (ASX:LEI) says its Thiess Services will benefit from a major five year Telstra contract awarded to Silcar, a joint venture company between Thiess Services and Siemens Ltd.

Qantas rejects claims from pilots’ union

Australia’s national carrier Qantas Airways Ltd (ASX: QAN) says claims being made by the Australian and International Pilots Association (AIPA) about Qantas pilots’ job security being under threat are completely unfounded.

Woolworths denies CEO’s imminent departure

Giant supermarket operator Woolworths confirmed reports that recruitment firm Ergon Zehnder is on the lookout for new executives that would fill up vacancies in the retail group.

Moccona's romantic Valentine's Day iphone app

Moccona is giving romantics a little help this Valentine's Day with the launch of the free ‘Go Somewhere Special' application, for iPhone users who are heading out on a date on February 14th.The iPhone application encourages people to embrace more romance and add an element of mystery when inviting their partner or a special someone on a date this Valentine's Day. Through the use of augmented reality technology, the app will guide the chosen recipient to the date location with a trail ...

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