COMPANIES

Door to Fairfax Board Room Still Close to Gina Rinehart

For the second time, Fairfax Media closed its board room door to majority shareholder and mining billionaire Gina Rinehart. The media company opted to replace retiring director Sam Morgan with advertising executive and TV personality Todd Sampson.
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Australia to Ship Toxic Waste to France

Australian chemicals company, Orica, announced on Tuesday that it filed an application for toxic waste material to be shipped to France

Starbucks Sells 24 Stores in Australia to 7-Eleven Owner, The Withers Group

Coffee giant Starbucks sold its 24 stores in Australia to The Withers Group, which owns the 7-Eleven franchise in the country covering 600 outlets. Prior to the sale, Starbucks, which opened its first store in Sydney in 2000, was wholly owned by Starbucks in the U.S., based in Seattle.
A woman looks at the screen of her mobile phone in front of an Apple logo outside its store in downtown Shanghai September 10, 2013.

Apple Inc (AAPL) 'Significantly Underweight' Among Top 100 Holders of Stock

Apple Inc stock has significantly declined in the portfolios of major tech investors compared to stocks of companies like Microsoft and HP in an analysis from Morgan Stanley. According to the report, analysts believe the low portfolio allocation will benefit Apple Inc as it prepares to release new products soon including the iPhone 6 and long-rumoured i-Watch.
A man looks at an electronic board displaying Japan's Nikkei average (top C) and various countries' stock indices, as passers-by walk past outside a brokerage in Tokyo April 16, 2014.

Global Markets Overview – 5/26/14

Equities managed to get into the weekend on a positive note, but developments out of the weekend remain on the European front. The dominant theme from Friday's session was modest US dollar strength with a solid new home sales reading helping sentiment along. The greenback enjoyed good strength against the yen and the euro, with USD/JPY nudging the 102 level. This puts the Nikkei in a very good position at the open today and we are currently calling it up 0.8% to 14,573.
Supermarket

Coles to Open 31 Stores, Create 8,000 Jobs in Queensland

Residents and consumers in Queensland are expected to benefit from the plan of supermarket giant Coles to open 31 stores across the state within four years. The move is expected to create 8,000 jobs.

New Lemonhead Mascot Beats People's Reactions to McDonald's Happy [PHOTO, VIDEO]

If the recent McDonald's Happy terrified Twitter and most social media users, The Lemonhead candy brand's new mascot might just top that. Ferrara Candy Co. rolled out an updated new mascot and introduced him on Youtube, Twitter, and Facebook last Sunday. Just like McDonald's Happy not getting a positive welcome from social media users, "Lemonhead" starts to receive the same feedback.

Two Marijuana Stocks to Watch for 2014

Analysts at Motley Fool say there are only two marijuana stocks worth taking investment risk - GW Pharmaceuticals and Medbox.

Adam Levine Decides to Become a Race Car Driver

"The Voice" coach Adam Levine has decided to try his hand at racing cars. The multi-talented performer was shocked to learn about actor Patrick Dempsey's acting career and was inspired by the discovery.

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