COMPANIES

Apple Inc's iPhone 5S, iPhone 5C Launch: Can Apple Redeem Its Former Glory? (VIDEO)

Apple Inc. has sent out invitations for its event at the company's Cupertino headquarters on Sept. 10 which is also the same date that Apple is rumoured to release the latest iPhone 5S and iPhone 5C. Investors of Apple Inc. may be crossing their fingers since they are hoping the company will launch better and more innovative products than its closest competitor, Samsung Electronics, to boost the stock price to the $700 level.

Australia Under New Management: Abbott’s Promise to Abolish Carbon Tax, What Does it Mean and Why Greens Will Turn Red

With victory in his pocket and claiming a mandate to act, Prime Minister-elect Tony Abbott has vowed to immediately scrap the hated tax on carbon polluters, popularly called Carbon Tax. He is reported to have instructed his team on Sunday to begin drafting legislation to abolish the carbon-pricing scheme. Meanwhile, businesses are warning that the economy will face a multi-billion-dollar drag, if the opposition Labor and the Greens succeed in thwarting Abbott's plans.
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Samsung Galaxy Gear, Google Glasses to Spur More Tech-Designed Wearable Body Gadgets

The official launch of the Samsung Galaxy Gear smartwatch and the arrival of Google Glasses are signalling a transformation of body wear products by tech firms. Holding a phone in your in hand requires additional effort and most people are not comfortable having traditional headphones in their ears. These can also get damaged easily.

Samsung Galaxy Gear Released; Smartwatch to Cost $299 (VIDEO)

With competition growing toward the holiday season, Sasmung has released its response to the iWatch, the Samsung Galaxy Gear at a trade show in Germany. Others like Sony, Microsoft or Amazon already have one in the market or are planning to launch one in the near future. Not to mention patents galore. For instance, Apple Inc has already filed for trademark applications in Mexico, Japan and several other countries. Apple's trademark patent was one reason why its rivals want to release their v...

Chobani Yogurt Recall: CEO Apologises, Offers Refund for Yogurt with Molds {VIDEO)

Chobani, the largest Greek yogurt manufacturer in the U.S., announced a recall of some yogurt cups said to contain molds after the company received several complaints of people getting sick after eating its products. According to Chobani, less than 5 per cent of its total yogurt production was discovered to contain molds. The contaminated batch of Chobani yogurt came from the company's facility in Idaho.

Canada’s Apex and Lockeed Martin (NYSE:LMT) Ink Agreement on F-35s Amid Scrutiny Over Delivery Delay Costs

Apex Industries Inc is the most recent firm from Canada to join hands with Lockheed Martin (NYSE: LMT) in developing the F-35 Lightning II program. The contract agrees to the use of Apex’s aluminium metallic parts that make up the wing and the forward fuselage. The agreement was described as a "multi-year" contract with all the work to be done at the New Brunswick, Moncton-based Apex facility.

Huawei Australia Opens Brisbane Office, Launches Undergraduate Program to Send Students to China Headquarters

Huawei Australia has announced the opening of a new office in Brisbane with nine staff to be added to its staff of 700, to which 85 per cent of that number are locals. Huawei already has offices in Sydney and Melbourne. The opening of the new Brisbane office will help extend the company’s operations and consumer reach in Australia. The Lord Mayor of Brisbane Cr Graham Quirk has signed an agreement with Huawei, a telecommunications giant in China, to encourage local students to study and learn...

Baxter’s Global Acquisition of Gambro Cleared by ACCC

Australian Competition and Consumer Commission (ACCC) on Wednesday said, it will not oppose the proposed acquisition of Gambro AB by Baxter International Inc. This decision of the Commission follows an undertaking submitted by Baxter that it will sell part of its Renal Replacement Therapy business.

Microsoft Wins Patent Battle Against Google's Motorola, Gets $14 Million in Damages

Microsoft won the patent trial against Motorola as the courts decided that the company failed to observe fair and reasonable licensing terms when it negotiated with Microsoft over the Wi-Fi and H.264 intellectual property. A district court had previously ruled that the standard, essential patents of Motorola were not worth $4 billion as claimed by the company. According to Microsoft's public statement, the patent trial win was a milestone for those who want tech products to be affordable and...

New York Store Staff Gets Even With Boss from Hell

If Lenovo Chief Executive Officer Yan Yuanqing could be considered the ideal boss, having given this week his more than $3 million bonus to the tech firm's 10,000 workers, the opposite is true for the store manager of Journeys in Rochester, New York, whose staff resigned en masse by publicly leaving their open letter to him.

Kim Dotcom Quits Mega; Will Focus on Other Projects, Legal Battles & Political Aspiration

Kim Dotcom seems to have a few more surprises up his sleeves. After his tweet about plans to launch a political party in New Zealand - a leak which he attributed to “whistleblower”- picked up storm, it is now known that he quit as director of Mega, the cloud hosting service that he launched with much fanfare in Jan 2013, after his previous file sharing venture Megaupload was shut down in a U.S. driven operation, following allegations of mass copyright infringement and money laundering.

Australian Packaging Major Amcor; Poised for Growth in India

Australian packaging major, Amcor Ltd., is strengthening its position in the growing Indian packaging sector to achieve organic and inorganic growth. Meanwhile, reports say, the company plans to split its divisions - retaining its plastics divisions and establishing a new company for its other units.

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