America's Sears to Close Down 120 Stores Soon
Sears chief executive Lou D'Ambrosio announced on Tuesday that up to 120 Sears and the iconic Kmart stores will close shop soon, citing that the outlets targeted for shutting down failed to generate "the results we were seeking during the holiday."
Foxconn Reveals $1-B Production Upgrade Plan in China
Foxconn, assembler of Apple's iPad and iPhone, has unveiled plans to upgrade its production capacity in mainland China, expanding the company's existing plant in the country's Henan province, reports said.
PM Gillard Downplays Reports of Excessive Spending to Keep Her Allies
Prime Minister Julia Gillard has rejected suggestions that her government liberally utilised the lure of money to win support among members of the Parliament for its legislative agenda.
U.S. Military to Allow Closer Coordination with Pakistan After Deadly Border Incident
U.S. military officials have indicated willingness to share necessary information on America's operations in areas spanning the borders of Afghanistan and Pakistan in attempts to salvage strained relationship with Islamabad over a deadly air strike last month that killed Pakistani troops.
Data Analytics Set to Collect Windfalls in 2012
Smartphones and tablet computers may continue to dominate the tech world next year but the big money may be harvested from one lesser known segment of the industry - data analytics.
Android Poised to Increase Market Share with 'Ice Cream Sandwich'
The release of Android 4.0, also known as Ice Cream Sandwich, paves the way for the mobile platform's further ascension in the tightening battle for mobile market supremacy, reports said.
Samsung Set to Acquire Full Control of LCD Partnership with Sony
Sony and Samsung announced on Monday a deal that would transfer whole ownership of S-LCD Corp, an entity jointly-owned by the two consumer electronic firms, to the South Korean tech giant.
British Economy Faces Deeper Recession in 2012
Tighter spending policy and deteriorating economic states of immediate neighbours may push British economy into a new recession.
Brazil Inches Further with Economic Growth, Surpasses UK
Declining Euro economies have catapulted Brazil past the United Kingdom this year, placing number six on the strength of the former's rising trade partnerships with growing Asian economies, mostly led by China, Japan and India.
Aussie Tourist Gets Tattoo, HIV from Indonesia
Getting tattoos overseas turned out deadly for an Australian who tested HIV positive last week, with authorities confirming over the weekend that the patient contracted the virus while vacationing in Bali, Indonesia.
Heavy Rains Dampen Christmas Celebrations in Northern Australia
Signalling the onset of La Nina, heavy rains battered the northern coast of Australia over the weekend that mostly dampened Christmas celebrations in the region while allowing some rays of sun in the far east of the country.
Casino Player Collects $100,000 Jackpot Price Won Last Year
Christmas 2011 came big for an Adelaide woman following the disappointment last year when casino officials refused to honour her slot machine win, denying her the $100,000 jackpot.
Retailers Expect to Generate More Than $1-B Sales from Boxing Day Sales
Retailers are jostling to get a prime piece of the projected $1.1 billion gross that the Boxing Day is expected to generate on Monday, a fraction of the more than $14 billion that Australian consumers are set to unleash in the days ahead.
NZ Wildlife Officials Reveal 'Birth' of New White Kiwi Chick
The decimated number of the rare white kiwi in New Zealand got much-needed boost this week as a second chick was reportedly hatched in the country's wildlife sanctuary, officials of the centre revealed on Friday.
No More CES Events for Microsoft After 2012
No more Steve Ballmer talks and antics on future CES gatherings as Microsoft has decided to pull out from the yearly showcase of new electronic products, making the Las Vegas show on January 2012 the last for the software giant.
Report: Galaxy Tab Soon to Hit Germany
Samsung has won the favor of courts in Australia and the United States for its Galaxy devices to hit the market and soon enough, according to reports, the South Korean firm may win the nod of the German court.
Joint Study IDs West Sydney as Likely New Airport Location
The next international airport of Sydney could be located at the Nepean district, west of the city, which according to a plan drafted by a federal government taskforce, is best-suited to serve the growing needs of the premier global traveling hub.
Labor Lures Coalition for a Compromise on Refugee Solution
Acting Prime Minister Wayne Swan has agreed to the Coalition's wish that asylum seekers apprehended on Australian waters be processed instead on Nauru but stopped short of offering protection visas that the Liberals have been demanding as a compromise.
Swan: Moody's AAA Rating Affirms Australia's Robust Economy
Federal Treasurer Wayne Swan said on Friday that the Australian economy is robust and growing as reflected by the latest Moody's assessment that maintains the country's AAA credit rating.
Philip Morris Asks High Court to Declare Cigarette Plain Packaging Unconstitutional
Philip Morris has ramped up on Tuesday its legal battle against Australia's planned cigarette plain packaging laws that the giant tobacco company said will rob its of its intellectual property rights.
IDC Report: Australians Buy More Samsung Handsets in September Quarter
Samsung phones topped the list of bestsellers in Australia in the September quarter on the back of demand for the Galaxy SII and its stripped-down versions.
Samsung Galaxy Products to Get Android 4.0 Updates in Q1 2012
Samsung intends to line up its Galaxy product lines for the much-awaited update to the new version of the Android mobile operating system, the Android 4.0, by the first few months of 2012.
CNN's Piers Morgan Denies Direct Hand on Hacking Activities
Popular talk show host Piers Morgan flatly rejected on Tuesday accusations that he was involved in phone hacking incidents while serving as editor of the UK-based Daily Mirror more than a decade ago.
Why did the Saudi Prince Buy Twitter Shares for $300 M?
Saudi billionaire Prince Alwaleed bin Talal has reportedly snatched up Twitter shares on Monday amounting to $300 million.
AT&T Ends Quest to Takeover T-Mobile
AT&T announced on Monday that it has officially withdrawn plans to acquire T-Mobile USA from Deutsche Telekom, effectively ending the $39 billion merger deal that the two telcos sealed earlier this year.
Baghdad Orders Arrest of Sunni Vice-President
Barely a day after the last of U.S. troops left Baghdad, Iraqi authorities ordered on Monday the arrest of one the country's vice president on charges that he ordered terror activities to destabilise the government.
More RBA Cuts to Come, Depending on the Euro Crisis
Threats of recession in Europe and a general slow down on major Asian economies would likely lead the Reserve Bank of Australia (RBA) to implement more cuts on the country's cash rate come the first month of 2012.
Australia Calls for Regional Cooperation to End Human Smuggling
The continuing human smuggling cases require efforts coming from Australia and its regional neighbors to finally put an end to such unfortunate occurrences that already killed many would-be immigrants.
Victoria Supreme Court Rules Thalidomide Law Suit Heard in Australia
Australians seeking redress from German drugmaker Grunenthal will have their day in court in Australia as Victoria's Supreme Court ruled on Monday that the class suit should be heard locally.
Philippine Authorities Start Burying Flood Victims on Mass Graves
Philippine authorities have begun mass burials for the hundreds of flash flood victims killed by a tropical storm that struck days before the island nation celebrates Christmas festivities, media reports said.