Reebok Australia is under fire for promising consumers toned thighs and calves if they use its EasyTone shoes. The Australian Competition and Consumer Commission has launched legal action against the sports company for making false, misleading, or deceptive representations about the workout shoes.
Bitcoins plunged to $625 in value as China bans the virtual money on real world use. Its price dropped by $200 when Zhou Jinhuang, People’s Bank of China’s deputy director of payment clearance, told third party payment providers that “they can no longer work with Bitcoin exchanges,” Forbes reported.
Sony and Microsoft released the PlayStation 4 and Xbox One. As the rivalry continues, gamers can look forward for more next generation consoles. Recent reports hint what people can expect from the next PlayStation 5 and Xbox. There were also reports showing the concept for the next-generation Wii. It will definitely be a packed season.
Melbourne man Steve Sammartino co-created the world’s first life-sized and drivable Lego car
Due to the popular and strong sales of iPhone 5S, Susquehanna Financial Group predicted that Apple’s stocks may go up to $650.
This particular Holiday 2013 Gift Guide features wonderful gifts that give back to those in need. It's a great feeling to receive gifts, but when you are giving gifts, it's even better. Whether you will be the giver or the receiver of gifts this season, it's a nice touch that someone else will benefit from this traditional exchange of gifts this Christmas. Some of the products mentioned in this gift guide include nail polish, makeup, accessories and even a bike!
China is no longer the stronghold of the world's supply of rare earths, according to a latest assessment released by the Pentagon of the U.S.' industrial base.
Cameras are great for taking pictures and more importantly preserving precious memories. With the advent of camera phones, it's not as popular as much as before. But, it is still highly coveted by photography enthusiasts and hobbyists who know that these babies are the best gadgets to take winning photos with. Check out this Holiday 2013 Gift Guide featuring the best cameras to give this Christmas.
And so it can be told. Dec 18, 2013 was indeed just another day in the calendar. Apple Inc and China Mobile Ltd have yet to arrive an agreement. Or perhaps announce it.
Canada is set to introduce changes in its Telecommunications Act in 2014 that will lift restrictions and pave the way for increased foreign ownership in the sector.
By Mitchell Clark, B.CommIt's less than two weeks prior to the Christmas break, and with the New Year on the horizon, that means it's time to sit down and really re-evaluate your portfolio.
By Evan Lucas, Market Strategist IG MarketsGood MorningDovish taper hawkish surprise from the FedThe market finally got its wish from September for a dovish token taper of $10 billion split evenly over mortgage-backed securities and treasuries.
Australian stocks finished slightly weaker today, as investors elected to remain on the sidelines until the US Federal Reserve delivers the outcome of its two day policy meeting.
Twitter Alerts was launched in Australia on Dec 17, 2013
Scoopon is paying 1 million for misleading businesses and consumers
The All Ordinaries Index opened higher by 4 points but quickly fell away and by lunch time the All Ords had recovered lost ground. The volumes on the market have been light as investors prepare for what will be a long wait ahead of tomorrow's outcome from the Fed's 2 day policy meeting. By 6am AEDT tomorrow we will know the outcome of the Federal Reserve meeting. Tomorrow could see trading volumes back to normal levels. So far today trading levels are around 60% of the average rate. Overni...
Trade in the US remains very cautious, and so quiet you can hear the wind blowing through the trader stalls as tomorrow morning's announcement from the FOMC inches closer.
In US economic news, consumer prices were flat in November but the core rate (excludes food and energy) rose by 0.2%, just ahead of forecasts of a 0.1% gain. The current account deficit narrowed from US$96.61 billion to a 4-year low of US$94.84 billion. Chain store sales were up 2.9% in the latest week on a year ago, compared with 2.6% in the previous week. And the NAHB housing market index rose from 54 to 58 in December.
About 17,000 New Zealand customers of the ANZ Bank joined a class action suit against the lender over excessive bank fees. The legal action was initiated by Fair Play on Fees Group.
Apple Inc. announces on Dec 16 that BEYONCE’ shatters iTunes Store records with 828,773 albums sold in three days
Google Inc., the world's largest Internet search engine, has just acquired the Boston Dynamics Robotics Company. Part of Google's acquisition are several robots made by Boston Dynamics including Big Dog, a four-legged robot dog that can climb hills and Cheetah, a really fast robot that can outrun Usain Bolt, who is believed to be the fastest human today.
Local stocks closed higher today for only the third time this month, although the All Ordinaries Index (XAO) finished off the day's highs.
Apple Inc. shares may have regained its momentum after climbing to its new 52-week high. Analysts are expecting the company to sustain its strong stock performance given Apple's massive gains from its iPhone and iPad sales across the globe. Analysts at Jefferies have agreed with others in increasing their long-term predictions and price targets for Apple Inc.
Google Inc. has been slapped with a legal motion by Canada's Competition Bureau, alleging the former that it has abused its dominant search position.
Elsewhere around the world, Dec 18 might just mean another regular, ordinary day. But for the telecom sector, most especially China's telecom sector, it could mean a historic day. Reports are rife that China Mobile may announce on Wednesday its long anticipated deal with Apple Inc. (AAPL).
The economy of New Zealand is expected to grow even stronger in the next two years, according to the Institute of Economic Research. A survey of economic forecasts based from various economic and financial agencies said that New Zealand is expected to have a broad-based annual growth rate of 2.8 per cent by March 2014 and 3 per cent in the 2014.
December hasn't been very kind for investors so far, however local stocks are moving higher at lunchtime in the East, following a positive offshore lead.
By Rudi Filapek-Vandyck"Extremely quiet" is the operative label that stands out from industry consultant TradeTech's weekly update on the spot uranium market.
As the global markets continue to look towards Thursday morning's announcement from the FOMC, Australian investors will be watching two very interesting public policy papers that are released today.
In US economic news, industrial production rose by 1.1% in November ahead of market forecasts centred on a 0.5% gain. The Markit ´´flash´´ manufacturing gauge eased from 54.7 to 54.4 in December, short of the 55.0 forecast. The Empire State manufacturing index lifted from minus 2.21 to +0.98 in December, but this was short of the +4.75 forecast. And overall net capital inflows to the US totalled US$194.9 billion in October compared with outflows of US$106.8 billion in September.
