BUSINESS

Wal-Mart Cuts iPhone 5 and iPad Prices

As the release date of iPhone 5S and iPhone 5C is drawing near, retail outlets are slashing the prices of the devices in their inventory. The latest in this line is Wal-Mart which has started to carry the iPhone 5 and third-generation iPad at a steep discount, at least for Apple products.

Australian Stock Market Report – Afternoon 9/3/13

The Australian sharemarket edged higher, with the ASX200 Index (XJO) cracking through 5200pt mark for the first time since the middle of May. The closure of US markets overnight due to the Labor Day holiday kept investors a little quieter than usual however.
More news

Yahoo! Finally Shuts Down China Services

Yahoo! has finally shut down and folded up its operations in China, in what is to be an expected scenario since the company began its gradual phase out beginning with the closure of its e-mail service in August.

No Rush To Buy Uranium

By Greg PeelThe spot market for uranium was never of much interest until the big surge took prices up well over US$100/lb in 2006.

Australia Collaborates with Tamil Nadu in Indian Food Processing Sector

Australia is looking to strengthen collaboration with food and food-processing companies in the Indian state of Tamil Nadu. This was announced by Michael Carter, trade commissioner, Australian Trade Commission in India, on Friday. Carter was speaking at the 3-day 10th Indian Food Processing and Food Technology Fair, 'Foodpro 2013' in the state capital, Chennai.

Australian Stock Market Report – Midday 9/2/13

The Australian market has shrugged off the weakness from global markets on Friday, with the All Ordinaries Index (XAO) up 0.7 per cent. Some better than expected signs for China's manufacturing sector on Sunday are helping lift equities at lunch. The XAO remains well above 5100.0pts.

The Bull in the China Shop

The mainstream view is that China can smoothly transition its economy from construction to consumption. This is a dangerous illusion.

Is a 50% Market Decline Possible?

Before we get stuck into today's Daily Reckoning, just a reminder to watch out for a special report from Gowdie Family Wealth editor Vern Gowdie tomorrow. Vern makes some pretty big claims. We won't go into it here, but if you think we're bearish, check out Vern's well-reasoned analysis for a comparison.

Vodafone and Verizon are to Start Talks for U.S. Wireless Stake Sale

According to reports Vodafone Group and Verizon Communications are in advanced discussions about a sale of the holding for about $130 billion. Vodafone Group Plc (VOD) is in talks to sell its 45 percent stake in Verizon Wireless to U.S. partner Verizon Communications Inc. in what would be the biggest deal in more than a decade.

New Zealand Parliament Bans Software Patents; IT Industry Rejoices

It is a major piece of legislation and could change the way we know software. It is a move that is expected to improve the system and drive further innovation. The New Zealand parliament on Thursday passed legislation that bans software patents. The motion was passed by a 117 to four vote and followed five long years of parliamentary debate. However, the legislation will only affect new patent applications. It means that existing software patents in New Zealand will continue to remain in force.

Australian Stock Market Report –Evening 8/30/13

The modest improvements recorded at midday were built on in the afternoon, with shares closing at intra-day highs. The All Ordinaries Index (XAO) jumped by 0.8 per cent, the fourth improvement for the week and pushing the XAO back above 5100pts.

Pages