BUSINESS

Australian Stock Market Report – Midday 3/4/2013

Aussie market hit by weak metals and dividend payments. US markets were hit by lacklustre trading as investors waited to see what would happen to the planned spending cuts in the US. By the close Wall Street closed slightly higher boosted by better than expected economic data and end of week buying. European Market hit by falls in key banking stocks and the news Eurozone unemployment had hit 11.9% in January.

Chris Lynch named new CFO at Rio Tinto

On the 28th of February, Rio Tinto Plc informed that Chris Lynch, a former BHP Billiton Ltd. executive, was named its new chief financial officer. Chris Lynch will replace the much-respected and committed employee Guy Elliot who informed about his intention to step down back in July 2012.

There are Two Things in New York, Business and Success

Even though many years have passed since Frank Sinatra's song New York, New York had its debut, its verses are still actual. Certainly, New York can be described with many words but homogenous. The city, which seems to be magical as it lures businessmen, tourists and those who want to just simply live there, is full of opportunities also for business.
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Australian Stock Market Report – Afternoon 3/1/2013

The local share market battled calendar headwinds today stemming from the end of week and the start of a new month. The ASX200 fell 0.35 per cent to 5086; the All Ordinaries index slipped 0.38 per cent to 5100.9 points. A consistent theme for the local market this year has been the willingness of investors to support the market in the face of weakness. This remained the case on Friday. Almost $6 billion shares were traded during the session. There were just over 2 billion transactions, 416 stock...

Vodafone Shifts Call Centre Jobs from India to Tasmania

In a move that goes against global trends, Vodafone, one of the largest telecommunications service providers in the world, announced it would move call centre jobs from India to Australia.

Australian Stock Market Report – Midday 3/1/2013

The Australian sharemarket is pulling back for the second time this week, with the All Ordinaries Index (XAO) down 0.4 per cent or 18.4 pts to 5102.0. The market has been losing ground for much of the morning ahead of two important economic reports out of China. The official government report out at 12pm (AEDT) was worse than expected and came in at 50.1. This is a sign of only modest expansion whereas the market was expecting a reading of 50.5.

2013 Papal Conclave: Search for New Pope Heats Up Stakes in Online Betting (PHOTOS)

Now that Joseph Aloisius Ratzinger has formally relinquished his papal duties as the 265th pope, all focus is now on who will emerge the 266th pope of the Roman Catholic Church. The anticipation is not only felt by believers of the faith but also by punters who aim to earn cash as the stakes go higher and higher at online betting forums.

Samsung to Sell Black & White Galaxy S4 on March 14

Samsung will limit the colour variants of the Galaxy S4 to black and white, likely ditching the colourful flavour mixes that partly made the Galaxy S3 a global hit, a new report said.

China's Dire Need To Urbanise

By Andrew NelsonIf China ever had an economic golden age, it was the 2000s. The poor moved to the cities, the cities sprung up like grass, the infrastructure reached many that were left in the hinterlands, millions were lifted out of virtual serfdom and per-capita GDP just about quadrupled.

A Bout Of Indigestion

By Peter Switzer, Switzer Super ReportWas Friday's market comeback of 38 points, after the 2.3% loss on Thursday, one of those sucker's rallies? Are we ripe for a pullback and is the US expert Dennis Gartman right when he tips a 7% slump in stocks is on the cards?Right now I am as popular ...

Australian Stocks: What Happened Today?

The analyst principally responsible for the production of this research report is: Howard Humphreys, Director & Lead Research Analyst, Seismic ResearchAsian stocks mixed ahead of U.

Australian Stock Market Report – Afternoon 2/28/2013

The tone of global investment markets has continued to improve in the last day. Concern about the Italian political landscape has continued to ease. Investor support at an Italian bond auction overnight led to a better atmosphere amongst European participants.In the US, figures released continued to paint an encouraging picture of the US housing market with pending home sales rising 4.5% last month compared to an expected increase of 1.0%

Android 4.1.2 Update for LG Optimus G: A Do-it- Yourself Guide

The latest version of Android 4.2.2 Jelly Bean has been recently released by Google and the Nexus device lineup would be the first to feel a new experience. Many Android devices are still not up-to-date including those from the LG lineup such as LG Optimus G. In October 2012, LG made a press release about the Jelly Bean update for Optimus G supposedly available two months after the announcement.

2013 Pope Resigns: Camarlengo Takes Over Business Inside Vatican (PHOTOS)

At 1900 GMT on Thursday, Feb. 28, the secular faith Roman Catholic Church enters a period known as "Sede Vacante" or Vacant See. Immediately, a senior cardinal, who will be referred as "camerlengo" or chamberlain, temporarily takes over interim powers of the Catholic Church until such time a new pope is elected.

Australian Stock Market Report – Midday 2/28/2013

The local sharemarket has opened higher today after upbeat economic data in the US lifted investor sentiment and better than expected bond auctions in Italy saw European markets rebound. At noon, the All Ordinaries Index (XAO) is up 34.6pts to 5087.7pts.

Apple May Lose Most Admired Company Tag as Share Prices Plummet 37%

Apple Chief Executive Officer Tim Cook admitted to shareholders at the company's yearly meeting on Wednesday that he didn't like the downward trajectory of the company's share prices. He was responding to alarm by shareholders that Apple stocks are down 37 per cent since September 2012.

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