BUSINESS

Adelaide Holden Plant Slashes 170 Workers

Dwindling sales of locally built car models plus a high Australian dollar have forced auto maker Holden to slash 170 positions from its Elizabeth, South Australia manufacturing factory.

Australian Stock Market Report – Afternoon 11/2/2012

Despite a positive start, local stocks ended Friday's session only modestly higher, as investors pared back ahead of a key US jobs report being released tonight and next week's local interest rate decision. After hitting 4507 points in early trade, the All Ordinaries Index (XAO) finished the session only 3.4pts higher at 4483.3, a gain of 0.1pct. Over the course of the trading week, the XAO lost 0.3pct during extraordinary circumstances where Hurricane Sandy caused the New York Stock Excha...
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Australian Stock Market Report – Midday 11/2/2012

The Australian sharemarket is improving modestly at lunch for the fourth time this week, with the All Ordinaries Index (XAO) up 0.2 per cent or 10.9 pts to 4490.8. Yesterday was the worst day for the local market in three months however, with equities slipping by 1.2 per cent due in part to unimpressive economic news in China.

Why Is US Economic Growth So Anaemic?

- US growth is anaemic- Households are doing the right thing - Public sector debt is the keyBy Eva BrocklehurstWhy has US economic growth been so anaemic? Why for so long? Is there light at the end of the tunnel? The answers, according to DBS Bank, lie with public sector debt.

Nokia’s Latest Phone Line Up

Nokia was the holder for several years of the crown of having the most number of mobile phone users in the world. It all changed with the introduction of smartphones, powered by the regal system iOS, and the democratic approach of the Android Project. Nokia has joined the fray with Symbian; however, the phone line ups with this OS didn't last long.

Samsung ATIV Tab vs Windows Surface

Windows Surface has been released recently together with new Windows version - Windows 8. A lot of computer brands likewise rolled out their own devices such as smartphones and notebooks with the new OS.

Australian Stock Market Report – Afternoon 11/1/2012

The Australian sharemarket pulled back for the first time this week, with the All Ordinaries Index (XAO) slipping by 1.2 per cent or 55.5 pts to 4479.9. Today was the worst day for the local market in three months and the XAO finished the session at its lowest point of the day.

Windows 8 Gets Stunning Reception-- Steve Balmer

Windows 8 is rolling out in stunning fashion, attracting millions to install the newest version of the Microsoft operating system barely a week after its launch, company chief executive Steve Ballmer said on Wednesday.

Australian Stock Market Report – Midday 11/1/2012

The local share market is giving back yesterday's gains, with falls in energy, mining and financial stocks contributing to the sell-down. Overnight, Wall Street resumed trade for the first time since Friday night, with the Dow Jones Index finishing modestly lower. At lunchtime in the East, the All Ordinaries Index (XAO) is down 32.3pts or 0.7pct to 4503.1.

Samsung ATIV Device Line-Up

With Windows 8 launched late this October and several famous brands such as Lenovo, ASUS, Dell, and Microsoft itself releasing new devices that will run on the new OS, Samsung has made a new line of devices exclusively using Windows 8, which make this set of devices sync to each other. Samsung will tap in this new generation of Windows together with its features and amazing power.

More to the German Gold Story

Last week we mentioned that Germany's audit office wanted the Bundesbank to make sure German gold held in foreign vaults is...you know...actually there...and has not been leased into oblivion, never to back sound money again. Well the story gets better.

Smart Kids Drink More as Adults, Non Drinkers ‘Dull’

The government finally published its Asian Century white paper this weekend. It sure sounds impressive. With the kind of timing this government has, a giant meteor will strike the Asian continent and destroy it sometime next week.

Japan’s Economy: The Test Tube Baby for Monetary Policy

Here's a question: if the machines and bots have largely taken over the share market, why did the New York Stock Exchange close for weather-related reasons two days in a row? It's the first time the NYSE has done that since the 1880s, way back in the 19th century. Maybe this will be a dry run for markets that operate without physical trading floors.

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