BUSINESS

Global Tobacco Makers Gears up Further Devt of Smokeless Cigars

Giant tobacco firms are attempting to re-invent their products in the face of relentless onslaughts coming from government regulators and health experts, which have been actively pushing to limit the world’s smoking incidence in the past decade, report said.

Perth is Australia’s Most Expensive Night Out Destination – TripAdvisor

And Australia's most expensive night out destination award goes to Perth, which, according to TripAdvisor's TripIndex 2012, would charge $430.83 for two people just to spend a night at a four-star hotel, tour the city on a round-trip via taxi, get to enjoy cocktails at a five-star hotel bar and enjoy dinner with wine.

Australian Stock Market Report – Midday 8/13/2012

The Australian share market started off stronger this morning up 23 points after a strong close on Wall Street on Friday. The US markets closed higher for the 5th straight week and European markets closed just off recent highs. The volumes traded on the overseas markets were still quite low and are expected to stay that way throughout this week as most major European official departments will remain closed until the 20th of August this year. The All Ordinaries Index (XAO) held on to an 17 point ...
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Water, An Endangered Global Resource

By Richard (Rick) Mills, Ahead of the HerdAs a general rule, the most successful man in life is the man who has the best informationOur groundwater is being used up at record rates and claims to ownership are becoming increasingly contentious.

Gas Assets of UK to be Bought by Li Ka-Shing of Hong Kong

Hong Kong based billionaire Mr. Li Ka-shing, who controls a group of companies, has agreed on buying a UK based Gas Company named Wales and West Utilities. The agreement has been settled for 645 million pounds or 1 billion dollars. This latest acquisition by the tycoon will greatly boost his gas portfolio in Britain.

Queensland, NSW Dairy Farmers Urge Boycott of Coles, Woolworths Branded Milk

Dairy farmers from Queensland and New South Wales (NSW) are not taking the sides of either Coles or Woolworths in the two supermarket giants' price war. They instead urged on Sunday the boycott of the two supermarkets' branded milk at the ongoing Ekka, Queensland's largest public event which attracts over 400,000 visitors.

Richard Schulze Wants to Buy out Best Buy

Richard Schulze, the co- founder of Best Buy Co. (BBY), has offered to buy the company and this way make it private. It would be the fourth-largest U.S. retail takeover in the history. Richard Schulze remains the electronics chain's main investor. He has sent a letter to the board with a purchase proposal of $24 to $26 a share, thus he valued the company at $9.5 billion including net debt.

Australian Stock Market Report – Afternoon 8/10/2012

The Australian sharemarket lost a little ground for only the second time this week, following some disappointing economic news in China. The All Ordinaries Index (XAO) eased by 0.6 pct or 27.3 pts to 4302.8. Almost all sectors fell with the financial sector holding back the market most significantly.

House Prices in Hong Kong are Cooling

Following government measures to slow speculation, Hong Kong residential property prices rose only 6.7% (2.39% in real terms) during the year to May 2012, according to the Ratings and Valuation Department (RVD). In June 2012, home sales volumes were 34.9% down on the same period last year.

New Job Openings Added by US Economy

If official facts and figures are to be believed, the U.S. economy was able to add an additional 163,000 employment opportunities during the month of July, noticeably exceeding the numbers speculated upon by the analysts.

Australian Stock Market Report – Midday 8/10/2012

The local share market is trading lower at lunchtime in the East, following a mixed finish on Wall Street and weakness in financial stocks. The All Ordinaries Index (XAO) is down 14.1pts or 0.3pct to 4316 at midday in the East.

Starbucks-Square Alliance Worth $25M

Square, the mobile payments start-up, would create an alliance with the Starbucks Coffee Company. The partnership will enable mobile payments at the company's 7000 U.S. stores. Starbucks will invest $25 million as a part of Square's Series D financing round. Moreover Howard Schultz, the Starbucks' CEO, will join Square's board of directors.

Heineken attempts to acquire Singapore-based Tiger Brewer

The tug-of-war over the control for Tiger Brewer which is a group of 24 brewery units in Asia and a profitable soft drinks company should finally come to a head as Fraser and Neave have been brought in to consider a takeover bid by Heineken.

Coco-Cola Reorganizes its Structure

Coca-Cola Co. has announced a reorganization of its operating structure around main units. The remodeling is necessary to better address the changing demands of Coca-Cola's marketplace.

Australian Stock Market Report – Afternoon 8/9/2012

The Australian share market was on track to post a fourth consecutive session of gains today, however those gains evaporated late in trade after Chinese industrial output and retail trade figures for July came in lower than expected. By close the All Ordinaries Index (XAO) was lower by 2.8pts or 0.1pct to 4330.1, after reaching an intra-day high of 4350.

Double Whammy Hits Qantas Workers

It was a bad day for Qantas workers on Wednesday as Chief Executive Alan Joyce announced the loss of 2,800 jobs and Fair Work Australia (FWA) ruled in favour of the air carrier in its long-standing labour row with the Transport Workers Union (TWU).

Olympics and Economics: Why the Double Standard?

Why do people love competition so much in the field and in the pool, but fear and hate it in the business world? The analogies between Olympic fare and life in a free market are very close, closer than people realize. Yet we celebrate competition in one sector and try to ban the other.

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