BUSINESS

It is not just unproductive assets that financially challenged Qantas is shedding from its system, but also passengers with disruptive behaviour.

CEOs and all the executives responsible for raising the revenues of their respective deserve to take home fat pay checks, according to Glencore chief executive Ivan Glasenberg.

Microsoft has just unveiled its Windows 8 release preview and most of the reviews regarding this OS has been mostly positive. The released version is just the test version before it will go to the hardware partners of Microsoft. Steven Sinofsky, the president for Windows stated that the new OS would be launched "for the holidays".

Apple is seeking to ban the official release of Samsung Galaxy S III in the market specifically in the U.S. through filing a patent dispute.

In a surprise move, ANZ Bank announced on Friday that it will pass the 25 basis points cut made by the Reserve Bank of Australia (RBA) earlier this week to 3.25 per cent. Most analysts were of the belief that the big four would hold 10 basis points out of the 25 basis points reduced by the RBA.

Gamers all over the world were joyful when the rumors about the availability of Diablo 3 in PS3 and Xbox were circulating rapidly in the web. Rumors about the availability of Diablo 3 in PS3 and Xbox are still unknown but there are certain hints which supports these rumors.

Apple would hate to see the new Galaxy SIII entering the U.S. market anytime soon but the maker of the smartphone, Samsung, vowed on Thursday that American consumers will surely enjoy its flagship mobile handset real soon.

The global fight against dengue is poised to gain more traction over the next three years as French pharmaceutical Sanofi revealed this week the arrival of a vaccine that could potentially save millions from the mosquito-borne disease.

Microsoft recently gave a preview of the upcoming Halo 4 during the Microsoft press E3 conference in Los Angeles. Halo 4 is considered as one of the best games released in the past years due to the way it has involved players as well as for its gaming features.

Many people all over the world including Australians were eagerly anticipating the release of Samsung Galaxy S3. Now that the Samsung Galaxy S3 has already been released in Australia, is it a hit or a miss for Australians?

We left you last week with the thought that the market looked very sick indeed. A crash, we said, wouldn't come as a surprise. Well Friday's action in the US wasn't quite a crash, but it wasn't far off either. And gold's reverse crash - up nearly US$80 in the US session - added to the fear.

Apple fans all over the world are eagerly anticipating the Apple event and the new Apple gadgets that will be introduced by the company. Apple will be holding its Worldwide Developers Conference (WDC 2012) by next week from June 11-15, 2012 in San Francisco.

By Rudi Filapek-VandyckUS equities opened last night's session on a positive note, supported by ongoing optimism that Uncle Ben was once again going to save Wall Street's bacon, but this time it emerged Helicopter Ben wasn't yet ready to play ball.

Australia's economic growth rate of 4.3 per cent in the year to March, driven by the mining boom, may be at risk of slowing down due to the high cost to complete resources projects in the country.

The Australian share market has hit a six day high in early trade, on the back of better than expected jobs numbers. 38,900 jobs were created in the Australian economy in May, versus expectations of slight job losses. However the April numbers were revised, ticking the May unemployment rate from 4.9pct to 5.1pct. At lunchtime in the East, the All Ordinaries Index (XAO) is firmer by 60pts or 1.5pct to 4164.7.

There are numerous rumors circulating around the web about the possibility of a new and revamped Apple Macbook Pro. The exact specifications and details about the new Macbook Pro is set to be revealed at next week's Worldwide Developers Conference (WWDC).

Peru’s housing market has been sizzling hot the past two years, making a strong comeback in 2010. Not surprisingly, as there was 8.8% GDP growth in 2010, followed by 6.9% economic growth in 2011 (figures from Central Reserve Bank of Peru (BCRP)).

Hold onto your hats. Grab your wallet. All over the world, central planners are getting together. They're watching the whole developed world tilt towards Tokyo. And they're determined to "do something" to stop it.

Because of the general economic slowdown across Australia, profit downgrade warnings are becoming a buzzword among Aussie companies. The latest to declare a profit downgrade on Thursday was cheesemaker Warrnambool Cheese and Butter.

The world's housing markets moved clearly down during the year to the first quarter of 2012, according to the Global Property Guide's latest house price indices survey.

Starbucks, the coffee shop renowned for its seemingly limitless coffee varieties, is opening a new chain of juice bars in response to the growing health trend towards unprocessed and whole foods.

It's the word of an expert from the Department of State Development, Infrastructure and Planning versus residents on whether coal seam gas (CSG) would damage the environment or not.

By Rudi Filapek-VandyckThe S&P500 jumped 2.30% overnight to close at 1315.13, up 29.63. The Nasdaq gained 2.

The Age Discrimination Commission is proposing major changes of state and commonwealth laws to protect older workers from structural discrimination which would prevent them for working after they retired.

Although both Australian retailers David Jones and Myer registered sales slump in the last quarter, the two are bent on recovering lost ground by offering hefty discounts for their mid-season clearance sale which begin Wednesday or a day ahead of the sale opening by department stores.

Mobile computing will bring about the anticipated decline and even demise of social media giant Facebook, which according to a new report could follow the way of Yahoo over the next five years.

Nintendo said on Tuesday that the new Wii U will also see the resurrection of the gaming company's most popular creation, Mario, who again will launch his adventures in the holiday release of the console's hardware upgrade.

Outsourcing - the boon of Asian workers and the bane of western employees - is about to hit an Australian rail operator. Reports said that QR National will shed 500 jobs mostly in Queensland as it transitions from a state-owned company to a listed firm.

The newly appointed chief executive of Qantas's international operations has a lot of work cut out for him following the warning of by Qantas Chief Executive Alan Joyce of an expected net loss of $330 million for the financial year that ends this June.