Sears chief executive Lou D'Ambrosio announced on Tuesday that up to 120 Sears and the iconic Kmart stores will close shop soon, citing that the outlets targeted for shutting down failed to generate "the results we were seeking during the holiday."
The Construction Forestry Mining Energy Union (CFMEU) charged that 400 workers may have been exposed to asbestos for about one year in the $50-million redevelopment of the Museum of Contemporary Arts building in Sydney.
Foxconn, assembler of Apple's iPad and iPhone, has unveiled plans to upgrade its production capacity in mainland China, expanding the company's existing plant in the country's Henan province, reports said.
Australian mining company Arc Exploration (ASX: ARX) temporarily suspended the operation of its gold project at Bima in the Indonesia island of Sumbawa after violence broke out on the site on Christmas Eve.
A lawsuit filed by a mobile phone company against one of its former employees could make clearer the blurry lines on the use of social networking sites by employees for work.
Indian-backed Legacy Iron Ore is poised to acquire a 60 per cent control in Hawthorn Resources, a move that will see the accelerated development of the Mt Bevan magnetite project in Western Australia.
Italy's Antitrust Authority fined three Apple companies $1.18 million (900,000 euros) for misleading local consumers on warranty terms and customer assistance.
China's Ministry of Commerce (MOFCOM) announced Chinese exporters of rare earths elements will be allowed to sell 10,546 tonnes of in the first six months of 2012, a 27 per cent reduction from the quota set for the first half of 2011.
The release of Android 4.0, also known as Ice Cream Sandwich, paves the way for the mobile platform's further ascension in the tightening battle for mobile market supremacy, reports said.
Mining giant Rio Tinto (ASX: RIO) announced on Thursday that it has extended its offer to purchase Hathor Exploration shares to 5 p.m. of Jan 6, 2012. The offer, made through an indirect wholly-owned Rio subsidiary in Canada, is for C$4.70 in cash per common share.
Sony and Samsung announced on Monday a deal that would transfer whole ownership of S-LCD Corp, an entity jointly-owned by the two consumer electronic firms, to the South Korean tech giant.
Service provider Adam Internet announced on Friday the roll-out in 2012 of its Business Cloud computing service in South Australia.
Tighter spending policy and deteriorating economic states of immediate neighbours may push British economy into a new recession.
Bank of Melbourne has reduced fixed rates, only a week after offering to price match any other major.
Declining Euro economies have catapulted Brazil past the United Kingdom this year, placing number six on the strength of the former's rising trade partnerships with growing Asian economies, mostly led by China, Japan and India.
Australian supermarkets are passing off foreign products as Made in Australia by using loopholes.
A survey by consumer watchdog Choice found that 52 per cent of shoppers are unaware of their rights regarding the purchase and return of products.
Retailers are jostling to get a prime piece of the projected $1.1 billion gross that the Boxing Day is expected to generate on Monday, a fraction of the more than $14 billion that Australian consumers are set to unleash in the days ahead.
Gone are the days where the use of smartphones was limited to “geeks”. Nowadays, shoppers are now utilizing the potential of smartphones as a tool to help them get through their shopping needs.
Sony Corp. has denied news reports that the company has apologized for the glitches with its newest console the PlayStation Vita. According to Sony, there was no evidence of widespread bugs on the Vita and that the reports about Sony apologizing were not true.
Motorola recently experienced victory as the company won against Apple regarding a patent case filed in Germany.
Engineers from the University of Illinois are developing circuits that will automatically fix themselves when its wires are broken. The self-healing system restores electrical conductivity to a cracked circuit in mere microseconds.
Research in Motion has denied rumors that it had delayed the launch of its newest operating system because of software problems.
Proving the old adage "if you can't beat 'em, join 'em", Gerry Harvey has decided to launch a new website that will sell import European copies of video games at discounted prices.
No more Steve Ballmer talks and antics on future CES gatherings as Microsoft has decided to pull out from the yearly showcase of new electronic products, making the Las Vegas show on January 2012 the last for the software giant.
The Perth Magistrates Court fined Barrick Gold on Thursday $140,000 for the death of miner Daniel Williams in August 2009. Mr Williams fell into an ore chute at the underground mine of Barrick's Kanowna Belle gold mine near Kalgoorlie.
Finally some Christmas cheer for investors, with the stock market closing higher on the last trading day before the break. It was a shortened trading day, the market closed at 2pm AEDT. The All Ordinaries Index (XAO) added 49.9pts or 1.2pct to 4192 while the S&P/ASX 200 Index (XJO) was firmer by 496pts or 1.2pct to 4140.4.
A survey released on Friday by the Australian National Retailers Association (ANRA) found that 20 per cent of Aussies plan to give gift vouchers for the Yuletide.
In another display of generation gap and digital divide, a survey released Friday by research firm Roy Morgan found that older women comprise the main market of greeting cards and wrapping paper manufacturers.
Samsung has won the favor of courts in Australia and the United States for its Galaxy devices to hit the market and soon enough, according to reports, the South Korean firm may win the nod of the German court.
