Michael Dell: Keeping or Letting Go of Low Margin PC Business? [Photos]
Dell Inc. will be a company to provide services and solutions to businesses.
Australian Stock Market Report – Afternoon 10/19/2011
The volatility continued for investors today, with the local stock market attempting to recover some of yesterday's losses. The All Ordinaries Index (XAO) rose 25.3pts or 0.6pct to 4274.8, notching up its second win of the week. Sentiment was boosted by a newspaper report from the UK's The Guardian which suggested France and Germany have agreed to increase the size of the European stability fund to two trillion Euros.
Qantas's Loss, Virgin Australia’s Gain
The labor problems plaguing Qantas Airways for months now have given competitor Virgin Australia a wide opening to expand its market share.
Labor Shortage Threatens to Cripple Australian Mining
Recent labor market research shows Australia’s $427-billion worth of resource projects will struggle to survive the crippling labour and skills shortage. Resource industry employer group AMMA says only a united front from all tiers of government can alleviate the imminent threat to many prospective workplaces.
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Pharmacy Guild in Hot Water Again Over Alleged Pfizer Kickbacks to Chemists
The Pharmacy Guild of Australia (PGA) is again in hot water over another apparent shady deal. This time it involves alleged kickbacks paid by pharmaceutical giant Pfizer to chemists.
Virgin Australia Boosts Capacity amid Qantas Strike
Virgin Australia announced on Wednesday it would provide additional capacity over the coming months to meet market requirements and to minimize the impact of ongoing Qantas industrial action on the Australian travel and tourism industry.
Rio Tinto Advances First Shipment of Ore to Mid-2015 for Guinea Simandou Project
Rio Tinto announced on Wednesday that it would advance the first shipment of ore from its Simandou project in Guinea to mid-2015. The earlier shipment date is because of accelerated development resulting from approval of another $211 million for continued studies and $1.117 billion funding commitment for early works and procurement of long-lead items.
Canadian Housing Market Strong
Buoyed by strong demand and low interest rates, Canadian house prices continue to rise. In the year to end-June 2011, the national house price index rose by 4.52% (1.37% inflation-adjusted), according to Teranet-National Bank of Canada.
The Economy: Europe Interrupts The Boom, RBA Sees Gloom
So what can the Reserve Bank do as it looks to the next board meeting on Melbourne Cup day and assesses the country's economic position and whether to cut interest rates?
China: Small Business Bailout Raises Questions
Is the long tipped hard landing for China's economy about to happen?
Kimberley Resumes Cotton Harvests After Decade Lull
After a decade, Kimberley's cotton growers are harvesting cotton once more. The ABC reported around 800 hectares of GM cotton will be balled up by a Queensland contract harvester next month.
Qantas Engineers File Complaint with Regulator over Alleged Mid-air Check of Jet
The labor row between Qantas engineers and management turned for the worse after the Australian Licensed Aircraft Engineers Association (ALAEA) filed a complaint with the Civil Aviation Safety Authority (CASA) on Wednesday.
California Court Dismisses Apple Patent Lawsuit Against Samsung
After some legal setbacks, Samsung Electronics finally won some of its legal battles against Apple. The victory was handed by U.S. District Judge Lucy Koh who dismissed on Tuesday some of the antitrust claims by Apple against the South Korean firm.
BHP Billiton Reports Mixed Output Results for Iron Ore, Copper amidst Softening Market Demands
Defying the softening market demand for iron ore, BHP Billiton announced on Wednesday a 24 percent hike on its iron ore output while admitting at the same time that the company’s copper production has retreated significantly in the face of a protracted labor problem.
Australian Stock Market Report – Midday 10/19/2011
The Australian sharemarket is gaining for the second time this week, with the All Ordinaries index up 0.8 pct or 34.5 pts to 4284.00. Almost all sectors are up with the exception of the gold space which is tracking lower due to weaker gold prices overnight.
Angry Birds Maker Hints of New Bird, Movie; Cookbook Out
Angry Birds maker Rovio revealed at the Web 2.0 Summit in San Francisco on Tuesday that the popular video game will add a new bird while preparations for a movie version is underway.
Hybrid Opera Browser Loads Pages Faster on Android
Web browser maker Opera Software has developed a new mobile web browser that can load pages faster on devices running on the Android operating system.
Material Matters: Support For Oil And Tin, Correction For Iron Ore Prices
- JP Morgan revises oil price expectations- Solid fundamentals to support tin prices- China under-reporting steel production- Iron ore price correction underwayBy Chris ShawWhile the global economic outlook worsens and even with Libya expected to make a rapid return to oil production, JP Morgan cont...
Love On A Beach
- Beach Energy has announced shale reserves of 300tcf in the Cooper- Broker interest is piqued, but not obsessive- Prices, costs, technology and the long timeframe are all hurdlesBy Greg PeelThree hundred trillion cubic feet.
Hungry Jack’s Revamps Slogan amid Increased Health Focus
Hungry Jack’s is replacing its slogan from ‘The Burgers are Better Hungry Jack’s’ to ‘Hungry Jack’s makes it better’ as the fast-food giant aims to expands its menu and increase its health focus.
Rio Tinto Lets Go of $8B Aluminum Group
Following a strategic review, Rio Tinto said 13 assets will be divested at an appropriate point in the future, and some of these will be managed separately in the meantime.
Andarko, BP Sign $4 B Settlement Deal On Gulf of Mexico Spill
Anadarko Petroleum Corporation forged a settlement agreement with nternational oil and gas firm BP regarding claims related to the Gulf of Mexico oil spill in 2010 .
Virgin Galactic's First Commercial Spaceship Terminal Opens in New Mexico, U.S.
Commercial spaceflight company Virgin Galactic has officially opened its spaceport in New Mexico, USA to serve as the jump-off point of space tourists 12 months from now.
Bus Drivers Agree to Lift Ban, State Transit Says Buses are ‘Safe’
The bus drivers union agreed on Tuesday night to an Industrial Relations Commission order to lift a ban on gas-powered buses in Sydney. The explosion of a gas-powered bus prompted public bus drivers to raise their protest by refusing to get on the road, resulting in huge inconvenience among Sydney passengers at peak hour Tuesday.
'The Australian'’s Online Content to Cost Readers $2.95 Weekly
It will soon cost readers of "The Australian", $2.95 weekly to access the newspaper's online content through computers, smartphones and tablets.
Apple's $500 to $2,500 Devices: Massive Price Cuts Looming?
Apple Inc. later today will report its fourth-quarter earnings that would for the nth time exceed analysts' estimates and further grow its mountain of cash.
Australian Stock Market Report - Closing - 10/18/2011
AFTERNOON REPORT
(4.30pm AEDT)Local stocks managed to erase all of yesterday's gains during Tuesday's session, with fear and caution again at the forefront of investors' minds. Overnight, sentiment wasn't helped by negative commentary from Germany's Finance Minister who warned it was unrealistic to expect a definitive solution to the European debt crisis at this weekend's European Union summit.
Chime.In: New Social Media Network that Makes You Money
Making its debut this week, Chime.In, Uber Media's new social networking site combines Twitter's sharing ability, Reddit voting and it actual pays users for their posts.
Solar Panel Supplier Launches System for ‘Lowest’ Levelized Cost of Electricity
Solar panel manufacturer SunPower Corp. today launched a solar photovoltaic tracking system that concentrates the sun's power seven times to achieve the lowest levelized cost of electricity (LCOE) for utility-scale solar power plants.
Find My Friends iOS 5 App Raises Privacy Concerns
Barely a week after being unveiled the Apple iOS 5 app Find My Friends is already instrumental in breaking up a marriage after a suspicious husband caught his wife cheating using the app.
iPhone 4s: Top Five Customer Complaints
Apple's new iPhone 4s has reportedly sold over 4 million units three days after its launch but that record-breaking figure doesn't mean that everyone is enjoying Apple's latest smartphone. Although early reviews have been positive there have been several notable problems with the iPhone 4s. Here's a brief rundown on the top five iPhone 4s issues.
Carbon Dioxide Capture System Receives Funding Boost
Ground breaking new technology for the capture of carbon dioxide from power stations will be tested by Process Group at Hazelwood Power Station following a grant from Brown Coal Innovation Australia (BCIA).
Data Centre Development to Deliver 250 Jobs to Western Sydney
Global provider of data centre solutions Digital Realty Trust announced today that the two data center developments it is building in Western Sydney are expected to have a positive economic impact on the region, estimated at almost a quarter billion dollars.
Deal Signed for World's First Ocean-Powered Clean Energy Plants in Bahamas
Bahamas Electricity Corporation and Ocean Thermal Energy Corporation have moved toward the construction of two ocean thermal energy conversion (OTEC) plants.
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