BUSINESS

Tthe biggest problem with the iPhone 4S is that it is an iPhone. They are now limited to thinking what they can cram into the iPhone form.

Mongolia's Oyu Tolgoi project with Rio Tinto PLC and Ivanhoe Mines Ltd. could end up in the pits after both miners flatly rejected the government's request to reopen the deal to boost Mongolia's stake from 34 percent to 50 percent.

Retail sales in Australia, although on a slow path to recovery, according to the Bureau of Statistics, has recorded an increase in sales for the second consecutive month to 0.6 percent in August.

The Humane Society International called Wednesday for halting China's fur trade to Australia after learning that furs were coming from the raccoon dog, ABC Radio Australia reports.

The U.S. House of Representatives should take on a dependable strategy for downgrading disproportions and ambiguities in the corporate tax system and resolve mounting federal debt to spur economic recovery.

Google+ removing the invitation requirement to become a member of the newest social networking site apparently failed to make a dent on Facebook's membership.

Australian Communications and Media Authority (ACMA) has recommended that telcos be banned from using confusing words in advertising materials, that confused subscribers.

Molycorp (MCP) on Tuesday announced the discovery of a heavy rare earth ore deposit in southern California.

The threat of escalating mass actions looms as more Greek workers are joining work stoppages to declare their vehement objection against the 6.6 billion euro austerity plan of Prime Minister George Papandreou.

By Greg PeelInsurance companies collect premiums on policies and invest those proceeds in various financial markets.

By Greg PeelAt the close of trade last Friday, the CME Group announced it was raising the margins required for trading in gold, silver and copper futures contracts on Comex.

The services sector stayed in positive territory in September with the latest seasonally adjusted Australian Industry Group/Commonwealth Bank Australian Performance of Services Index (Australian PSI®) down a slight 1.8 points to 50.3 indicating activity continued to expand in the month.

Police have hinted that the ongoing labor row at Qantas as the possible motive behind the death threats that the air carrier's chief executive, Alan Joyce, received at his residence.

By Greg PeelThe Dow closed up 153 points or 1.4% while the S&P jumped up 2.2% and the Nasdaq a full 3.

Apple on Tuesday has launched what it claims to be its most amazing iPhone yet --the iPhone 4S.

MORNING REPORT (7am AEDT)US Federal Reserve Chairman Ben Bernanke has pledged to take further steps to support an economy that was ´´close to faltering´´. Bernanke was providing testimony to the Joint Economic Committee.

U.S. stocks staged a fierce comeback in the final minutes of trading on a report that European Union finance ministers are examining ways of co-ordinating recapitalizations of financial institutions. The Dow Jones Industrial Average was recently up 22 points, or 0.2%, at 10678, after earlier falling as much as 251 points.

Apple Inc. finally unveiled a new iPhone Tuesday. The event marks the first time Tim Cook took center stage after succeeding the ailing showman and visionary Steve Jobs. It was supposed to be a photo-op showing Jobs pass his magic and charisma on to the new CEO. What would follow would be record sales for the iPhone 5.

Stand by for the mother of all speculative binges about whether the Reserve Bank will cut interest rates at next month's board meeting.

Apple Inc. finally unveiled a new iPhone in its Cupertino, Calif. headquarters. It's not the iPhone 5; it's just a new iPhone that is not aesthetically different from Apple's best selling smartphone, the iPhone 4.

Rhapsody, one of the oldest Internet-based music subscription services has acquired Napster and its assets from Best Buy while the retailer will get a minority stake in the combined company.

No wonder China is buying all the coal it could get its hands on. According to BP's Statistical Review of World Energy 2011, China is now the world's largest consumer of energy.

Australia’s building and construction industry is calling on the government to remove impediments affecting the nation’s supply of housing.

McCain Foods today condemned the strike action by its food production and maintenance workers after rejecting a 3.5% pay increase a year over three years and other terms and conditions.

China has accused the United States of provoking a confrontation that is both costly and unnecessary as Chinese officials called on the U.S. Congress to reconsider its plan of passing a legislation that would dictate on Beijing to allow the appreciation of Yuan.

The Organisation for Economic Co-operation and Development (OECD) and the International Energy Agency (IEA) has called on governments to phase out subsidies on production and consumption of fossil fuels as subsidies paid by governments and taxpayers reached about half a trillion US dollars last year.

Hamilton Reach, the latest project from diversified property group Australand, has struck a chord with buyers with more than 40% of the first release sold since its launch in April this year.

HTC smartphones have a "massive" security flaw that can make HTC Android phones easy for outside users to access private customer information.

Australian lenders continue to slash fixed home loan rates amid the Reserve Bank of Australia’s decision to keep the official cash rate steady at 4.75 per cent, where it has sat since November last year.