Al Gore: New iPhones Coming in October [PHOTOS]
Apple board member Al Gore said that the company will announce their new line of products on Oct. 4 including the much anticipated iPhone 5.
RBA: Aussies' New Saving Habits Hurting Retail Sector
Australian households are rationalising their expenditures, prioritising essential services and doing without goods, leading to what a central bank official called "very subdued trading conditions in many parts of the retail sector."
Tech Figures Make Headway on America’s Top 20 Billionaires
Shakers and movers of the tech industry climbed their way to the dominant position of America’s wealthiest for the year 2011, with perennial frontrunner Microsoft Corporation co-founder Bill Gates heading the list again with his estimated net worth of some $59 billion.
Tox Free To Announce More Contract Wins
- Tox Free wins contract at APLNG project- More contract wins expected in the region- Earnings outlook strengthening but share price not reacting- Brokers see value at current levelsBy Chris ShawFor some time both UBS and RBS Australia have had Buy ratings on waste management services group Tox Free...
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Australian Stock Market - Morning Report 09/22/2011
The US Federal Reserve Open Market Committee (FOMC) has announced new measures to stimulate the economy. In what is termed a ´´twist´´, the FOMC intends to purchase by the end of June 2012, $400 billion of securities of maturities in a range of 6 years to 30 years and to sell an equal amount of Treasury securities of maturities of 3 years or less.
Global Markets Overview 09/22/2011
U.S. stocks dropped as investors questioned the effectiveness of the Federal Reserve's latest unconventional attempt to bolster the faltering U.S. economy.
The Overnight Report: Like We Did Last Summer
By Greg PeelThe Dow closed down 283 points or 2.5% while the S&P lost 2.9% to 1166 and the Nasdaq fell 2.
US Equities Ready To Turn?
FNArena has added another video to its Investors Education section on the website. In this educational video, ATW's Jerry Simmons makes a few observations across various risk assets.
Facebook Wants More, Gets Aggressive on Media Content
Facebook is set to recruit a high-profile executive whose primary role is to make sure that the social network would establish solid ties in the film and music industries in a bid to boost its content.
Skype on iPhone, iPod Touch Address Books Easy to Steal [VIDEO]
Skype has been informed by a researcher it is vulnerable to information thieves online. In a Fairfax Media report, security researcher Phil Purviance of AppSec Consulting says a hole in Skype's system for Phone and iPod Touch devices.
Diablo III Release Date Nears as Beta Is Now Live
The long wait for Diablo 3 may be almost over as Blizzard Entertainment has launched the closed beta version of the hack-and-slash game.
ERM Gets Environmental Nod for WA Gas Project
ERM Power has received environmental approval from the Western Australia government for its proposed $500 million Three Springs power station and 60 kilometer gas pipeline in Western Australia.
Treasury Head Supports Move to Abolish Stamp Duties
Treasury boss Martin Parkinson has backed a move to abolish real estate stamp duties, saying they are biggest drag on productivity and inhibit economic adjustment.
CommBank Unveils Innovative, Sustainable Sydney Campus
Commonwealth Bank today unveiled its landmark new office premises at Darling Quarter in Sydney’s western CBD fringe.
More Turbulence Ahead as Qantas Workers Plan Successive Strikes
It ain't over yet. Beleaguered Qantas Airlines faces more turbulence ahead as the Transport Workers Union (TWU) pushes for successive work stoppages this and next week.
Heightened Euro Crisis Raises New Fears in China
Days after S&P reduced Italy's credit rating on Monday, Chinese foreign currency experts are getting restless the euro's weakness will greatly affect the value of Chinese currency and its overall exports performance.
Microsoft Gives Low-Cost Hardware and Software to Poor Students
With an aim to provide high-end technologies to everyone, Microsoft will give one million students marked down PCs, software and internet to poor families.
Your Editor On Switzer TV
FNArena Editor Rudi Filapek-Vandyck has joined the queue of financial markets experts who appear regularly on Sky Business's Switzer TV, hosted by Peter Switzer himself.
China Launches Own Iron Ore Price Index
China, in a bid to gain a foothold in the global pricing of iron ore, will launch by October its own iron ore price index, with updates on a weekly basis.
BHP Hikes Top Executive Pay for FY 2010-2011
Mining giant BHP Billiton spent close to $19 million in financial year 2010-2011 for executive salaries, which Chairman John Buchanan described as investments geared to reap more company earnings in the future.
McDonald's, Food Chains Lose Tick Health Seal
The Heart Foundation, which grants the use of the health seal in license agreements, said it has asked McDonalds to remove the popular Tick sign, not as a criticism, but as a move indicating a change in the foundation's focus. McDonald's pays about $300,000 a year for the right to display the Tick seal.
China, India Vie in Tough Race to Acquire Big Chunk of Australian Coal Fields
Three years before it has yet to really produce coal, the northern Galilee basin is already fully booked to Indian and Chinese coal mining companies.
Online Store CatchoftheDay Challenges Australian Traditional Supermarkets Further
In a bid to get a larger cut of the shrinking Australian consumer market, online department store CatchoftheDay rolled out on Wednesday it third e-commerce portal named Grocery Run. By its foray into grocery, the online seller challenges traditional supermarkets.
Premier Caught In The Retail Slump
- Premier Investments result met expectations- Guidance maintained for FY12- Weakening retail environment sees cuts to earnings forecasts- Two broker ratings downgraded post resultBy Chris ShawRetail group Premier Investments ((PMV)) reported an adjusted net profit after tax of $51.
IMF Issues Gloomy Prospect for Most of Global Economies
The International Monetary Fund (IMF) predicts a not-so-rosy prospect for the global economy by the end of the current year, a trend that the lending institution said would only be sustained until the closing months of 2012.
RBA Content with Current Rate Setting
The RBA has indicated that a 'clouded' international outlook had contributed strongly to a decision to keep the cash rate on hold.
Rates: RBA Sits And Watches Europe
Standard & Poor's surprise downgrading of Italy's credit rating yesterday has confirmed why the Reserve Bank is watching foreign events more closely than at any time since the GFC.
ASIC Tells Brokers to Beware of 'Adviser' Title
Brokers should be careful before branding themselves as advisers, and ensure the term accurately reflects their business model, ASIC has stated.
The Overnight Report: More Delays And Downgrades
By Greg PeelThe Dow closed up 7 points while the S&P lost 0.2% to 1202 and the Nasdaq fell 0.9%.I'm not going to labour the point.
Google+ Opens Door to Public, Invitation No Longer Needed to Join
The two giant technology giants, Google and Facebook, upped their ante this week as they battle for supremacy in the cyberworld.
Australian Stock Market -Morning Report 09/21/2011
The International Monetary Fund has cut its forecast for global economic growth. The IMF expects growth of 4.0 percent this year, down from its previous forecast of 4.3pct. The Australian economy is tipped to grow 1.8pct this year and 3.3pct in 2012.
Global Markets Overview 09/21/2011
Fears about Greece's debt crisis battered U.S. stocks again Tuesday, with a market rally all but evaporating in the session's final hour following reports that the heavily indebted country's negotiations with international inspectors may drag on and could still fall apart
IMF Warns of EU, US Recession Relapse
Global financial overseer IMF warned Tuesday that the European Union and the United States face recession if the sovereign debt crisis is not resolved even as it predicted lower economic growth for the two countries.
Sany Heavy Plans $3.3 bn IPO in Hong Kong Stock Exchange
Often referred to as China's Caterpillar, Sany Heavy, the largest construction machinery manufacturing company of China, is all set to launch its expansion phase despite volatile market trends, by planning an IPO in the Hong Kong stock market later this month. Sany Heavy reportedly aims to raise around $3.3 billion from this offering.
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