BUSINESS

Adelaide Brighton Reaping Broker Upgrades

- Adelaide Brighton interim report meets expectations- Earnings guidance seen as conservative- Ratings upgraded post the resultBy Chris ShawThe market had been expecting interim earnings from Adelaide Brighton ((ABC)) of around $62 million and this was the result delivered by management.

Westpac Cuts Rates for New Home Loans

Westpac is slashing its three-year fixed-rate home loan by 0.2 per cent to 6.59 per cent as part of its Spring Home Loan Celebration. The rate cut applies to new home loans of at least $150,000.
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Mermaid Has Legs

- Mermaid Marine delivers strong profit result- Brokers expect more growth in FY12 as oil and gas activity expands- RBS upgrades to a Buy rating on valuation groundsBy Chris ShawProfit for FY11 of $43.
Admin System Aug 19, 2011

The Overnight Report: Fear Returns

By Greg PeelThe Dow closed down 419 points or 3.7% to 10,990 while the S&P fell 4.5% to 1140 and the Nasdaq dropped 5.
Admin System Aug 19, 2011

Global Markets Overview 08/19/2011

Asian stock markets ended lower Thursday as worries about the global economic outlook trumped the bargain appeal. Japan's Nikkei Stock Average fell 1.3% to 8943.76, its lowest finish since March 15.
Lawrence Villamar Aug 19, 2011

iPhone 5: 2012 Debut of New Smartphone Highly Unlikely

A report this week from 9to5mac.com, citing sources inside Apple, says that the Cupertino, Calif.-based company has been deciding between an Oct. 7 or Oct. 14 launch date. . If Apple waits for next year, it won't be able to join other vendors taking advantage of lucrative sales during the holiday season.
Carlo Fernandez Aug 18, 2011

Australia Stock Market Close 7/18/2011

MARKET CLOSE (4.30pm AEST)The Australian sharemarket lost ground for the second time this week, with the ASX 200 index (XJO) falling 1.2 pts or 52.7 pts to 4251.2 while the broader All Ordinaries index (XAO) dropped 1.2 pct or 52.4 pts to 4319.4. This takes the falls for August so far to 4 pct.
Christine Gaylican Aug 18, 2011

Pet Products, Asian Sales Raise Blackmores's Profits

A strong product pipeline and continuing Asian growth have delivered Blackmores (ASX: BKL) its ninth consecutive year of record sales and profits despite Australian retail's problems.
Sharon Olalia Aug 18, 2011

Wesfarmers Weather Tough Retail Conditions, Profits Up 23%

Australian coal-to-retail conglomerate Wesfarmers reported a net profit after tax of $1.9 billion for the full-year ended 30 June 2011, an increase of 22.8 percent on the previous corresponding period despite tough retail conditions.
Sharon Olalia Aug 18, 2011

Australia's Banks Cut Down Term Deposit Rates

Australia's small and big banks have cut down the term deposit rates of their bank products, which could discourage consumers from hoarding cash and explore other investment options.
Christine Gaylican Aug 18, 2011

Market Leadership A Virtue For Carsales.com

- Full year earnings from carsales.com better than expected- Company remains well placed to deal with increased competition- Forecasts lifted post the result- Brokers remain unanimous with Buy ratingsBy Chris ShawConsensus forecasts for FY11 net profit for carsales.
Admin System Aug 18, 2011

A Blow Off Top For Gold?

FNArena has added another video to its Investors Education section on the website. In this educational video, ATW's Jerry Simmons explains why we could be witnessing the end of some key trends, including a potential blow off top in the making for gold.
Admin System Aug 18, 2011

The Overnight Report: Weary Wall Street

By Greg PeelThe Dow closed up 4 points while the S&P rose 1 point to 1193 and the Nasdaq fell 0.5%.The Nasdaq was lower last night largely due to a weak lead from PC manufacturer Dell, which provided disappointing third quarter guidance after the bell on Tuesday night.
Admin System Aug 18, 2011

How Bad Was Last Week's Sell-Off?

By Kathleen Brooks, Research Director EMEA Forex.comAfter the extreme volatility of last week now is a good time to take stock and consider any technical ramifications of the wild moves in the markets.
Admin System Aug 18, 2011

Australian Stock Market Report - Morning 08/18/2011

US producer prices rose by 0.2pct in July, ahead of expectations for a 0.1pct gain. And core prices (excludes food and energy) rose by 0.4pct - well above forecasts for a 0.2pct gain.
Lawrence Villamar Aug 18, 2011

Global Markets Overview 08/18/2011

U.S. stocks eked out a slight gain as investors weighed earnings from some high-profile retailers against signs of rising input costs and continued dissatisfaction over efforts to find a solution to Europe's debt woes.
Lawrence Villamar Aug 18, 2011

BHP's Legal Win Over Employment Scam

BHP Billiton will continue to outsource its recruitment needs despite details of an employment scam coming to light.
Jamelle Agbuis Aug 18, 2011

Is Kissing at Work Acceptable this Social Networking Age?

A society in Germany that sees itself as a watchdog for etiquette has labeled pecks on the cheeks at the office as inappropriate. According to the German Knigge Society, kissing is deeply offensive to German sensibilities, and such practices should be eliminated immediately, reported the Sydney Morning Herald.
Jamelle Agbuis Aug 18, 2011

PS3 Price Cuts: Is Sony's Launching of PlayStation 4 Imminent?

Sony Corp. is dropping the price of its PlayStation 3 gaming console by US$50 or 17 percent, as it looks to spur demand for the 5-year old console ahead of the year-end shopping season. Taiwan-based component makers, DigiTimes reported that production on the PS4 will start at the end of this year, and the new console will be launched next year.
Carlo Fernandez Aug 18, 2011

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