BUSINESS

By Greg PeelThe Dow closed down 58 points or 0.5% while the S&P lost 0.4% to 1313 and the Nasdaq fell 0.

By Greg PeelThe spot uranium market took a turn for the worse the week before last, dominated by a couple of aggressive sellers bailing in the wake of Japanese reactors remaining idle post Fukushima and the so-called German U-turn.

U.S. stocks closed lower Tuesday as continued sovereign-debt worries, fueled by a rating agency's downgrade of Ireland, overshadowed hints that the Federal Reserve may consider additional stimulus.

MORNING REPORT- (7am AEST)The minutes from the FOMC meeting revealed that, despite the slowdown in economic growth, there was still little interest among Fed officials for a third round of quantitative easing - at least not in the short term. According to the minutes only ´´some participants´´ thought it would be appropriate to provide additional stimulus in the medium term if the unemployment rate remained elevated. However members spent most of the meeting firming up their exit strategy ...

MARKET CLOSE--Commonwealth Securities (4.30pm AEST)The Australian sharemarket extended its falls in the second half of trade today, with the ASX 200 index (XJO) down 1.9 pct or 86.9 pts to 4495.4 while the broader All Ordinaries index (XAO) slumped by 1.8 pct or 83.3 pts to 4563.5. Almost all regions of the market ended lower with the exception of the coal producers.

Hewlett Packard has made organizational changes designed both to accelerate the scale and growth of its existing webOS business as well as to expand and enhance other HP product lines.HP released the Wi-Fi version of HP TouchPad at the start of the month and will release the tablet in other territories later in the month.

iriver Ltd., the South Korean company known for digital MP3 players, will start selling the iriver Story HD e-reader for US$140 this Sunday. The Story HD will be the first e-reader to connect to the Google eBookstore to download digital books using Wi-Fi

Apple Inc. has filed a complaint against HTC Corp., accusing Asia's second-largest maker of smartphones of infringing on the iPhone and iPad maker's patents. Apple has asked the U.S. International Trade Commission to enjoin the Taiwanese company from importing its phones and Flyer tablets to the U.S.

U.S. stocks slumped Monday, as another round of anxiety over Europe's debt crisis spurred investors to flee risky assets such as stocks.

The Organisation of Economic Co-operation and Development (OECD) said its May leading index for 33 member nations had fallen for a second straight month, down from 102.8 to 102.5.

Property price growth in Australia may have stalled over the past year or so, but experts say there are still plenty of areas around Australia where property prices are continuing to rise and countless locations where values are expected to rise in the near future.

The National Australia Bank has slashed down its economic growth forecasts for the country based on its latest survey that shows very slight increases in domestic sectors in Australia for the last six months.

The cost of living in Australia has become the biggest concern for the next 12 months among upcoming property investors, new research shows.

- Australian business confidence slumps in June- Business conditions improve but still below long-term averages- NAB pushes out timing of rate hikes- Weak growth expected this year, solid improvement in 2012By Chris ShawNational Australia Bank's Monthly Business Survey showed a slump in busines...

MIDDAY REPORT-Commonwealth Securities (CommSec) (12.00pm AEST)The Australian sharemarket is pulling back for the second straight day, with the All Ordinaries index (XAO) down 1.4 pct or 65.5 pts to 4581.3. Almost all sectors are currently trading in the red with the miners down in the order of 1.5 pct.

By Greg PeelThe Dow fell 151 points or 1.2% while the S&P lost 1.8% to 1319 and the Nasdaq dropped 2.0%.

The Australian HR Awards, to be held on 28 October at the Hilton Sydney, will bring together industry leaders to celebrate excellence in the HR profession.

The Australian stock market was whacked by a combination of fears about the carbon tax, China losing control of its economy, the worsening health of the US economy and the focus on Italy as markets search for a new focus in Europe's debt woes.

Beleaguered and undaunted, Australia's Prime Minister Julia Gillard had begun her final push for the carbon tax deemed necessary for the environment but would be costly for the domestic economy. There is no turning back for Ms Gillard determined to put a carbon emissions scheme in place no matter what the odds.

Heritage Building Society has finalised an $800m RMBS deal in its largest domestic securitisation transaction.

Capital city rents have grown below inflation over the past year, RP Data has stated.

As the global population increases, so does the number of mouths to feed. The good news is that in addition to providing food, innovations in sustainable agriculture can provide a solution to many of the challenges that a growing population presents.

DrinkWise Australia, a liquor industry funded organization will officially launch today a campaign that will introduce warning labels on alcoholic beverages about the dangers of drinking excessively and drinking while pregnant or underage.

As a followup to recent articles relating to the industry revolt and ACCC investigation into RealEstate.com.au, Australian Financial Review journalist Ben Hurley has released another article that takes aim at RPData and their valuation strategy.

Research firm International Data Corp. said Friday that Apple's iPad and the recently introduced iPad 2 continue to dominate the media tablet market, as other vendors have had a more difficult time finding market acceptance for their products.

Just like Craigslist, Cracker has sections devoted to jobs, stuff, cars, community, real estate, housing for rent and sale, services, and dating and personals.

ANALYSIS: Cisco Systems Inc. (CSCO), the company perhaps best known for Internet protocol-based networking and other products, has launched its own tablet PC, called Cius. Cisco describes the device based on Google's Android platform as "an ultra-portable, mobile collaboration enterprise tablet that offers access to essential business applications."

Compliance costs and lenders’ volume targets are pushing many broker groups into each other’s arms. MPA investigates the do and don’ts of consolidation.

PLAN CEO Trevor Scott is a passionate supporter of the broker industry and a big believer that brighter days are ahead for brokers.