BUSINESS

Adelaide Bank has announced its clawback structure to mortgage managers, but has not yet decided on clawbacks in the broker space.

Connective has promised service will be at the core of its white label offering, to be launched early in the new financial year in partnership with National Mortgage Company.

U.S. stocks finished the day's session and May on a buoyant note, shrugging off a spate of weak economic data as investors cheered a new bailout plan for Greece.

US consumer confidence fell from 66.0 to 60.8 in May, well short of forecasts centred on 66.5.

The Apple-Samsung legal battle has escalated last Friday when Samsung filed a motion for Apple to provide Samsung a sample of the next generation iPhone and iPad. Samsung claims that seeing the new Apple products will help Samsung evaluate any possible similarities to the Droid Charge and Galaxy Tab 10.1.

Many Australians are targeting more property deals now that the market is subdued, according to Mortgage Choice.

Westpac (ASX: WBC), one of Australia’s largest banks, has received final approval to open a branch in Beijing from the China Banking Regulatory Commission.

Australia envisions becoming a world-leading digital economy by the end of the decade by fully realising the benefits of the National Broadband Network (NBN).

Australia’s peak body for the building and construction industry says it could not support the introduction of a carbon tax from 1 July 2012 unless the government properly addresses the cost impact and uncertainty in relation to the increased cost to housing and to the building industry.

One out of four Australians will likely retire without homes given the present attitude toward superannuation, according to Retail Employees Superannuation Trust (REST).

Samsung Electronics Co., Ltd., the world leader in advanced memory technology, today announced that it is the first in the industry to start mass producing 32 gigabyte (GB) memory modules, essential for cloud computing and advanced server systems, using 30 nanometer (nm) class* four gigabit (Gb) DDR3 DRAM chips.

The significant interest rate hike in November last year has bitten, with Australian capital city dwelling values down 1.2 per cent in the three months to end April. Expensive suburbs have been the poorest performers in line with the share market.

Today’s market conditions favour property investors who are looking to benefit from ongoing seller discounting, healthy rental income growth and longer term capital gains. For those considering investing, here are hints and tips from Australia’s largest independently-owned mortgage broker Mortgage Choice:

- Lend Lease asset sales continue- Barangaroo and other projects on track- Valemus proving a better acquisition than first assumed- Brokers lift target prices By Greg PeelProperty developer Lend Lease Group ((LLC)) held an Investor Day last week to update the market on how things were progressing.

The technology sector is beginning to percolate and with the recent IPO's of social network companies, a bubble like the technology bubble seen during the late 90′s might just be in the early innings.

Mars Chocolate Australia has announced that it will source enough Rainforest Alliance Certified cocoa to cover the production of its iconic Mars Bar.

In spite of the Greek government’s recent assertion that they could avoid debt restructuring through strict adherence of austerity measures, European leaders have, nonetheless, been working to negotiate a deal to aid the fiscally-troubled Eurozone nation.

Shares in truck and trailer equipment supplier and manufacturer Maxitrans were one of the stars yesterday in a dull market.

Swiss food group Nestlé has unveiled "BabyNes", which consists of a range of single-serve capsules to feed infants from birth up to three years of age.

The chances of a slide in the economy in the March quarter increased yesterday.

By Greg PeelThe story so far:The US Department of Energy was planning to sell 5.2m pounds of U3O8 equivalent from its stockpiles systematically out to 2013 to pay for the clean-up of the Portsmouth enrichment facility.

By Greg PeelThe US was closed for Memorial Day and the UK was closed for a bank holiday so there was very little else going on across the globe last night.

Suncorp confirmed yesterday that its over-exposure to insurance is still hurting the company.

European stocks finished flat to lower Monday, with volumes thinned by the absence of U.S. and U.K. markets and with German utility shares lower on a report that the country has set a final date for shuttering its nuclear reactors. The Stoxx Europe 600 index fell 0.1% to 278.82.

According to a report by Reuters, EU officials are drafting a second bailout package for Greece in an attempt to prevent the country defaulting on debt next month.

The US dollar became the story last week, falling as the euro defied gravity and the doubts about Greece and the eurozone's financial health to end higher, sending some commodities lower on the day.

The continuing Fukushima nuclear crisis is proving to be a greater threat to the health of the Japanese economy than the impact of the March 11 quake and tsunami.

U.S. stocks rose Friday but failed to avoid a fourth-straight week of losses as major indexes recorded their longest weekly losing streak in more than a year.

Australian Xbox users were given an early Christmas present when Foxtel declared that there will be no data charges for Telstra BigPond customers who are signed up to the Xbox 360 service. The pay subscription service also announced that BigPond TV channels which include the AFL and NRL channels, TVN and BigPond Sport TV will become available to Xbox gamers who use Foxtel's Xbox package.