BUSINESS

iPhone 6 Survives Drop, Both Accidental & Intentional

Apple iPhone 6
Jack Cooksey is officially the first owner of the Apple iPhone 6 in Australia by lining up all night on Thursday in Perth. However, when he was interviewed by the Today Show, his precious mark in Australian tech history was almost removed because the smartphone dropped to the floor as the nervous gadget owner struggled to open the box.

Alibaba Raises $21.8B In IPO, Starts Trading At NYSE

Alibaba
Chinese e-commerce giant Alibaba Holdings (NYSE: BABA) raised $21.8 billion on Friday when it launched its initial public offering at the New York Stock Exchange. It sold 320.1 million shares at $68, the high end of its revised price range.
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A man rests in a mud pit near the main stage at the Woodstock Festival in Kostrzyn-upon-Odra, close to the Polish-German border

Ex-Male Strippers For Rent At $125/Hour To Act As ManServants

A new startup in the US is offering handsome male servants who would pamper their employers in the tradition of butlers for $125 per hour. The firm, aptly named ManServants, was established by two young female entrepreneurs. Some of their man servants are former strippers.
Global Stock Market Indices

Australian Stock Market Report – Midday September 18, 2014

Despite a firmer start this morning, the Australian sharemarket is trading at its lowest level since 2 July at lunch. The All Ordinaries Index (XAO) is below the key 5400pt mark, is down for the seventh day and this is the worst week for local markets in 15 months. Volume iselevated partly due to index option expiry today which tends to result in a volume spike.
Alibaba

Alibaba Hikes IPO Price Range To $66-$68 From $60-$66

Chinese e-commerce giant Alibaba Group Holding (NYSE: BABA) increased the price range of its initial public offering scheduled to launch on Friday, Sept 19. The new price range of $66 to $68 from the previous $60 to $66 is an indicator of the strong demand for shares of the e-commerce portal founded by former teacher Jack Ma.
Janet Yellen

Global Markets Overview – September 18, 2014

The FOMC statement retained 'considerable time' and changes to the economic statement were limited; however, the Summary of Economic Projections were all slightly higher than expected, which triggered a mass wave of USD buying.
Federal Reserve

Australian Stock Market Report – Morning September 18, 2014

The US Federal Reserve left interest rate settings unchanged with the federal funds target range at zero to 0.25% and decided to wind back asset purchases from $25 billion to $15 billion a month. The Fed retained its key statement "that it likely will be appropriate to maintain the current target range for the federal funds rate for a considerable time after the asset purchase program".
New York Stock Exchange

Australian Stock Market Report – Afternoon September 17, 2014

Buyers made several attempts at pushing local shares higher in early trade on Wednesday, although their efforts were brought to heel quickly. As lunchtime loomed on the east coast the market was again dipping into the red. The softer tone local came despite US share markets posting solid gains overnight with a growing sense that the US Federal Reserve will remain cautious about the process of increasing interest rates and any potential rise in 2015.
Janet Yellen

Australian Stock Market Report – Midday September 17, 2014

Buyers made several attempts at pushing local shares higher in early trade on Wednesday, although their efforts were brought to heel quickly. As lunchtime loomed on the east coast the market was again dipping into the red. The softer tone local came despite US share markets postingsolid gains overnight with a growing sense that the US Federal Reserve will remain cautious about the process of increasing interest rates and any potential rise in 2015.
New York Stock Exchange

Australian Stock Market Report – Morning September 17, 2014

In US economic data, producer prices were unchanged in August. Excluding food and energy, prices were up 0.1%. Producer prices are up 1.8% on a year ago. Chain store sales were up 3.6% on a year ago, down from the 4.9% annual gain in the previous week.
Plastic surgeon Denis Boucq poses at his office in a clinic in Nice December 16, 2011, holding a defective silicone gel breast implant, which was removed from a patient and manufactured by French company PIP.

Venezuelans Using Made-in-China Silicones Because Of Breast Implant Shortage

Venezuela once had a toilet paper shortage, which appears to have been addressed already. The shortage has shifted to other products, now to branded breast implants that the nation's female population obsessed with physical appearance, are now using made-in-China implants or even those that are of the wrong size.
A metal sculpture depicting a stock exchange chart is seen in the reception hall of the Athens Bourse in Athens September 11, 2014. Greece on Thursday set the pricing on its offer to top up its recent three- and five-year bonds by about 1 billion euros (U

Australian Stock Market Report – Afternoon September 16, 2014

The local market extended its losses in the second half of trade, with the All Ordinaries Index (XAO) down 0.5 per cent or 29.2pts to 5446.2. The miners ended modestly firmer; however the improvements lessened this afternoon while falls from the big banks held the market back most. Australian shares have fallen for five consecutive sessions while yesterday was the worst day in five weeks for local stocks.
Tony Abbott at New York Stock Exchange

Australian Stock Market Report – Midday September 16, 2014

The Australian sharemarket is modestly lower after recording its biggest daily slump in five weeks yesterday. The All Ordinaries Index (XAO) is down 0.1 per cent and continues to soften following disappointing signs for China's economy on Saturday.
Morning commuters pass by the New York Stock Exchange September 15, 2014.

Australian Stock Market Report – Morning September 16, 2014

In US economic data, industrial production fell by 0.1% in August - the first decline since January. US Capacity utilisation fell from 79.1 to 78.8 in August. The New York Fed's Empire State general business conditions index rose from 14.69 to 27.54 in September -the highest since October 2009.
French Police Stops Terrorists’ Plot to Blow-up Eiffel Tower, Louvre

France, Germany Lead Europe's Commercial Real Estate Market

Europe's commercial real estate investment market continued its strong growth during the first half of the year with France and Germany leading the way, Property Magazine International reported, utilising a study conducted by the CBRE Group.

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