Apple Inc's rumoured $3.2 billion deal with Beats Electronics has analysts speculating about what it would mean for the Cupertino-based company's future products. Although nothing has been confirmed yet, reports have surfaced that Apple is wooing Beats to add to both of the companies' retail and streaming music services.
US equities finally pulled back from record highs, while bonds gained resulting in US treasury yields dropping around seven basis points to their lowest level in six months. Losses in the US were mainly pinned on renewed weakness in the small caps, which encouraged some profit taking across equities. When equities are at record highs, any source of concern generally triggers profit-taking.
In US economic data, producer prices rose by 0.6% in April, the largest increase in 18 months. Prices were up 2.1% over the year to April. Food prices surged by 2.7% in April pushed up by higher meat prices, which recorded their largest increase in 11 years. Producer prices excluding volatile food and energy costs increased by 0.5% in April to be up 1.9% over the year.
The Android app for Gmail has recently crossed a whopping one billion downloads on Google Play.
A transformer explosion that caused a fire in a coal mine in western Turkey on Wednesday killed at least 201 workers. The accident is considered one of the worst mining disasters in the country's history.
The Australian share market closed flat a day after Treasurer Joe Hockey delivered the Federal Budget. The All Ordinaries Index (XAO) moved just 0.5 of a point higher to finish at 5475.9 points.
Lex Machina study lists Apple Inc. as number one most sued company
BlackBerry Ltd launches Z3 in Indonesia in its effort to reclaim dominance in the emerging markets
AT&T Inc. is at the forefront of acquiring satellite TV provider DirecTV for $50 billion possibly in the next two weeks.
Despite the service blocks, social networking giant Facebook is getting ready to take a dip into the mainland China.
The Australian sharemarket is down modestly after yesterday's impressive surge. The All Ordinaries Index (XAO) is down 0.3 per cent at lunch; however this has less to do with last night's Federal Budget and more to do with weakness from the banks.
Last night was always going to be interesting as the 'new fiscal drag' was unveiled. The budget is a great big political beast, and putting the political issues to one side and looking at the budget from a purely market perspective, the ASX as a whole is likely to be breathing easier this morning.
Apple Inc reigns supreme in Samsung's home turf in South Korea with the iPhone 5S leading in smartphone satisfaction rankings. South Korean marketing firm Marketing Insight has tracked users' satisfaction based on a variety of factors.
Apple Inc has been accused of stealing artwork from an artist in New York City. According to New York Daily News, artist James de la Vega has sent a cease- and-desist letter to Apple involving the company's use of a slogan he allegedly trademarked.
In US economic data, retail sales rose by 0.1% in April, short of forecasts tipping a 0.4% gain. But March data was revised higher. Excluding autos, sales were flat, down on forecasts tipping a 0.6% gain. Import prices fell 0.4% in April with export prices down 1.0%. Both results were softer than expected
The Shangri-La Hotel in the Shard, London, may be the tallest tower in the British capital city, but it offers more than just impressive views of London but also what other hotel guests are doing.
In the past four decades, pilots were never included in job cuts made by Australian flag carrier Qantas, even if some of them joined recent strikes. However, in the latest version of the Flying Roo's cost-cutting measures that would axe 5,000 jobs spread over three years, the aviators are no longer safe.
The Australian share market enjoyed a solid gain today, ahead of the release of the 2014 Federal Budget. Our market took its cue from record highs on Wall Street overnight, with the All Ordinaries Index (XAO) adding 0.9 per cent or 46.4 points to 5475.4 points.
Samsung's growth in the smartphone and tablet arena is both impressive but commendable.
Analyst from Morgan Stanley predicts sales of iPhone 6 to exceed sales of iPhone 5s
Much like Monday's session the ASX 200 started with a flourish this morning. Every sector started with gains although property stocks were the exception. The contrast with the previous session was the improved volume with well over a billion dollars in shares exchanged in the initial hour of trade.
Australia, in the midst of a fading mining boom, stands to suffer more losses of at least $100 million a day if tugboat workers at Port Hedland make good their threat to stage a labour strike within the next 30 days. The impending industrial work stoppage could cripple Australia's most lucrative iron ore exports.
Equities rallied to fresh record highs overnight, with a recovery in tech stocks lifting sentiment. While equities were firmer, currency markets were relatively calm with tight ranges maintained in most of the major currency pairs. USD/JPY was a standout as it finally broke through 102 helped by a wider-than-expected current account deficit figure for Japan aiding renewed yen weakness.
In US economic data, the monthly Federal Budget posted a surplus of US$106.9 billion in April, just short of forecasts centred on US$114 billion.
Modern Japanese fashion would soon be available to Sydney residents with the opening in the later part of 2014 an outlet of fast-fashion giant Uniqlo. The 1,480-square metre outlet would be located at the central MidCity shopping centre.
The Australian share market started the trading week in the red, despite another record high on the US Dow Jones Index on Friday. The All Ordinaries Index (XAO) closed lower by 13 points or 0.2 per cent to 5429 with mining and energy players the biggest drag.
A "busload of Australian women" was identified as the reason for the increase in the sales of New Zealand's housing properties. The debate about foreigners owning more of New Zealand property has taken another twist in a televised panel discussion between minor political parties
Malaysia’s fourth Prime Minister Mahathir bin Mohammad said that Boeing aircraft are dangerous to fly in
"Vibram USA," makers of the "FiveFingers" runnings shoes settled a class action lawsuit over claims that the company made false advertisement about the shoe's health benefits. American customers who purchased the FiveFingers pairs are entitled a refund of up to $94 per piece.
"Vibram USA," makers of the "FiveFingers" runnings shoes settled a class action lawsuit over claims that the company made false advertisement about the shoe's health benefits. American customers who purchased the FiveFingers pairs are entitled a refund of up to $94 per piece.
