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Australia Stock Market Report - Afternoon- 09/27/2011

MIDDAY REPORT (12pm AEST)As expected, the Australian share market is wiping out yesterday's falls with the All Ordinaries index (XAO) up 2.9 pct or 114.9 pts to 4042.5. Keep in mind that despite the improvement, the market locally has still lost ground for five of the past seven sessions.

Kogan Stops Selling Samsung Galaxy Tab

Apple is currently in a legal battle with Samsung to ban the device from Australia due to patent infringements. Samsung had agreed not to sell in Australia until the hearing in Sydney is concluded. Apple had asked Kogan to withdraw the product and threatened to sue the retailer along with Samsung if it didn't comply.

Visa, MasterCard to Raise Debit Card Swipe Fees

Payment networks Visa and MasterCard will impose the highest fees for even the smallest debit transaction for cards issued by JP Morgan Chase and Citigroup as allowed by a U.S. law that put caps on such fees.
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McDonald's, Food Chains Lose Tick Health Seal

The Heart Foundation, which grants the use of the health seal in license agreements, said it has asked McDonalds to remove the popular Tick sign, not as a criticism, but as a move indicating a change in the foundation's focus. McDonald's pays about $300,000 a year for the right to display the Tick seal.

Company Behind Shane Warne Undies Brand in Liquidation

Lime Door Brands, the Australian company that manages Shane Warne's underwear brand has entered into voluntary liquidation.The company which is also behind the lingerie and dress line by burlesque star Dita Von Teese held a creditors' meeting yesterday but hasn't released a statement about the future of the company.

Court Allows Metcash $250 Million Purchase of Franklins

Federal Court Justice Peter Jacobson ruled on Tuesday in favor of Metcash's and Pick n Pay's planned purchase of supermarket chain Franklins for $250 million because the transaction would not violate the country's anti-trust laws.

Esprit Turns To China For Growth

Esprit has turned to the Chinese market to help increase its profitability and has embarked on a four-year investment program that will cost HK $18 billion.

Retailer Woes: Weak Sales Figures and High Rent Costs

As major Australian retailers absorb the ongoing crunch in the sector, players also point the blame on rent fees that further sap away the measly margin, if any, they were able to make.

Myer Spending $9 Million for New Web Site

Australian retailer Myer is spending $9 million on a new website aimed at making the store the country's largest online department store. Myer targets to generate up to $40 million in annual sales from the new portal.

Beijing Requiring Companies to set up Labor Unions

Beijing municipal government will implement a policy requiring all companies to establish a labor union not only to attract new investments, but also to help labor workers receive higher wages.

Missoni Sale Causes Crash of Target Website

Target.com's Website crashed on Tuesday morning following intense cyber interest created by its sale of Missoni items, an Italian fashion brand known for zigzag knits and bright patterns.

Microsoft Slashes Xbox 360 Prices in Australia

Australian gamers will have a reason to celebrate this season as Microsoft announced that it has slashed the price on its Xbox 360 and Kinect bundles by AU$50 in time for the Christmas season.

Coca-Cola Set to Challenge Recycling Law in Northern Territory

Coca-Cola Amatil has expressed plans to launch a legal action against the upcoming Northern Territory recycling initiative that would provide a $0.10 incentive for every plastic bottle returned to a beverage manufacturer.

Australia's Business Owners Urge Changes in GST, BAS

On the eve of the Federal Government's October Tax Forum, new research from MYOB has found more than two thirds of Aussie business owners (71%) want the Business Activity Statement (BAS) simplified and three quarters (76%) want to have the GST rules reviewed and clarified; while over one third (33%) said that addressing these concerns would impact their voting intentions.

Report Forecasts Bleak Year for Australian Retail

A report released on Tuesday by Deloitte Access Economics forecasts a bleak year for Australia's retail industry. The study said sharemarket volatility would likely result in the sector turning from bad to worse.

Swatch Group Severs Ties with Tiffany & Co.

The Swatch Group has severed its cooperation contract with Tiffany & Co. for allegedly delaying the development of the business and the company is preparing to file a case seeking compensation for the loss of the planned future business.

Aussie Retail Sector Gets Boost from Global Players

Weak signals emitted by the general condition in Australia’s retail industry did not prevent key players from achieving higher margins in fiscal year 2011 and the good news is, better quarters are ahead for the sector, according to a new study.

ACCC Appeal Court Ruling on Franklins Sale To Metcash

The Australian Competition and Consumer Commission (ACCC) appealed the Federal Court’sruling dismissing its application to prevent Metcash from acquiring the Franklins supermarket business, saying that the acquisition will erode competition .

6 Innovative Ways to Use the iPad in Your Business

Apple's popular iPad is a hot commodity with consumers but can they be used to make your business better?Here are 6 ways other companies have tailored the iPad to make a better customer experience and enhance their overall service.

Toyota Secures Control Of Indonesia’s Car Market

Amidst the soaring threats of striking another global recession and skyrocketing prices in fuel, consumers in Indonesia manage to cultivate a growing penchant for cars, commodity gladly perceived prolific by Asia's largest car manufacturer, Toyota Motor Corporations.

Australian Stock Market Report - CLOSING - 09/09/2011

AFTERNOON REPORT (4.30pm AEST)The local share market has finished the trading week on a positive note, with the All Ordinaries Index (XAO) adding 7.6pts or 0.2pct to 4277.4 and the S&P/ASX 200 Index (XJO) firmer by 6.7pts or 0.2pct to 4194.7.

Australia Stock Market Report - Closing - 09/08/2011

The local share market closed marginally higher today, although off earlier gains due to a disappointing jobs report. The All Ordinaries Index (XAO) gained 6.9pts or 0.2pct to close at 4269.8 after reaching a high of 4297.9 in early trade.

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