COMPANIES

Qantas, Jetstar Add 900,000 Seats on East Coast Routes

Qantas and Jetstar will add about 900,000 more seats on its east coast routes by July in a bid to improve the company's finances. The addition of capacity, announced Thursday, is part of the revamp initiated this week by Qantas Chief Executive Alan Joyce.

Opposition Blames Carbon Tax for Closure of Hunter Valley Smelter

Although operators of the soon-to-be shuttered smelter plant in Hunter Valley cited the high Australian dollar and weak prices in the international market for aluminium as the short-term reasons why it would close its Kurri Kurri facility, the Opposition seized the closure of the plant to blame again the carbon tax for the economic woes of companies in Australia.
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NT Tourism at Risk with Cutback of Qantas, Jetstar Services

Besides Qantas aircraft maintenance engineers who were at the receiving end this week of Chief Executive Alan Joyce's ax, another victim to the announced revamp of the flag carrier would be the tourism sector in the Northern Territory.

Apple's iPhone 5 Rumors and Possible Release Date

Rumors about Apple's new iPhone 5 are circulating the web as many people are setting high expectations about this new offering from Apple. Aside from possible specifications and features, rumors about the possible release date are also spreading like wildfire in the Internet.

NAB Blames Battle for Deposits for High Mortgage Interest Rates

National Australia Bank (NAB) Chief Executive Cameron Clyne blamed on Wednesday the battle for deposits among Australian lenders for the high mortgage interest rates in the country. In effect, he belied claims by the other banks that the European crisis, which caused wholesale funding cost to rise, is the culprit.

What's Next for Qantas?

The Qantas Monday announcement of the closure of the air carrier's Tullamarine Airport maintenance facility was just the tip of the iceberg. On Wednesday, Qantas Chief Executive Alan Joyce made an even bigger announcement of more revamps in the company.

Yahoo! Exec. Pleads Guilty to Insider Trading

The U.S. Securities and Exchange Commission on Monday charged a former executive at Yahoo! Inc. and a former mutual fund manager at a subsidiary of Ameriprise Financial Inc. with insider trading on confidential information about a search engine partnership between Yahoo and Microsoft Corporation.

Motorola Now a Google Unit: What's Next for Android?

The corporate marriage between search giant and Android developer Google Inc. (NASDAQ: GOOG) and former mobile phone leader Motorola Mobility Holdings Inc. (NYSE: MMI) closed is now official.

New Study Points to Apple as World’s Most Valuable Brand

Arguably, Apple tops the list as one of the leading global companies, with its products desired by millions around the world, and a new study not only affirmed that stature but also crowned the American firm as the most valuable brand over the past 12 months.

BofA Analysis: David Jones a Good Buy

An analysis by Bank of America (BofA) showed that Australian retailer David Jones would be a good buy for now following the drop in company shares at its lowest level since the global financial crisis.

Qantas Confirms Loss of 500 Jobs

Qantas confirmed on Monday that it will shutter is maintenance hub in Melbourne, which meant engineering jobs would be lost.

Facebook Founder Zuckerberg Weds After IPO: Good or Bad Move?

The news of Facebook Founder, Mark Zuckerberg getting married with his long-time girlfriend, Priscilla Chan is all over the news. Aside from the fact that Zuckerberg got married, the timing is also controversial as Mark Zuckerberg wed after Facebook's IPO.

Qantas Airlines Denies Credit Card Scam

Qantas Airlines, one of the largest airline carriers in Australia denies claim regarding the company's supposed credit card scam.

Car Makers Concerned as China Sales Slow

Automakers worldwide could be affected by slowing sales results in China as dealers see stocks of unsold cars rise, threatening price cuts.

Aussie Chevrolet SS Excites US Media

America's automotive media has expressed enthusiasm and excitement at the announcement that the next-generation Holden Commodore will be exported to the US from 2013 to be sold and raced as the Chevrolet SS.

Qantas Shutters Maintenance Hub at Tullamarine, Sheds 400 Jobs

The nightmare of Qantas' aircraft maintenance engineers is about to happen as the flag carrier announces likely on Monday the closure of its maintenance bay at Tullamarine Airport. The shutter would lead to the axing of more than 400 jobs.

More Musical Chairs in Australia’s Retail Industry

More changes are taking place in Australia’s embattled retail industry as Centro Retail Australia sold half of its stakes in three premium shopping centres, while Retravision Southern is teetering towards administration.

Android in Australia: Ready to Overtake Apple's iPhone?

Android in Australia is now growing according to recent survey reports. This means that Google's Android system is now working its way on top of the smartphone war, thus, is it really close to overtaking Apple as the number one smartphone not only in Australia but all over the world?

Macquarie Consortium Buys E.ON Gas Grid for $4.1 Billion

A Macquarie consortium purchased for $4.1 billion the gas grid of German energy firm E.ON. Open Grid Europe runs Germany's biggest gas transmission system and is about 12,000 kilometres long.

Apple to Roll Out Major Overhauls on New iPhone

Apple will issue a new iPhone version later this year and based on reports that emerged, the hit gadget will come with a bigger screen, ditching the standard screen size that the smartphone has been carrying since its 2007 market debut.

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