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RBA's Stevens warns on bank guarantee distortions
1pointsReserve Bank of Australia Governor Glenn Stevens has warned the government that its move to guarantee bank deposits is creating serious dislocations in the financial system and must be changed, the Australian newspaper reported.
Apple can surive recession
1pointsSteve Jobs has placed Apple in a position that competitors could wish for. Apple haven't announced any layoffs or cutbacks and have instead released new premium products. Their stock dropped 50% since iPhone 3G released but Apple will survive.
Yahoo! layoffs rumoured
1pointsRumours have it that Yahoo! is expected to layoff of 3000 out of it's 15,000 employees, speculated to happen on the 10th Dec.
Stocks Soar by 11% After Aid to Banks
1pointsThe Dow Jones industrial average opened 400 points higher and never looked back, led by big gains in financial stocks. At the close, the blue-chip index was up more than 935 points or 11.1 percent.
Australian dollar horror show
1pointsSenior economist and fixed income strategist with RBC Capital Markets Su Lin Ong tells Business Spectator's James Frost what's behind the rapid devaluation of the Australian dollar.
Jitters as China hit by metals fatigue
1pointsAUSTRALIA'S best shield from global economic turmoil - the high value of its commodity exports - is under threat with news that China has told suppliers to slow iron ore shipments and predictions that iron ore and coal prices could fall by 20%.
CBA to buy BankWest
1pointsThe Commonwealth Bank (CBA) says it will buy Perth-based BankWest. BankWest's future had been uncertain after its UK parent company HBOS had to be bailed out by the British Government.
EBay CEO embraces bold changes to spur growth
1pointsStaff cuts and new acquisitions will help eBay Inc compete in the long-term, while new incentives in its core auctions business will spur consumer shopping this holiday season, eBay's chief executive said.
How cat has earned Japanese city millions
1pointsAs the economic might of Japan faces up to the global banking crisis, a single cat has boosted the finances of a small Japanese city by millions of dollars, according to a study.
Stocks to watch
1pointsStocks to watch on the Australian stock exchange today, including BankWest and Rio Tinto.
ASIC bans all short-selling
1pointsTHE Australian Securities and Investments Commission has dramatically widened its crackdown on short-selling, banning the practice across the entire sharemarket for at least a month as a "circuit breaker" to restore confidence.
Facebook gifts makes an estimated US$34 million
1pointsThis article talks about the way in which a company in the US has calculated on the sales rate of digital gifts offered by Facebook and how much revenue it achieves through this consumer product.
Billions lost as shares plunge
1pointsAUSTRALIAN shares have been hammered at the start of trade this morning after the doom and gloom on Wall St continued overnight.
Australian banks safe from global turmoil: Tanner
1pointsFederal Finance Minister Lindsay Tanner says Australians do not have to worry about banks or other financial institutions failing as a result of the global financial crisis.
Federal Reserve rescues AIG in $85-billion plan
1pointsIn the largest single financial intervention in the US's history the Federal Reserve will loan insurance giant American International Group Inc. $85 billion to finance the company's liquidation over the next two years.
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