Ford to Wind Up Australian Production in Three Years, Cutting 1,200 Jobs

Ford cites market fragmentation and high manufacturing costs for move.

Published: 21 minutes ago

Ford to Close Plants, 1200 Australians to Lose Their Jobs

Hundreds of Ford workers in Australia were in shock as the company announced its plan to shut down operations by October 2016. As the news broke out, hundreds of workers were devastated. It did not matter whether they worked there since three decades back – people will lose their jobs in three years time.

Published: 22 minutes ago

China's Contracting Factory Activity and Fed Comments Drag Down Asian Markets

Markets hit by China's manufacturing data and reports of Fed favouring slowing down bond purchase.

Published: 49 minutes ago

Ford Formalizes Closure of Australian Plants: Telltale Signs Strong in 2012

The telltale signs have already been there as early as 2012. It was just a matter of when will Ford Australia finally collect its guts to formally announce the closure of its manufacturing plants in Australia. That time came on Thursday as Ford Australia finally confirmed it is closing down and letting go 1200 jobs in the process.

Published: 52 minutes ago

China Heads to Further Slowdown as Manufacturing Activity Contracts in May

Preliminary HSBC China Manufacturing PMI showed a reading of 49.6 in May, indicating a contraction in activity.

Published: 1 hour, 10 minutes ago

Protect Your Business: Beat the Bad Guys of Mobilespace

Blue Coat Systems Director of Product and Solutions Marketing Chris Pace details what we can do to protect ourselves.

Published: 1 hour, 13 minutes ago

Science Behind Marketing: Retailers Need Digital Presence To Survive

ExactTarget's senior vice president Sameer Kazi says bricks and mortar retailers won't survive without digital presence.

Published: 1 hour, 19 minutes ago

Samsung Galaxy Tab 3 7.0 Accidentally Reveals Specifications and Pricing Exposed

The upcoming Galaxy Tab 3 7.0 is going to be sold in affordable price once it is released according to the South Korean tech giant, Samsung. However, the said device appeared on Adorama, a New-York based retailer selling the device for $199.99.

Published: 1 hour, 35 minutes ago

Samsung Galaxy S4 Sales Hit 10 Million

Samsung Electronics Co said sales of the latest version of its flagship Galaxy S smartphone have reached 10 million since its launch in late April, making the model its fastest selling smartphone.

Published: 1 hour, 50 minutes ago

China Discovers Gold Mine in Northwest With 53 Tonnes Worth of Reserves

China on Wednesday announced it has discovered a gold mine in the Ili Valley in the country's Xinjiang Uygur Autonomous Region. With reserves estimated to be at 53 tonnes, the said discovery could translate to an economic value of $3.2 billion.

Published: 1 hour, 50 minutes ago

In Australia, It's Rinehart Who is The Most Powerful Woman, Not Gillard, Forbes World's 100 Most Powerful Women

Being a country's topmost political leader does not necessarily equate to being most powerful. In Australia, Julia Gillard may be the Prime Minister, but is it Gina Rinehart who is the most powerful woman of Australia, according to Forbes magazine's annual list of 100 most powerful women around the world.

Published: 3 hours, 7 minutes ago

Sony Considers Spin-off Proposal, Needs Miracle Gadget to Change the World

Sony agrees to a revamp and puts spin-off proposal under evaluation.

Published: 4 hours, 4 minutes ago

Gina Rinehart Retains Richest Person in Australia Title With $22B Wealth

Even though a Walton took her crown away as the richest woman in the world, Australian mining magnate Gina Rinehart is still the country's richest person, the BRW magazine confirmed on Wednesday.

Published: 7 hours, 29 minutes ago

New Blow For Osborne as IMF Warns Austerity is Stunting UK Economy

IMF concludes UK visit by warning George Osborne: 'Slow growth could permanently damage medium-term growth prospects.'

Published: 16 hours, 59 minutes ago

Security Minister James Brokenshire: We are Tackling Cyber-Crime [VIDEO]

Home Office minister dismisses fears of police cuts undermining fight as FSB report reveals £785bn cost to small firms.

Published: 18 hours, 26 minutes ago

Stephen Hester: RBS Balance Sheet is Transformed

RBS boss Hester says bank on route to full health, bringing UK government stake sale closer to reality.

Published: 18 hours, 48 minutes ago

UK Economic Optimism Stays on as Business Conditions Improve

Housing market activity, manufacturing output and employment intentions have improved, according to the agents.

Published: 18 hours, 54 minutes ago

Idea Launches ID 920 and Aurus III Smartphones with 3G Support

Indian mobile network operator Idea Cellular on Tuesday unveiled two third-generation Dual SIM smartphones, aimed at updating existing 2G users to 3G, but affordably.

Published: 19 hours, 20 minutes ago

UK Deficit Drop Bolsters Chancellor George Osborne

ONS data shows deficit falling faster than forecast by Office for Budget Responsibility.

Published: 19 hours, 32 minutes ago

UK Retail Sales Record Biggest Monthly Drop in April due to Bad Weather

Food sales drop 4.1% in April from March - the largest monthly fall in two years.

Published: 19 hours, 55 minutes ago