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Feb 6, 2011

Tecnology Alert : Nokia CEO Considers Big Shake-Up | WSJ

Technology Alert
from The Wall Street Journal

Several senior Nokia officials serving on its group executive board are expected to leave soon as part of a major shake-up being mulled by the Finnish phone giant’s new chief executive, according to one person familiar with the situation.

Although Nokia remains the world’s largest mobile-phone maker, the company has lost market share in the lucrative market for smartphones, the industry’s sales and profit driver, to Apple's iPhone and smartphones that run Google's Android software.

Financial And Forex Info News: Suncorp pledges higher margins | The Australian Business Briefing


Suncorp pledges higher margins
Cyclone damage Sarah-Jane Tasker SUNCORP'S chief has reassured investors the cyclone and floods have not affected the group's ability to deliver a margin increase.
Miner considers cargo seizures
Aus Bus Pix mining China iron ore loading Rizhao eastern China Matt Chambers WEST Australian miner Mount Gibson Iron is investigating if it can seize iron ore cargoes from the ports of Rio Tinto and other miners.
Luscombe stirs resignation talk
Woolworths CEO Michael Luscombe John Durie WOOLWORTHS boss Michael Luscombe appears to be writing his own corporate obituary.
Gordon questions Ten news gamble
Bruce Gordon EXCLUSIVE James Chessell VETERAN TV mogul Bruce Gordon has questioned the Ten Network's news strategy, the first big shareholder to do so.
Growth is a matter of degree for Navitas
Rod Jones of Navitas Tracy Lee THERE are few sacred cows in business, and education is definitely not one of them.
Investors put big banks under pressure
banks Scott Murdoch LARGE Australian banks are facing intense earnings pressure as investors start to question where the next stage of growth will come from.
Telstra's fixed-line revenue broken
telephone Mitchell Bingemann TELSTRA will this week reveal that the rot in its fixed telephony business has continued to drag down earnings.
Rates could rise sooner than expected
interest rates Sarah-Jane Tasker THE acceleration of the mining boom and further pressure on the labour market could put pressure on the RBA to raise the official cash rate.
Financial Markets
South Korea probes sharp market fall
stock trader Se Young Lee SOUTH Korea is investigating whether a sharp fall in a key Seoul stock index was due to market manipulation or other unfair transactions.
Suncorp pledges higher margins
Investors put big banks under pressure
Financial Markets Coverage
Mining & Energy
BHP avoids strike in Colombian mine
coal Darcy Crowe WORKERS at Cerrejon, in which BHP Billiton owns a stake, have accepted the last salary hike offer made by the company, a union official says.
Looming oil shock could hit economy
Miner considers cargo seizures
More Mining & Energy Coverage

Financial & Forex Info News: Popular levy, unpopular levy | The Australian Capital Circle

Capital Circle Newsletter
Popular levy, unpopular levy
Julia Gillard's Newspoll rating has taken a hit, but 55 per cent of Australians think a flood levy is a good idea.

The PM's day, per the press office: Julia Gillard is in Canberra today. Her Cabinet and then the entire Ministry will meet in the afternoon. Those meetings will then be followed by a meeting of the ALP caucus meeting. More budget cuts to help pay for flood and cyclone recovery and push the participation agenda will be high on the "to-do'' list.
Tony Abbott is in Canberra for Shadow Cabinet, which will discuss and sign off on budget cuts it says Labor should make rather than imposing a flood levy - a move also designed to alleviate pressure over the cuts.
Put it in your diaries - Labor's national executive, better known as the faceless men, will now not meet this week. The party's state secretaries will are now likely to convene via phone next Monday night, with the federal executive due to discuss the review of the 2010 election, led by Steve Bracks, Bob Carr and John Faulkner, on Tuesday night.
The Real Julia documentary is on the ABC's 4 Corners program tonight.
Sam Maiden reported on the weekend the draft of the reports says dumping the emissions trading scheme was a bad idea and the PM should not, perhaps, choose her cabinet.
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Newspoll is driving the day: JULIA Gillard has won popular backing for her $1.8 billion flood levy - 55 per cent of Australians who face the new tax support it. (more from Dennis Shanahan).
Labor's primary vote is down two percentage points to 32 per cent since December. Coalition support rose three points in the same period to 44 per cent. On a two-party-preferred basis, using preference flows at the August election, the Coalition is ahead of Labor 52 to 48 per cent compared with the Coalition's 49.9 per cent and the Government's 50.1 per cent at the election. Julia Gillard's preferred PM number rating is down to 48 per cent,