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Oct 20, 2011

Stocks & Markets in The News ( SMN) | Asia: Asian markets moving cautiously



Asian stock markets stick mostly to narrow ranges, with investors cautious ahead of the this weekend’s key meetings on Europe’s debt crisis.
China seeks massive wind power growth (Caixin)
China’s education system may stifle innovation
Citic backs Peabody-Arcelor's Macarthur bid
Murdochs face ouster vote but poised to stay

Smartcompany News & Analysis: Inside the Smart50 firm that has eliminated managers, Sydney SEO firm sold to US group, Australia slips in rankings of best places to do business

smart company logo image

Today on SmartCompany we look at the sale of another tech company to a US firm, as Downstream Media is sold in a deal worth a reported $35 million. We also look at a report that shows Australia has slipped down the rankings of the world’s best places to do business and explain why large retailers are falling behind their smaller rivals when it comes to internet investment. Plus in Entrepreneur Watch, James Thomson looks at how the chief of Starbucks is trying to get his customers to lend to SMEs and create jobs.

For all this and more, head to our home page.

How I
How I improved my business by getting rid of managers
E-Web Marketing's Gary Ng attributes a large part of his success to a decision to get rid of management. BY PATRICK STAFFORD.
How I

Marketing Strategies
What is your message?
Asking what your business's message is may seem simple, but many entrepreneurs struggle to find an answer. BY TOM MCKASKILL.
Marketing Strategies

Aunty B
I need some quick sales. Any ideas?
Make a plan, activate the troops and declare it sales war fortnight.
Aunty B

Selling strategies
Trent Leyshan

Loyalty is a two-way street. If you want your customers to be loyal to you, give them a damn good reason to be.
Trent Leyshan

Online sales
Chris Thomas

Google has recently released a new tool in its Analytics product, which can enable some pretty powerful keyword research.
Chris Thomas

Female Entrepreneur
Naomi Simson

I know I can be a great mother experiencing the joy of parenting as well as working.
Naomi Simson

The Futurist
Colin Benjamin

The key to success for SMEs lies in closer ties with both their customers and their suppliers.
Colin Benjamin

Entrepreneur Watch
James Thomson

Can Howard Schultz really create jobs and boost the US economy?
James Thomson

The Australian IT | PiNG: NEHTA faces high staff turnover | Satellite digital TV rollout hits roadblock | No e-health rebates for GPs


NEHTA faces high staff turnover
Karen Dearne THE National e-Health Transition Authority has hired "researchers" to examine its high staff turnover rate.
 
Laptop delivery closes opportunity gap
Mitchell Nadin AS computer literacy becomes the norm among students in urban primary schools, many in rural areas are still lagging behind.
 
Asbestos duty 'on homeowners'
Anthony Klan ATTEMPTS to make homeowners responsible for asbestos contamination caused by the satellite digital TV rollout have drawn a furious response.
 
Microsoft, others eye Yahoo
Anupreeta Das, Gina Chon PRIVATE-EQUITY firm Silver Lake Partners, Microsoft and others are working on a proposal to buy Yahoo, sources said.
 
LinkedIn launches in Japanese
LINKEDIN has launched its online professional networking service in Japanese, its first Asian language platform.
 
Online boosts Microsoft Q1 profit
Nathalie Tadena MICROSOFT'S fiscal first-quarter profit rose 6.1 per cent as the software giant posted broad revenue growth.
 
Samsung beats Apple in smartphones
SAMSUNG Electronics shipped 3 million smartphones more than Apple in the quarter ended September 30, sources said.
 
Nokia posts Q3 net loss
NOKIA posted its second net loss in succession as handset sales slumped 25 per cent on year.
 
RIM could face legal fight
RESEARCH In Motion faces possible legal action to prevent it from using the name BBX for its new operating system.
 
Zuckerberg tops Fortune list
THIS year, Facebook CEO Mark Zuckerberg ranks first on the Fortune "40 Under 40" list.
 
Sydney, Melbourne domain names on sale
Andrew Colley THE NSW and Victorian governments have teamed up to enter the domain name business, spruiking .sydney and .melbourne top level names.
 
No e-health rebates for GPs
Karen Dearne THE Health department has rebuffed calls to reimburse GPs for creating and managing e-health records for patients.
 
Hotel group Mantra goes virtual
Fran Foo HOTEL group Mantra has joined ranks with John Holland and Tabcorp in deploying technology to alleviate data centre bottlenecks.
 
Madden clears air on PCEHR standards
Karen Dearne THE national e-health record system's draft specifications will be "guaranteed not to change", except in some cases, Health CIO says.
 
The Australian to launch paid content
Nic Christensen THE Australian has announced it will launch digital subscriptions on Monday, with a three-month free trial for all readers.
 
Angry Birds seek global dominance
Murad Ahmed IT IS so popular that David Cameron, Dick Cheney, the former US Vice-President, and the author Sir Salman Rushdie have admitted to being addicted.
Click here for all headlines

The Fed Market Actions: Fed's Tarullo backs more MBS purchases: MarketWatch | News Bulletin

By Greg Robb 
 
WASHINGTON (MarketWatch) -- Federal Reserve Board Gov. Daniel Tarullo on Thursday backed another large-scale purchase program of agency-backed, mortgage-backed securities to support the economy. In a speech at Columbia University in New York, Tarullo said that the purchases could help the housing market, which is "central to the slow pace of the recovery." The Fed has already purchased $1.25 trillion of agency MBS in 2008 and 2009 as part of its $2.3 trillion of asset purchases, or quantitative easing. Tarullo said that a proposal to allow underwater homeowners to refinance their mortgages would increase the effect of an MBS purchase plan. In an interview with The Wall Street Journal published Thursday, Boston Federal Reserve Bank President Eric Rosengren also said the Fed should consider more MBS. Tarullo added that he disagreed with some Fed officials who believe the central bank has done all it can to help the economy. "If we take account of the unusual nature of the current shortfall in fashioning policy responses, there is much that government policy -- including monetary policy -- can still do," he said.

Kitco New York Market Close Report



New York Market Close Oct 20/11 05:21 PM EDT
Metals
Bid
Ask
Change
Low
High
Gold
1620.20
1621.20
-22.50
-1.37%
1602.70
1631.30
Silver
30.58
30.68
-0.65
-2.08%
29.86
31.48
Platinum
1491.00
1501.00
-22.00
-1.45%
1451.00
1507.00
Palladium
584.00
591.00
-18.00
-2.99%
576.00
613.00

The Australian Capital Circle: Gaddafi's death end of an era


Gaddafi's death end of an era
 
The death of Libyan dictator Muammar Gaddafi marks a new beginning for the people of Libya.

Breaking: Julia Gillard has released a statement on the death of dictator Colonel Muammar Gaddafi this morning: "Today we pay tribute to the many thousands of ordinary Libyans who, with the support of the international community and their own courage and a determination to be free, have brought the brutal Gaddafi regime to its final end in the town of Sirte," she said. The death of Gaddafi was a "day of relief in Libya as the long war of liberation comes to an end."
"Australia has been at the forefront of international humanitarian and diplomatic efforts to assist Libya during this time of crisis and we stand ready to continue this assistance," Ms Gillard said, adding that Australia stands ready to assist the National Transitional Council in Libya.
Ms Gillard will be received by Queen Elizabeth at Governor-General Quentin Bryce's residence, Government House, at 10.30am this morning. The PM and partner Tim Mathieson will return the hospitality later today, hosting the Queen and Prince Philip at a reception in Parliament House's Great Hall at 6pm today. Ms Gillard has no media events scheduled today.
Tony Abbott will meet the Queen at Government House at 11am. He made his regular appearance on the Nine Network's Today show at 6.05am. He also spoke to 2GB's Alan Jones. The Opposition Leader was asked about former PM Paul Keating's revelation that he had told the Queen she was an "anachronism". Unsurprisingly, the former Australians for Constitutional Monarchy executive director did not agree with Mr Keating's comments. He said Mr Keating's attitude was "so 1990s" and that while he didn't usually comment on opinion polls, it was clear from public polling Australians were comfortable with the monarchy.
The death of Colonel Muammar Gaddafi is dominating front pages across the country today. The Au
Read more...
 
Mumble
Peter Brent
Peter Brent
 
War and domestic politics
Ten years ago this month the war in Afghanistan commenced, mainly in response to the September 11 atrocity. And it’s still going. Wars…
 
More Peter Brent

The Australian | Business Briefing: Sarkozy, Merkel see EU deal



Sarkozy, Merkel see EU deal
David Gauthier-Villars NICOLAS Sarkozy and German Chancellor Angela Merkel have set a deadline for approval of a plan to fix the eurozone debt crisis.
 
Copper slumps to 15-month low
Tatyana Shumsky COPPER fell 6.2 per cent to settle at a 15-month low on escalating concerns about Europe's debt.
 
BHP sure of China despite turmoil
Matt Chambers BHP Billiton continues to insist that turmoil in Europe and the US will have little effect on its long-term demand from China.
 
Challenger cheers Packer's departure
Damon Kitney IT'S rare for a chief executive to be smiling when a billionaire sells out of his company.
 
Retailer bucks trend on spending
Blair Speedy COST of living pressures will keep a lid on consumer sentiment, according to Wesfarmers.
 
Uncertainty a sure bet in energy
Sarah-Jane Tasker ORIGIN Energy boss warns carbon tax will not ease uncertainty in the energy industry.
 
Vale in warning on risk of taxes
Annabel Hepworth MINING giant Vale has warned that the carbon and mining taxes have increased the risk involved in investing in Australia.
 
Financial Markets
Wall St higher on EU deadline
Brendan Conway US stocks rose this morning, zigzagging from losses to gains after a series of conflicting headlines on European sovereign debt.
 
Oil falls in tough session
Copper slumps to 15-month low
 
Financial Markets Coverage
 
Mining & Energy
Oil falls in tough session
David Bird CRUDE oil futures prices ended an erratic day lower because of worries over weak US oil demand and the eurozone's debt crisis.
 
Copper slumps to 15-month low
Gold down in commodities rout
 
More Mining & Energy