Australia’s property market continues to rise

Malini Ranade 6 August 2013

Australia’s property market continues to riseAccording to the latest figures released, the housing prices in Australia have continued to rise for the third straight quarter.

The data released by the Bureau of Statistics showed that the housing prices in capital city increased 2.4 per cent during the three months till June, 2013. The growth of 2.4 per cent is the highest for the established housing sector in more than three years. The prices rose 0.8 per cent in March and 2.1 per cent in December 2012.

Syntheo withdraws form National Broadband Network project

Mitra Pathak 6 August 2013

Syntheo withdraws form National Broadband Network projectTelecoms construction firm, Service Stream has announced its decision with withdraw from the construction of the National Broadband Network project due to various issues resulting in financial losses to the company.

Cochlear’s underlying profit falls 16% to $132.6 million

Gaurav Mehra 6 August 2013

Cochlear’s underlying profit falls 16% to $132.6 millionCochlear, a manufacturer of hearing implants has said that it has recorded a fall of 16 per cent in full-year underlying profit to $132.6 million compared to the previous year.

Edison International acquires SoCore Energy

Amanda Lysak 6 August 2013

Edison International acquires SoCore EnergyEdison International has said on Monday that it has acquired SoCore Energy LLC, which is a provider of commercial rooftop solar energy equipment from Chicago.

California's second-largest electric utility did not disclose the amount for taking over SoCore Energy that focuses on installing and operating solar energy-generating projects for commercial and industrial customers.  SoCore already has 80 solar projects in 11 states and it counts Walgreen Co., Ikea and Simon Property Group among its major clients in the country.

J.C. Penney appoints Debra Berman as new vice president

Mark Menell 6 August 2013

J.C. Penney appoints Debra Berman as new vice presidentLeading department store chain, J. C. Penney has announced that it has appointed Debra Berman as a new senior vice president of marketing in an attempt to revive growth after recorded worst performance in two decades.

Ronaldinho motivated at Atletico

Narinder Hans 6 August 2013

Ronaldinho motivated at AtleticoBelo Horizonte (Brazil), Aug 6 - Ronaldinho Gaucho has confirmed he remains motivated at Minas football club Atletico-MG and claimed he only missed the last three matches to improve his physical condition.

"I am extremely motivated. We have the chance to take this club to a higher level. My desire is to take Atletico as far as possible," he said, while admitting that he is not currently in top physical condition.

"I am undertaking physical preparation so I can last the remaining months of the year," he was quoted as saying by Xinhua on Monday.

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