Australian Market Trades Weak

Květen 30th, 2011

Despite a positive close on Wall Street last Friday, the Australian market is trading lower on Monday with investors pressing sales, with the none too encouraging economic data from the U.S. raising concerns about growth.
Financial, healthcare, industrial and consumer staples stocks are mostly trading weak. Mining, energy and information technology stocks are trading mixed.
The benchmark S&P/ASX 200 index is down 13.5 points or 0.3 percent at 4,670.5. The broader All Ordinaries index is trading at 4,749.4, down 10.9 points or 0.2 percent from its previous close.
Among bank stocks, ANZ Bank, Commonwealth Bank of Australia, National Australia Bank and Westpac are trading lower by 0.3 to 0.5 percent. Bendigo & Adelaide Bank and Bank of Queensland are also trading weak.
Among top miners, Rio Tinto, Fortescue Metals and Newcrest Mining are up with modest gains, while BHP Billiton is down marginally.
Equinox Minerals is down by over 2 percent. Lynas Corp. and Onesteel are also trading notably lower, while Bluescope Steel is gaining [...]

Centralia outlet shops thriving

Květen 30th, 2011

Inside the Coach store, clusters of women and teenage girls hover and jostle as they pore over the selection of high-end purses than run $400 and upward.
Behind the four open registers, lines are at least five-deep, shoppers patiently waiting with a purse or two — or more — in hand.
Salespeople wander and chat, noting that there’s no sale or special event to bring in so many customers. Just a typical day at Coach’s factory outlet mall store in Centralia, where the average shopper might drop a few hundred dollars in one stop — and where, according to the associates, there are usually at least a few dozen customers on a slow day, and 10 times that on weekends and during sales.
The situation is the same at most of the 30-plus stores at the mall, where total revenue rose 20 percent from 2009 to 2010, said marketing and property manager Renata Johnson. There’s a new Christopher & Banks women’s clothing store [...]

The International Surfing Association announced the recipients of the 2011 ISA Individual Scholarship Program during the Opening Ceremony of the Quiksilver ISA World Junior Surfing Championship in Peru. The ISA Scholarship Program has consistently grown since it first started in 2007 due to the generous funding from The Quiksilver Foundation, Billabong and Reef Redemption, and the continued support from ISA member nations.
For 2011 the ISA will be issuing 25 USD 1,000 scholarships to Under 18 junior surfers from 19 different countries. ISA President, Fernando Aguerre said about this year’s Scholarship Program: “I believe the ISA Scholarship Program is a enormous step forward for the ISA to contribute to improve the lives of junior surfers around the world. Together, we are sustaining the dreams and hopes of good students who are also great surfers.”
After careful review by the Scholarship Selection Committee, the ISA announced the following surfers as ISA Surfing Ambassadors. The scholarship recipients are inspirational human beings, great [...]

Fall from grace of Mr Billabong

Květen 23rd, 2011

For 18 months Billabong surfwear boss Matthew Perrin swore he wasn’t having an affair.
His former wife recalls the Gold Coast multimillionaire looking her in the eye and swearing on their three children’s lives that he had not strayed.
Whenever Nicole questioned her childhood sweetheart, he would allegedly tell her: ”You’re paranoid. You’re trying to destroy our marriage. Of course you trust me. We’ve been together since you were 16. There is no reason not to trust me.”
But Nicole couldn’t let go of her suspicions. Her husband was always on the phone, would pull out of holidays at the last minute citing work, and constantly wanted to party.
Then there was the second phone Nicole learnt he was using to secretly text during their family holiday in Hawaii. And the diamond bracelet or the Gucci dress, two sizes too small for her, hidden in his suitcase.
There were the whispers she kept hearing that he was seeing a mother from their children’s school. The [...]

World No 2 Sally Fitzgibbons will be ready to pounce if ASP women’s tour leader Carissa Moore shows signs of choking over the closing two events.
France and California are the last stops on the seven-event world circuit and Fitzgibbons and 18-year-old Moore are the only two in contention for the title.
Fitzgibbons returned to Gerroa on Tuesday night after finishing the bridesmaid to Moore in the final of last weekend’s Billabong Pro in Rio de Janeiro.
# PICTURES: Sally at the Beachley Classic
A two-time winner on the 2011 tour, the 20-year-old kept Sunday’s loss in perspective and remains optimistic about breaking through for her maiden world title.
“It’s definitely still in reach, but I’m focusing more on my training and my surfing and hopefully the results will come with that,” Fitzgibbons said.
“It was a great event over there. We didn’t do much sightseeing, but we got to see bits of the city and it’s always good to see a new country.
“Surfing-wise, I was [...]

C.J. Hobgood (USA), 31, unleashed his powerful forehand repertoire on Aproador’s lefthanders in the opening minutes of his match-up against dangerous ASP World Tour rookie Julian Wilson while detonating the highest heat-total of the entire event, 16.50 out of 20. Hobgood’s impressive opening rides proved to be enough to take the win over the progressive Australian despite a late-heat press by Wilson.
“That’s what makes those heats fun to surf and it’s exciting to watch,” Hobgood said. “I have so much respect for Julian (Wilson) because these kids can come back so easily no matter what scores they need. I had a good start and had to be comfortable with my performance win or lose. It was exciting and I’m stoked to make it, I have so much fun surfing against these guys.”
Joel Parkinson (AUS), 30, current ASP World Title No. 2, stuck to his strategy of waiting for the outside set waves and matched the day’s highest single-wave score of [...]

Since its inception in 2005, the Bro-Am has raised more than $400,000 for San Diego-based children’s charities. Last year’s event was the most successful to date, drawing over 7,500 attendees and raising more than $135,000 for the local chapters of StandUp For Kids. While admission to the beach event is free, funds will be raised at an Auction Night Soiree (set for June 16 at a private residence), as well as through sponsorships, beach vendors and an after-party held on the evening of June 18th at the Belly Up Tavern in nearby Solana Beach (tickets on sale next week).
“The Bro-Am has been my favorite day of the year ever since we started it back in ’05,” says SWITCHFOOT’S Jon Foreman. “To see our hometown come together to help out a deserving group of kids is an incredible experience. The StandUp Kids are true survivors, unsung heroes who have endured so much. The Bro-Am is our chance to celebrate their [...]

The Big Wave Challenge

Květen 13th, 2011

In addition to big wave experience, winning the SB Boardriders Big Wave Challenge would require the cooperation of a photographer/videographer to document the ride, and Mother Nature.
The uncontrollable variables, notwithstanding, Mohagen’s confidence that he could win the contest wasn’t unfounded.
The winter of 2009-10 brought the South Bay its largest number of big swells in recent memory. But 2010-11 promised far fewer big swells. That meant the winner would need sufficient knowledge of local breaks to recognize what might well be a single, one- to two-hour window when the swell direction, wind, and tide would all come together to produce a rideable, big wave during the December through March contest period.
Within the contest boundaries – Palos Verdes on the south and El Segundo on the north – the only rideable breaks during big swells are Hammerland on the north side of the El Segundo jetty, the Redondo Breakwall and Indicator in Palos Verdes. All three are lefts, which favor goofy-footers [...]

Barra Da Tijuca, Rio De Janeiro/ Brazil — The ASP Top 17 kicked off the opening day of
Billabong Rio Pro competition at the main event site of Barra Da Tijuca in clean two-to-three
foot (1 metre) surf. Today’s highlights saw the ASP Women’s World Tour’s top seeds donate top
performances to complete Rounds 1 and 2 before competition was called off due to deteriorating
conditions in the afternoon.
Stop No. 5 of 7 of the ASP Women’s World Title Season, the Billabong Rio Pro plays a vital role
in deciding the 2011 ASP Women’s World Champion.
Tyler Wright (AUS), 17, who is currently sitting at No. 3 in her rookie year on the ASP Women’s
World Tour, built momentum throughout her Round 1 heat by jumping out to a quick start on
smaller inside waves before belting an 8.77 (out of 10) with a flurry of forehand turns on a
right-hander to earn the day’s highest single-wave score. The win relegated [...]

A FAMILY devastated by Victoria’s floods has been hit with a second tragedy, losing a second son.
Ian Collins, 19, whose girlfriend is eight months pregnant, was killed yesterday morning when the ute he was driving veered from Mitchell Rd in Kialla, near Shepparton, and hit a tree as he travelled to work.
Only months ago his family was left in shock when his little brother, Lachlan, 8, drowned in a billabong created by January’s floods.
Lachlan was playing with his brother Jerry, 12, and sister Sarah, 10, when he fell from a pontoon.
The eldest brother of six children in the family, Ashley, said he couldn’t believe Ian had been killed as the family continued to mourn his youngest brother’s drowning.
Mr Collins said Ian was looking forward to becoming a father for the first time.
“He was about to become a father in four weeks. That was about all he was looking forward to.” he said.
Mr Collins, 21, said his brother’s partner was in [...]