News ltd Business
- + Greens to leave mining tax alone—THE Greens will seek to beef up the Federal Government's new mining tax through consultation, rather than in the Parliament. [Link to media]
- + Hotel owner issues man ban on fifth floor—MEN have been banned from the floor of a hotel, with its owners creating a "Ladies Only" level. [Link to media]
- + Mining tax to go ahead - Wayne Swan—TREASURER Wayne Swan says he wants Labor's mining tax legislation drafted as quickly as possible. [Link to media]
- + Fosters rejects up to $2.7bn wine offer—GLOBAL beverages firm Fosters Group says it has rejected a proposal to buy its Treasury Wine Estates wine assets. [Link to media]
- + HP sues ex-CEO over new job with Oracle—HEWLETT-PACKARD is suing the chief executive it ousted last month, Mark Hurd, to stop him from taking a top job at rival Oracle Corp. [Link to media]
- + Potash says BHP won't be only bidder—Potash CEO says a number of parties have expressed an interest in alternative bids for the world's largest fertiliser company. [Link to media]
- + Dollar down, investors hide from risk—THE dollar has opened lower as investors moved away from risk on concerns about European debt and the US economy. [Link to media]
- + US stocks fall on debt worries—US stocks have closed lower following new worries about Europe's debt problems.
- + French workers stage mass protest—MORE than a million French workers took to the streets overnight to challenge President Nicolas Sarkozy's plan to raise the retirement age to 62, the ...
- + Population a challenge for retailers—RETAILERS have reason to be optimistic, but slower population growth will pose a more challenging time than in the past decade, an independent forecas...
- + 'Tax junk food and booze to save lives'—WORLD-FIRST study calls for 10pc tax on junk food and higher alcohol and tobacco taxes to save lives. [Link to media]
- + Business quick to spell out reform list—BUSINESS leaders are calling on the new Federal Government not to lose sight of the need for bold reform to buffer the economy. [Link to media]
- + This headline is not copyright protected—COURT rules against Fairfax Media's attempt to claim copyright over headlines in The Australian Financial Review. [Link to media]
- + Reserve Bank keeps interest rates steady—RESERVE Bank leaves its cash rate unchanged at 4.5 per cent. [Link to media]
- + Brokers cut price targets on Macquarie—SHARES in Macquarie Group lose another 2 per cent after four brokers cut price targets on the stock. [Link to media]
- + Human error kills company's fish, profits—CLEAN Seas shares plummet by 9 per cent after the accidental killing of eight tonnes of kingfish. [Link to media]
- + Rates tipped to stay still, but RBA still wary—PERFECT economic conditions continue ahead of RBA's meeting where rates tipped to stay steady. [Link to media]
- + Interest rates 'set to rise'—INTEREST rates are set to rise and commercial property values will skyrocket, a leading economist says.
- + Heiress accuses Citibank for $87m loss—LAWSUIT accuses Citibank of failing to invest 104-year-old heiress' money properly, which costed her trust fund up to $87 million. [Link to media]
- + Domino's says it has no taste for Crust—PIZZA franchise Domino's says speculation that Crust Pizza is on the menu is crumby.
- + Economy 'strong in five years'—AUSTRALIA'S economy will be strong and is on the upswing for a boom within the next decade, a leading economist says.
- + Website to use fans to sell gig tickets—ONLINE start-up Posse prepares to let music fans sell tickets to concerts around the world for a commission using social networks. [Link to media]
- + Business sales expectations rise - survey—BUSINESS executives expect sales and profits to pick up in the December quarter, a survey shows. [Link to media]
- + Woolies goes bananas in fresh food fight—WOOLWORTHS plans to hit back against Coles' massive growth by taking a leaf out of Aldi's book. [Link to media]
- + Woolies takes on Coles in fresh food fight—WOOLWORTHS plans to hit back against Coles' massive growth by taking a leaf out of Aldi's book. [Link to media]
- + Obese man can't work due to injury risk—A 191KG British man who has been diagnosed by doctors as too heavy to have a job because he could fall and crush work colleagues.
- + Coles has beef with hormone growth pill—TOUGHER beef is routinely dished up at dinner tables because cattle are being pumped with hormones, supermarket giant Coles says. [Link to media]
- + Shares dive as Macquarie lowers forecast—MACQUARIE Group has taken the knife to its first-half profit estimates, blaming weak global conditions for flagging revenues. [Link to media]
- + Gay slur costs Stephanie Rice a sponsor—STEPHANIE Rice has been dumped by sponsor Jaguar Australia for tweeting the "other" f-bomb - the incendiary gay slur. [Link to media]
- + Macquarie cuts forecast on crisis fears—MACQUARIE Group confirms the lingering ramifications of the financial crisis when it slashed its profit outlook by 25 per cent. [Link to media]
- + Police warn of bogus investment deals—GET-rich-quick 'Ponzi' schemes have pulled in more than $100 million in Western Australia over the past two years, police say. [Link to media]
- + Police warn of bogus investment deals—DOZENS of investors duped by promoters of get-rich-quick 'Ponzi' schemes have pulled in more than $100 million in Western Australia ove...
- + Woolworths to sell $900m of property—WOOLWORTHS is planning to offload and lease back $900 million of its retail sites from the company's property portfolio. [Link to media]
- + Jetset to merge with Stella Travel—TRAVEL agency Jetset Travelworld's shareholders have voted overwhelmingly in favour of a merger with Stella Travel Services. [Link to media]
- + Job ads rise for fourth straight month—AUSTRALIAN businesses are confident about the economic outlook, with job advertisements rising 2.6 per cent in August. [Link to media]
- + IKEA ready to open up to six new outlets—SWEDISH furniture retailer IKEA is planning to open up to six more stores over the next decade. [Link to media]
- + Inflation heads to 3pc, survey shows—INFLATION is heading to the upper end of the RBA's target band following price rises in tobacco and fruit and vegetables. [Link to media]
- + Malboro man sells guerilla marketing—AD guru behind the Marlboro man teaches entrepreneurs how to compete against big business through cheap guerilla marketing. [Link to media]
- + Flight Centre defies failure prediction—TRAVEL firm defies the odds to beat stiff competition from heavy discounting and the internet to make a $139.9m profit. [Link to media]
- + 'Labor law is forcing up executive pay'—COMPANY directors warn Labor's cap on golden parachute payments is having the opposite effect. [Link to media]
- + Telcos threatened over our phone rage—FOUR complaints a minute about billing and faults with landlines, mobiles and internet services. [Link to media]
- + Shoppers spending up on experiences—RETAILERS hit as consumers increasingly spend their money on experiences rather than goods. [Link to media]
- + Savings take a dive as consumers spend—CONSUMERS are plundering their savings to meet rising mortgage payments while splashing out on holidays and computers. [Link to media]
- + Savings take a dive as consumers spend—CONSUMERS are plundering their savings to meet rising mortgage payments while splashing out on holidays and computers. [Link to media]
- + Tax operation struggling to find victims—SERIOUS questions are being asked about the effectiveness of the $300m Operation Wickenby. [Link to media]
- + Sigma to defend possible legal action—SIGMA Pharmaceuticals to defend any possible legal action over the generic drug marker's capital raising in 2009, it says. [Link to media]
- + Economy thrives without government—FINANCIAL markets thrive despite unresolved Federal election outcome on the back of strong dollar and growth. [Link to media]
- + Sigma to defend possible legal action—SIGMA Pharmaceuticals to defend any possible legal action over the generic drug marker's capital raising in 2009, it says. [Link to media]
- + Dollar higher on China exchange rumours—THE dollar boosted by rumours China could diversify its foreign exchange reserves into commodity currencies such as the "Aussie". [Link to m...
- + Telstra to sell SouFun stake in IPO—Telstra Corporation will sell its 50.5 per cent share in SouFun Holdings when it has an initial public offering later this year. [Link to media]
- + BP removes cap from plugged oil well—BP removes cap which stemmed oil flow from ruptured well in Gulf of Mexico in a key step toward killing the well once and for all.
- + Greek economy may exceed expectations—THE Greek economy is in recession but may do better than expected, says finance minister. [Link to media]
- + IMF, World Bank step up aid to Pakistan—IMF and World Bank step up aid to flood-hit Pakistan to help it cope with its worst-ever humanitarian disaster.
- + EU approves crisis aid for poor countries—EU approves $372 million to help most vulnerable countries cope with financial crisis.
- + US Fed chief says close unstable banks—US Federal Reserve chairman says regulators must be ready to shut even large institutions if they threaten the system. [Link to media]
- + Dollar up on firm US data—THE dollar opened higher today on positive pieces of US economic data and a move back towards riskier assets.
- + Eddy Groves hits broker with a $10m bill—FAILED tycoon Eddy Groves is demanding $10 million from his broker over a share deal he claims cost him his private helicopter. [Link to media]
- + Global sales down for Jacob's Creek—JACOB'S Creek has seen a slump in global sales in the last financial year, as it tries to establish a position as a premium drop. [Link to media]
- + Warne-Packer team up to spin poker gold—SHANE Warne and mogul James Packer to open "Warnie"-branded poker rooms at Crown Casino. [Link to media]
- + Kiwi nurse told she must sit English test—NURSE denied registration in Australia until she can prove she is competent in English. [Link to media]
- + Warne-Packer team out to spin gold—IT is a pair of aces you wouldn't dare bet against - cricketer turned poker addict Shane Warne going into business with James Packer. [Link to media]
- + Jobs growth flat in August—NUMBER of jobs on offer remain unchanged in August after retail hiring stalled to offset hefty recruitment in mining sector. [Link to media]
- + Coal, iron ore fall narrows trade surplus—FALL in coal and iron ore exports and military aircraft purchases are behind lower trade surplus, economists say. [Link to media]
- + WA seizes land for Woodside plant—WA Premier will act to forcibly acquire Kimberley land for Woodside's LNG precinct despite objections of many Aboriginals. [Link to media]
- + 'Stand up' for employee, Qantas told—QANTAS should "stand up" for a Falun Gong practising employee who was deported from China, the spiritual group says. [Link to media]
- + Firms 'pay more to keep male employees'—EMPLOYERS are willing to pay more to stop men walking out the door than women, survey finds. [Link to media]
- + Lawsuit risk over Clem7 $1.67bn loss—INVESTORS are considering legal action against the operators of Brisbane's first major tunnel project, the $3 billion Clem7. [Link to media]
- + Office for work and play attracts staff—WELCOME to the office of your dreams - complete with a football field and Japanese zen garden. [Link to media]
- + Elton John sang as finance firm imploded—THE former CEO of MFS hosted an Elton John concert and drank with friends as his company struggled to repay a creditor. [Link to media]
- + Toxic chemical BPA found in tinned food—ALARMING levels of "gender bending" substance BPA found in tinned corn, tuna and baby food. [Link to media]
- + Greens-Labor alliance has miners worried—PACT sparks fears industry will come under attack through emissions trading scheme and possible changes to the mining tax. [Link t...
- + Greens-Labor alliance has miners worried—PACT sparks fears that industry will come under attack through emissions trading scheme and possible changes to mining tax. [...
- + James Hardie tax appeal dismissed—JAMES Hardie loses its appeal against an amended tax office assessment that could cost it more than $370 million. [Link to media]
- + Stella Travel and Jetset allowed to merge—SHARES in Jetset Travelworld take off after the competition watchdog said the tour operator could buy Stella Travel Services. [Link to media]
- + ANZ best value bank for small firms—ANZ awarded 'best value banking service' for small business but came last of big four banks in customer satisfaction. [Link to media]
- + Economic growth hits the 'sweet spot'—SHOPPERS drove strong economic growth in the June quarter but rates should remain on hold until late in the year, economists say. [Link to media]
- + Economic growth at three-year high—DOLLAR jumps in value after official data shows the economy grew strongly in the June quarter. [Link to media]
- + Economy growing faster than expected—AUSTRALIA'S gross domestic product rose by a seasonally adjusted 1.2 per cent in the June quarter, ABS says. [Link to media]
- + 'Demoted' by Qantas for being Falun Gong—QANTAS stewardess says she lost her job on overseas flights after being deported from China. [Link to media]
- + Tutors to fill overseas 'education gap'—AN award-winning tutoring duo is planning to expand their business to fill the learning gap in the British education system. [Link...
- + BHP hostile bid for Potash turns dirty—BHP accused of "sowing confusion" by cold-calling customers of Potash, a company it is trying to buy in a hostile takeover. [Link to media]
- + US stocks have worst August since 2001—THE US stock market ended its worst August since 2001 on increasing concern about the economy. [Link to media]
- + Penny-pinching shoppers hurt retailers—THE recovery of nation's biggest stores hampered by thrifty consumers waiting for sales to spend hard-earned cash. [Link to media]
- + I'd rather go bankrupt than pay - Hogan—CROCODILE Dundee star has vowed to take his five-year fight with the tax office to the bitter end. [Link to media]
- + Rent hikes cripple small retailers—SMALL retailers are being held to ransom by their landlords, the nation's peak retail body claims. [Link to media]
- + Stock market 'hobby' cost $4.2 million—GEORGE Hawa lists "financial markets" as a hobby but trying to turn it into a profession left him accused of a $4.2 million fraud. [Link to ...
- + How DJs could have avoided $37m suit—STORE rejected $850,000 offer to settle just days before damaging harassment complaint lodged. [Link to media]
- + Rumours China's bank chief has defected—SPECULATION swirls that China's central bank governor has defected to avoid reprisal after a $481 billion loss on US Treasury bonds. [Link to media]
- + Strong data increases rate hike chance—RETAIL trade and building approvals figures "blitz expectations", making a rate hike "all but certain" before 2011. [Link to media...
- + Exports to boost gross domestic product—A STRONG mining export performance has helped slash nearly $10 billion off the current account deficit in the June quarter. [Link to media]
- + Retail trade up 0.7pc in July—RETAIL trade at current prices rose 0.7 per cent in July to a seasonally adjusted $20.4 billion, from an upwardly revised $20.250 billion in June, the...
- + Poor risk assessment led to crisis - RBA—POOR risk assessment was a key element of the financial crisis, a senior Reserve Bank official says. [Link to media]
- + Working together can be a challenge—IF you thought marriage had its challenges, try running a business with your other half. [Link to media]
- + Clubs attack Wilkie over pokie reform—CLUBS Australia has rubbished independent MP Andrew Wilkie's request to implement $1 maximum bets on poker machines, saying he needs to "stop spe...
- + New Holden runs on cheaper bio-ethanol—HOLDEN'S latest Commodore could eventually be powered by fuel made from household waste. [Link to media]
- + Jews share same gene - German banker—BOARD member of German central bank comes under fire after anti-Jew and Muslim rant.
- + Jews share same gene - German banker—A BOARD member of the German central bank was under fire yesterday after ranting "all Jews share the same gene."
- + Fallen King 'sorry' for $2.5bn collapse—FALLEN Gold Coast businessman Michael King has apologised to investors stung by collapse of his finance and tourism empire. [Link to media]
- + Follow Yellow Brick Road to buy a home—FIRM gives first home buyers a boost by removing lending requirement for proof of savings. [Link to media]
- + Red tape 'strangles' new housing industry—AUSTRALIA'S housing industry calls for action plan to rescue struggling market.
- + Ex-DJs boss fights 'intolerable' claims—UP to 16 women may take part in $37m case against David Jones and its former chief executive. [Link to media]
- + Kate Moss ends Topshop deal—KATE Moss ends her four-year partnership with Topshop, despite having earned more than $5.2 million from the venture. [Link to media]
- + Business profits point to stronger GDP—AUSTRALIA looks to be on track to show strong economic growth, after business profits surged in the second quarter of 2010. [Link to media]
- + Jetstar set to increase flight numbers—LOW-COST carrier Jetstar will increase the number of flights it runs from Melbourne to Sydney. [Link to media]
- + Warning about sexual disorders company—CONSUMERS are being warned to exercise caution when dealing with a firm selling treatment programs for sexual disorders.
- + Queensland is Australia's 'fraud capital'—QUEENSLAND has become Australia's fraud capital, with 19 major cases so far this year, as thieves target wealthy retirees. [Link to media]
- + Fears grow of double-dip recession in US—INCREASED likelihood of the US economy plunging back into negative growth is expected to hit local sharemarket. [Link to media]
- + Glittering prize for gold miners—HIGHER prices spurred big rises in Australian gold production and earned miners about $11 billion last year, survey shows. [Link to media]
- + DJs publicist holds nerve on court case—KRISTY Fraser-Kirk is expected to file an amended claim as her $37 million sexual harassment claim kicks off today. [Link to media]
- + Companies cry foul over privacy reforms—COLES, Telstra and Westpac part of a group of companies unhappy about proposed privacy law reforms. [Link to media]
- + It's beginning to look like Christmas in DJs—DEPARTMENT stores roll out their Yuletide displays four months early ahead of festive retail battle. [Link to media]
- + Travellers cash in on airline price war—QANTAS and Virgin Blue go head-to-head in a new battle for the domestic travel market. [Link to media]
- + Business ready to blow winter blues away—THE arrival of spring this week is expected to bring a multi-million-dollar boost to shops, restaurants and the wedding industry. [Link to media]
- + 'I can't afford my $95m tax bill' - Hogan—CROCODILE Dundee star claims he can't pay the ATO even if he liquidates all his assets. [Link to media]
- + Homeowners denied cash to upgrade—INDUSTRY experts say lenders are taking a hardline stance and increasingly blocking homeowners from bridging finance [Link to media]
- + Hogan's life in limbo as ATO refuses deal—PAUL Hogan will be grounded in Australia for up to four year after the ATO gave him a firm "no deal" on returning to the US. [Link to media]
- + David Jones $37m sex case starts Monday—FORMER DJs boss Mark McInnes and Kristy Fraser-Kirk are about to face off in a Sydney court. [Link to media]
- + Myer chief catty about shareholders—BERNIE Brookes regrets listing on ASX and says dealing with shareholders is like herding cats. [Link to media]
- + Law firms go to war with gossip site—WEBSITE claimed one firm artificially adjusted performance ratings to justify lower pay rises. [Link to media]
- + Fairfax Media swings back into profit—FAIRFAX Media has reported a turnaround to full-year profit and says it is well placed for further growth this year. [Link to media]
- + Crown casino staff 'took bribes for jobs'—SENIOR staff from Crown casino accused of demanding sums of more than $5000 to secure jobs and promotions for workers. [Link to media]
Last new 8/9/10 4:34pm.
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