The Age Business
- + Pace of mortgage growth picking up—Stable rates and slowing house price growth has lured home buyers back into the market.
- + Saudi billionaire's assets remain in reach of tax office—The liquidator of a company belonging to Saudi construction and finance billionaire Maan al-Sanea does not want the ATO to know his Cayman Islands bas...
- + A question of balance—Many roll their eyes at the thought of paying $60 for a wristband which aims to improve balance and flexibility. But not two Melbourne businessman.
- + Empire strikes back as new province beckons—Seasoned geologist David Sargeant visits mining operations on his holidays - and brings back more than the odd postcard.
- + King set to abdicate as Stewart takes Leighton throne—AFTER months of boardroom tensions and rifts over succession planning, Leighton Holdings is set to announce David Stewart as the new chief executive a...
- + Wal King to abdicate Leighton throne—After months of boardroom tensions and rifts over succession planning, Leighton Holdings is set to announce David Stewart as the new chief executive a...
- + NBN back online but future unclear—The Labor government's victory yesterday ensured the $43 billion national broadband network lives to fight another day.
- + Clean Seas takes a bath on kingfish loss—Fancy a hydrogen peroxide bath? Seems thousands of farmed kingfish in South Australia's Spencer Gulf didn't enjoy it either - they died.
- + Market shies at Macquarie call—Investors have cast doubt on Macquarie Group's claim that it can deliver a profit of at least $1 billion this year.
- + RBA holds fire—Borrowers can breathe easy after the Reserve Bank opted to keep rates on hold again, despite a strengthening economy.
- + RBA may stay put for months—Sub-par growth in the US, continued market nerves and conflicting data here are all reflected in softly-softly comments by the RBA.
- + Aussie wheat exports jump 52% as supplies dwindle—Australia's wheat exports jumped 52 per cent in July from a year earlier as buyers sought to replace dwindling supplies from the drought-stricken Blac...
- + Home ownership prospects fade for many—Saving for a first home has become more difficult for renters, leaving more of them in the so-called rental trap, a new survey shows.
- + Woolies hits a snag—Woolworths' plan to secure 150 sites for its new big-box hardware chain has hit its first hurdle with the Victorian planning minister rejecting a perm...
- + Float aims at growth in health markets—Junior biotechnology company Broadvector has locked on to two areas of health that are tipped to grow - prostate cancer treatment and hip replacements...
- + Shareholders back Jetset Travelworld and Stella merger—Jetset Travelworld shareholders have overwhelmingly approved a merger with fellow travel agency Stella Travel Services.
- + Gloom haunts Macquarie—Macquarie Group is expected to push ahead with staff cuts as its biggest business units struggle under subdued global conditions.
- + Warner Music chief downloaded—Warner Music Australia chief executive Ed St John has suddenly left the loss-making record label.
- + Jetset and Stella merger supported—Jetset Travelworld shareholders have overwhelmingly approved a merger with fellow travel agency Stella Travel Services.
- + Board brands nosedive—Surf, skate and snow apparel brand Quiksilver has joined rival Billabong to warn of tough trading conditions for branded clothes.
- + Bank emphasises its diversity—Macquarie Group's earning slump has highlighted the strength of lesser-known divisions that are profiting from the taxpayer-backed wholesale funding g...
- + Willmott felled, owes $120m to banks—Willmott Forests has gone into receivership owing banks about $120m, making it the latest forestry investment scheme to fail.
- + Biotech IPO to target key ailments as Australia ages—Broadvector has locked its gaze on two ailments which are tipped to boom along with the greying of the population - prostate cancer and hip replacemen...
- + Mac profits under siege—Macquarie's downgrade makes it the latest in a list of companies to find that bouncing back from the financial crisis is not so easy.
- + Qantas is thinking of flying down to Rio—QANTAS is considering tapping into the booming Brazilian economy by flying to either Sao Paulo or the popular tourist destination of Rio de Janeiro.
- + Qantas looks to Brazil—Qantas considers tapping into booming Brazilian economy by flying either to Sao Paulo or popular tourist destination of Rio de Janiero.
- + NZ quake set to shake Australia insurers—Australia's major insurers likely to emerge with heavy exposures to earthquake that hit New Zealand's South Island over the weekend.
- + Hedging bets on takeover decision—Hedge funds flock to key companies involved in proposed National Australia Bank and Axa Asia Pacific merger.
- + Grace Brothers fades further into history—One of last remaining relics of once mighty Grace Brothers department store empire sold by family that once owned and ran the Australian shopping inst...
- + Citi warns of mortgage rates rise—Banks may impose higher mortgage rates on borrowers to offset added costs of new liquidity rules.
- + Toll roads on collision course with investors—We thought the bankers and builders would cream off fees, but we never knew that the traffic forecasts were baloney.
- + Hang up or hang on?—For a stock with more than most riding on the result of the current protracted political gridlock, Telstra has a lot of fans in the investment commu...
- + When it comes to investing, women win—I made an offer to the children the other day. It was prompted by the realisation that our 14-year-old is never home.
- + Revealed: execs reap new bonus bonanza—News' Chase Carey has not only taken over the duties of Peter Chernin, he's taken on the mantle of best-rewarded exec with $32m package.
- + Big bucks for ticket kings—The hype is almost as big as the hair - and the ticket prices.
- + Change is the only constant for Telstra—The more things change, the more they stay the same, French novelist and newspaper editor Jean-Baptiste Alphonse Karr once wrote.
- + Wilkie's system won't work: pokies king—Enforcing a national pre-commitment system on poker machines to allow gamblers to preset their spending limits would be 'enormously' expensive.
- + Qantas shows restraint on executive salaries—Qantas has joined a growing list of public companies showing restraint over what they pay their executives, after enduring shareholder revolts.
- + Fortescue defends note plan—Fortescue Metals Group's game with New York investment fund Leucadia has brought its aggressive Pilbara expansion plans into sharp focus.
- + Companies face messy investor lawsuits—Fortescue and three other blue-chip firms are facing the prospect of messy law suits, with aggrieved investors engaging lawyers in their efforts to re...
- + Sigma faces class action over disclosure—Sigma expects to be hit with a class action lawsuit over its alleged failure to disclose its financial position before a capital raising in September ...
- + Macquarie seen eyeing German gas grid—Macquarie Group is among companies that have expressed interest in buying RWE’s natural-gas network in Germany, valued at as much as 500 million euros...
- + Little guys lag—On paper, Australia's economy is the picture of health but in some areas cash registers are still quiet.
- + Fortescue denies breach of funding deal—Fortescue denies it breached a funding agreement with Leucadia and says future funding is not dependent on the outcome of any legal process.
- + Global economy not out of turmoil: Murdoch—News Corp chief executive Rupert Murdoch said the global economy is still in an uncertain state and the media industry is going through a fundamental ...
- + Telstra targets $910m from SouFun IPO—Telstra says its Chinese subsidiary SouFun has filed for an IPO with the US Securities and Exchange Commission.
- + Telstra targets $US810m from SouFun IPO—Telstra says its Chinese subsidiary SouFun had filed for an IPO with the US Securities and Exchange Commission.
- + Jacob's sales up the creek—French beverages group Pernod Ricard has reported a 5 per cent drop in sales by its Australian wine brand, Jacob's Creek, along with a 10 per cent fal...
- + Class action on Nufarm—Two years of profit downgrades and poor continuous disclosure have left Nufarm facing shareholder class action over 'blatant' misleading and deceptive...
- + Exports overcome steel hiatus—A scheduled shutdown of Chinese steel mills and importation of six RAAF jets took the edge off Australia's trade performance.
- + Stockbroker's failure cost me $10m: Groves—Eddy Groves, the founder of ABC Learning, is taking legal action against Austock Group over a $10 million loss.
- + Bendigo hits big time with New York trip—Senior executives of Bendigo and Adelaide Bank plan a pitch to some of Wall Street's biggest investors.
- + VB serves up mateship with a twist—When men cry to a Neil Diamond track in a beer ad, you know there has been a seismic shift in society.
- + Jacobsen in the clear over fund transfers: court—A court has found concert promoter Kevin Jacobsen did nothing wrong when one of his companies lent money to another one.
- + China digs for ways to stymie BHP bid—China is stepping up attempts to hamper BHP Billiton's $43b hostile offer for Potash Corp, amid worries about future supplies of fertiliser it needs
- + Fairfax completes board overhaul—Fairfax appoints two new independent directors as part of its board renewal program, boosting digital media and journalism experience.
- + Qantas drama: 'Flames like a giant candlestick'—Some of the 212 passengers, relieved to be safe after the mid-air emergency, speak of their shock immediately after the 747-400’s engine exploded abov...
- + Fortescue faces legal challenge from shareholder—Leucadia National, the third-largest shareholder of Fortescue Metals, said it filed a summons against the iron ore mining company and CEO Andrew Forre...
- + Growth data buoys stocks—Investors cheer a surprise increase in household spending, after national accounts show consumers and miners driving a return to boom conditions.
- + An economy rest of the world would kill for—Government claims vindication after jump in economic growth delivers one of the strongest growth rates in developed world.
- + Murdoch's pay shrinks despite ad rebound—Rupert Murdoch's pay packet shrank at the same time the success of the movie Avatar and a rebound in advertising caused News Corp's profits to bulge.
- + Liquidation sinks finances of yacht builders—Renowned builders of luxury racing yachts devastated after entrepreneur liquidates one of his companies.
- + Spinoff has MasterChef Midas touch—MasterChef just keeps delivering, with the announcement yesterday of the six principal sponsors for the pint-sized spinoff of the show.
- + Growth accelerates—Australia remains home to one of the world's best performing economies, with the latest data showing growth is now back to pre-financial crisis levels...
- + 'Say no' to Chinese investment: adviser—Former George W. Bush economic adviser warns that Australia could lose its economic bargaining chip if it allows China to invest in mining or agricult...
- + Fraser-Kirk rejected $850,000 offer from DJs—Australia's highest-profile sexual harassment case came within a whisker of being settled on the eve of the $37 million damages suit being launched.
- + Mining wealth slashes our international deficit—A RECORD surge in mining revenue has all but eliminated Australia's current account deficit, long regarded as our biggest economic problem.
- + MFS 'vision' for disabled overturned by reality TV—Executives at the failed financial services group MFS thought they were doing a noble thing in trying to convert 'dowdy retirement villages' into nurs...
- + Wickenby target let slip by Australia, court told—Australian authorities let the man at the centre of the Operation Wickenby investigation into large-scale tax evasion 'slip through their fingers'.
- + Say no to China: adviser—Former George W. Bush economic adviser warns that Australia could lose its economic bargaining chip if it allows China to invest in mining or agricult...
- + Mining wealth slashes international deficit—Surge in mining revenue all but eliminates Australia's current account deficit, regarded as our biggest economic problem.
- + MFS 'vision' for disabled killed by reality TV—Executives at failed financial services group MFS thought they were doing a noble thing - until 'current affairs' TV heard about it, the NSW Supreme C...
- + Australia let Wickenby target slip, court told—Australian authorities let the man at the centre of the Operation Wickenby investigation 'slip through their fingers'.
- + Tricom chief ban overturned—A 13-MONTH secret dispute with the corporate regulator has ended in a victory for Lance Rosenberg, whose Tricom Equities was embroiled in the collapse...
- + Pharmaxis in deal to support launch of cystic fibrosis drug—Biotech company Pharmaxis has finalised a strategic marketing and sales service agreement for the commercialisation of its cystic fibrosis drug, Bronc...
- + Boy Blunder's $5.9m bad deal—George Hawa lists a tome on the psychology of currency trading on his MySpace page as his favourite book.
- + Consumers spend big—Consumers spent up in July, lifting retail sales more than expected, defying higher interest rates and lingering fears for the global economy.
- + 'Situation serious' - Clem7's big loss—The owner of Brisbane's first major tunnel project has conceded that its "situation is serious" after reporting a $1.7b annual loss.
- + Company profits in record surge—Australian businesses enjoyed a record profit surge in the latest quarter, with mining profits rising almost two-thirds on soaring commodities prices.
- + Wind farms feel the heat from small-scale solar—WIND farm investment is suffering from a ''bust'' due to complex policy changes and uncertainty over government responses to climate change, says Infi...
- + QBE may look outside for new chief—Talk of looming retirement for QBE Insurance's Frank O'Halloran has resurfaced, raising questions about whether it may be considering looking outside ...
- + Record surge in profits—Australian businesses enjoyed a record profit surge in the latest quarter, with mining profits rising almost two-thirds on soaring commodities prices.
- + Pilbara project is on, whoever becomes PM—Rio Tinto and Gina Rinehart ignore mining profits tax and plan to go ahead with their Hope Downs project.
- + McInnes hits back at new harassment claims—Facing more allegations of sexual harassment and reeling from a surprise courtroom attack, David Jones and its former chief executive have hit back.
- + Legal avenue possible for risky trades buyers—CFDproviders who advertised to inexperienced investors could face legal action.
- + Wind farms feel heat from small-scale solar—Wind farm investment is suffering from a bust due to complex policy changes and uncertainty over government responses to climate change, Infigen says.
- + US faces long recovery—Fears of a double dip recession in the US could extend local sharemarket volatility, despite reassurances that it is ready to act if the economy conti...
- + The great housing dilemma—Housing availability problems could be solved if just one in five baby boomers moved to a smaller place. The only problem is, they like it where they ...
- + Japara executive held insolvency fears—A senior executive at 2800-bed nursing home group Japara Holdings feared the company was insolvent in May last year, court documents show.
- + US faces long recovery—Fears of a double dip recession in the US could extend local sharemarket volatility, despite reassurances that it is ready to act if the economy conti...
- + Big banks in funds chase—Australia's major banks will need to borrow up to $140 billion from local and offshore markets over the next year to help fund their lending books.
- + Plugging into a world of broadband fixes—Whenever summer spreads across Scandinavia and the ground thaws, thousands of Norwegians will take to their front garden with a shovel.
- + Gold rushes in for bumper June quarter—Local gold producers are matching bumper gold prices to bumper production, with output for the June quarter rising to its highest level in 6½ yea...
- + BHP's Potash bid to be reviewed—The Canadian province of Saskatchewan will review BHP Billiton's bid for Potash Corp and is considering changes in legislation and regulations as part...
- + Buyers' advantage amid signs of spring—Spring is just around the corner and Melbourne is waiting with bated breath to see what's in store.
- + Cashed up, ready to burn—The reporting season might have been a yawn but listed companies have been travelling well.
- + Wary retailers expect the Spanish acquisition—Myer ranks as the worst sharemarket float in recent times and now chief Brookes has made everything worse with his recent comments.
- + Miner turns in solid-gold result—High gold prices have helped Lihir Gold turn a $US300.9 million loss into a $US87.1 million ($A98.1 million) profit for the first half of the year.
- + When brokers are the enemy—Suicide attempts. Threats of assault by distressed investors. Debt collectors pushing investors towards bankruptcy.
- + Miner turns in solid-gold result, despite a year of big spending—High gold prices have helped Lihir Gold turn a $US300.9 million loss into a $US87.1 million ($A98.1 million) profit for the first half of the year.
- + Fears cast cloud over good news—Fears of a 'double-dip' recession have drowned out good news this reporting season, despite spending driving a rebound in corporate Australia's profit...
- + Cash and carry—Will this year's remuneration reports persuade investors to set aside their torches and pitchforks in annual meeting season?
Last new 8/9/10 3:49pm.
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