Perpetual Loses CEO
Perpetual CEO, David Deverall, did the right thing by his employer yesterday in signalling his decision to stand down ne...
Alinta Trails Its Coat
There is life after Babcock & Brown, just look at Alinta Energy (AKA Babcock & Brown Power)The power station company has...
Suncorp Sells Its Life Insurance Appeal
A look at the Suncorp-Metway share price graph will tell us that the financial group is going nowhere as investors wait ...
Sonray suffers; freezes 3K client accounts
Melbourne-based Sonray Capital Markets group flops and accounts of its 3000 clients have been frozen.
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Pork Board: infringement by 'Unicorn meat'
The US National Pork Board has issued a cease and desist letter to online retailer ThinkGeek regarding a potential infrigement of their trademark slogan 'The Other White Meat' - in regard to an April Fools Day 'canned unicorn' product.A headline on the ThinkGeek gag page for Radiant Farms Canned Uni...
Fairfax And The Big Short
ASIC reports Fairfax is the most shorted stock in the index, with daylight second. Why?
Mixed Data On The Oz Economy
The latest Westpac-ACCI Survey of Industrial Trends has delivered some mixed data, with price pressures rising but growth still above trend.
Macquarie Issues Stark Warning
Australian investment banking major, Macquarie Group issued a warning to investors on Thursday, that volatility in financial markets were adversely impacting parts of its business, which sent Macquarie shares into a tail spin.
Google loses to NetApp as best employer
Internet giant Google has lost its mantle as Australia's best employer to NetApp, an IT company specialising in storage services that ranked second last year.
Asian stocks dropped anew Asian
Asian stocks plummeted its biggest in two weeks as U.S. home sales slowed down anew in May unexpectedly raising concerns on the fragility of the world's biggest economy.
IG Markets Australian Market Wrap
The Australia 200 CFD Index was 1.6% lower today, with energy and financial names detracting most of the points.
BP dismisses fears over dried up funds
BP has tried to alleviate worries it is running out of cash, insisting it had enough resources to deal with the Gulf of Mexico crisis.
Pharmaxis shares plunge, poor drug results
Shares in Pharmaxis declined by almost 50 per cent today after investors took a gloomy view on trial results of its Bronchitol drug.
Pluto LNG strike could impact production schedule, costs
Oil and gas producer Woodside Petroleum warns of possible slow up and cost increases amid recurring labor disputes at Pluto project.
Queensland Rail falls short in coal-hauling targets
Queensland Rail did not achieve its coal-hauling obligations to the Dalrymple Bay Coal Terminal at Mackay, Rio Tinto Coal Australia claims, as the industry continues to battle the planned $3 billion float of QR's freight operations.
New Zealand tapers off current account deficit
New Zealand's yearly account deficit was tapered off to its smallest amount in more than 20 years in the fiscal year to March, as exports grew and foreign investors declined.
Lincoln's mining plans hurt seafood industry
Lincoln Minerals announced plans to forfeit mining operations on its iron ore products and use the Port Lincoln wharf to export products for two years once funds and approvals are set in place.
Origin consortium key bidder for Alinta
An alliance composed of APA Group, Japan's Marubeni and Origin Energy emerged as a key candidate for the Alinta Energy bid.
ASIC probes Telstra over share price movements
Telecommunication company Telstra agreed to cooperate with the Australian Securities and Investments Commission on the investigation on its share price movements after it sealed a contract on the National Broadband Network.
Suncorps strengthens its life insurance services
Brisbane-based Suncorp-Metway Limited plans to double its new life insurance business for the next three years by starting its services on direct sales and financial advice markets.
Rocky Road For Markets Heading Into Third Quarter
Q3 is shaping up as a highly volatile quarter dominated by economic data and government decisions, argue Gain Capital's Brian Dolan and Jane Foley.
Retailers call on gov't to meddle on extended shopping hours curfew
Retailers are urging the State Government not to interfere on dictating trading hours despite an agreement where some stores are allowed to open until 9pm on weeknights.
The Overnight Report: Fear Rebuilding
A weak US housing number added to a growing renewal of general concern last night as the S&P500 fell through its 200-day moving average amidst weak volume. Dow down 148. (Locked for subscribers until 10:00 AEST)
CFMEU will back tax if communities improve
The Construction Forestry Mining Energy Union said it will support the proposed resources super profits tax if the Federal Government agrees to put out some funds to improve the mining towns.
New grapefruit treatment process opens Japanese market to Australia
Four years of work by Western Australian researchers has opened the door for exports of Australian grapefruit to one of the world's biggest markets.Agriculture and Food Minister Terry Redman said the decision by Japan's Ministry of Agriculture, Forestry and Fisheries was welcome news, potentially wo...
Newly Weds Foods extends global reach
Newly Weds Foods Inc. has acquired food ingredients manufacturer Witwood Food Products Ltd for an undisclosed sum.The combination of the two businesses - both of which have manufacturing sites in Sydney - will give customers across the globe access to a range of innovative new products and technolog...
Suncorp Seeks To Double Life Insurance Business In Three Years
Banc-assurance group Suncorp-Metway is seeking to more than double the size of its current life insurance business over the next three years, as it expands its presence in direct sale and financial planning markets.
Leighton reaffirms full year guidance for 2010
Leighton Holdings Ltd said on Tuesday that the company is right on track to reach its expected after tax full year profit of $A600 million and coupled with a total of $29 billion as total revenue.
Treasury Henry calls on economist to support resources tax
Australia's Treasury chief Ken Henry has called on all economists and tax experts to lay down their guns and focus on the current proposals such as the resources super profits tax.
ACT property auction elicits little interest from national developers
The ACT government auctioned off two significant city sites on Monday; the land and property services expert handling the sale was caught off guard by the apparent disinterest shown by national property developers.
Two Canberra civic sites snubbed during auction
A land and property services analyst in Canberra was appalled by the lack of national interest and support from property developers in the auction of two key city sites last Monday.
Commodity exports earnings forecast to spike by 23 percent in 2010/11
The Australian Bureau of Agricultural and Resource Economics (ABARE) reported on Tuesday that the nation’s commodity export earnings would increase by up to 23 percent to $202.5 billion in 2010/11 as compared to last year’s forecast of $164.1 billion.
Cazaly sells gold assets to focus on iron ore
A Perth-based miner told media today that selling its West Kalgoorlie gold assets will further strengthen the company to focus on its Goldfields iron ore project.
DMC board gives in to takeover bid of Cape Lambert
DMC Mining Ltd’s directors said today that they are inclined to accept the offer of Cape Lambert Resources Ltd to acquire their stocks and options at 53 cents per shares, for a total takeover bid of $46.04 million.
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