Finance News, Thursday 28th April 2011
Fosters proxies favour demerger
Proxy votes cast at the extraordinary general meeting of Fosters Group Ltd shareholders strongly support demerger of the company into two separately listed companies focussing each on beer and wine.Shareholders ... ...Thu 28th April 2011 - 11:45pm
NBN chiefs former company in bribery probe
The Federal Government says it was not aware before appointing National Broadband Network boss Mike Quigley that US authorities were investigating allegations involving his former employer.Mr Quigley- ... ...Thu 28th April 2011 - 11:45pm
Blackstone to buy Valad for 207m
Private equity group Blackstone has agreed to buy Valad Property Group for 207 million in cash- as Valad aims to maximise shareholder value.Affiliates of Blackstone Real Estate Partners have offered 1.80 ... ...Thu 28th April 2011 - 11:39pm
WA housing hot-spots increase
Western Australia has four places in the Housing Industry Associations Top 20 building hotspots in the country.A hotspot is defined as a local area where population growth exceeds the national rate ... ...Thu 28th April 2011 - 11:38pm
Chrysler to repay 7.5B of bailout money
Chrysler will take out bank loans and sell bonds to repay US7.5 billion A6.92 billion in bailout money from the US and Canadian governments- another sign that the company is recovering from its near ... ...Thu 28th April 2011 - 11:30pm
Microsoft posts 5.23 billion net profit
US software giant Microsoft beat the expectations of Wall Street analysts on Thursday despite the weak market for personal computers.The Redmond- Washington-based Microsoft said net profit rose 31 per ... ...Thu 28th April 2011 - 11:30pm
Fosters chairman urges vote for demerger
Fosters Group Ltd chairman David Crawford has told shareholders that the advantages of a demerger of the business into two separately listed entities focussing each on beer and wine outweighed the ... ...Thu 28th April 2011 - 11:19pm
WA housing hot-spots increase
Western Australia has four places in the Housing Industry Associations Top 20 building hotspots in the country.A hotspot is defined as a local area where population growth exceeds the national rate ... ...Thu 28th April 2011 - 11:16pm
Macquarie FY profit falls 9 to 956m
Macquarie Group Ltds full year profit declined by nine per cent as the investment bank says earnings in fiscal 2012 are expected to improve on the year just passed.Net profit fell to 956 million ... ...Thu 28th April 2011 - 11:08pm
US economic recovery slows
There are signs the United States economic recovery is cooling after growth slowed in the first quarter.The US economy slowed sharply in the first three months of this year- growing at 1.8 per cent- down ... ...Thu 28th April 2011 - 11:05pm
Spare change to celebrate Royal wedding
There is no need for a princely sum to get hold of some Royal wedding memorabilia today at Sydneys Circular Quay.The Royal Australian Mint has 15-000 20 cent coins bearing the images of Prince William ... ...Thu 28th April 2011 - 11:00pm
Dont squander mining revenue- IMF warns
The International Monetary Fund IMF has suggested Australia should save revenue from the mining boom to help deal with the future challenges of an ageing population.In its latest report- the IMF also ... ...Thu 28th April 2011 - 10:58pm
Macquarie FY profit falls 9 to 956m
Macquarie Group Ltds full year profit declined by nine per cent as the investment bank says earnings in fiscal 2012 are expected to improve on the year just passed.Net profit fell to 956 million ... ...Thu 28th April 2011 - 10:56pm
Loggers paid exit money find fresh coupes
Green groups are angry that logging contractors paid money to exit the Tasmanian industry are free to continue harvesting native forests in other states.The revelation has angered environmental groups.The ... ...Thu 28th April 2011 - 10:50pm
Loggers paid exit money find fresh coupes
Logging contractors who have been paid hundreds of thousands of dollars to exit the Tasmanian industry are free to continue harvesting native forests in other states.The revelation has angered environmental ... ...Thu 28th April 2011 - 10:49pm
Macquarie FY profit falls 9 to 956m
Macquarie Group Ltds full year profit declined by nine per cent as the investment bank says earnings in fiscal 2012 are expected to improve on the year just passed.Net profit fell to 956 million ... ...Thu 28th April 2011 - 10:46pm
Australia shares seen edging higher- dollar a worry
MARKETS-AUSTRALIA-STOCKS-Australia shares seen edging higher- dollar a worry ...Thu 28th April 2011 - 10:17pm
Subcontractors to get little back from failed builder
The administrator for north Queensland developer Glenwood Homes says some subcontractors might not get any payout after the companys collapse.The property developer has been put into liquidation and ... ...Thu 28th April 2011 - 10:11pm
Dollar hovers at 29-year highs after soft US growth report
Another round of positive earnings reports and a weaker-than-expected US economic growth figure has kept the Australian dollar close to its 29-year high.At 7.35am AEST the currency had climbed as high ... ...Thu 28th April 2011 - 10:00pm
Dont squander mining revenue- IMF warns
The International Monetary Fund IMF is predicting Australias economic growth will continue to accelerate.But in its latest report- the IMF warns Australias increasing dependence on mining will ... ...Thu 28th April 2011 - 09:08pm
Government politicising PBS process
Health groups say cancer patients and people with schizophrenia are among those who will be affected by the Federal Governments decision to delay subsidising some medicines.The Government has delayed ... ...Thu 28th April 2011 - 08:48pm
Government politicising PBS process
Health groups say cancer patients and people with schizophrenia are among those who will be affected by the Federal Governments decision to delay subsidising some medicines.The Government has delayed ... ...Thu 28th April 2011 - 08:45pm
Government politicising PBS process
Health groups say cancer patients and people with schizophrenia are among those who will be affected by the Federal Governments decision to delay subsidising some medicines.The Government has delayed ... ...Thu 28th April 2011 - 08:36pm
First offshore yuan IPO makes limp Hong Kong debut
Hong Kong tycoon Li Ka-shings yuan-denominated IPO- the worlds first outside mainland China- made a limp trading debut Friday- falling almost seven percent at the open.Shares in Hui Xian Real ... ...Thu 28th April 2011 - 04:27pm
Sony sued over PlayStation Network hack
Sony is being sued in US court by gamers irked by news that a hacker cracked PlayStation Network defenses and pilfered data that could potentially be used for fraud or identity theft.Separate cases filed ... ...Thu 28th April 2011 - 03:27pm
Microsoft net profit up but surpassed by Apple
US software giant Microsoft posted a more than 30 percent rise in quarterly net profit on Thursday but pocketed less than gadget-maker Apple for the first time in two decades.Microsoft said net profit ... ...Thu 28th April 2011 - 01:34pm
Latin American accord targets Pacific trade
The presidents of Mexico- Colombia- Chile and Peru met in Lima on Thursday to sign an ambitious trade agreement aimed at forging a common strategy to access the lucrative Asian market.The document known ... ...Thu 28th April 2011 - 12:47pm
First offshore yuan IPO set for Hong Kong debut
The worlds first yuan-denominated IPO outside mainland China debuts in Hong Kong on Friday- marking a milestone for Beijings goal to turn the yuan into a global currency.The performance of the ... ...Thu 28th April 2011 - 11:41am
Asian-owned businesses grow sharply in US
Businesses owned by Asian Americans have grown at more than twice the national average- offering a boost to the United States economy- official figures said Thursday.Releasing a survey taken twice each ... ...Thu 28th April 2011 - 11:40am
Microsoft posts 5.23 billion net profit
US software giant Microsoft beat the expectations of Wall Street analysts on Thursday despite the weak market for personal computers.The Redmond- Washington-based Microsoft said net profit rose 31 percent ... ...Thu 28th April 2011 - 11:08am
US economy slowed sharply in first quarter
Sharp cuts to government spending and higher fuel and food prices slowed US growth in the first quarter- highlighting the weakness of the countrys recovery- official data showed Thursday.Growth slowed ... ...Thu 28th April 2011 - 10:36am
Chrysler set to repay US- Canada bailouts
Chrysler vowed Thursday to repay bailout loans worth more than 7 billion given by the US and Canadian governments- moving to close a troubled chapter in the companys history.The number three US auto ... ...Thu 28th April 2011 - 10:34am
Microsoft posts 5.23 billion quarterly net profit
US software giant Microsoft said Thursday that its quarterly net profit rose 31 percent to 5.23 billion while revenue increased 13 percent to 16.43 billion.Earnings per share of 61 cents were better ... ...Thu 28th April 2011 - 10:27am
Microsoft posts 5.23 billion quarterly net profit
US software giant Microsoft said Thursday that its quarterly net profit rose 31 percent to 5.23 billion while revenue increased 13 percent to 16.43 billion.Earnings per share of 61 percent were better ... ...Thu 28th April 2011 - 10:20am
Rosneft earnings beat expectations on rising prices
Russias largest oil company Rosneft on Thursday handily beat analysts expectations by reporting a 58.2 percent jump in quarterly profits that it attributed to rising energy prices and sales.The ... ...Thu 28th April 2011 - 08:01am
New editors for News Limited papers
The editor of one of Australias highest-circulating newspapers- The Daily Telegraph- has stepped down.Garry Linnell announced his decision to leave the company to pursue other interests ... ...Thu 28th April 2011 - 08:01am
Aust equities market fundamentals strong
Wealth manager Fidelity Investments says Australian equity market fundamentals are strong- with companies trading at historically attractive valuations as well as having strong balance sheets and solid ... ...Thu 28th April 2011 - 07:58am
Thomson net profit nearly doubles
Thomson said Thursday that its net profit nearly doubled in the first quarter and announced plans to sell off two more businesses to fuel investment in its core activities.The financial ... ...Thu 28th April 2011 - 07:58am
Sweden approves Russian owner for Saab
Swedens debt office on Thursday approved a controversial Russian businessman as a new investor in Saab- offering a glimmer of hope the struggling carmaker will scrape together enough cash to relaunch ... ...Thu 28th April 2011 - 07:51am
US economy slowed sharply in first quarter
Sharp cuts to government spending and higher fuel and food prices slowed US growth in the first quarter- highlighting the weakness of the countrys recovery- official data showed Thursday.Growth slowed ... ...Thu 28th April 2011 - 07:42am
Chrysler set to repay US- Canada bailouts
Chrysler said Thursday it plans to repay bailout loans from the US and Canadian governments of more than 7 billion dollars under a debt refinancing plan.The number three US auto group intends to ... ...Thu 28th April 2011 - 07:37am
Chinese may JV in Kagaras Admiral Bay
Kagara Ltd says a joint venture partner for its Admiral Bay base metals mining project in Western Australia is likely to be Chinese.Chairman Kim Robinson says the miner is keeping its partnership options ... ...Thu 28th April 2011 - 07:35am
Australia shares flat- Aussie dollar spike hits offshore operators
MARKETS-AUSTRALIA-STOCKS UPDATE 4-Australia shares flat- Aussie dollar spike hits offshore operators ...Thu 28th April 2011 - 07:27am
Shares flat as dollar passes US1.09
The Australian dollar is hovering around its highest level since 1982- boosted by weakness in the greenback.After the US Federal Reserve signalled it was in no hurry to scale back its stimulus measures- ... ...Thu 28th April 2011 - 07:26am
Oil Search revenue dips despite oil price
Oil Search Ltd has reported a dip in operating revenue for the March quarter on lower oil and gas production- and despite a jump in the oil price.While oil production of 1.53 mmbbl million barrels ... ...Thu 28th April 2011 - 06:59am
Whitehaven Coal cuts profit guidance
A series of natural disasters have hit Whitehaven Coal Ltds earnings this year with the miner forced to reduce its underlying profit guidance.Damage to Japanese coal handling and steel plants after ... ...Thu 28th April 2011 - 06:57am
RHG shareholders revolt against buyback plan
Shareholders of RHG- formerly known as RAMS Home Loans- have revolted against a plan by the chairman John Kinghorn to buy back shares and consolidate his familys control over the company. Mr Kinghorn ... ...Thu 28th April 2011 - 06:43am
Goodman Fielder downgrades profit guidance
Shares in Goodman Fielder Ltd slumped nine per cent to a two-year low after the food manufacturer downgraded its full year profit guidance.The stock dropped 10.5 cents- or 9.05 per cent- to 1.055 on Thursday- ... ...Thu 28th April 2011 - 06:42am
Flood leaves debt greater than home value
Many victims of Queenslands floods might find their mortgage debt is greater than the value of their homes.Land valuations - delayed after serious floods hit Brisbane in January - show property values ... ...Thu 28th April 2011 - 06:41am
Russias Yandex announces NASDAQ listing
Russias top Internet portal Yandex announced plans Thursday to hold an initial public offering on New Yorks NASDAQ stock exchange.Yandex N.V. announced today that it has filed a registration ... ...Thu 28th April 2011 - 06:29am
Computershare makes biggest acquisition
Australias Computershare Ltd has made its largest acquisition yet- agreeing to a US550 million A509.85 million purchase of the shareowner services business of The Bank of New York Mellon Corporation.Computershare ... ...Thu 28th April 2011 - 06:29am
Rosneft earnings beat expectations
Russias largest oil company Rosneft on Thursday handily beat analysts expectations by reporting a 58.2 percent jump in quarterly profits that it attributed to rising energy prices and sales.The ... ...Thu 28th April 2011 - 06:26am
US economic growth slows sharply to 1.8
US economic growth slowed to a 1.8 percent pace in the first quarter of 2011 as government spending cuts and rising food and fuel costs dented activity- government data showed Thursday.Gross domestic product ... ...Thu 28th April 2011 - 06:23am
Australia shares lose gains to end flat banks- Telstra up
MARKETS-AUSTRALIA-STOCKS UPDATE 3-Australia shares lose gains to end flat banks- Telstra up ...Thu 28th April 2011 - 06:19am
RHG shareholders revolt against privatisation plan
Shareholders of RHG- formerly known as RAMS Home Loans- have revolted against a plan by the chairman John Kinghorn to buy back shares and consolidate his familys control over the company. Mr Kinghorn ... ...Thu 28th April 2011 - 06:19am
No more smoking Gunns
Tasmanian timber company Gunns is to stop burning waste material left over from plantation forests.In the past- the company would conduct controlled burns to reduce waste left on the forest floor after ... ...Thu 28th April 2011 - 06:12am
High oil prices stoke ExxonMobil bumper profits
ExxonMobil reported nearly 11 billion in quarterly profit Thursday on the back of a surge in oil prices that has put the company in the crosshairs of US politicians- including President Barack Obama.As ... ...Thu 28th April 2011 - 06:08am
Australia should save commodity gains- IMF
The International Monetary Fund IMF has again signalled the federal government should consider saving the revenue boost from higher commodity prices in a sovereign wealth fund.The IMF- in its Regional ... ...Thu 28th April 2011 - 06:02am
US shocks no longer Australias worry- IMF
It used to be said that if the United States sneezed- the Australian economy caught the flu. But no more.An analysis by the International Monetary Fund IMF has found that in the past 10 years- economic ... ...Thu 28th April 2011 - 06:01am
EU opens anti-trust probe into stay-awake drug deal
European antitrust authorities announced on Thursday the opening of a formal antitrust probe into US drugs company Cephalon and Israel-based generic drugs firm Teva over stay-awake drug Modafinil.The controversial ... ...Thu 28th April 2011 - 05:59am
Rosneft Q1 net income up nearly 60
Russias largest oil company Rosneft on Thursday handily beat analysts expectations by reporting a 58.2 percent rise in its first quarter profits largely thanks to stronger energy prices.The state-held ... ...Thu 28th April 2011 - 05:27am
Sunrice a step closer to foreign ownership
Australias rice industry co-operative Sunrice is a step closer to being bought by the Spanish food giant Ebro.The Foreign Investment Review Board notified Ebro it has no objections to the deal- and ... ...Thu 28th April 2011 - 05:07am
Portugal bailout plan needed before May 16- PM
A bailout plan for Portugal should be drafted by mid-May to present to eurozone finance ministers- with negotiations to be quick but discreet- outgoing Prime Minister Jose Socrates said on Thursday.Officials ... ...Thu 28th April 2011 - 05:06am
Oil prices stable- Brent above 125
World oil prices steadied on Thursday ahead of growth data in the United States- the biggest crude-consuming nation.Brent North Sea crude for delivery in June gained 10 cents to 125.23 a barrel in London ... ...Thu 28th April 2011 - 05:04am
Russia bans petrol exports amid shortages
Russia decided on Thursday to halt premium petrol exports and switch the flow to the home market to fight shortages and a price rise that is coinciding with growing voter discontent.The sudden announcement ... ...Thu 28th April 2011 - 05:01am
Deutsche Boerse reports 36 quarterly profit gain
Frankfurt stock market operator Deutsche Boerse said on Thursday that its first-quarter net profit rose 36 percent to 212.8 million euros 315 million- saying this was the best quarterly outcome since ... ...Thu 28th April 2011 - 04:59am
Fed chief signals end of stimulus
US Federal Reserve Chairman Ben Bernanke has tried to cast the central bank as a dependable custodian of the US recovery in his first press conference- as the bank begins to move away from crisis-era policies.Heralding ... ...Thu 28th April 2011 - 04:58am
IMF in talks with Portugal as long as necessary
The International Monetary Fund will negotiate the terms of a financial rescue with Portugal as long as it takes to reach an agreement- an IMF spokesman said on Thursday.Negotiations are ongoing ... ...Thu 28th April 2011 - 04:47am
Montara oil spill leads Universal to close
One of the Northern Territorys leading engineering companies has gone into voluntary liquidation- in part because of the Montara oil spill.Universal Engineering managing director Steve Tiley on Thursday ... ...Thu 28th April 2011 - 04:45am
Greek PM slams economic doomsayers
Prime Minister George Papandreou on Thursday criticised doomsayers behind a funeral chant of speculation that Greece will have to restructure its debts- a move his government has vociferously ... ...Thu 28th April 2011 - 04:42am
Financial planners to fight increased regulation
Several industry groups are opposing some of the Federal Governments planned changes to financial planning regulation.The changes ban trailing commissions and commissions on superannuation insurance- ... ...Thu 28th April 2011 - 04:41am
Greek PM calls restructure speculators doomsayers
Prime Minister George Papandreou criticised Thursday doomsayers behind mounting speculation that Greece will be forced to restructure its debts- a move which his government has vociferously rejected.Last ... ...Thu 28th April 2011 - 04:31am
Financial planners to fight increased regulation
Several industry groups are opposing some of the Federal Governments planned changes to financial planning regulation.The changes ban trailing commissions and commissions on superannuation insurance- ... ...Thu 28th April 2011 - 04:29am
Financial planners to fight increased regulation
Several industry groups are opposing some of the Federal Governments planned changes to financial planning regulation.The changes ban trailing commissions and commissions on superannuation insurance- ... ...Thu 28th April 2011 - 04:27am
European shares steady on low Fed rates
European equities held steady on Thursday- as investors welcomed the US Federal Reserves commitment to keep interest rates low- and digested upbeat German unemployment data and company results.Markets ... ...Thu 28th April 2011 - 04:21am
Financial planners to fight increased regulation
Several industry groups are opposing some of the Federal Governments planned changes to financial planning regulation.The changes ban trailing commissions and commissions on superannuation insurance- ... ...Thu 28th April 2011 - 04:14am
Financial planners to fight increased regulation
Several industry groups are planning to oppose some of the Federal Governments changes to financial planning regulation.The changes ban trailing commissions and commissions on superannuation insurance- ... ...Thu 28th April 2011 - 04:03am
Greek debt restructuring not an option- Juncker
A restructuring of Greek debt is not an option because it would cause enormous problems- the head of the Eurogroup of eurozone finance ministers Jean-Claude Juncker said on Thursday.Juncker ... ...Thu 28th April 2011 - 03:57am
BP raises profits- Gulf oil spill costs
BPs first-quarter net profits leapt 17 per cent thanks to high crude prices- the British energy giant said on Wednesday- adding it was raising the cost of last years fatal Gulf oil spill disaster.Earnings ... ...Thu 28th April 2011 - 03:57am
Patients could be at risk over PBS deferral
Federal Health Minister Nicola Roxon has agreed to meet pharmaceutical groups to explain the Governments move to defer subsidising some medicines on the Pharmaceutical Benefits Scheme PBS.The Governments ... ...Thu 28th April 2011 - 03:51am
Patients could be at risk over PBS deferral
Federal Health Minister Nicola Roxon has agreed to meet pharmaceutical groups to explain the Governments move to defer subsidising some medicines on the Pharmaceutical Benefits Scheme PBS.The Governments ... ...Thu 28th April 2011 - 03:39am
Volkswagen Q1 profit soars to A2.33bn
Car maker Volkswagen AG sharply increased net profit to 1.71 billion euros A2.33 billion in the first quarter as stronger sales in emerging markets such as China- Argentina- and Russia more than made ... ...Thu 28th April 2011 - 03:31am
High oil prices stoke ExxonMobil bumper profits
ExxonMobil on Thursday reported bumper quarterly profits of nearly 11 billion as the energy giant benefited from a politically sensitive surge in oil prices.Net income hit 10.65 billion in the first ... ...Thu 28th April 2011 - 03:15am
US economic growth pared to 1.8 percent rate
US economic growth slowed sharply in the first quarter to a 1.8 percent pace as governments slashed spending- the Commerce Department said Thursday.After the growth hummed at a 3.1 percent pace in the ... ...Thu 28th April 2011 - 03:13am
Engineer goes under as a result of Montara disaster
An award-winning Northern Territory engineering company has gone into voluntary liquidation- saying it is in an unrecoverable position.Universal Engineering- an NT Small Business award winner- ... ...Thu 28th April 2011 - 03:03am
US economy slows sharply in first quarter
US economic growth slowed sharply in the first quarter to a rate of 1.8 percent- the Commerce Department said on Thursday.After the growth hummed at a 3.1 percent pace in the fourth quarter of 2010- the ... ...Thu 28th April 2011 - 02:47am
US economy slows in first quarter
US economic growth slowed in the first quarter to a rate of 1.8 percent- the Commerce Department said on Thursday. ...Thu 28th April 2011 - 02:45am
Xstrata rail deal to boost jobs
Mining giant Xstrata has signed a new transport deal with Queensland Rail and Pacific National that will see 160 new jobs created in the states north.The rail users have agreed to a 10-year access ... ...Thu 28th April 2011 - 02:34am
Procter and Gamble profit jumps on global sales
US consumer products giant Procter -amp Gamble on Thursday said net profit rose 11 percent in its third quarter as sales increased in all its regions around the world.The maker of Crest toothpaste- Braun ... ...Thu 28th April 2011 - 02:32am
High oil prices stoke ExxonMobil bumper profits
ExxonMobil on Thursday reported bumper quarterly profits of nearly 11 billion as the energy giant benefited from a politically sensitive surge in oil prices. ...Thu 28th April 2011 - 02:31am
Shell says profits rocket 60 in quarter
Anglo-Dutch oil giant Shell turned in a 60-percent net profit leap for the first quarter on Thursday- benefiting from resurgent oil prices and the sale of non-core assets.Earnings after tax rallied to ... ...Thu 28th April 2011 - 02:30am
Gazprom reports bumper 35bn dlr profits
Gazprom- the worlds biggest gas firm- on Thursday reported colossal profits for 2010 of over 35 billion- up 24 percent and reinforcing its status as a cornerstone of the Russian economy.Its full ... ...Thu 28th April 2011 - 02:25am
Body possibly found in Pike River mine
The discovery of what appears to be a body in New Zealands collapsed Pike River mine has reinvigorated angry calls to retrieve the bodies of 29 workers who were trapped there last year.Police say ... ...Thu 28th April 2011 - 02:18am
Gazprom reports bumper 35 bln dlr profits
Gazprom- the worlds biggest gas firm- on Thursday reported colossal profits for 2010 of over 35 billion- up 24 percent and reinforcing its status as a cornerstone of the Russian economy.Its full ... ...Thu 28th April 2011 - 02:16am
Body possibly found in Pike River mine
The discovery of what appears to be a body in New Zealands collapsed Pike River mine has reinvigorated angry calls to retrieve the bodies of 29 workers who were trapped there last year.Police say ... ...Thu 28th April 2011 - 02:16am
P-ampG net profit jumps 11 on strong global sales
US consumer products giant Procter -amp Gamble on Thursday said net profit rose 11 percent in its third quarter as sales increased in all its regions around the world.The maker of Crest toothpaste- Braun ... ...Thu 28th April 2011 - 02:02am
P-ampG profit jumps 16 on strong global sales
US consumer products giant Procter -amp Gamble on Thursday said profits rose 16 percent in the companys third quarter as sales increased in all its regions around the world.The maker of Crest toothpaste- ... ...Thu 28th April 2011 - 01:48am
Shell says profits rocket 60 in quarter
Anglo-Dutch oil giant Shell turned in a 60-percent net profit leap for the first quarter on Thursday- benefiting from resurgent oil prices and the sale of non-core assets.Earnings after tax rallied to ... ...Thu 28th April 2011 - 01:40am
Warren Buffetts firm might sue former executive
David Sokol- the former heir-apparent to investment star Warren Buffett- broke company insider trading rules when he bought shares ahead of a Berkshire Hathaway acquisition- the company said on Wednesday.Sokol- ... ...Thu 28th April 2011 - 01:27am
Whitehaven Coal cuts profit guidance
Whitehaven Coal Ltd has reduced its underlying profit guidance because damage to Japanese coal handling and steel plants after the earthquake has led to deliveries being deferred.Underlying net profit ... ...Thu 28th April 2011 - 01:24am
12b Darwin gas plant susceptible to cyclones
A retired engineer says a planned 12 billion gas plant for Darwin would not withstand repeated category five cyclones.Mike Nichols has outlined his concerns in a submission to the Northern Territory Government.He ... ...Thu 28th April 2011 - 01:21am
Dollar passes 109 US cents- shares up
The Australian dollars continued its ascent- rising above 109 US cents for the first time since 1982.Just after 11-00am AEST the local currency hit a high of 109.21 US cents after the US Federal ... ...Thu 28th April 2011 - 01:18am
Dollar passes 109 US cents- shares up
The Australian dollars continued its ascent- rising above 109 US cents for the first time since 1982.Just after 11-00am AEST the local currency hit a high of 109.21 US cents after the US Federal ... ...Thu 28th April 2011 - 01:17am
New financial planning rules eliminate conflicts
The Federal Government has announced further changes to the rules for financial planners which it says will help protect investors.The Government has already flagged its intention to ban commissions for ... ...Thu 28th April 2011 - 01:13am
New financial planning rules eliminate conflicts
The Federal Government has announced further changes to the rules for financial planners which it says will help protect investors.The Government has already flagged its intention to ban commissions for ... ...Thu 28th April 2011 - 01:11am
New financial planning rules eliminate conflicts
The Federal Government has announced further changes to the rules for financial planners which it says will help protect investors.The Government has already flagged its intention to ban commissions for ... ...Thu 28th April 2011 - 01:05am
Rainmakers head to the clouds
Hydro Tasmania has started its cloud seeding program but will avoid the west coast because of community concerns.Seeding will start over the Gordon River catchment and the central highland lakes. Cloud ... ...Thu 28th April 2011 - 12:56am
Computershare makes biggest acquisition
Share registry Computershare Ltd has agreed to buy the The Bank of New York Mellon Corporations shareowner services business for US550 million A509.85 million in cash.Shares in Computershare jumped ... ...Thu 28th April 2011 - 12:50am
Oil Search reports 4 pct production fall
Energy producer Oil Search Ltd says it produced 1.79 million barrels of oil equivalent MMBOE in the first quarter of calendar 2011- down four per cent on the December quarter.Oil Search said in its quarterly ... ...Thu 28th April 2011 - 12:46am
Goodman Fielder downgrades profit guidance
Shares in Goodman Fielder Ltd slumped seven per cent to a two-year low after the food manufacturer downgraded its full year profit guidance.The stock dropped eight cents- or 6.9 per cent- to 1.08- the ... ...Thu 28th April 2011 - 12:42am
Police identify body in Pike River mine
New Zealand police say a body has been identified inside the Greymouth Pike River coal mine where 29 workers died last year.Two Australians- two Britons and a South African were among the men who died ... ...Thu 28th April 2011 - 12:36am
Computershare jumps on biggest takeover
Shares in Computershare Ltd jumped more than eight per cent to an almost two-month high after the share registry said it would buy a US share services operation- in the companys biggest takeover.The ... ...Thu 28th April 2011 - 12:31am
Goodman Fielder downgrades profit guidance
Food group Goodman Fielder Ltd has downgraded its full year profit guidance- saying it has underestimated the effect of natural disasters and that retailers have been resisting price increases.Goodman ... ...Thu 28th April 2011 - 12:18am
Age of cheap fuel is over- IEA
One major indicator of inflation is the price of petrol and the latest information from the International Energy Agency IEA shows it will only get more expensive.Oil is deeply embedded in the economy- ... ...Thu 28th April 2011 - 12:05am
Age of cheap fuel is over- IEA
One major indicator of inflation is the price of petrol and the latest information from the International Energy Agency IEA shows it will only get more expensive.Oil is deeply embedded in the economy- ... ...Thu 28th April 2011 - 12:03am
New financial planning rules eliminate conflicts
The Federal Government has announced further changes to the rules for financial planners which it says will help protect investors.The Government has already flagged its intention to ban commissions for ... ...Thu 28th April 2011 - 12:00am
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