News archive from 6 May 2013

Tax cut ranks No.1 for Budget action, says industry

Tax cut ranks No.1 for Budget action, says industry

BOOSTING prospects for Australian businesses is more important than balancing the Budget, a new industry survey has found. Cutting the company tax rate and increasing infrastructure spending are the top priorities businesses are calling for in this...

 
Wine industry problems growing at seller door

Wine industry problems growing at seller door

THE wine industry is struggling to deal with a range of global and home-grown issues threatening the survival of many growers and producers, experts warn. A confluence of international and domestic financial and market impacts has severely affected...

 
Warren Buffett optimistic on US stocks

Warren Buffett optimistic on US stocks

US billionaire Warren Buffett said the US economy is moving in the right direction and praised the policies of both president George W Bush and Barack Obama as "the right things," in an interview that aired Sunday. US stocks soared to new...

 
Westpac flying ... but payout plan falls flat with investors

Westpac flying ... but payout plan falls flat with investors

WESTPAC has unveiled a record first-half profit and revealed it will increase its dividend and reward investors with a one-off cash payout. But the bank has failed to curry favour with investors, who have sold out of the group in the wake of the...

 

Aust bonds lower after US jobs data

AUSTRALIAN bond futures prices are lower after better-than-expected US employment figures boosted sentiment among traders. US employment data, released on Friday night, showed that 165,000 jobs were added to the world's largest economy in April, while...

 
Controversial Gasp store in South Yarra closed after landlord steps in

Controversial Gasp store in South Yarra closed after landlord steps in

CLOTHING retailer Gasp is out on the street after an unhappy landlord slapped a rental arrears notice on its former South Yarra store and moved to take possession and re-let the property. The Chapel St Gasp outlet sparked international controversy...

 
Green group wants port boundaries clarified

Green group wants port boundaries clarified

Conservationists are urging the Queensland Government to urgently clarify port boundaries along the coast, after the United Nations warned it would classify the Great Barrier Reef as an endangered area.The State Government's draft Reef Ports Strategy...

ABC News, 09:13 in Business
 
Buffett’s Berkshire ‘bear’ lacks bite

Buffett’s Berkshire ‘bear’ lacks bite

Omaha, Nebraska: If there's a chink in the armour of Warren Buffett's insurance-to-chocolates conglomerate, it was left undiscovered at Saturday's Berkshire Hathaway annual meeting. The meeting, known to the business and investment community as...

 
Wine industry problems growing at seller door

Wine industry problems growing at seller door

THE wine industry is struggling to deal with a range of global and home-grown issues threatening the survival of many growers and producers, experts warn. A confluence of international and domestic financial and market impacts has severely affected...

 

Buffett’s Berkshire ‘bear’ lacks bite

Telling it like it is ... Warren Buffett. Photo: AP Omaha, Nebraska: If there's a chink in the armour of Warren Buffett's insurance-to-chocolates conglomerate, it was left undiscovered at Saturday's Berkshire Hathaway annual meeting. The meeting,...

 
Tax cut ranks No.1 for Budget action, says industry

Tax cut ranks No.1 for Budget action, says industry

BOOSTING prospects for Australian businesses is more important than balancing the Budget, a new industry survey has found. Cutting the company tax rate and increasing infrastructure spending are the top priorities businesses are calling for in this...

 
Warren Buffett optimistic on US stocks

Warren Buffett optimistic on US stocks

US billionaire Warren Buffett said the US economy is moving in the right direction and praised the policies of both president George W Bush and Barack Obama as "the right things," in an interview that aired Sunday. US stocks soared to new...

 
Westpac flying ... but payout plan falls flat with investors

Westpac flying ... but payout plan falls flat with investors

WESTPAC has unveiled a record first-half profit and revealed it will increase its dividend and reward investors with a one-off cash payout. But the bank has failed to curry favour with investors, who have sold out of the group in the wake of the...

 

Buffett’s Berkshire ‘bear’ lacks bite

Telling it like it is ... Warren Buffett. Photo: AP Omaha, Nebraska: If there's a chink in the armour of Warren Buffett's insurance-to-chocolates conglomerate, it was left undiscovered at Saturday's Berkshire Hathaway annual meeting. The meeting,...

TheAge, 09:20 in Business
 

Prime Minister Julia Gillard says increase to Medicare levy will stay even if Budget returns to surplus

PRIME Minister Julia Gillard has revealed the Government's proposed Medicare levy increase would continue to fund the National Disability Insurance Scheme, even if the Budget were to return to surplus in the future. Premier Campbell Newman is expected...

 
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