News archive from 10 May 2013

Gunns liquidator sounds takeover warning

Gunns liquidator sounds takeover warning

The liquidator of the collapsed Tasmanian timber company Gunns has warned plantation scheme investors against accepting a takeover offer from Macquarie Group.Macquarie Group has approached investors with a plan to transfer control of hundreds of...

ABC News, 09:04 in Business
 
Whale watching laws change in southern Qld

Whale watching laws change in southern Qld

Queensland Environment Minister Andrew Powell says new whale watching laws reduce restrictions on commercial operators in the state's south-east.The State Government has amended legislation by lifting bans on commercial whale watching in waters off...

ABC News, 09:04 in Business
 

S&P 500 slips, snaps five-day streak of record closes

The S&P 500 broke a five-day streak of record closing highs on Thursday, ending a fairly volatile session lower as the market's recent momentum faded and Apple's shares declined. The Dow also broke its two-day string of all-time closing highs, but...

 

S&P 500 slips, snaps five-day streak of record closes

The S&P 500 broke a five-day streak of record closing highs on Thursday, ending a fairly volatile session lower as the market's recent momentum faded and Apple's shares declined. The Dow also broke its two-day string of all-time closing highs, but...

TheAge, 09:12 in Business
 

Jobs figures undercut Reserve's attempt to cool hot dollar

The currency surged half a cent to trade just over US102.4¢ late on Thursday, after Bureau of Statistics data showed the unemployment rate had fallen to 5.5 per cent. Trading at these levels the dollar is back to the value it held just before the...

 

Miners offer dividend promises as spending drops

The mining sector has traditionally taken a conservative approach to payouts, as companies preferred to plough spare cash into mines and projects. Yet with investors calling for spending restraint and better returns, miners could surprise with share...

 

Fannie Mae to pay $59 billion back to US Treasury

The report from Fannie Mae, which recorded pretax income of $US8.1 billion, came just a day after its smaller rival and fellow state ward Freddie Mac said it would be making a $US7 billion dividend payment to the government. The latest payments from...

 

S&P 500 slips, snaps five-day streak of record closes

The Dow also broke its two-day string of all-time closing highs, but still ended above 15,000. The length of the recent rally has surprised many investors. Analysts said it's difficult for the upward momentum to continue without further catalysts,...

 

The gentle art of seduction: an Aussie goes Valley part 2

Building a global product is something nearly every Australian start-up dreams about. There’s an illusion that technology companies can just flick the switch to ‘turn on’ a new market. The reality (for us at least) is different. It requires hard work....

 

Jobs figures undercut Reserve's attempt to cool hot dollar

The currency surged half a cent to trade just over US102.4¢ late on Thursday, after Bureau of Statistics data showed the unemployment rate had fallen to 5.5 per cent. Trading at these levels the dollar is back to the value it held just before the...

 
NAB may now pass on full cuts

NAB may now pass on full cuts

Cameron Clyne presides over a strong Australian operation, held back by British assets. Photo: Michele Mossop National Australia Bank chief executive Cameron Clyne concedes it will be difficult to hold back part of any future interest rate cuts from...

TheAge, 09:19 in Business
 

Miners offer dividend promises as spending drops

The mining sector has traditionally taken a conservative approach to payouts, as companies preferred to plough spare cash into mines and projects. Yet with investors calling for spending restraint and better returns, miners could surprise with share...

 

Fannie Mae to pay $59 billion back to US Treasury

The report from Fannie Mae, which recorded pretax income of $US8.1 billion, came just a day after its smaller rival and fellow state ward Freddie Mac said it would be making a $US7 billion dividend payment to the government. The latest payments from...

 

S&P 500 slips, snaps five-day streak of record closes

The Dow also broke its two-day string of all-time closing highs, but still ended above 15,000. The length of the recent rally has surprised many investors. Analysts said it's difficult for the upward momentum to continue without further catalysts,...

 
Infrastructure boost considered critical to Cape tourism

Infrastructure boost considered critical to Cape tourism

Tourism Cape York says a lack of infrastructure is hampering efforts to turn the far north Queensland region into a better holiday destination.The organisation was set up late last year and so far has 66 members. CEO Trish Butler says challenges...

ABC News, 09:20 in Business
 
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