News archive from 14 March 2013

US stocks slip despite strong retail sales

US stocks have slipped in early trade despite a strong report on retail sales in February. Fifteen minutes into trade, the Dow Jones Industrial Average was down 24.91 points (0.17 per cent) to 14,425.15. The broad-based S&P 500 slipped 3.43 (0.22...

 

US retail sales surge 1.1pct in February

US retail sales have picked up sharply in February despite a payroll tax hike, driven largely by a surge in petrol prices, government data shows. Retail and food services sales rose 1.1 per cent from January, the Commerce Department reported, much...

 

Spain's Inditex posts record 2012 profit

THE world's biggest clothing group, Spain's Inditex which controls the Zara brand, has posted a record 2012 net profit as strong sales abroad, especially in Asia, and a global expansion offset belt-tightening by its domestic consumers. The company...

 

Unimpressed by his pizzas at 8

Punters - and the market - had been less than impressed when Meij unveiled a bunch of new toppings (peking duck, pork belly, blue cheese) and a price cut to $8 in an announcement he had earlier hyped as something that would ''revolutionise'' the pizza...

 

Clyne's brave new digital world

White smoke didn't issue from the chimney of the Vatican's Sistine Chapel, but Clyne did confirm senior management changes, and a continuing push onto digital platforms that is no less important for not being unique. The big four local banks are all...

 

Shrill response to media reforms

Sure, the changes were delivered via press release in a hamfisted manner with insufficient detail, but it is not the first time governments have engaged in poor communications and policy execution. The issue for News Ltd is that it appears to be the...

 
Conroy's rushed changes lose support

Conroy's rushed changes lose support

Southern Cross Media shares deflated on Wednesday as markets started discounting the chances of the government passing media reforms governing potential mergers and acquisitions. What was presumed to be an easy passage for abolishing the ''reach''...

 

Tinkler warned over failure to show

A spokesman for Mr Tinkler did not return calls on Wednesday but the former billionaire was due to fly in from Singapore to attend the court and face questions over a $28.4 million debt Mulsanne owed to listed coal explorer Blackwood Corporation,...

 

Unimpressed by his pizzas at 8

Punters - and the market - had been less than impressed when Meij unveiled a bunch of new toppings (peking duck, pork belly, blue cheese) and a price cut to $8 in an announcement he had earlier hyped as something that would ''revolutionise'' the pizza...

 

Clyne's brave new digital world

White smoke didn't issue from the chimney of the Vatican's Sistine Chapel, but Clyne did confirm senior management changes, and a continuing push onto digital platforms that is no less important for not being unique. The big four local banks are all...

 

NAB pledges to cut $800m costs

After spending the past four years focused on rebuilding the bank's battered reputation and restoring its financial position, Mr Clyne on Wednesday vowed to rein in expenses and simplify its range of products. In response to rapid growth in online...

 

Shrill response to media reforms

Sure, the changes were delivered via press release in a hamfisted manner with insufficient detail, but it is not the first time governments have engaged in poor communications and policy execution. The issue for News Ltd is that it appears to be the...

 

Big gas users warned of soaring price

AGL has begun notifying its commercial and industrial users that gas prices will rise to $9 a gigajoule from 2016, up from $6 in 2014. For 2015, the price will be $7.63 a gigajoule. Also, the cost of supplying the gas will rise 20 per cent over the...

 

Third recession set to smash Britain

The economy shrank 0.1 per cent in the three months to February, the National Institute of Economic and Social Research estimated. That followed a 0.3 per cent decline in the final quarter of last year. If the economy continues to contract for the...

 
Conroy's rushed changes lose support

Conroy's rushed changes lose support

Southern Cross Media shares deflated on Wednesday as markets started discounting the chances of the government passing media reforms governing potential mergers and acquisitions. What was presumed to be an easy passage for abolishing the ''reach''...

 
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