News archive from 21 May 2013

War is over, Leighton's boss declares

War is over, Leighton's boss declares

New Leighton Holdings chairman Bob Humphris has moved to dispel fears that its directors remain at war with its German parent Hochtief, insisting the relationship was ''collegiate'' despite the abrupt resignation of three fellow directors two months...

TheAge, 09:02 in Business
 

War is over, Leighton's boss declares

On board: Hochtief CEO Marcelino Fernandez Verdes. Photo: Dom Lorrimer New Leighton Holdings chairman Bob Humphris has moved to dispel fears that its directors remain at war with its German parent Hochtief, insisting the relationship was...

 

Tame start as investors await Bernanke

Join the Markets Live blog from 9.30am Australian shares are set for a flat start after Wall Street eased on concerns about the Federal Reserve's stimulus plans but European shares gained strongly, with London's FTSE100 hitting a 13-year high. On the...

 

Transfield slashes profit outlook, cuts jobs

The company now expects to post a net profit before amortisation charges and write-offs of $62-65 million, substantially less than the $85-90 million figure flagged earlier. The company also announced it would shed 113 jobs. Transfield blamed the...

 

GPT poised for shopping spree on $397m mall sale

BusinessDay undestands the centre was sold to the National Pension Service of Korea at a 1 per cent premium. The Lend Lease-managed unlisted Australian Prime Property Fund Retail owns the remaining 50 per cent of the centre. GPT has been steadily...

 

Tame start as investors await Bernanke

Join the Markets Live blog from 9.30am Australian shares are set for a flat start after Wall Street eased on concerns about the Federal Reserve's stimulus plans but European shares gained strongly, with London's FTSE100 hitting a 13-year high. On the...

 

Tame start as investors await Bernanke

Join the Markets Live blog from 9.30am Australian shares are set for a flat start after Wall Street eased on concerns about the Federal Reserve's stimulus plans but European shares gained strongly, with London's FTSE100 hitting a 13-year high. On the...

TheAge, 09:14 in Business
 
Apple CEO to testify on tax avoidance

Apple CEO to testify on tax avoidance

Google boss defends British tax affairs Even as Apple became the nation's most profitable technology company, it avoided billions in taxes in the United States and around the world through a web of subsidiaries so complex it spanned continents and...

 

Apple CEO to testify on tax avoidance

A congressional investigation found Apple used loopholes in the US' corporate tax system to push $US74 billion out of reach of the Internal Revenue Service (IRS) between 2009 and 2012. Photo: AFP Google boss defends British tax affairs Even as Apple...

TheAge, 09:14 in Business
 

Apple CEO to testify on tax avoidance

A congressional investigation found Apple used loopholes in the US' corporate tax system to push $US74 billion out of reach of the Internal Revenue Service (IRS) between 2009 and 2012. Photo: AFP Google boss defends British tax affairs Even as Apple...

 
US dollar, shares ease on ratings concerns

US dollar, shares ease on ratings concerns

The Australian dollar was back in favour overnight after the US government was warned it will be downgraded again unless it deals with its debts.Moody's issued a note saying US policy makers risk seeing the country's rating being cut from Aaa to Aa1....

ABC News, 09:23 in Business
 

Transfield slashes profit outlook, cuts jobs

The company now expects to post a net profit before amortisation charges and write-offs of $62-65 million, substantially less than the $85-90 million figure flagged earlier. The company also announced it would shed 113 jobs. Transfield blamed the...

 

GPT poised for shopping spree on $397m mall sale

BusinessDay undestands the centre was sold to the National Pension Service of Korea at a 1 per cent premium. The Lend Lease-managed unlisted Australian Prime Property Fund Retail owns the remaining 50 per cent of the centre. GPT has been steadily...

 

Transfield slashes profit outlook, cuts jobs

The company now expects to post a net profit before amortisation charges and write-offs of $62-65 million, substantially less than the $85-90 million figure flagged earlier. The company also announced it would shed 113 jobs. Transfield blamed the...

 

GPT poised for shopping spree on $397m mall sale

BusinessDay undestands the centre was sold to the National Pension Service of Korea at a 1 per cent premium. The Lend Lease-managed unlisted Australian Prime Property Fund Retail owns the remaining 50 per cent of the centre. GPT has been steadily...

 
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