News archive from 21 October 2013

I was a lame duck, says former CEO Wal King

I was a lame duck, says former CEO Wal King

Speaking for the first time since Fairfax Media revealed allegations that he approved the bribing of Iraqi officials, Mr King challenged his successor as CEO, David Stewart, on why, having claimed to have been told of the bribe, Mr Stewart never...

 

JPMorgan set for record $13b settlement with US Justice Department

The JP Morgan settlement – the largest ever by a US company with the government – is expected to resolve civil claims against the bank, but will leave it open to criminal charges. Of the $US13 billion around $US9 billion is expected to cover fines or...

 
Famous British boots Dr Martens to be sold to private equity firm

Famous British boots Dr Martens to be sold to private equity firm

CLASSIC British boot brand Dr Martens is poised to be sold to private equity firm Permira for about STG300 million ($A506 million). The Griggs family, which owns the majority of the business, is in advanced talks about a deal that could be announced...

 
Queensland councils gather in Cairns for annual conference

Queensland councils gather in Cairns for annual conference

Financial sustainability, debts, and loss of council revenue will be high on the agenda at the Local Government Association of Queensland's (LGAQ) annual conference this week.LGAQ chief executive officer Greg Hallam says more than 630 delegates will...

ABC News, 10:20 in Business
 
I was a lame duck, says former CEO Wal King

I was a lame duck, says former CEO Wal King

Speaking for the first time since Fairfax Media revealed allegations that he approved the bribing of Iraqi officials, Mr King challenged his successor as CEO, David Stewart, on why, having claimed to have been told of the bribe, Mr Stewart never...

 

JPMorgan set for record $13b settlement with US Justice Department

The JP Morgan settlement – the largest ever by a US company with the government – is expected to resolve civil claims against the bank, but will leave it open to criminal charges. Of the $US13 billion around $US9 billion is expected to cover fines or...

 
Markets Live: ASX in strong opening

Markets Live: ASX in strong opening

10:11am: The market has opened higher, with the benchmark S&P/ASX200 adding 30.7 points, or 0.6 per cent, to 5352.2. The broader All Ords is up 38.8 points, or 0.6 per cent, to 5351.8. Upvotes:0 Downvotes:0 Copy Link 10:07am: Spending fell for the...

 

Markets Live: ASX in strong opening

10:11am: The market has opened higher, with the benchmark S&P/ASX200 adding 30.7 points, or 0.6 per cent, to 5352.2. The broader All Ords is up 38.8 points, or 0.6 per cent, to 5351.8. Upvotes:0 Downvotes:0 Copy Link 10:07am: Spending fell for the...

TheAge, 10:22 in Business
 

Markets Live: ASX in strong opening

10:11am: The market has opened higher, with the benchmark S&P/ASX200 adding 30.7 points, or 0.6 per cent, to 5352.2. The broader All Ords is up 38.8 points, or 0.6 per cent, to 5351.8. Upvotes:0 Downvotes:0 Copy Link 10:07am: Spending fell for the...

 
I was a lame duck, says former CEO Wal King

I was a lame duck, says former CEO Wal King

Speaking for the first time since Fairfax Media revealed allegations that he approved the bribing of Iraqi officials, Mr King challenged his successor as CEO, David Stewart, on why, having claimed to have been told of the bribe, Mr Stewart never...

 

JPMorgan set for record $13b settlement with US Justice Department

The JP Morgan settlement – the largest ever by a US company with the government – is expected to resolve civil claims against the bank, but will leave it open to criminal charges. Of the $US13 billion around $US9 billion is expected to cover fines or...

 
Markets Live: ASX at five-year high

Markets Live: ASX at five-year high

10:26am: The ASX is up, up and away - hitting a new five-year high in early trade this morning. The benchmark S&P/ASX200 hit a peak of 5363.0 this moirning, its highest mark since June 2008. Upvotes:0 Downvotes:0 Copy Link 10:20am: Australia's...

 

Markets Live: ASX at five-year high

10:26am: The ASX is up, up and away - hitting a new five-year high in early trade this morning. The benchmark S&P/ASX200 hit a peak of 5363.0 this moirning, its highest mark since June 2008. Upvotes:0 Downvotes:0 Copy Link 10:20am: Australia's...

 

Markets Live: ASX at five-year high

10:33am: The Australian dollar continues to hold strong, currently trading at 96.71 US cents after reaching a four-month high of 96.78 earlier in the session. FXCM currency strategist, Ilya Spivak, is bullish on the dollar but warns this week will...

TheAge, 10:39 in Business
 
Tax policies widen divide between home owners and renters: Grattan Institute

Tax policies widen divide between home owners and renters: Grattan Institute

Government policies and tax arrangements that favour homeowners and property investors are increasing the divide between renters and people who own their homes, a new report has found. The Renovating Housing Policy report by the Grattan Institute...

ABC News, 10:48 in Business
 
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