News archive from 22 May 2013

GlaxoSmithKline axes 120 jobs at tablet plant

GlaxoSmithKline axes 120 jobs at tablet plant

Pharmaceutical giant GlaxoSmithKline is axing 120 jobs from its Australian workforce after announcing plans to shut its tablet packaging business in Melbourne as part of a "business transformation". The British firm said the job losses at...

 
US market rises on Fed comments

US market rises on Fed comments

Wall Street rose on hopes the Federal Reserve will continue to pump cash into the US economy and some good company news also buoyed the mood.The Dow Jones Industrial Average added 0.3 per cent to 15,388. The S&P 500 added 0.2 per cent to 1,669,...

ABC News, 09:01 in Business
 

GlaxoSmithKline axes 120 jobs at tablet plant

GlaxoSmithKline is shedding jobs at a tablet packaging plant. Photo: Michel OSullivan Pharmaceutical giant GlaxoSmithKline is axing 120 jobs from its Australian workforce after announcing plans to shut its tablet packaging business in Melbourne as...

 

$3b blown away in tornado, but QBE may be safe

A Oklahoma man salvages his belongings. Photo: Reuters The catastrophic Oklahoma City tornado could leave a damage bill of up to $US3 billion, raising the prospect of another wave of claims for insurance companies. But locally listed QBE, which makes...

 

$3b blown away in tornado, but QBE may be safe

A Oklahoma man salvages his belongings. Photo: Reuters The catastrophic Oklahoma City tornado could leave a damage bill of up to $US3 billion, raising the prospect of another wave of claims for insurance companies. But locally listed QBE, which makes...

TheAge, 09:18 in Business
 

Myer posts modest but continued sales growth

The department store chain said comparable store sales rose 0.4 per cent from last year, the fourth consecutive quarter of positive growth. The best performing departments were menswear, cosmetics, womenswear and childrenswear, with Victoria,...

 
GlaxoSmithKline axes 120 jobs at tablet plant

GlaxoSmithKline axes 120 jobs at tablet plant

Pharmaceutical giant GlaxoSmithKline is axing 120 jobs from its Australian workforce after announcing plans to shut its tablet packaging business in Melbourne as part of a "business transformation". The British firm said the job losses at...

 

Long term planning

We have combined superanuation of about $300,000 invested mostly in equities, and $200,000 of additional savings outside super, about 70% of which is in equities and the balance in cash. I work full time and earn around $250,000, and my wife works...

 

Investing short term

I will be taking two months unpaid leave later in the year to study. Once I have my next qualification, in about two years time I can expect a pay rise of approximately 20%. I would like to purchase a property when I have approximately $200,000 in...

 
KKR offloads $260 million Seven stake

KKR offloads $260 million Seven stake

US private equity heavyweight Kohlberg Kravis Roberts late Tuesday offloaded its remaining $260 million stake in television to newspaper interest Seven West Media, bringing to an end its 6½-year involvement in Australia's media sector. The sale of the...

 
$3b blown away in tornado, but QBE may be safe

$3b blown away in tornado, but QBE may be safe

The catastrophic Oklahoma City tornado could leave a damage bill of up to $US3 billion, raising the prospect of another wave of claims for insurance companies. But locally listed QBE, which makes about a third of its profits in the United States,...

 

Myer posts modest but continued sales growth

The department store chain said comparable store sales rose 0.4 per cent from last year, the fourth consecutive quarter of positive growth. The best performing departments were menswear, cosmetics, womenswear and childrenswear, with Victoria,...

 
GlaxoSmithKline axes 120 jobs at tablet plant

GlaxoSmithKline axes 120 jobs at tablet plant

Pharmaceutical giant GlaxoSmithKline is axing 120 jobs from its Australian workforce after announcing plans to shut its tablet packaging business in Melbourne as part of a "business transformation". The British firm said the job losses at...

 

Long term planning

We have combined superanuation of about $300,000 invested mostly in equities, and $200,000 of additional savings outside super, about 70% of which is in equities and the balance in cash. I work full time and earn around $250,000, and my wife works...

 

Investing short term

I will be taking two months unpaid leave later in the year to study. Once I have my next qualification, in about two years time I can expect a pay rise of approximately 20%. I would like to purchase a property when I have approximately $200,000 in...

 
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