News archive from 25 October 2013

Seeney unfazed by Arrow approval delay

Seeney unfazed by Arrow approval delay

Deputy Premier Jeff Seeney says he is not concerned by federal Environment Minister Greg Hunt's decision to hold off approving a fourth coal seam gas (CSG) export project in central Queensland.Mr Hunt was due to decide this week on Arrow Energy's...

ABC News, 10:03 in Business
 

Next shot fired in WCB bidding war

The WCB board unanimously recommended the revised offer to its investors this morning, ‘‘in absence of a superior proposal’’.  The new offer values WCB at $448.8 million. The “board takes comfort in Saputo’s assurances to suppliers and employees, as...

 

Next shot fired in WCB bidding war

The WCB board unanimously recommended the revised offer to its investors this morning, ‘‘in absence of a superior proposal’’.  The new offer values WCB at $448.8 million. The “board takes comfort in Saputo’s assurances to suppliers and employees, as...

 

Markets Live: ASX opens higher

10:12am: The benchmark S&P/ASX200 index was up 19.5 points, or 0.36 per cent, at 5,392.4, while the broader All Ordinaries index was up 18.7 points, or 0.35 per cent, at also 5,392.4. Upvotes:0 Downvotes:0 Copy Link 9:59am: Insurance Australia...

 

Next shot fired in WCB bidding war

The WCB board unanimously recommended the revised offer to its investors this morning, ‘‘in absence of a superior proposal’’.  The new offer values WCB at $448.8 million. The “board takes comfort in Saputo’s assurances to suppliers and employees, as...

 

Markets Live: ASX opens higher

10:12am: The benchmark S&P/ASX200 index was up 19.5 points, or 0.36 per cent, at 5,392.4, while the broader All Ordinaries index was up 18.7 points, or 0.35 per cent, at also 5,392.4. Upvotes:0 Downvotes:0 Copy Link 9:59am: Insurance Australia...

 

Markets Live: ASX opens higher

10:12am: The benchmark S&P/ASX200 index was up 19.5 points, or 0.36 per cent, at 5,392.4, while the broader All Ordinaries index was up 18.7 points, or 0.35 per cent, at also 5,392.4. Upvotes:0 Downvotes:0 Copy Link 9:59am: Insurance Australia...

TheAge, 10:21 in Business
 
Smithton abattoir workers picket over pay dispute

Smithton abattoir workers picket over pay dispute

About 60 workers are striking at Greenham's abattoir in Smithton in Tasmania's north west.The Meat Workers Union members are unhappy with the company's offer of a 2.5 per cent pay increase. They want a 4 per cent pay rise to reflect what they say is a...

ABC News, 10:28 in Business
 
Bundaberg Brewed Drinks wins export gongs

Bundaberg Brewed Drinks wins export gongs

A business in Bundaberg in southern Queensland has taken out two major export awards.Bundaberg Brewed Drinks was last night named the Premier's Exporter and Manufacturer of the Year during the annual awards night. Queensland Trade Minister Tim...

ABC News, 10:28 in Business
 
Abbot Point coal terminal expansion decision looms

Abbot Point coal terminal expansion decision looms

Federal Dawson MP George Christensen says he expects a decision on the Abbott Point coal terminal expansion at Bowen, in north Queensland, to be made within three weeks.The Federal Government was due to make a decision about the expansion by early...

ABC News, 10:28 in Business
 
IBM quietly slashing Australian jobs, offshoring work

IBM quietly slashing Australian jobs, offshoring work

Technology giant IBM has quietly slashed its Australian workforce, with anxious staff preparing for up to 1,000 more redundancies, the ABC understands.Several hundred Australian workers have been laid off this year, the ABC has learnt. Up to 1,000...

ABC News, 10:33 in Business
 
Twitter IPO documents value company at $11.3b, set November 7 as date for listing on stock exchange

Twitter IPO documents value company at $11.3b, set November 7 as date for listing on stock exchange

Twitter has revealed modest ambitions for its initial public offering, saying the float will raise up to $1.7 billion and value the company at up to $11.3 billion.The valuation was more conservative than the $15.6 billion that some analysts had...

ABC News, 10:59 in Business
 
Markets Live: AMP shares in sharp plunge

Markets Live: AMP shares in sharp plunge

11:00am: AMP shares have plunged over 5 per cent on the back of a profit warning. The company said this morning it expects fourth quarter cash earnings to fall by as much as $65 million after higher than expected policy lapses. In early trade, shares...

 
Meet Greg Glassman, the man behind the CrossFit machine

Meet Greg Glassman, the man behind the CrossFit machine

HAVEN'T heard of CrossFit? You must have been living under a rock. The fitness empire has exploded to become one of the biggest brands in the industry and gained a cult-like status among followers, renowned for its ridiculously tough workouts and...

 

Markets Live: AMP shares in sharp plunge

11:00am: AMP shares have plunged over 5 per cent on the back of a profit warning. The company said this morning it expects fourth quarter cash earnings to fall by as much as $65 million after higher than expected policy lapses. In early trade, shares...

 
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