Australian and World News
SMH. Business.
open new window Child-care chain joins ABC on life support
A CHILD-CARE operator with 36 centres in Sydney and country NSW followed ABC Learning into the arms of corporate paramedics last night.11/18/2008 06:00 AM
open new window We've developed a tax complex
A certain young teacher, well known to me since the day I watched him being born, is about to go teaching in England, putting a tenant into his house while he's away. You must see an accountant, I told him, to his dismay. I'm meant to know a fair bit about such matters, but I knew only enough to know that I didn't know enough to advise him myself.11/18/2008 06:00 AM
open new window Millionaires factory keeps smiling minus the bonuses
A $1 BILLION cut in the bonus pool split by Macquarie Group's 13,800 staff, including the controversial multimillion-dollar rewards received by its senior executives, helped the investment bank deliver a better-than-expected half-year profit, it emerged yesterday.11/18/2008 06:00 AM
open new window Big Mac handles a profit stumble
The new head of Macquarie Group, Nicholas Moore, had to convince shareholders yesterday of two things - first, that the institution was financially strong; second, that in the current financial environment the company's financial model could still produce solid, quality earnings.11/18/2008 06:00 AM
open new window Citi staff caught in jobs whirlwind
AUSTRALIAN staff at Citigroup are the latest to bear the brunt of sackings in the banking sector, in a sign of the mounting toll of the global financial crisis.11/18/2008 06:00 AM
open new window CFK Childcare shares ABC woe
CFK Childcare Centres has become the latest loss-making company in the sector to fall into the hands of administrators, succumbing last night to the same problems that beset ABC Learning Centres.11/18/2008 06:00 AM
open new window Nasty surprise is a sight for sore eyes
IF EVER there was a sign of how much the world has changed this year, it was the market's collective sigh of relief at Macquarie Group's half year result - and especially the news that there were no nasty surprises.11/18/2008 06:00 AM
open new window More writedowns loom for resilient Macquarie Group
The caveat that crawls like a corrosive worm through Macquarie Group's accounts is asset valuations - on Macquarie's co-investments in the family of funds it created and on the external debt and equity exposure the group holds.11/18/2008 06:00 AM
open new window Thirsty Lion keeps after its elusive soft-drink prey
LION NATHAN has vowed to press on with its $8 billion cash-and-scrip takeover bid for Coca-Cola Amatil, despite the Australian bottler and its largest shareholder, the Coca-Cola Company, rejecting the offer as containing a "number of material deficiencies".11/18/2008 06:00 AM
open new window Rio adviser leads the BHP gloomsayers
BHP BILLITON'S assertion that it will be able to maintain iron ore production despite a downturn in the demand for steelmaking materials has been challenged by Macquarie Equities.11/18/2008 06:00 AM
The Australian. Business
open new window RBA slashes interest rates to 5.25pc
THE Reserve Bank cut interest rates by 75 basis points today, reducing borrowing costs to the lowest level in more than five years.11/03/2008 08:55 PM
open new window Iron price fears pull stocks down 2pc
MINERS dragged down Australian shares this afternoon amid fears iron ore prices will fall sharply next year.11/03/2008 07:01 PM
open new window Oz credit markets out of deep freeze
KEY Australian credit markets today thawed to levels not seen since before the collapse of US investment bank Lehman Brothers.11/03/2008 05:09 PM
open new window Hardie plants hit by weak US housing
JAMES Hardie Industries has suspended production at two US plants due to further deterioration in the American housing market.11/03/2008 03:32 PM
open new window Vale will not drop iron ore price
BRAZILIAN mining giant Vale said it will not reduce the price of its iron ore to push sales volumes higher.11/03/2008 03:43 PM
open new window GM sales crash 45pc: Ford, Toyota dive
US auto sales deteriorated further in October as General Motors warned the industry was on track for its worst month in 25 years.11/03/2008 12:25 PM
open new window Oil prices drop on weak manufacturing
OIL prices fell sharply in New York on signs a widening economic slowdown may freeze growth in petroleum demand next year.11/03/2008 01:47 PM
open new window Eurozone officially in recession
THE eurozone economy was now in recession and would remain at a standstill for most of next year, the European Commission said.11/03/2008 12:55 PM
open new window Babcock sells half of NZ's Powerco
BABCOCK & Brown Infrastructure Group has sold 50 per cent of its stake in the New Zealand operations of its Powerco subsidiary.11/03/2008 03:50 PM
open new window Pepsi to invest $1.5bn in China
PEPSI will spend $1.5 billion in China over the next four years, its largest investment so far in one of its fastest-growing markets.11/03/2008 03:05 PM
Herald Sun. Business
open new window Nowhere but down
THE drumbeat of negative news sounded even louder yesterday with the stock market dropping to a fresh four-year low.11/18/2008 06:00 AM
open new window We're not perfect: Macquarie
LOWER tax charges and a sharp slide in staff costs have kept Macquarie Group trading in the black this year.11/18/2008 06:00 AM
open new window Turmoil takes out jobs
MORE people in the financial sector will be out of work before Christmas after Citigroup Inc revealed it would axe 52,000 jobs.11/18/2008 06:00 AM
open new window ABC woes get worse
MORGAN Stanley, one of ABC Learning Centres' most recent investment allies, has turned against the childcare giant.11/18/2008 06:00 AM
open new window Quitters hurt iron miner
MOUNT Gibson Iron says the iron ore market slump and contract defaults will have a material impact on its 2008-09 profitability.11/18/2008 06:00 AM
open new window BP Solar packs up energy plant
BP SOLAR has refused a bailout package and will shut down Australia's only photovoltaic energy cell plant in March.11/18/2008 06:00 AM
open new window Lion spruiks synergies
LION Nathan is upbeat that its $8 billion takeover offer for Coca-Cola Amatil will eventually reap rewards despite initially being knocked back as a low-ball bid.11/18/2008 06:00 AM
open new window Plea for another stimulus
THE Federal Government should be prepared to put the budget into deficit to save Australian businesses from financial.11/18/2008 06:00 AM
open new window Thorpedo's mortgage plunge
IAN Thorpe, Australia's greatest Olympian, has become a mortgage broker. Of sorts.11/18/2008 06:00 AM
open new window Relief as oil price slips
OIL prices are sliding towards $US50 a barrel, after hitting a 21-month low yesterday amid concerns the deepening financial crisis will curb demand.11/18/2008 06:00 AM
Courier Mail. Business.
open new window Citigroup staff face axe
MORE than 2000 Citigroup staff in Australia are waiting anxiously to see if they still have a job as the bank is slashing 52,000 jobs worldwide.11/18/2008 06:00 AM
open new window Macquarie Bank flies high
LOWER tax charges and a sharp slide in staff costs have kept Macquarie Group trading in the black this year despite a blow-out in charges.11/18/2008 06:05 AM
open new window Big Mac resilient despite hits
MACQUARIE Bank is a very special canary in our crazy, confused and fear-driven coalmine that is the global financial system in the dying days of 2008.11/18/2008 06:04 AM
open new window ABC job entitlements at risk
UPSET staff at ABC Learning have been left in tears as they raised fears about millions of dollars in long-term job entitlements.11/18/2008 06:00 AM
open new window Businesswoman of the Year
WORLD renowned child psychologist Dr Paula Barrett has been honoured with the 2008 Queensland Businesswoman of the Year award.11/18/2008 05:00 AM
open new window Market down 3.5%, $34b lost
THE Australian share market has closed 3.5 per cent down at fresh four-year lows, wiping $34 billion from the market following a weaker Wall Street.11/17/2008 10:46 PM
open new window ABC Learning owes $1.6 billion
THE administrator for ABC Learning Centres says the company has more than $1.6 billion in liabilities in Australia alone - the equivalent of $16,000 per child in care.11/17/2008 07:55 PM
open new window Wall St takes another hit
US stocks have fallen heavily after the G20 weekend economic summit failed to calm investor fears and global recession worries intensified.11/17/2008 02:35 PM
open new window 14-month US recession forecast
THE US economy probably went into recession in April in a downturn likely to last 14 months, according to a survey by the Philadelphia Federal Reserve.11/17/2008 02:04 PM
open new window Analysing the impulse factor
NICK Tasler's new book, The Impulse Factor, looks at why some people take risks and act against the norm, offering insight into our financial crisis.11/17/2008 06:00 AM
Copyright Kanna Das 2008 ...Feedback