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Monday, 25 November
Westrac announces new CEO Jarvas Croome
Mon Nov 25 17:25:17 EST 2013 SEVEN Group has appointed Woodside executive Jarvas Croome as new Westrac WA chief executive as it cuts 1000 jobs
Aurizon and GVK Hancock agree on rail
Mon Nov 25 16:59:14 EST 2013 AURIZON and GVK Hancock agree on a rail solution for the Galilee Basin, as part of a $6 billion plan.
BHP cancels mine opening as airport closes
Mon Nov 25 16:51:13 EST 2013 BHP Billiton cancels the opening of its Jimblebar iron ore mine in the Pilbara region of Western Australia due to the "sticky" closure of Newman Airport
NZX 50 Index eases in mixed trading
Mon Nov 25 16:46:11 EST 2013 SKY Network Television led decliners on the NZX 50 Index, while Kathmandu led a bounce by some consumer companies.
Conditional lift in Saputo offer for WCB
Mon Nov 25 16:34:18 EST 2013 SAPUTO will lift its offer price for Warrnambool Cheese and Butter if it attains a stake of more than 50 per cent.
Stocks to watch at close on Monday
Mon Nov 25 16:30:00 EST 2013 STOCKS of interest on the Australian Securities Exchange at close on Monday
Saputo boss says WCB is a perfect platform
Mon Nov 25 16:22:55 EST 2013 CANADIAN dairy giant Saputo has described takeover target Warrnambool Cheese as a perfect platform and Saputo as a white knight.
BHP to replace two shiploaders
Mon Nov 25 16:12:20 EST 2013 MINING giant BHP Billiton will replace two iron ore shiploaders at Port Hedland, costing more than $300 million as it creates additional port capacity
ANZ lifts business customer satisfaction
Mon Nov 25 15:48:14 EST 2013 ANZ has improved its satisfaction rating among business customers while National Australia Bank remains at the bottom of the big four pack.
Male CEOs campaign for equality on boards
Mon Nov 25 15:36:21 EST 2013 AURIZON CEO Lance Hockridge, a member of a new group campaigning for corporate equality, has hailed the benefits of gender diversity.
Thorn Group CEO announces retirement
Mon Nov 25 14:31:13 EST 2013 THE CEO of financial services firm Thorn Group, John Hughes, will retire in six months to spend more time with his family.
Aussie wages $NZ211 higher, Labour says
Mon Nov 25 13:18:16 EST 2013 LABOUR says the wage gap between Australia and New Zealand has increased by $NZ90 since National came to power in 2008 and stands at a record $NZ211.51.
Profit drop for testing group ALS
Mon Nov 25 13:08:15 EST 2013 ANALYTICAL testing company ALS says weaker commodities markets have impacted its business and contributed to a 28 per cent fall in first half profit.
Majority of Aussies against GrainCorp sale
Mon Nov 25 12:58:09 EST 2013 A SLIM majority of Australians want Treasurer Joe Hockey to block US food giant Archer Daniels Midland from buying GrainCorp.
Infratil sells airport for STG1
Mon Nov 25 11:09:44 EST 2013 WELLINGTON-BASED infrastructure investor Infratil has sold loss-making Glasgow Prestwick Airport to the Scottish government for STG1.
Copper and aluminium rise
Mon Nov 25 07:52:19 EST 2013 COPPER and aluminium both close 1.1 per cent higher on the LME as upbeat US and European data boost demand hopes.
Gold ends the day flat
Mon Nov 25 07:52:14 EST 2013 GOLD futures close the day's trade flat, up just 50 US cents, as continued talk of Federal Reserve stimulus tapering weighs on the metal.
NZ dollar continues fall
Mon Nov 25 07:12:14 EST 2013 BETTER than expected German business sentiment helps the euro gain appeal among investors sending the NZ dollar lower against the currency.
Sunday, 24 November
Obama seeks to shift focus to progress
Sun Nov 24 18:10:44 EST 2013 IN his weekly radio and internet address, US President Barack Obama is seeking to shift the focus away from negative headlines and back onto the economy.
Boeing advises about engine icing problems
Sun Nov 24 12:54:38 EST 2013 BOEING is recommending that planes with a specific General Electric engine avoid flying near thunderstorms that might contain ice crystals.
VW unveils five-year investment plan
Sun Nov 24 04:31:22 EST 2013 VOLKSWAGEN says it plans to invest $A124.02 billion during the next five years in a bid to overtake Toyota and GM as the leading motor vehicle maker by 2018.
Saturday, 23 November
US tightens crash test advertising rules
Sat Nov 23 14:15:16 EST 2013 TESLA'S safety claim higher than five stars causes the US motoring watchdog to tighten advertising guidelines.
Sinosteel look to revive WA mining project
Sat Nov 23 12:08:12 EST 2013 A CHINESE metal giant says it will meet with investors to try and get WA's stalled Oakajee mining project back on track.
Friday, 22 November
WCB suitor fighting with one hand tied
Fri Nov 22 23:18:24 EST 2013 MURRAY Goulburn says it is being forced to fight with one hand behind its back in its bid for Warrnambool Cheese and Butter
Kiwi heads for 1.6 per cent weekly drop
Fri Nov 22 15:59:45 EST 2013 INVESTORS are second-guessing when the Fed will start dialling back its asset purchase programme, with the kiwi dollar dropping against the greenback.
DJs cops first strike on bosses' pay
Fri Nov 22 14:01:01 EST 2013 RETAILER David Jones has copped flak over its executive pay and the purchase of shares by two directors.
$A destined to go lower, soon
Fri Nov 22 12:46:35 EST 2013 THE Australian dollar is set to fall and stay below 90 US cents after the US Federal Reserve said it would taper its stimulus program in the coming months.
AV Jennings sees housing market recovery
Fri Nov 22 11:38:19 EST 2013 HOUSE and land packages group AV Jennings says a recovery in consumer confidence is starting to be felt in the building sector.
Milk prices hit Goodman Fielder earnings
Fri Nov 22 11:34:35 EST 2013 A 40 per cent hike in the farmgate milk price this financial year means Goodman Fielder's earnings may be reduced by up to $10 million.
DJs chairman defends his board
Fri Nov 22 10:44:16 EST 2013 DAVID Jones chairman Peter Mason says the recent purchase of shares in the company by two board members has been referred to the corporate watchdog.
Gold hits four month low
Fri Nov 22 07:41:19 EST 2013 GOLD futures have continued to fall as positive US economic data fuels expectations stimulus measures will soon be wound back.
Stocks to watch on Friday
Fri Nov 22 07:41:16 EST 2013 STOCKS of interest on the Australian Securities Exchange on Friday
US manufacturing data lifts metal prices
Fri Nov 22 07:27:18 EST 2013 LME base metals had a mixed day of trade, but most gained ground due to an increase in US factory activity.
Greece predicts return to growth in 2014
Fri Nov 22 00:17:24 EST 2013 GREECE says its 2014 budget projects economic growth of 0.6 per cent next year.
RBA not ruling out intervention on $A
Fri Nov 22 00:17:01 EST 2013 THE Reserve Bank is keeping an open mind when it comes to intervening to bring the Australian dollar lower, governor Glenn Stevens says.
Thursday, 21 November
Wal King re-elected to Ausdrill board
Thu Nov 21 21:29:18 EST 2013 FORMER Leighton CEO Wal King, who is implicated in allegations of corruption at the company, has been re-elected to the board of Ausdrill.
Seatbelts to be law in large US buses
Thu Nov 21 19:40:37 EST 2013 SEATBELTS must soon be equipped in intercity buses in the US, where 21 bus passengers die each year in crashes.
Hydrogen cars could be headed to showroom
Thu Nov 21 19:40:18 EST 2013 FORGET electric cars - hydrogen-fuel cars might be the global automotive industry's next big hope for pollution-free driving.
China to drive BHP's production growth
Thu Nov 21 18:21:52 EST 2013 MINING giant BHP plans to increase its production in the next two years, as China is expected to continue to drive demand.
Explorer says uranium project unviable
Thu Nov 21 15:20:25 EST 2013 MINERALS exploration company Marathon Resources says the development of large uranium projects has become unviable because of low ore prices.
Pfizer to close Puerto Rico plant
Thu Nov 21 12:44:21 EST 2013 GIANT drug maker Pfizer will close one of its three Puerto Rico manufacturing plants, citing the loss of patent exclusivity and improved efficiency.
Premier Investments wants GST change
Thu Nov 21 12:25:20 EST 2013 PREMIER Investments, the retailer behind Just Jeans, has joined Myer in asking the Abbott government to tighten the GST-free threshold for online goods.
Fonterra: we have work to improve water
Thu Nov 21 11:11:46 EST 2013 DAIRYING giant Fonterra has welcomed a report on waterway pollution, saying it has a role to play to improve water quality.
Inquiry into UK's scandal-hit Co-op Bank
Thu Nov 21 11:08:25 EST 2013 BRITISH PM David Cameron says an independent inquiry will answer the many questions over the appointment of the chairman of the scandal-hit Co-op Bank.
AOFM sells $1b of Treasury notes
Thu Nov 21 10:57:23 EST 2013 THE Australian Office of Financial Management has sold $1 billion of Treasury notes in two tranches.
Gillard minister joins super-linked board
Thu Nov 21 10:52:51 EST 2013 GREG Combet, a senior minister in the Gillard government, is joining the board of investment fund manager IFM Investors.
Ryman's profits up, Melbourne sales surge
Thu Nov 21 08:38:58 EST 2013 RETIREMENT village operator Ryman Healthcare has reported a record six-month profit of $58.5m as says its Melbourne venture is exceeding expectations.
Stocks to watch on Thursday
Thu Nov 21 08:38:56 EST 2013 STOCKS of interest on the Australian Securities Exchange on Thursday
Gold falls after Fed minutes
Thu Nov 21 07:55:15 EST 2013 GOLD futures fell more than one per cent after the Federal Open Market Committee meeting minutes indicated stimulus tapering could start soon.
Copper lifts as base metals close mixed
Thu Nov 21 07:45:29 EST 2013 LME base metals close mixed with copper rising 0.4 per cent but aluminium falls 0.7 per cent ahead of the FOMC meeting minutes.
Lloyds boss to pick up $3.4m bonus
Thu Nov 21 07:45:20 EST 2013 LLOYDS Banking Group boss Antonio Horta-Osorio has received a bonus of more than $3m following a strong share price performance.
Kiwi slides as Europe eyes negative rates
Thu Nov 21 07:28:25 EST 2013 THE NZ dollar has fallen more than half a US cent after reports indicated Europe is considering negative interest rates.
J.C. Penney's 3Q loss widens
Thu Nov 21 07:28:21 EST 2013 DEPARTMENT store chain J.C. Penney's third quarter loss has widened, but there are signs that the business is starting to stabilise.
Kiwi slides as Europe eyes negative rates
Thu Nov 21 07:28:16 EST 2013 THE NZ dollar has fallen more than half a US cent after reports indicated Europe is considering negative interest rates.
US existing home sales fall in October
Thu Nov 21 03:57:13 EST 2013 US home re-sales fell 3.2 per cent last month from September to a seasonally adjusted annual pace of 5.12 million.
Deere profit beats US estimates
Thu Nov 21 01:11:18 EST 2013 DEERE & Co's fourth quarter profits are up but it is predicting a slowdown in the farm economy and smaller profits for next year.
BoE minutes show unanimity on policy
Thu Nov 21 01:11:14 EST 2013 BANK of England policymakers have voiced "uncertainties" over the durability of the economic recovery and will keep monetary policy on hold.
Wednesday, 20 November
Beer market a no-brainer for Coke boss
Wed Nov 20 21:31:35 EST 2013 COCA-COLA Amatil boss Terry Davis says there is a rich opportunity for a third player in Australia's duopoly beer market.
US taper is good news for $A, RBA official
Wed Nov 20 19:57:39 EST 2013 TAPERING of US economic stimulus will be good news when it eventually occurs, says RBA assistant governor Guy Debelle.
Jury to decide how much Samsung owes Apple
Wed Nov 20 19:02:44 EST 2013 A US jury is deciding how much Samsung should pay Apple for copying key features of the iPhone and iPad.
Stock Quotes
Market Charts at 07:50PM
| Switch to Chart | Points | Change | Percent |
|---|---|---|---|
| Hang Seng | 23721.29 | +25.01 | +0.11 |
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| ASX200 | 5352.8 | +16.9 | +0.32 |
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| All Ords | 5346.1 | +15.8 | +0.3 |
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| Nikkei | 15619.13 | +237.41 | +1.54 |
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| Switch to Chart | Points | Change | Percent |
|---|---|---|---|
| DJIA | 0.0 | 0.0 | � |
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| S&P; 500 | 1681.5501 | -10.2 | -0.6 |
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| S&P; 100 | 575.64 | -10.07 | -1.72 |
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| NASDAQ | 3991.65 | +22.49 | +0.57 |
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| Switch to Chart | Points | Change | Percent |
|---|---|---|---|
| CAC 40 | 4278.53 | +24.63 | +0.58 |
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| DAX 30 | 9219.04 | +22.96 | +0.25 |
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| FTSE | 6674.3 | -7.03 | -0.11 |
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| Euro Top100 | 2635.22 | +0.82 | +0.03 |
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| Switch to Chart | Points | Change | Percent |
|---|---|---|---|
| AUD/USD | 0.932 | +0.0 | +0.2 |
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| Switch to Chart | Points | Change | Percent |
|---|---|---|---|
| Oil | 94.84 | -0.6 | -0.63 |
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