US newspaper ad revenue down nearly 28%
US newspaper advertising revenue fell by nearly 28 per cent in the third quarter, continuing a slide which has led to layoffs, bankruptcies and the closure of several dailies.Print and online...
AAP -
Saturday November 21, 2009, 7:53 am
Ohio files suit against rating agencies
Ohio has filed a suit against global rating agencies, claiming they provided misleading information before the financial crisis that caused nearly $US500 million ($A544 million) in losses for state...
AAP -
Saturday November 21, 2009, 7:35 am
Crisis fallout still in first half: WEF
The impact of the global financial crisis is still in its "first half", but there is only a brief opportunity to bring tough reforms, the World Economic Forum has warned."It is still...
AAP -
Saturday November 21, 2009, 7:34 am
Rolls-Royce says Asia market picking up
Rolls-Royce says the market for its super-luxury cars is picking up dramatically across Asia as the effects of the global financial crisis recede."We're fast coming out of the financial...
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Saturday November 21, 2009, 7:09 am
VW to buy into Karmann, create new model
German carmaker Volkswagen says it will buy some assets of German contract car-builder Wilhelm Karmann to create a manufacturing subsidiary that will eventually build a new car model.Volkswagen says...
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Saturday November 21, 2009, 7:01 am
Seven banks face Moody's review
Moody's Investment Services Ltd review of $24 billion worth of hybrid securities extends to seven Australian banks and some subsidiaries, including $9.5 billion issued by Commonwealth Bank of...
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Friday November 20, 2009, 8:03 pm
Long One.Tel saga not quite over yet
Despite the extreme relief on Jodee Rich's face as he stood outside the NSW Supreme Court this week, the almost decade-long One.Tel saga may be anything but over.As the Australian Securities and...
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Friday November 20, 2009, 7:55 pm
Woodside on creditwatch on Pluto blowout
Woodside Petroleum Ltd's credit ratings are under pressure after the oil and gas producer said that costs at its Pluto LNG project had blown out by up to 10 per cent.Standard & Poor's Ratings...
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Friday November 20, 2009, 7:07 pm
Gunns to take over forestry asset rights
Woodchipper Gunns Ltd has agreed to take over as the responsible entity for some of the Great Southern forestry schemes.Gunns said on Friday it had signed a conditional agreement to become the...
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Friday November 20, 2009, 6:56 pm
Leighton targets solid jump in earnings
Construction giant Leighton Holdings Ltd is targeting a substantial jump in earnings over the next five years and says it is looking to expand geographically.Chief executive Wal King told a business...
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Friday November 20, 2009, 6:18 pm
Chinese bank may back $7.5b Qld project
Resourcehouse Ltd chairman Clive Palmer says a Chinese bank is interested in backing the company's proposed $7.5 billion coal mine and infrastructure development in central Queensland.Professor...
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Friday November 20, 2009, 5:56 pm
US unit of Macquarie Media gets reprieve
Lenders to Macquarie Media Group's American local newspaper business have agreed not to exercise their rights for breaches of loan covenants in exchange for a fee and a higher interest...
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Friday November 20, 2009, 5:53 pm
Sims Metal to raise $475m to fund growth
Sims Metal Management Ltd has signalled it is on the lookout for buying opportunities after announcing a $475 million capital raising to fund its growth strategy.The global metal and electronics...
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Friday November 20, 2009, 5:23 pm
JP Morgan to buy ANZ custodian business
ANZ Banking Group Ltd will sell its custodian services business to US Banking giant JP Morgan as the Australian lender moves to focus on its core markets in the Asia Pacific region."Custodian...
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Friday November 20, 2009, 5:16 pm
Macquarie Radio targets 31% revenue hike
Macquarie Radio Network Ltd, which owns Sydney radio stations 2GB and 2CH, says its performance this year has been significantly better than 2008/09 and should lead to full-year earnings growth of 31...
AAP -
Friday November 20, 2009, 5:09 pm
