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Stocks poised for gains
1pointsThe Australian stock market may rise at this morning's opening after Wall Street shrugged off worries about poor economic woes and a widening investment scandal likely to tally billions of dollars.
ABC - all that's wrong in the corporate world
1pointsIf there are any regrets from Eddy Groves about the workers in 55 ABC Learning child-care centres declared uneconomic by the receiver, he certainly isn't showing it.
Sony to cut 16,000 jobs as profits fall by 60%
1pointsMedia giant Sony will slash 8000 full-time jobs and pull back investments to save $US1.1 billion a year in an effort to shield itself from the global economic downturn.
Tribune Co. Files for Bankrupcty Protection
1pointsMedia giant Tribune Co., saddled with billions in debt since it became a privately held company last year, filed for Chapter 11 bankruptcy protection in a Delaware court this afternoon, becoming the first major newspaper to declare bankruptcy
Desirable deficit
1pointsLast week the RBA cut the overnight cash rate by a further 100 basis points to complete the most aggressive three-month rate cut cycle we have seen since the Bank started announcing target cash rate levels in 1990.
One reason we're about to get a budget deficit
1pointsTHE Prime Minister has stepped up his defence of a budget deficit as new figures suggest that Victoria is holding back the national economy.
Qantas aborts mainline services to offset slump
1pointsQANTAS is cutting flights to the US, Britain and at least one Asian destination. The flying kangaroo is moving to offset an expected 64 per cent slump in pre-tax profit amid falling international passenger demand.
Qantas aborts mainline services to offset slump
1pointsQANTAS is cutting flights to the US, Britain and at least one Asian destination. The flying kangaroo is moving to offset an expected 64 per cent slump in pre-tax profit amid falling international passenger demand.
Investors lose $850bn in bear market
1pointsTHE value of the Australian share market has halved after a year-long slide, wiping $850bn off its value, with more losses are expected today after another plunge on Wall Street.
BHP quick to begin mining uranium in WA
1pointsBHP Billiton has wasted no time announcing plans to mine uranium in WA after Premier Colin Barnett formally lifted a ban on Monday.
BHP quick to begin mining uranium in WA
1pointsBHP Billiton has wasted no time announcing plans to mine uranium in WA after Premier Colin Barnett formally lifted a ban on Monday.
John B. Fairfax takes a $300m hit on shares
1pointsA MOVE this year by John B.Fairfax to cement his influence over the company that bears his name has seen him take a hit of at least $300 million to his personal fortune.
Opposition not against ABC Learning bailout
1pointsFEDERAL Opposition Leader Malcolm Turnbull says he wants to know what plans the Rudd Government has for ABC Learning beyond its commitment to keep the troubled childcare giant's centres open until the end of the year.
News Corp Posts Disappointing Financial Results
1pointsThere's no escaping it: News Corp had a rough quarter. Rupert Murdoch thinks times will be tough for a while, too. But even as the media giant posted some bad numbers, it turned out that at least a couple of its online properties are working well.
Stokes, Gammell join WAN board
1pointsMedia mogul Kerry Stokes and his lieutenant Peter Gammell have been elected to the board of West Australian Newspaper Holdings, publisher of The West Australian and thewest.com.au, at the firm’s annual general meeting today.
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