Business

Friday, May 24th, 2013

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Ord sugar deal closer

State Govt on verge of announcing next step in deal that clears way for Chinese investment in Kimberley.

Farm group criticises aid criteria

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Maccas faces its critics

McDonald's has again faced criticism that it is a purveyor of junk food that markets to children.

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iiNet defends its valuation

CFO David Buckingham defends ISP's lofty valuation after shares in the company plunged yesterday.

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UN sees weak recovery

World economy should begin weak recovery this year but the United Nations says Japan faces 'risks'.

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Quotas 'breed resentment'

Rio Tinto's Joanne Farrell says positive discrimination could have negative consequences. 02:30 am

Ford exit fuels wider worries

Fears are mounting that the national economy is fracturing after car maker's decision. 05:48 am

Related:: 'We will help workers'; Govt defends support

Muja station hangs in balance

Energy Minister Mike Nahan warns Government may pull the plug on costly exercise. 06:15 am

Engineering firm axes 150 jobs

Golder Associates shed jobs in another sign of downturn affecting local resources industry. 07:31 am

ASX falls further mid-session

Local bourse deeply in the red on second consecutive day of broad-based selling. 11:09 am

WA Business

OTOC jumps on Nauru contract

OTOC shares have soared against the weight of a downward market when it confirmed a $29 million deal to build housing for asylum seekers on Nauru. May 24, 2013, 7:32 am

Engineering firm axes 150 jobs May 24, 2013, 7:31 am
Farm group criticises aid criteria May 24, 2013, 7:30 am
Hedland crusher on scrapheap May 24, 2013, 7:28 am
iiNet defends its valuation May 24, 2013, 7:26 am

National

Market falls further mid-session

The Australian stock market is sharply weaker again today, with all bar the gold sector trading lower on a day of broad-based selling. 28 minutes ago

CFMEU Vic blockades in contempt of court 8 minutes ago
Retailers call on govt to lift game 33 minutes ago
Aust stocks lower at noon 1 hour, 3 minutes ago
AACo posts $46.5m loss 1 hour, 5 minutes ago

World

Nikkei recoups some of Thursday's 7.3 percent dive, bull run seen intact

By Dominic Lau TOKYO (Reuters) - The Nikkei share average regained ground on Friday after a 7.3-percent dive in the previous session, which… 26 minutes ago

EADS offers $2.0 bln sweetener for S.Korea jet deal 56 minutes ago
Venezuela, Russia in joint oil venture 1 hour, 41 minutes ago
Goldman unveils checks on conflicts in bid to fix image May 24, 2013, 7:19 am
Tesoro expected to take over BP Los Angeles refinery May 24, 2013, 6:54 am

Technology

Google, Facebook in talks to buy Waze for $1bn

Google is considering buying Israeli mobile satellite navigation start-up Waze for $1bn, which may lead to a bidding war with Facebook. May 24, 2013, 9:08 am