Business

Wednesday, May 22nd, 2013

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Rinehart still the richest

WA mining magnate still tops BRW's rich list despite losing $7 billion in the past year.

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Tinkler's funds in focus

Nathan Tinkler's assets could be frozen after liquidators applied for a court injunction.

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Myer lifts sales slightly

Myer's quarterly sales grow 0.5pc on pcp, but retailer remains cautious going forward.

Consumer sentiment turns bearish

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GSK to axe 120 jobs

Pharmaceutical giant to axe 120 jobs as it closes tablet packaging business in Melbourne.

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Spud shake-up afoot

Growers to fund research and marketing campaign to add value to the humble potato.

Dairy farmers bearish

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King guilty over loan

Bankrupt property dealer Michael King was convicted of fraud yesterday.

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Coalition flags ATO shake-up

Joe Hockey says tax office may be split in bid to make the tax system fairer. 01:05 pm

Iluka higher on upbeat AGM

MD David Robb gives shareholders an upbeat address at mineral sands miner's AGM. 12:06 pm

Wyllie sells down Amcom holding

Wyllie Group nets $16.1m from sale of half its holding in Perth fibre company. 11:16 am

KKR exits Seven West Media

Shares in media company dip after US private equity giant sells its $264m holding. 07:32 am

ASX falls into red on weak sentiment

Negative consumer sentiment index sends market into bearish territory mid-session. 11:10 am

WA Business

iiNet sells TransACT to $9m

Internet service provider iiNet says it has sold its TransACT's fibre-to-the-premises business in the ACT to NBN Co for $9 million in cash with trailing… 23 minutes ago

Rinehart still tops rich list despite $7b loss 56 minutes ago
Iluka higher on upbeat AGM May 22, 2013, 12:06 pm
Manji hotelier hits back at critics May 22, 2013, 11:52 am
Wyllie sells down Amcom holding May 22, 2013, 11:16 am

National

iiNet sells TransACT to $9m

Internet service provider iiNet says it has sold its TransACT's fibre-to-the-premises business in the ACT to NBN Co for $9 million in cash with trailing… 23 minutes ago

Iluka earnings to fall 41 minutes ago
Adelaide Brighton lowers expectations 49 minutes ago
Rinehart still tops rich list despite $7b loss 56 minutes ago
Gina tops rich list for third year 56 minutes ago

World

Japan posts worst April trade deficit

TOKYO (AFP) - Japan on Wednesday posted its worst April trade deficit as a weak yen ramped up import costs and helped extend the run of monthly shortfalls to… May 22, 2013, 10:26 am

U.S. prosecutors consider using racketeering law against SAC - source 1 hour, 52 minutes ago
Japan exports disappoint, full benefits of weak yen yet to show May 22, 2013, 8:53 am
Britvic to outline plans for standalone future - Sky News May 22, 2013, 6:41 am
The Irish loophole behind Apple's low tax bill May 22, 2013, 6:10 am

Technology

iiNet sells TransACT to $9m

Internet service provider iiNet says it has sold its TransACT's fibre-to-the-premises business in the ACT to NBN Co for $9 million in cash with trailing… 23 minutes ago