Business

Wednesday, May 22nd, 2013

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Rinehart still the richest

WA mining magnate still tops BRW's rich list despite losing $7b from her net worth in 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 talk

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

Related:: Seven West falls on KKR exit

iiNet sells TransACT stake for $9m

Perth-based ISP sells fibre-to-the-premises business in the ACT to NBN Co. 01:44 pm

Market closes in negative territory

ASX remains on the back foot with major banks extending their correction. 02:12 pm

WA Business

WA SME's top social media poll

Small and medium-sized enterprises (SMEs) in WA have topped the nation for their use of social media, according to a study. May 22, 2013, 2:59 pm

iiNet sells TransACT stake for $9m May 22, 2013, 1:44 pm
Rinehart still tops rich list despite $7b loss May 22, 2013, 1:11 pm
Iluka higher on upbeat AGM talk May 22, 2013, 12:06 pm
Manji hotelier hits back at critics May 22, 2013, 11:52 am

National

Myer boss fan of falling Aussie dollar

Myer boss Bernie Brookes says falling Australian dollar has more benefits than downsides for his business. May 22, 2013, 6:55 pm

Rinehart loses $7 bn but still Australia's richest May 22, 2013, 5:38 pm
Internet job ads fall 3.6pc in April May 22, 2013, 3:35 pm
$A lower on consumer sentiment figures May 22, 2013, 3:19 pm
Liquidators try to freeze Tinkler's assets May 22, 2013, 3:03 pm

World

Societe Generale says sacks Russian unit head

PARIS (AFP) - French bank Societe Generale said Wednesday it had sacked the head of its Russian unit Rosbank, who was arrested and charged last week for… 29 minutes ago

Bernanke warns against premature policy tightening 37 minutes ago
Analysis - Oil saving win-win drives Saudi solar power boom 48 minutes ago
Egyptian factories, hit by subsidy cuts, highlight Cairo's fiscal dilemma 51 minutes ago
Fallout spreads in Hong Kong over shut-down Mercantile Exchange 1 hour, 2 minutes ago

Technology

Solar plane aims for new world distance record

LOS ANGELES (AFP) - Solar Impulse, the first aircraft that can fly day and night fueled entirely by energy from the sun, embarked Wednesday on the second leg… May 22, 2013, 8:31 pm