Business

Wednesday, May 22nd, 2013

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Myer lifts sales slightly

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

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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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Rio Tinto shake-up continues

Greg Lilleyman quitting his role in charge of mining giant's Pilbara iron ore unit. 07:28 am

KKR exits Seven West Media

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

Rein in spending, Barnett told

One of world's big three ratings agencies puts WA on notice to get Budget under control. 02:30 am

Palmer softens on Sino Iron

Mining mogul softens stance on threats to kick CITIC Pacific off the $7b project. 07:34 am

Market opens firmer on solid lead

ASX opens in the black on back of positive lead from Wall St overnight. 07:51 am

WA Business

Spud industry set for big shake-up

The WA potato industry is in for a major shake up under ambitious plans to add variety and value to the humble spud through research and a major marketing… May 22, 2013, 7:40 am

Fraudster King guilty over loan May 22, 2013, 7:36 am
Palmer softens on Sino Iron May 22, 2013, 7:34 am
KKR exits Seven West Media May 22, 2013, 7:32 am
Lilleyman to leave Rio iron ore May 22, 2013, 7:28 am

National

Liquidators apply to freeze Tinkler assets

Liquidators have moved to freeze the assets of struggling businessman Nathan Tinkler and those in his wife and family's name. 25 minutes ago

Tinkler's asset may be frozen 28 minutes ago
Consumer sentiment turns bearish 33 minutes ago
Consumers get gloomy about the budget 1 hour, 4 minutes ago
Aust stocks open higher 1 hour, 17 minutes ago

World

Japan exports disappoint, full benefits of weak yen yet to show

By Tetsushi Kajimoto TOKYO (Reuters) - Japan's exports rose less than expected in April from a year earlier due to weak demand from Europe… 1 hour, 15 minutes ago

Japan's trade deficit expands 70% in April 1 hour, 32 minutes ago
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
US Congress grills former IRS boss over tax scandal May 22, 2013, 5:51 am

Technology

The Irish loophole behind Apple's low tax bill

By Tom Bergin LONDON (Reuters) - Apple's ability to shelter billions of dollars of income from tax has depended on an unusual loophole in… 1 hour, 34 minutes ago