NorgdomBusiness
Seven boss sells shares
1pointsTHE Seven Network's television boss, David Leckie, has sold nearly his entire holding of shares in the group - worth more than $18million at yesterday's levels - with all the proceeds used to pay off loans he took to buy the shares.
Mortgage relief for jobless
1pointsHOME loan customers of regional banks and non-bank lenders could be short-term losers from the federal Government's announcement of a banking industry assistance package for households facing financial hardship.
The unpredictable fate of world's economy
1pointsAfter a terrible Tuesday, markets never really recovered last week. After rallying into Treasury Secretary Geithner’s speech on Tuesday, US markets unwound in spectacular fashion. It appears to have been a case of markets expecting.......
Australian share market rises with resources
1pointsTHE resources sector boosted the stock market today, which rose after small gains on Wall Street on Friday. Higher commodity prices also helped the rise in the Australian share market after the opening bell.
The Formula That Killed Wall Street
1pointsFor five years, Li's formula, known as a Gaussian copula function, looked like an unambiguously positive breakthrough, a piece of financial technology that allowed hugely complex risks to be modeled with more ease and accuracy than ever before.
Fairfax signals cuts and mergers
1pointsFAIRFAX Media has pointed to further job cuts and mergers of newspaper sections across the group as it battles a crumbling classified advertising market and a struggling broader economy.
US stocks extend slide
1pointsWall Street shares plunged to their lowest close in nearly 12 years, on investor disappointment with the latest plan to prop up the ailing US banking system.
Fairfax First-Half Loss A$365.3 M on Writedown
1pointsFairfax Media Ltd., Australia’s second-largest newspaper owner, had its first half-year loss in at least six years after writing down the value of newspapers and media licenses.
Shares stay in positive territory
1pointsThe Australian share market had moved into positive territory by noon, buoyed by better-than-expected corporate earnings and brushing off mixed offshore leads.
The case for doing nothing
1pointsDissident US economists are making a case for the government to do nothing and let the economy sort itself out.
Catching the 'bounce back'? Superannuations Tank
1pointsA bit dated, but still relent article on the singing finance market and it's affect on our investments, and superannuation.
Boom in Australia goes bust as recession hits
1pointsEconomists are forecasting that Australia's economy will shrink this quarter and next, tipping the land down under into a recession for the first time since 1991.
Network 21 Amway?
1pointsIs Network 21, the motivational organisation behind the questionable business opportunity Amway, a scam or pyramid scheme. Can you make any money? If you've been deceived into attending one of their seminars you will have many questions. Get answers!
Gift boxes
1pointsChristmas hamper,Christmas hampers,Corporate gifts,Gifts for babies,Gift baskets,Gifts delivered,Gift basket,Gift hamper,Baby gift basket,Gift boxes
From east to west, a chain collapses
1pointsAcross the scrap trade, prices have halved or worse in a matter of months. Each link in the chain is disintegrating, from factories to scrapyards to collectors. Official media reported that four-fifths of China's recycling units had closed.
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