Business

Late hitch to Seven's merger

Elisabeth Sexton A Federal Court judge has delayed a shareholder vote on Seven Network's $3 billion merger with WesTrac while he considers recruiting an independent barrister to advise him on related-party issues.

Courts probe Bill Express 'money-go-round'

Mark Hawthorne Former Macquarie Equities senior adviser Newton Chan pleaded guilty yesterday to eight counts of market manipulation of the share price of Bill Express.

Storm hits IAG's earnings forecast

Eric Johnston The storm that pounded Melbourne last weekend is also hurting insurers, with Insurance Australia Group yesterday lowering its earnings guidance as payouts started to climb.

Nyrstar returns to the battle for CBH

Barry FitzGerald Control of CBH Resources is back to a battle between Nyrstar and Toho Zinc after Nyrstar returned with a greatly improved but highly conditional bid.

CuDeco lost in translation

Barry FitzGerald Cudeco has got out of a disclosure shortcoming with the Australian Securities Exchange by blaming translators and the Chinese media for getting it wrong when quoting its chairman and chief promoter,...

UK gives GM loan guarantee for Vauxhall

Britain will give a STG270 million ($A444.3 million) loan guarantee to General Motors to help keep its Vauxhall operations going, a government official says.

US retail sales post surprise rise

Veronica Smith US retail sales unexpectedly rose for the second month in February, despite severe winter storms that hammered regions of the country, official data shows.

Shareholders okay Black & Decker deal

Shareholders have approved a nearly $US3.5 billion ($A3.82 billion) stock buyout, clearing the final hurdle for Stanley Works to acquire Black & Decker.

Greek fourth-quarter GDP shrinks

The economy of crisis-hit Greece shrank by 2.5 per cent, slightly better than an earlier estimate, in the last three months of 2009, official data shows.

Oil prices slip on weak US data

Oil prices fell after news of a surprise decline in US consumer confidence in the world's biggest oil-consuming nation stirred concern about energy demand.

ATO takes aim at the murky side

Stuart Washington and Adele Ferguson Investigators are focusing on foreign multinationals as the Tax Office unravels a series of minimisation strategies.

'No one in charge' as AIG crumbled

aig

AIG Group was unprepared for the financial crisis that forced the insurer to accept a $US182.3b bailout from the US government.

Taxman declares war on top end of town

Taxman.

Adele Ferguson and Stuart Washington The ATO is about to reap tens of billions of dollars.

US shoppers weather winter storms

Sales at US retailers unexpectedly climbed in February as shoppers braved blizzards to get to the malls, signaling consumers will contribute more to economic growth.

Job worries weigh on US consumer confidence

Confidence among US consumers unexpectedly declined for a second month in March, a sign Americans are discouraged about the labor market.

Hyperinflation lurks as a risk

'Black Swan' author Nassim Nicholas Taleb is concerned about hyperinflation as governments around the world take on more debt and print money.

European industrial output rises most in two decades

European industrial output rose the most in two decades in January as the reviving global economy prompted companies to boost production of goods including steel and machinery parts.

Wanna buy a power plant, or maybe a tunnel?

Verrender

Ian Verrender We Australians appear to be turning into a nation of contrarians when it comes to economics and business.

Why Barnaby Joyce is creating much ado about nothing on foreign debt

Gittins

Ross Gittins It seems the senator does not really grasp what he is talking about.

Gunns resolves - if you can't beat 'em, join 'em

Gunns.

Paddy Manning The forestry industry is gradually bowing to FSC control of native forest.