MRV Communications designs, manufactures, sells, distributes, integrates, and supports communication equipment and services, and optical components. Co.'s networking group provides switches, routers, physical layer products...
Interest rate cuts in the next few months will have potential home buyers scrambling back into the housing market, economists say.New data shows that 12-year high interest rates have virtually killed off the Australian dream of home ownership, with demand for new home loans slumping by more than 25...
Origin Energy Ltd said it would be a winner when emissions trading scheme is introduced in 2010 because it uses gas to generate electricity, which is cleaner than coal.Australia's second largest energy retailer supported moves by Woodside Petroleum Ltd, urging the federal government to give free carbon trading permits...
Finding “The One” isn’t easy. Is Yahoo just playing hard to get? Neither company can stand alone against the Google machine, so a loving partnership may be their only choice.
There was an essential media relations lesson to be learned from a recent Wall Street Journal story about the subprime mess: the right and wrong ways to say "no comment." Once upon a time, saying "no comment" when you wanted to decline an interview was a benign...
ConAgra, the $11.5 billion packaged foods giant, is shaking off its decade-long somnolence. Historically, the company has pseudo-innovated via acquisitions of growing brands, instead of firing up the R&D kitchen. But Gary Rodkin, who took over as chief executive in fall 2005, has been pushing hard to develop new products...
It's kind of a neat idea that 81 little squares with some numbers inside could generate global sales in excess of $250 million in two years -- not to mention converting an estimated 80 million people into Sudoku players. Sudoku is a puzzle game from Japan that captivated the U.S....
Reinsurance means one insurance company purchasing coverage from a second insurance company for a risk that the first insurance company is insuring. The best way of explaining this is through an example. Big City Life Insurance Company has written a $10 million life insurance policy on the life of Mr....
The Australian online launch of a US department store giant JCPenny is a wake up call to local retailers who generally have a poor internet presence with limited transaction facilities, independent researcher IBISWorld says.JCPenney his week launched a website tailored to Australians shoppers, with prices shown in Australian dollars,...
ROC Oil Company Ltd is set to take control of Anzon Australia Ltd after getting the green light for its proposed merger from the target's largest shareholder, UK-based Anzon Energy Ltd AEL.Shareholders of AEL voted Wednesday at a meeting in Sydney overwhelmingly in favour of a merger with ROC,...
Eighty per cent of Australian business leaders are pessimistic about the outlook for 2008/09, with resources and China the major possible saviours, according to Perpetual Ltd's annual Leadership Survey.Relief in the form of lower interest rates and looser credit markets came a distant second, while the greatest negatives were...
Royal Bank of Scotland RBS Group will integrate its locally owned ABN Amro Australia business into its domestic operations, after plans to sell the unit were scrapped.RBS said on Thursday ABN Amro Australia and New Zealand chief executive Angus James will step down as result.The ABN Amro Australia business...
Copper and silver producer Anvil Mining Ltd says it is confident it will complete a $C237 million ($A267.8 million) placement next month to support the expansion of its Kinsevere mine in the Democratic Republic of Congo DRC.Anvil president Bill Turner told the Paydirt Africa Down Under Conference in Perth...
For a chief executive who just finished presiding over a breathtaking corporate downfall, Brent Willis, the recently ousted CEO of Canadian soft-drink maker Cott, is taking home a nice chunk of money. The company filed documents with the Securities and Exchange Commission revealing that Mr. Willis will...
AMP Ltd has reported a fall in first half earnings after the wealth manager and insurer battled volatile financial market conditions that cut the value of its investments.Net profit for the six months to June 30 was $366 million, down 22 per cent from $470 million in the same...
Property developer and funds manager Mirvac Group said it retains an "enviable" position among its real estate peers, despite delivering a 69.1 per cent slide in annual profit.Net profit for 2007/08 fell to $171.8 million, from $556.1 million in the previous year, after the group cut its property valuations...
Fairfax Media Ltd is set to slash 550 jobs across Australia and New Zealand as it cuts costs amid tightening economic conditions and a downturn in the newspaper advertising market.The newspaper, radio and internet group, which last year merged with Rural Press, said it would cut five per cent...
Travel group Flight Centre Ltd has lifted its annual profit by 18 per cent but says it expects earnings to grow at a slow pace this financial year.Net profit for the year ended June 30 was $143.15 million, up from $120.82 million in the previous year.Its pre-tax profit grew...
ANZ Banking Group Ltd said it would have to wait and see whether it would create an individual provision for troubled investment house Babcock & Brown Ltd.Chief executive Mike Smith continued to stand by the bank's board, saying that they shouldn't be held accountable for problems at its securities...
Caltex Australia Ltd says the Australian public has started to focus more on the crude oil price when it considers the cost of petrol.Australia's biggest oil refiner also said that it wouldn't mind if the government's FuelWatch plan didn't come to fruition because it had a neutral position on...
Challenger Financial said stronger cash spread earnings in its asset management arm and higher net fee income from both the mortgage management and asset management businesses drove an 11.8 per cent rise in net income to $616.5 million during the year.Normalised earnings before interest and tax EBIT rose 21...
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