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Money News

• Market ends day positive, up 1.5pc
  THE share market was in positive territory at the close, with gains across all sectors except for healthcare.
• Bank mergers likely in credit squeeze
  FORMER bank boss believes more mergers are in the pipeline as local banks feel the pinch from the credit crunch.
• Regulators examined Madoff - report
  BERNARD Madoff’s company was examined at least eight times in 16 years by US regulators, a report said.
• Apple bounces as Jobs clears the air
  APPLE shares jump 5pc after Steve Jobs denies rumours he is terminally ill, saying he will remain CEO.
• Business braces for the worst
  AUSTRALIAN businesses fear the next three months will be their toughest quarter yet.

• Cloud on car sales
  AUSTRALIA’S car industry faces a downturn this year that could hit 15 per cent, making the sector a barometer of the country’s economic health.
• Famed Wedgwood cracks under pressure
  RENOWNED crystal and pottery maker Waterford Wedgwood has become the latest victim of the global economic crisis after filing for bankruptcy protection yesterday.
• Confidence slowly returning to market
  THE Australian share market closed firmly in the black today, with gains across most sectors.
• Rio Tinto resumes Pilbara mining
  RIO Tinto has resumed all of its iron ore operations in Western Australia’s Pilbara region after suspending some activities.
• Business confidence at record low
  BUSINESS confidence is at a record low, with the global financial crisis dealing a blow to sales and profitability.

• Prices set to take off
  NEARLY four out of five Australian businesses plan to raise prices through March in a bid to counter the effects of the economic slowdown, a report reveals.
• Market up in most sectors
  THE Australian sharemarket has closed firmly in the black with gains in 11 of the 12 sectors, with only healthcare losing ground.
• Debt rollover brings gain
  SHARES in Brisbane-based Laotian copper group PanAust soared after Goldman Sachs JBWere agreed to roll over $US80 million ($A112 million) of debt.
• NAB to update direction
  NATIONAL Australia Bank is keeping mum over whether it will offload its British assets as new chief executive Cameron Clyne prepares to detail strategic direction.
• Flow plan wanted by miners
  WITH the mining industry’s junior ranks facing a capital drought in 2009, the industry has stepped up lobbying for a flow-through shares scheme.