2008 October 17 | G NETWORK

Archive October 17th, 2008

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DOW JONES

XJO Australia

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.

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.
Car buyers defy tough times
AUSTRALIANS bought more than a million new vehicles last year, only the second time the milestone had been reached.
Leighton plunges on asset writedowns
LEIGHTON Holdings shares plunged almost 10 per cent today after it cut its profit forecast amid asset writedowns of $200 million.

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.