Archive November 6th, 2008
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- Famed Wedgwood cracks under pressure
RENOWNED crystal and pottery maker Waterford Wedgwood has cracked - filing for bankruptcy protection yesterday. - Leighton profits dive by 60 per cent
THE first-half profit of Australia’s largest construction and engineering firm has plummeted by 60 per cent because of the world economic slowdown. - 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.
- Cloud on car sales
AUSTRALIA’S car industry faces a downturn 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.
- Leighton profits dive
THE first-half profit of Australia’s largest construction and engineering firm has plummeted by 60 per cent because of the world economic slowdown. - Interest rates unchanged
THE Reserve Bank of Australia has kept interest rates on hold for now, but further cuts are widely tipped from as early as next month. - Pushbikes outsell cars
AUSTRALIAN consumers, braced for bad times, are continuing to buy more pushbikes than cars in what may be a sign of things to come. - Hunt for bargains continues
THE Boxing Day sales party that sparked an unprecedented shopping spree across Queensland looks set to continue well into the month. - Bid to jail Madoff for breach
US prosecutors have asked a judge to imprison financier Bernard Madoff, saying he has violated his bail as he awaits trial on fraud charges.
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