Industries

Philadelphia Fed business index lifts

Manufacturers in the US Mid-Atlantic region report improved business conditions in April.

Mattel posts Q1 loss on poor Barbie sales

by AAP
Toymaker weighed as sales of iconic doll post second straight quarter of double-digit decline.

GE posts 15% slump in Q1 earnings

by AAP
General Electric has reported lower earnings but higher industrial profits, thanks to gains in its two largest industrial segments.

Goldman Sachs Q1 profit falls

by AAP
US investment bank declines in some key trading divisions, but notched a big gain in financial advisory services.

The Week Ahead

Oil Search and Newcrest are set to report quarterly production numbers, while manufacturing data from China, the US and Europe will be closely watched.

Silicon Valley’s next big thing

Although the growth in Google’s advertising revenue is below that of its peers, the sheer size of the revenues it is pulling out of the market dwarfs all rivals.

Freeing the markets from HFT claws

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Weighing in on the high-frequency trading debate, Joseph Stiglitz has reminded us that markets exist to provide a fundamental social purpose rather than to deliver profits for short-term traders.

A new direction for the BHP board?

A new appointment will add depth to the oil and gas expertise of the BHP Billiton board. But it may also presage a far broader shake-up of the 14 mainly non-executive directors of the mining giant.

One.Tel set for $40m settlement

NSW court approves payment by Consolidated Press, Crown Resorts and News Corp.

Japara shares up 34% on debut

Shares in the largest IPO to hit the boards this year surge on listing, after a bookbuild that was heavily oversubscribed.

Flight Centre appeals $11m fine

by AAP
Travel agency lodges appeal after judgement on anti-competitive behaviour.

Genesis shares surge on NZ debut

Shares in New Zealand’s biggest electricity seller rose as much as 17 per cent in their trading debut.

Gilbert + Tobin tops equity league table

The law firm has done the most deals in equity capital markets in the first three months of 2014, according to Thomson Reuters.

Broking house founder jailed

by AAP
Sonray Capital Markets director Russell Johnson sentenced to 6.5 years.

API unveils $131m writedown

by AAP
Group says one-off impairment mainly related to changes in value of its loans to pharmacies.

Govt names managers for Medibank IPO

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Government names three investment banks to manage the multibillion dollar float, after hearing pitches from 11 banks.

Sawhney in key ANZ role

ANZ names Sameer Sawhney new head of global banking, international and institutional banking.

China to screen Aussie shows

by AAP
The ABC's Australia Network has struck a deal to broadcast media content in China.

New car sales fall in March

Australian Bureau of Statistics data shows a fall in new car sales for the month.

Woolworths' investors show support for DJs deal

South Africa's Woolworths needs to convince its own shareholders of the merits of the David Jones deal, and it may be making some progress on that score.

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