Archived News for Finance Sector Professionals - September, 2013
The rolling tide that is Australian surfwear company Billabong seems to have landed on new shores, settling on a finance deal and new chief executive for the label.
Publishing pay to nullify nattering
One company has made an interesting move to combat inter-office jealousy over rumoured pay rates; telling everyone in the company exactly what everyone else earns.
Big farm funded as green bank faces demise
A massive wind farm in Victoria has been awarded $70 million by the Clean Energy Finance Corporation, in what may be the last such renewable energy pay-out for some time.
Stick to the list to waste the waist
Obesity remains one of the major public health challenges internationally, with weight-loss quick-fixes arriving at a constant rate, but rarely sticking around long enough to help.
Counting dirty money for GDP
New statistics from the ABS say illegal drugs add about $6 billion to the Australian economy every year, with cultivation shaping up as a rapidly-mushrooming domestic market.
Myer's multi-million high fashion buy-out
Two of the hottest names in fashion will have a bit more cash to burn soon, with Myer announcing it will complete its buy-out of Sass & Bide worth about $30 million.
Palmer puts tax talk to bed
Queensland’s big man of mining has cleared up his $90 million tax dispute and is ready for the possibility of taking up a role in federal government.
Shareholders enticed by $24 billion Dell deal
The stoush over the value of the Dell computer brand seems to have subsided, with reports shareholders have finally agreed to a $US24.9 billion buyout offer put forward by founder and CEO Michael Dell with venture group Silver Lake Partners.
TAFE chief quits, calls for commerce
The chief executive of a key regional Victorian training centre has quit, her outgoing message said there were still big hurdles on the road ahead.
Twitter to take flight on free market
Twitter is going public, the social media mammoth made the announcement in the only appropriate way overnight – condensing the news into a punchy 135-character tweet.
Council chief's spending spree lock-down
A former council CEO has been jailed after his free-wheeling use of the shire’s credit card.
Farmers look out for federal fulfilment
The Queensland Farmer’s Federation is one of the first of many groups which will be hoping the newly-elected government sticks to its pre-poll promises.
Scientific supergroup sets sights on tomorrow
The issue of how to provide a comfortable retirement for Australia’s aging population will be tackled by a $9 million collaborative effort between top scientific agencies.
Big buy-out brings billions, some see more on horizon
Australian-based engineering consultant Sinclair Knight Merz has been bought out by Californian giant Jacobs Engineering for over a billion dollars.
Forging a deal for Roy Hill mine, roads and port
A recent agreement has secured WA jobs in many trades for a number of years, with one group scoring a billion dollar contract to build large parts of a massive mine.
NICTA nervous on future funding
There will be some worried exchanges at one of Australia’s top technology research groups today, with word the new federal government may look to slash funding in the future.
Russians roll ahead on uranium buy-out
One of the country's few functioning uranium mines will soon be Australian in location only.
Coal and iron defy fears with record high
Coal and iron ore miners may be the most surprised to hear warnings about the future of Australia’s commodities markets, with new records set this month for exports to China and Japan.
Debt ceiling in question after Hockey's drop
Reports today say Australia’s debt ceiling would have to be raised from its $300 billion level if the Opposition take power after Saturday’s election.
Indigenous business given solid boost
A new fund has been launched to develop Aboriginal businesses.
Big wig criticisms flung and returned
The Prime Minister has deflected criticism from a board-member of the Reserve Bank, saying Roger Corbett is just talking up his own interests as chair of Fairfax.