Superannuation tax breaks described by Australia Institute as the Hindenburg of the federal budget

Superannuation tax breaks described by Australia Institute as the Hindenburg of the federal budget

ABC A left-leaning think tank says the federal budget would be more than $13 billion better off if the Government scrapped all tax breaks on superannuation and dramatically increased the age pension. The radical proposal is contained in a report by the Australia Institute, which will be released today, and comes amid increasing speculation the Coalition is preparing to increase the retirement age…

Australian Markets

  • ChinaNet Online Holdings Receives Nasdaq Notification of Non-Compliance With Listing Rules GlobeNewswire - 3 hours ago

    BEIJING -- ChinaNet Online Holdings, Inc. (the "ChinaNet" or "Company"), a leading B2B (business to business) Internet technology company focusing on providing online-to-offline ("O2O") ...

  • Why Coca-Cola Amatil Limited could be a once in a generation opportunity The Motley Fool Australia - 10 hours ago

    Coca-Cola Amatil Limited (CCL.AX) is a fallen angel that many investors have been quick to write off. But what if now is actually a once in a generation opportunity to buy? Shares in CCA have always commanded a premium price because, until recently, it was a quality company which had proven its performance year-in, year-out. Newly installed CEO Alison Watkins will lead a strategic review of the company which will be a catalyst for change.

  • Providence, RI, sues firms over stock trades Associated Press - Sat, Apr 19, 2014 10:05 AM AEST

    Providence, R.I., is suing dozens of Wall Street banks and other financial companies over high-frequency trading. The federal complaint was filed Friday in New York on behalf of city investment funds that ...

  • Earnings season starts rough for health insurers Associated Press - Sat, Apr 19, 2014 1:02 AM AEST

    Health insurers that easily outpaced the broader market in trading last year nosedived this week after UnitedHealth released shaky first-quarter earnings. That dip may be short-lived if the performance ...

  • Minerals Technologies Extends Tender Offer for Outstanding Shares of AMCOL International ACN Newswire - Fri, Apr 18, 2014 9:02 PM AEST

    NEW YORK, NY -April 18, 2014-Minerals Technologies Inc. (NYSE:MTX - News) announced today that it has extended its tender offer to purchase all outstanding shares of AMCOL International Corporation (NYSE:ACO - News) for $45.75 per share in cash. All terms and conditions of the tender offer, other than the expiration date, remain the same. Unless extended further, the tender offer will now expire at 9:00 a.m., New York City time, on May 2, 2014. The tender offer was previously scheduled to expire at 9:00 a.m., New York City time, on April 18, 2014.

  • Deutsche Bank likes BHP Billiton Limited – should you? The Motley Fool Australia - Fri, Apr 18, 2014 3:52 PM AEST

    Despite the strong headwinds facing the mining sector, Deutsche Bank has reiterated its 'buy' rating on sector heavyweight BHP Billiton Limited (BHP.AX), giving it a price target of $43.50, which is 14% higher than today's price of $38.04. Meanwhile, CIMB maintains a price target of $42.80 and RBC Capital has reiterated an 'outperform' rating on the shares. You should look at BHP Billiton as a long-term investment prospect .

  • Shares of Travelocity owner Sabre rise after IPO Associated Press - Fri, Apr 18, 2014 7:58 AM AEST

    Shares of Sabre Corp. ended higher Thursday, but the provider of technology services to the travel industry raised less money than it had projected in its initial public offering. The company had offered ...

  • Weibo shares jump in market debut Associated Press - Fri, Apr 18, 2014 6:44 AM AEST

    Chinese social media company Weibo Corp.'s shares soared in their U.S. market debut Thursday. Weibo was launched four years ago by Chinese online media company Sina Corp. Weibo provides a Twitter-like ...

  • Mid-cap stocks are getting some love, finally Associated Press - Fri, Apr 18, 2014 4:11 AM AEST

    Maybe the middle child really should be the favorite. Just like families sometimes overlook the middle kid, investors all too often pay attention to just the smallest and largest stocks. Managers of mid-cap ...

  • Sina Weibo shares jump more than 10% after IPO AFP - Thu, Apr 17, 2014 4:16 PM AEST
    Sina Weibo shares jump more than 10% after IPO

    Shares of Sina Weibo, China's answer to Twitter, jumped more than 10 percent in initial trade Thursday after an undersubscribed initial public offering. Weibo's parent, the Chinese Internet giant Sina Corp, sought to raise as much as $380 million listing the subsidiary on the Nasdaq exchange, but only pulled in $286 million as it ran into a market jittery over both tech and Chinese company shares.

 

Company Finances

  • USDA establishes rural business investment program Associated Press - 22 minutes ago

    The U.S. Department of Agriculture announced Monday a new $150 million program designed to provide investment capital to help small agriculture-related business in rural areas with cash needed to expand. ...

  • Early Glance: Food companies Associated Press - 23 minutes ago

    Shares of some top food companies are mixed at 10 a.m.: ConAgra Foods Inc. fell $.08 or .3 percent, to $31.26. General Mills Inc. rose $.23 or .4 percent, to $52.32. Hormel Foods Corp. rose $.02 or percent, ...

  • Early Glance: Tools and Appliances companies Associated Press - 23 minutes ago

    Shares of some top tools and appliances companies are mixed at 10 a.m.: General Electric Co. rose $.12 or .4 percent, to $26.68. Snap-On rose $.16 or .1 percent, to $116.10. Stanley Works fell $.21 or ...

  • Early Glance: Consumer companies Associated Press - 23 minutes ago

    Shares of some top consumer companies are down at 10 a.m.: Clorox fell $.28 or .3 percent, to $89.85. Colgate-Palmolive Co. fell $.03 or percent, to $66.91. Kimberly-Clark Corp. fell $.82 or .7 percent, ...

  • Early Glance: Autos companies Associated Press - 23 minutes ago

    Shares of some top autos companies are mixed at 10 a.m.: Ford Motor Co. rose $.04 or .3 percent, to $16.04. General Motors Co. fell $.03 or .1 percent, to $33.95. Honda Motor Co. fell $.41 or 1.2 percent, ...

  • Early Glance: Beverages companies Associated Press - 23 minutes ago

    Shares of some top beverages companies are down at 10 a.m.: Anheuser-Busch Inbev ADR fell $.11 or .1 percent, to $109.09. Coca-Cola Co. fell $.22 or .5 percent, to $40.50. Dr Pepper Snapple fell $.01 or ...

  • Johnson Outdoors to Release Fiscal 2014 Second Quarter Results on May 2, 2014 GlobeNewswire - 28 minutes ago

    RACINE, Wis. -- JOHNSON OUTDOORS INC. , a global company engaged in the design, manufacture and marketing of branded outdoor recreation equipment, will release financial results for the Fiscal 2014 second ...

  • Tatyana Designs Completes $1.5 Million Convertible Note Financing GlobeNewswire - 1 hour 54 minutes ago

    LAS VEGAS -- Tatyana Designs, Inc. (the "Company") (OTC Pink:TATD), a growing designer, manufacturer and retailer of vintage inspired contemporary designs, today announced the closing of $1.5 ...

  • Photo Release -- Kannaway Unveils KannaKick CBD-Rich Hemp Oil Functional Food Chew Squares GlobeNewswire - 1 hour 54 minutes ago

    SAN DIEGO -- Kannaway, LLC ("Kannaway") proudly unveiled the first-of-its kind cannabidiol (CBD)-rich hemp oil functional food chew squares "KannaKick(TM)." Five flavors of KannaKick(TM) ...

  • Hillshire expands non-meat offerings with Van's Associated Press - 2 hours 44 minutes ago

    Hillshire Brands said Monday that it reached a deal to buy Van's Natural Foods from private equity firm Catterton Partners for $165 million, marking the company's expansion into non-meat foods. The Chicago-based ...