Budget in chronic position: JP Morgan

Budget in chronic position: JP Morgan

AAP One of the world's largest investment banks has sent Treasurer Joe Hockey a stark warning: change the course of the budget or Australia risks losing its triple-A status. The warning from JP Morgan's chief economist in Australia, Stephen Walters, came as the price of iron ore - one of the country's key sources of revenue - sunk to its lowest level in nearly a decade. Commodity forecasters at …

 

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Company Finances

  • Getty oil heir's death latest in string of family tragedies Associated Press - 39 minutes ago
    Getty oil heir's death latest in string of family tragedies

    It's a family name that has long been associated with unimaginable wealth and sometimes unspeakable tragedy. The mysterious death of J. Paul Getty's grandson Andrew Getty is just the latest example of ...

  • McDonald's: Workers to get pay hikes at company-owned stores Associated Press - 2 hours 12 minutes ago
    McDonald's: Workers to get pay hikes at company-owned stores

    McDonald's says it's raising pay for workers at company-owned U.S. restaurants, making it the latest employer to sweeten worker incentives in an improving economy. The fast-food chain owns about 10 percent ...

  • NY lawyer charged with helping con man in Maxim magazine bid Associated Press - 2 hours 59 minutes ago

    A lawyer accused of conspiring to help a con man in a ruse to borrow millions of dollars in a failed bid to buy Maxim magazine was arrested on Wednesday. Harvey Newkirk was freed on $500,000 bail after ...

  • Business Highlights Associated Press - 4 hours ago

    ___ Live in a Porsche? Designer labels draw Miami home buyers The wow factor for Miami's skyscraper condos no longer comes from a dazzling Atlantic Ocean view. It takes something more audacious to sell ...

  • Hot cars at the New York International Auto Show Associated Press - 5 hours ago
    Hot cars at the New York International Auto Show

    The New York International Auto Show opens this week with a mix of mainstream sedans and glitzier models from automakers across the globe. There are a handful of new midsize cars and compact cars, including ...

  • Final Glance: Restaurant companies Associated Press - 5 hours ago

    Shares of some top restaurant companies were mixed at the close of trading: Brinker International Inc. fell $.37 or .6 percent, to $61.19. Chipotle Mexican Grill Inc. rose $1.99 or .3 percent, to $652.53. ...

  • Final Glance: Food companies Associated Press - 5 hours ago

    Shares of some top food companies were mixed at the close of trading: ConAgra Foods Inc. rose $.33 or .9 percent, to $36.86. General Mills Inc. fell $.12 or .2 percent, to $56.48. Hormel Foods Corp. rose ...

  • Final Glance: Consumer companies Associated Press - 5 hours ago

    Shares of some top consumer companies were mixed at the close of trading: Clorox fell $.46 or .4 percent, to $109.93. Colgate-Palmolive Co. fell $.25 or .4 percent, to $69.09. Kimberly-Clark Corp. fell ...

  • Final Glance: Tools and Appliances companies Associated Press - 5 hours ago

    Shares of some top tools and appliances companies were mixed at the close of trading: General Electric Co. rose $.03 or .1 percent, to $24.84. Snap-On rose $.17 or .1 percent, to $147.23. Stanley Works ...

  • Final Glance: Beverages companies Associated Press - 5 hours ago

    Shares of some top beverages companies were mixed at the close of trading: Anheuser-Busch Inbev ADR rose $1.58 or 1.3 percent, to $123.49. Coca-Cola Co. rose $.13 or .3 percent, to $40.68. Dr Pepper Snapple ...