Treasurer Joe Hockey was concerned GrainCorp bidder Archer Daniel Midland 'not of good character'

Treasurer Joe Hockey was concerned GrainCorp bidder Archer Daniel Midland 'not of good character'

ABC The Federal Treasurer has revealed he blocked a foreign takeover bid for GrainCorp partly because the US-based company was "not of good character". Joe Hockey knocked back the proposal by Archer Daniel Midland (ADM) late last year, drawing criticism from the Opposition and several business groups. At the time, Mr Hockey said the $3.4 billion takeover was not in the national interest.

Australian Markets

  • Aemetis Files Preliminary Proxy For Consent Solicitation to Approve 1-for-10 Reverse Stock Split Business Wire - 2 hours 21 minutes ago

    CUPERTINO, Calif.--(BUSINESSWIRE)-- Aemetis, Inc. (OTC.QB:AMTX - News), a renewable fuels and biochemicals company with operating plants in California and India, today filed a preliminary proxy for a consent solicitation seeking approval from its stockholders for a 1-for-10 reverse stock split of Aemetis common stock in anticipation of listing on a national exchange. “We believe that a national exchange listing will allow a broad range of institutional investors to participate in the continued growth and success of the company,” said Eric McAfee, Chairman and Chief Executive Officer of Aemetis, Inc. Assuming that the stockholders vote to approve the reverse stock split, upon the effectiveness of the reverse stock split, every ten shares of issued and outstanding Aemetis common stock will be automatically combined into one issued and outstanding share of common stock without any change in the par value per share.

  • Abu Dhabi Securities Exchange (ADX) Goes Live With New Trading Engine Powered by NASDAQ OMX GlobeNewswire - 5 hours ago

    NEW YORK and ABU DHABI -- Abu Dhabi Securities Exchange (ADX) and NASDAQ OMX Group, Inc. , today announced that ADX has gone live with X-stream Trading technology. The upgrade, started in 2012, provides ...

  • SDRL - Mandatory notification of trade GlobeNewswire - 8 hours ago

    HAMILTON, Bermuda -- Seadrill Limited ("the Company") has through market purchases executed on April 22, repurchased 300,000 of the Company's own common stock at an average price of NOK196.80 ...

  • China pork firm scales down HK listing on volatility concerns AFP - 14 hours ago
    China pork firm scales down HK listing on volatility concerns

    Chinese pork producer WH Group has slashed a planned initial public offering in Hong Kong by almost two-thirds blaming concerns about the strength of the city's stock market, a report said Wednesday. The firm, which last year bought US giant Smithfield Foods in a landmark multi-billion-dollar deal, said this month it hoped to raise up to US$5.3 billion with a share sale and listing on April 30. It would have made it the biggest IPO globally in a year and Hong Kong's largest since US insurer AIA raised $20.5 billion in 2010. However, it now plans to raise up to US$1.88 billion and list on May 8, Dow Jones Newswires said, citing people close familiar with the situation.

  • These 3 small caps have moved into the buy zone The Motley Fool Australia - 16 hours ago

    The NASDAQ rout in the US took huge chunks out of the share prices of some pretty significant US tech stocks. Companies with little or no earnings, priced for growth, or without proven technologies behind the business saw sharp share price declines. The share prices of these three small-cap stocks have fallen sharply recently without any meaningful company-specific announcements. The share price has fallen from a high of 35 cents early in the year to 22 cents at the close on Friday, seemingly due to the US aversion to tech stocks.

  • Five9 Announces Exercise of the Underwriters' Option to Purchase Additional Shares GlobeNewswire - 18 hours ago

    SAN RAMON, Calif. -- Five9, Inc. announced today the underwriters of its initial public offering have exercised in full their option to purchase 1,500,000 shares of common stock from Five9 at a purchase ...

  • Einhorn: Bubble brewing, shorting momentum stocks CNBC - 20 hours ago
    Einhorn: Bubble brewing, shorting momentum stocks

    In a letter to investors David Einhorn of Greenlight Capital said he's witnessing a tech bubble and has bet against a number of momentum stocks.

  • Stocks to watch at close on Tuesday AAP - Tue, Apr 22, 2014 4:19 PM AEST

    Mining giant BHP Billiton has been given until 2016 to go ahead with the expansion at the Olympic Dam mine in South Australia.

  • 'China's Twitter' Chairman: We priced our IPO too low CNBC - Tue, Apr 22, 2014 12:30 PM AEST
    'China's Twitter' Chairman: We priced our IPO too low

    Following the stellar debut of Weibo, the company's chairman Charles Chao said that in retrospect the initial public offering was priced too low.

  • ChinaNet Online Holdings Receives Nasdaq Notification of Non-Compliance With Listing Rules GlobeNewswire - Mon, Apr 21, 2014 9:30 PM AEST

    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") ...

 

Company Finances

  • Emerging markets help Tupperware beat St. view Associated Press - 38 minutes ago

    Demand in emerging markets such as Turkey, China and South Africa helped Tupperware Brands Corp. post first-quarter results that beat Wall Street expectations, even as its net income fell 10 percent. The ...

  • Dr Pepper's profit rises on lower costs Associated Press - 54 minutes ago

    Dr Pepper Snapple on Wednesday reported a higher first-quarter profit that beat Wall Street expectations, as reduced costs offset weak sales growth. The company, which sells Sunkist, 7Up, Hawaiian Punch ...

  • Procter & Gamble 3Q net income up on cost cuts Associated Press - 58 minutes ago
    Procter & Gamble 3Q net income up on cost cuts

    Procter & Gamble Co.'s fiscal third-quarter net income rose 2 percent as it cut costs to offset sluggish sales in categories like beauty and family products. The world's largest consumer product maker's ...

  • Do Pass Go: Business Lessons From Monopoly Entrepreneur - 1 hour 21 minutes ago
    Do Pass Go: Business Lessons From Monopoly

    The game we all grew up playing actually provides great advice for entrepreneurs trying to figure out the startup world.

  • Keflezighi's Boston win a boost for shoe sponsor Associated Press - 1 hour 56 minutes ago
    Keflezighi's Boston win a boost for shoe sponsor

    The Boston Marathon champion crossed the finish line wearing sneakers from Skechers, not exactly a brand associated with sports. The company signed Meb Keflezighi three years ago hoping he could help legitimize ...

  • CTC Media and KupiVIP.ru Launched Own Brand of Women's Clothing 'Sweet Me' GlobeNewswire - 2 hours 2 minutes ago

    MOSCOW -- Russia's leading independent media company CTC Media and KupiVIP.ru (Private Trade, LLC), Russia's largest online retailer, announce the launch of an online shop "Sweet me", new women's ...

  • Reynolds American 1Q profit falls more than 28 pct Associated Press - 2 hours 20 minutes ago
    Reynolds American 1Q profit falls more than 28 pct

    Reynolds American Inc.'s first-quarter profit fell more than 28 percent as the company sold fewer cigarettes and spent more on expanding its electronic cigarette brand and legal costs. The nation's second-biggest ...

  • Procter & Gamble 3Q profit edges up, revenue slips Associated Press - 2 hours 21 minutes ago
    Procter & Gamble 3Q profit edges up, revenue slips

    Procter & Gamble Co.'s fiscal third-quarter net income rose 2 percent as it cut costs to offset sluggish sales in categories like beauty and family products. The world's largest consumer product maker's ...

  • How These 10 Marketing Campaigns Became Viral Hits Entrepreneur - 2 hours 51 minutes ago
    How These 10 Marketing Campaigns Became Viral Hits

    Any company can create word-of-mouth ad -- all it takes is a clever idea and skillful execution.

  • Tech boom presents new wrinkles for Wrigley Field Associated Press - 3 hours ago
    Tech boom presents new wrinkles for Wrigley Field

    During a recent game at Wrigley Field, John Weber was using a pencil and scorecard to expertly track the game between his hometown Cubs and the Pittsburgh Pirates. The 86-year-old retired transit worker ...