Govt's audit to be released next week

Govt's audit to be released next week

AAP Treasurer Joe Hockey will next week release the long-awaited commission of audit that is helping him frame his first budget. But Mr Hockey told a Sydney audience on Wednesday he will not automatically accept all the recommendations. The commission finds government spending has almost tripled in the past 40 years. Mr Hockey said the age pension is the largest program "by a fair margin" and a…

Australian Markets

  • Abu Dhabi Securities Exchange (ADX) Goes Live With New Trading Engine Powered by NASDAQ OMX GlobeNewswire - 1 hour 13 minutes 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 - 4 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 - 10 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 - 12 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 - 14 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 - 16 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") ...

  • Why Coca-Cola Amatil Limited could be a once in a generation opportunity The Motley Fool Australia - Mon, Apr 21, 2014 2:24 PM AEST

    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.

 

Company Finances

  • Toyota sells 2.58 million vehicles AAP - 2 hours 16 minutes ago
    Toyota sells 2.58 million vehicles

    Toyota has kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen. Toyota Motor said on Wednesday that it sold a record 2.583 million vehicles in the January-March period, putting the Japanese carmaker ahead of Detroit-based GM at 2.42 million and Volkswagen of Germany at 2.4 million. Toyota's first quarter sales rose by more than 6 per cent from the same period the previous year. GM's sales grew 2 per cent, while Volkswagen's added nearly 6 per cent.

  • Toyota sells 2.58 million vehicles, outselling GM Associated Press - 3 hours ago

    Toyota kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen. Toyota Motor Corp. said Wednesday that it sold a record 2.583 ...

  • McDonald's struggles worsen AAP - 4 hours ago

    McDonald's is fighting to hold onto customers in much of the world. After years of outperforming its rivals, McDonald's has been struggling to boost sales by positioning itself as a step up from traditional fast food in terms of quality, for a little extra money. Globally, McDonald's said earlier this year, sales have declined 0.3 per cent at locations open at least 13 months in February, and warned that its muted performance so far in 2014 could hurt first-quarter profit margins. McDonald's Corp executives acknowledge demands are changing when it comes to fast food.

  • Keflezighi's Boston win a boost for shoe sponsor Associated Press - 9 hours 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 ...

  • Advocates vow to revive Navajo junk-food tax Associated Press - 10 hours ago
    Advocates vow to revive Navajo junk-food tax

    Facing a high prevalence of diabetes, many American Indian tribes are returning to their roots with community and home gardens, cooking classes that incorporate traditional foods, and running programs ...

  • Final Glance: Food companies Associated Press - 12 hours ago

    Shares of some top food companies were mixed at the close of trading: ConAgra Foods Inc. rose $.05 or .2 percent, to $31.27. General Mills Inc. fell $.11 or .2 percent, to $52.19. Hormel Foods Corp. rose ...

  • Final Glance: Consumer companies Associated Press - 12 hours ago

    Shares of some top consumer companies were down at the close of trading: Clorox fell $1.05 or 1.2 percent, to $88.97. Colgate-Palmolive Co. fell $.48 or .7 percent, to $66.36. Kimberly-Clark Corp. fell ...

  • Final Glance: Tools and Appliances companies Associated Press - 12 hours ago

    Shares of some top tools and appliances companies were mixed at the close of trading: General Electric Co. fell $.01 or percent, to $26.58. Snap-On rose $.63 or .5 percent, to $117.00. Stanley Works rose ...

  • Final Glance: Autos companies Associated Press - 12 hours ago

    Shares of some top autos companies were mixed at the close of trading: Ford Motor Co. rose $.12 or .8 percent, to $16.10. General Motors Co. rose $.25 or .7 percent, to $34.23. Honda Motor Co. fell $.16 ...

  • Final Glance: Beverages companies Associated Press - 12 hours ago

    Shares of some top beverages companies were mixed at the close of trading: Anheuser-Busch Inbev ADR rose $.81 or .7 percent, to $109.72. Coca-Cola Co. fell $.04 or .1 percent, to $40.71. Dr Pepper Snapple ...