QBE forecasting 30pct dividend payout rise

QBE forecasting 30pct dividend payout rise

AAP QBE is promising its shareholders a 30 per cent dividend increase as the insurance giant recovers from a horror seven-year stretch. Its share price had plummeted by 70 per cent as troubles during the global financial crisis forced it to write off assets. This will also see QBE review its dividend payout policy, which could see shareholders handsomely rewarded over the full year. "A delivery…

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  • Getty oil heir's death latest in string of family tragedies Associated Press - 2 hours 6 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 ...

  • Aussies jumping online for toys and games AAP - 4 hours ago
    Aussies jumping online for toys and games

    More shoppers are going online to buy electronic games and toys. Electronic games and toys reported the biggest jump in online sales growth in February, despite only representing three per cent of online sales, the National Australia Bank says. Overall spending online jumped 1.7 per cent in February, the National Australia Bank's online retail sales index has found. NAB says Australians spent about $16.7 billion on online retail in the 12 months to February.

  • Labor issues to pressure McDonald's despite pay bump Associated Press - 5 hours ago
    Labor issues to pressure McDonald's despite pay bump

    A pay bump for workers at some McDonald's restaurants isn't likely to ease the pressures the chain is facing over labor issues. McDonald's said Wednesday it would raise pay for workers at its company-owned ...

  • McDonald's: Workers to get pay hikes at company-owned stores Associated Press - 8 hours 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 - 9 hours 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 - 11 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 - 11 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 - 11 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 - 11 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 - 11 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 ...