Tagged: ABC

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Jobs increase record sees unemployment slashed

By Michael Janda Looking through the volatility of the seasonally adjusted figures, the more stable trend data shows unemployment rising from 6. 1 per cent in July to 6. 2 per cent last month,...

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Abbott locks in funding for Cadbury tourism precinct

The Prime Minster has guaranteed a $16 million Federal Government grant for a tourism development at Cadbury’s Hobart factory. Photo: Before the federal election, Tony Abbott promised the Cadbury chocolate factory $16 million. Corporate...

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Myer shares slump: Brookes can’t gloss-over profit slide

By Ian Verrender The department store’s stock went into freefall in early trade, shedding 8. 7 per cent to $2. 25, after unveiling a 22. 6 per cent drop in earnings to $98. 5...

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Unemployment rate expected to ease from 12-year high

By Simon Frazer Analysts expect the unemployment rate to improve slightly, but still remain worryingly high, when official figures are released today. Despite that, 25 of 28 analysts surveyed by Bloomberg believe the unemployment...

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Labor to dump East West Link if elected

Photo: Victorian Opposition Leader Daniel Andrews said the East West Link project could be scrapped if Labor wins the state election in November. Melbourne’s controversial East West Link toll road project could be scrapped...

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Apple shares jump leading Wall St higher

By Elysse Morgan Wall Street rose, helped by a recovery in Apple shares after an initially lukewarm reception to its new devices. Apple shares rose 3. 1 per cent, the biggest rise since April,...

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Swiss watch makers deny Apple threatens their product

Investors have singled out diversified industry heavyweight Swatch Group, which makes 20 per cent of its sales in the low- and mid-priced ranges, as most at risk. Swatch shares traded 2. 5 per cent...

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Caterpillar delays layoffs from Burnie plant to mid-2015

Late last year the US-based company announced it would move the production of some mining equipment from Burnie to Thailand, and that 200 jobs would have to be shed by the end of this...

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Labor outlines plan for stripping Treasury of forecasts

By Lyndal Curtis Mr Bowen will tell the National Press Club that the Coalition’s attempts to “circumvent the Charter of Budget Honesty” has been a spur to Labor considering new ways of providing transparent...