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Showing 351 - 357 of 357 results for "ASC"

Morning market wrap: US Shares up, Australian dollar slumps

US shares continued their ascent Tuesday, buoyed by a wave of merger and acquisition activity. Data storage company EMC Corp. announced the acquisition of Legato Systems Inc., while auto parts manufacturer ArvinMeritor Inc. launched a hostile cash bid ...

Midday market wrap: Australian shares open lower

Australian shares opened lower, following a night of losses on US markets. Major US indexes all finished lower as the Federal Reserve opted to cut the funds rate by 25 basis points, in contrast to 50 points expected by some investors. Local declines ...

Two company directors jailed: ASIC

The Australian Securities and Investments Commission (ASIC) announced today that two former directors of Acts Net have been sentenced to jail today following their guilty pleas to a number of charges brought by the commission. Geoffrey Milner of Mildura ...

Financial planners get chance to turn tables on media

Financial planners will be given a chance to turn the tables on the media by rating the industry's publications and the journalists who write them, Adviser Rating's David Child told the Financial Standard today. Child said that he is conducting a survey ...

Macquarie buys CFS Industrial Property Trust for $500 million

Macquarie Goodman has announced the $500 million acquisition of the Colonial First State Industrial Property Trust (CIT) from the Commonwealth Property Office Fund (CPA). Macquarie Goodman Industrial Trust (MGI) will pay $475 million for its interest ...

Midday market wrap: Market static ahead of weekend

The All Ordinaries index was little changed during the morning session with investors unprepared to take any major positions ahead of the weekend. Doubts on the exact progress of the war on Iraq were fuelling the uncertainty. Investors have been faced ...

APRA urges increase in DB funding as solvency levels fall

The Australian Prudential and Regulation Authority (APRA) is urging superannuation trustees and employers in Defined Benefit (DB) funds to increase their level of funding after finding that falling equity markets had decreased solvency rates. Although ...