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| | | ... But ultimately, this will help clean the system of its excesses and perhaps serve as a lesson to humankind that debt, like fire, has a useful purpose but could also be destructive if it gets out of hand. And it has gotten out of hand. Last night, the ... |
| | | | Financial planning practices owners could be financially worse off in the future if they decide to lay off marketing staff in a bid to cut costs. Terry Bell, Business Health partner, said often the first cost cutting measures involve laying off marketing ... |
| | | | ... positive day today, which is really great to see," Mr Heffernan said. "Very strong commodity prices overnight have really set a fire under our resources stocks, and so they're the ones that have just powered through the roof." BHP Billiton rose $1.33 ... |
| | | | ... conditions well before the government guarantee was announced. "But when the guarantee came in, that just really added fuel to the fire and started to put pressure on the big funds, particularly the very conservative part of the market [like Perpetual ... |
| | | | Financial watchdog ASIC is suing accountancy firm KPMG over its auditing of companies in the Westpoint Group, a move that renews investor hopes to recover as much as $200 million lost when Westpoint collapsed. The action, taken on behalf of eight Westpoint ... |
| | | | Rising concerns that the $1 trillion investment bank bail-out breaches the US constitution are making it difficult for Congress to quickly approach the bill. At Senate Banking Committee hearings on Capitol Hill, Senator Christopher J Dodd, a Democrat ... |
| | | | Australian stocks were weaker at noon after US shares went into freefall overnight following New York investment bank Lehman Brothers' backruptcy, the firesale of Merrill Lynch and continuing rumours about the stability of American Insurance Group. ... |
| | | | ... went into a freefall on Monday over financial market uncertainty revolving around the Lehman Brothers bankruptcy and the fire sale of Merrill Lynch. At 0722 AEST, the Sydney Futures Exchange's September Share Price Index contract was 135 points lower ... |
| | | | ... place, retain an equity position and continue to oversee the day-to-day business. National Bank and Tokio Marine & Nichido Fire of Japan have elected to continue to participate with Credit Suisse in AMF's future growth and be represented on its board. ... |
| | | | ... recently did a report and from our point of view, firing a fund manager for poor performance is not a good idea. We'd rather fire them because they've lost good people." That's why one of the areas Stuart said has seen a higher turnover is where teams ... |
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