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Market Wrap - Midday

AAP  |  TUESDAY, 22 JUL 2008
... meet analysts' third-quarter earnings expectations, while Apple delivered solid third-quarter results but warned that the next quarter could be significantly weaker. The Dow Jones Industrial Average closed down 29.23 points, or 0.25 per cent, at 1,467.34 ...

TOWER's business set to soar

RUTH LIEW  |  TUESDAY, 22 JUL 2008
... credit analyst Thomas Cherian. "The improvements boost the rating outlook to positive, reflecting a possible upgrade in the next 12 months. Factors which will influence a rating upgrade are evidence of the improved business and operational metrics translating ...

Quiet Market Activity

BENJAMIN ONG  |  TUESDAY, 22 JUL 2008
... leading index fell to 0.1 percent in June, matching the markets' expectations. This is consistent with weak US growth over the next six to nine months. The May reading was revised from a gain of 0.1 percent to a decline of 0.2 percent. Six of the index' ...

Energy investments surge

ALEX DUNNIN  |  MONDAY, 21 JUL 2008
... Asset Management and Virgin Money. The IEA predicts US$20 trillion will be invested into alternative energy projects over the next 22 years.

None the wiser, all the poorer

MICHELLE BALTAZAR  |  FRIDAY, 18 JUL 2008
... yet another survey shows that three in four Australians are expecting their superannuation balance to be higher on their next statement. Mercer's Super Sentiment Index has found that 72 per cent of 1,000 people surveyed last month expect to be richer ...

Garvan FP practice gains SAI approval

MICHAEL HOBBS  |  FRIDAY, 18 JUL 2008
... Endorsed Company program, a standard identifiable by its five ticks brand. MLC took the debate on quality of advice to the next level when it signed a partnership with SAI Global to run an audit on the administration and operations of its 30 aligned ...

Westpac restructures fin services and tech

MICHELLE BALTAZAR  |  THURSDAY, 17 JUL 2008
... goal of earning all of their business", from home loan and personal finance to credit card and savings accounts. Starting next week, there will be three new divisions: Westpac retail and business banking; products and operations; and technology. The ...

Smaller funds to plateau

RUTH LIEW  |  THURSDAY, 17 JUL 2008
... under the $200 million threshold are expected to wither off until the industry consists of between 50 to 100 players in the next five years. Unsurprisingly super funds, particularly corporate funds in the $100 to $200 million bracket, are increasingly ...

Inflation outlook dim

BENJAMIN ONG  |  THURSDAY, 17 JUL 2008
... the cash rate to a 12-year high of 7.25 percent, appears to be sufficient in bringing down inflation. Australia will get next update on inflation, when the Australian Bureau of Statistics releases the June quarter CPI report June next week. Speaking ...

Fed Gloom

BENJAMIN ONG  |  WEDNESDAY, 16 JUL 2008
... financial markets and many firms are "under considerable stress" and that it expects consumer spending will be "restrained" into next year. While the Fed is concerned with slowing growth, it is also worried about elevated inflation, stressing that it ...