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Business News / Afternoon Edition
Business News       Markets       Quotes       Money       Innovations       Small Business       Executive Style
Wednesday, 19 December 2007
Vultures await sell-off Centro Shopping Center The vultures started circling Centro Properties Group yesterday as investors fled the failing company.  
All Ordinaries at 3:43 PM EST, 19 Dec 2007 6279.4- 13.2(- 0.21) Charts & index detail | Top Movers | More indices
Around the market at 3:43 PM EST, 19 Dec 2007
Nasdaq 2029.49 + 8.69 + 0.43%
CAC 2029.49 + 8.69 + 0.43%
Hang Seng 26993.79 + 260.92 + 0.98%
NZX 3939.73 + 13.62 + 0.35%
More market data, foreign exchange, share prices
Business Update More Business
Storms batter IAG earnings guidance IAG CEO Michael Hawker IAG had downgraded its full year insurance margin guidance to between nine and 11 per cent, due to the impact of recent storms in NSW.

ASIC takes action against ex-AWB execs AWB The corporate watchdog has launched legal action against six former directors and officers of the disgraced wheat exporter, AWB.

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Market News More Market News
ASX: Bargain hunters lift market at noon The Australian stock market was up marginally at midday as bargain hunters picked up a positive lead from Wall Street. IBM, Microsoft lift Wall St US stocks rise as investors buy beaten-down shares of technology bellwethers IBM and Microsoft on hopes the tech sector would weather the impact of a credit crisis. Dollar back above 86 US cents at noon The Australian dollar was stronger at noon, punching back through the 86 US cents mark, as investor confidence returned after European Central Bank (ECB) injected funds into global money markets overnight.
Columnists More Columnists
Malcolm Maiden: Answer me this... Malcolm Maiden Many questions about Centro remain unanswered. Xchange: Here come the holidays Xchange The strong dollar is sending more Australians abroad.
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  1. CNP - CENTRO PROPERTIES GROUP.
  2. BHP - BHP BILLITON LIMITED
  3. CBA - COMMONWEALTH BANK OF AUSTRALIA.
  4. IAG - INSURANCE AUSTRALIA GROUP LIMITED
  5. NAB - NATIONAL AUSTRALIA BANK LIMITED
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Today's Top 5 Business Articles
  1. Centro vultures await sell-off
  2. Tiger roars with order for 20 p***s
  3. Spooked investors demand see-through stocks
  4. Questions to go with the squeeze
  5. Storms batter IAG earnings guidance

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