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Dec 18, 2011

NYT Breaking News: North Korean Leader Kim Jong Il, 69, Has Died.



SEOUL, South Korea (AP) — Kim Jong Il, North Korea's mercurial and enigmatic leader, has died. He was 69
.

Kim's death was announced Monday by state television from the North Korean capital, Pyongyang.

Kim is believed to have suffered a stroke in 2008 but appeared relatively vigorous in photos and video from recent trips to China and Russia and in numerous trips around the country carefully documented by state media.

The leader, reputed to have had a taste for cigars, cognac and gourmet cuisine, was believed to have had diabetes and heart disease.

The news came as North Korea prepared for a hereditary succession. Kim Jong Il inherited power after his father, revered North Korean founder Kim Il Sung, died in 1994.
In September 2010, Kim Jong Il unveiled his third son, the twenty-something Kim Jong Un, as his successor, putting him in high-ranking posts.

Smartcompany News and Analysis: SMEs target 15% sales growth in 2012: Survey, Myer shuts stores as rent battles heat up, SME credit vulnerable: Bank boss, Annual wealth awards

smart company logo image

Today on SmartCompany we bring you the results of our inaugural SmartCompany-WHK SME Directions survey, which was run during December and received over 600 responses. The results are fascinating. Despite the fact many respondents missed their profit and revenue targets in the last 12 months, SMEs are confident of posting strong revenue and profit growth in 2012, with 60% also expecting to hire. But as James Thomson explains in Entrepreneur Watch, the global and domestic economies are keeping many entrepreneurs up at night, leading to a clear focus on organic growth strategies.

As part of the survey, we asked respondents what they are planning to do to make 2012 a success. Survey sponsors WHK, Australia’s leading accounting and financial planning firm for SMEs, picked the best response and will offer Bronwyn Reid of 4T Consultants a business and financial planning session with one of their experts. You can download our free eBook, 10 Insights from the SmartCompany-WHK SME Directions Survey, by clicking here.

Property
Property: The best of the best for 2011
Where were Australia’s best performing property markets for the year? BY CAMERON KUSHER.
Property

Wealth
The best and worst in wealth for 2011
Throughout 2011 there have been plenty of highlights and quite a few lowlights in the world of the wealthy. BY JAMES THOMSON.
Wealth

Aunty B
Those Sydney-siders keep stroking me. Help!
Here is what you should do. Always let a Sydney-sider sit down first. Then position yourself as far from them as possible and definitely a good arm's lengths away.
Aunty B

Selling
Sue Barrett
LinkedIn is a great tool for researching and connecting with people and helps you forge genuine relationships based on substance and value. But it pays to be a little discerning.
Sue Barrett

Retail trends
Kevin Moore
It's been a tough year for a number of Australian retail sectors – which means it's been a tough year for manufacturers, suppliers, freight forwarders, clearing agents, recruiters and employees.
Kevin Moore

Digital Bottom Line
Brendan Lewis
A group of Scandinavian entrepreneurs have taught me some valuable lessons about launching a start-up.
Brendan Lewis

Entrepreneur Watch
James Thomson
The “worry list” from the inaugural SME Directions survey shows big picture issues are keeping entrepreneurs up at night.
James Thomson

Enterprise Leadership
Dennis Roberts
What might it look like to kick through your business goal?

Financial and Forex Info News | The Australian Business Briefing Update: Stocks tumble 2.1pc




 
Stocks tumble 2.1pc
Sarah Turner Australian shares fall sharply today, after a downgrade of Belgium and another gloomy retail sector update.
 
Billabong issues profit warning
Gavin Lower BILLABONG plans a strategic review after a slowdown in Christmas sales put the company on track for a first-half profit fall.
 
Eldorado in $2.4bn gold play
David Winning ELDORADO Gold has agreed a deal worth $2.4 billion to buy European Goldfields, creating a gold producer worth around $C11bn.
 
Move to delay Browse decision
Ross Kelly and Robb M Stewart THE Browse joint venture wants to delay a final investment decision on the massive, $31bn gas-export project until 2013.
 
Woolworths snaps up 31 hotels
Robb M. Stewart RETAILER Woolworths has expanded its portfolio with the acquisition of 31 hotels and a liquor store in New South Wales.
 
Europe crisis to hit home
Richard Gluyas THE retreat of capital-starved European banks from Australia could spell serious trouble next year for small to medium business.
 
Living and Leisure backs bid
Ross Kelly MERLIN Entertainments has made a $140 million bid for Living and Leisure Group Australia, which owns ski resorts and other assets.
 
China property prices cool
Owen Fletcher and Esther Fung CHINESE property prices declined for a second consecutive month, as Beijing's move to cool the red-hot market flows through.
 
Financial Markets
Stocks tumble 2.1pc
Sarah Turner Australian shares fall sharply today, after a downgrade of Belgium and another gloomy retail sector update.
 
Stocks tumble 2.1pc
Dollar flat ahead of EU talks
 
Financial Markets Coverage
 
Mining & Energy
Eldorado in $2.4bn gold play
David Winning ELDORADO Gold has agreed a deal worth $2.4 billion to buy European Goldfields, creating a gold producer worth around $C11bn.
 
Move to delay Browse decision
Macmahon ups debt facility