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Dec 21, 2011

Financial and Forex Info News | The Australian Business Briefing Update: Kathmandu in profit warning




 
Kathmandu in profit warning
David Winning KATHMANDU says first-half earnings would be below the same period last year, in the latest profit warning from the retail sector.
 
Banks snap up cheap ECB loans
David Enrich HUNDREDS of eurozone lenders took €489.19 billion in cheap loans from the ECB to support struggling banks and economic growth.
 
OneSteel to take $150m charge
Rebecca Thurlow ONESTEEL will write down the value of its LiteSteel Technologies business due to weak construction activity and uncertainty.
 
Shares down as retail is hit
STOCKS were stuck in negative territory this afternoon as retail took a hit and the eurozone crisis continued to fray confidence.
 
Asciano in Rio coal-haul deal
David Winning ASCIANO has entered a 10-year contract to haul 8.5 million tonnes of coal annually from two Queensland mines owned by Rio Tinto.
 
Macquarie buys waste firm
Nathalie Tadena WCA Waste Corp will be acquired by a fund managed by Macquarie, valuing the waste-management company at about $US154.1 million.
 
Honda revs up outside Japan
Mike Ramsey and Neal E Boudette HONDA plans to boost manufacturing in North America to combat a strong yen that has made Japanese cars too dear to export.
 
Microsoft, Nokia flirt with RIM
Will Connors, Joann S. Lublin and Anupreeta Das MICROSOFT and Nokia in recent months flirted with the idea of making a joint bid for Research In Motion, according to people familiar with the matter.
 
Financial Markets
Shares down as retail is hit
STOCKS were stuck in negative territory this afternoon as retail took a hit and the eurozone crisis continued to fray confidence.
 
Stocks fall, Kathmandu plunges
Wall St flat as banks rush ECB
 
Financial Markets Coverage
 
Mining & Energy
Asciano in Rio coal-haul deal
David Winning ASCIANO has entered a 10-year contract to haul 8.5 million tonnes of coal annually from two Queensland mines owned by Rio Tinto.
 
Copper pares gains on bank fears
Spotless approach may become template
 
More Mining & Energy
 

Smartcompany news and Analysis: Best and worst awards for 2011, Retail rents to fall slowly, Expert disputes housing shortage claims, Retail chain

smart company logo image

Today on SmartCompany we’ve got our annual best and worst awards, which take a light hearted look at what has been a huge year for the SME community – Steve Jobs, Gerry Harvey and Zara all get gongs, but there are plenty of surprises too.

We also look at whether retail rents will fall in 2012 as the sector remains under pressure, examine the looming public holiday chaos ahead at Christmas and look at retail chain Gasp’s “apology” over its customer service controversy. Plus in Entrepreneur Watch, James Thomson looks at how the US tech bubble has gently deflated.

Today we’ve also got a special Christmas gift for our loyal readers – our annual free summer eBook. This year we’ve collected 50 gems from Australia’s top SME entrepreneurs from our interviews and stories throughout the year. It’s something we know will get you thinking over Christmas, so don’t miss it.

Economy
The best and worst of 2011
Nerds lost their leader, a sexy Spaniard entered Australian retail, Qantas chose to ground its planes and Gerry Harvey finally caught up with the rest of the world. BY MADELEINE HEFFERNAN & PATRICK STAFFORD.
Norman Ross

Leadership
10 management lessons from 2011
It’s never an easy year to be a manager. However, while it’s unlikely many people expected to get to the end of 2011 painlessly, there would be even fewer who expected the year to be as volatile as it was. BY CALEB SAMSON.
Learn 2011

Aunty B
Aunty B, I’ve got another toilet problem I need your help with
Look, you need a bit of humour to defuse these sticky situations. Here's what to do.
Aunty B

IT Systems
David Markus
When judging the best support solution for your business, examine cost and quality above all else.
David Markus

IT Means Business
Dave Stevens
Thankfully, there are new technologies (and more in the pipeline) that will help you to get a handle on social media. Here are four to investigate.
Dave Stevens

Business Tech Talk
Paul Wallbank
Sick of hearing about cloud computing? There's more to come next year.
Paul Wallbank

Entrepreneur Watch
James Thomson
Fears of a tech bubble rose at the start of the year, but have fallen – along with company valuations.
James Thomson

Internet secrets
Craig Reardon
If you must work over Christmas, toss these online ideas around.