Translate

Search This Blog

Search Tool




Apr 30, 2012

Smartcompany News and Analysis: Number of SMEs trading at a loss rises, ATO statistics show

smart company logo image

All eyes are peeled to the Reserve Bank today to see if it will cut the official interest rate. Analysts say it is a “no brainer” that the central bank will cut rates, but any reduction will not be a moment too soon with business confidence plummeting and a Perth mining company entering administration with 300 jobs on the line.

Also today we look at house prices, which fell 0.8% in April, and examine the new rules of website design. In Entrepreneur Watch, James Thomson is critical of the taxman after the ATO was cited as one of the main factors behind record insolvency numbers.

And don’t forget to take SmartCompany’s third annual Business Technology Survey, which will close soon. You can win a new iPad and register to get the key insights from what is already shaping up as a fascinating piece of research. Click here to take the survey.

Legal
Why employers can’t tolerate victimisation
Neglecting workplace laws can lead to messy and expensive problems for employers. BY PETER VITALE.
Features

Internet
The new rules of website design
A stark change in consumer behaviour has turned website design on its head. But are you playing by the new rules? BY NINA HENDY.
Features

Aunty B
How do I get a technophobic boss to buy computers?
The only way you’ll get through is by putting forward the business case. The bottom line is that the bottom line matters.
Aunty B

People problems
Eve Ash
Break the negativity cycle by first taking stock of where you’re at and then act.
Ask the Experts

Gen-Y Millionaire
Kirsty Dunphey
It’s often the little things that people do that count the most.
Smart Blogs

Brand
Michel Hogan
Turns out that even though there are lots of different one things we try to do in our organisations, there is one "one thing" that will positively impact all of them today, tomorrow and every day.
Smart Blogs

Entrepreneur Watch
James Thomson
The ATO was empathetic to SMEs during the GFC. Now it is one of the main factors behind record insolvency numbers.
Entrepreneur Watch

Financial And Forex Info | The Australian Business Briefing: Newspoll, rates and rorts





Newspoll, rates and rorts
Support for Labor has crashed to close to a record low, according to Newspoll, posing fresh questions for Julia Gillard's leadership.

First off: Labor now trails the Coalition 41 per cent to 59 per cent in two-party-preferred terms, while the government's primary vote has fallen to 27 per cent compared to the Coalition's primary vote of 51 per cent. Ms Gillard has dropped 3 per cent to 36 per cent in the preferred prime minister rating, trailling Tony Abbott who sits on 41 per cent (The Australian) (Newspoll tables).
The poll, which was taken before Ms Gillard distanced the government from MPs Craig Thomson and Peter Slipper , has made Labor MPs increasingly nervous (The Australian). Some MPs want the PM to consider quitting (Herald Sun); former defence minister Joel Fitzgibbon has abandoned the PM (Advertiser); the NSW Right is wavering (Daily Tele); and a Kevin Rudd-Bill Shorten ticket has been mooted ( Fin Review). The PM's senior cabinet ministers stood by her yesterday (The Age).
Ms Gillard is dividing her day between Sydney and Canberra. The PM has a series of meetings scheduled for the day ahead, but not public appearances planned after yesterday promising to bring forward the launch of
Read more...
Mumble
Peter Brent
Peter Brent
It might get weird
Yesterday, as word got around of MP Craig Thomson’s upcoming press conference to announce his move from Labor ranks to the cross benches, emotions escalated…
More Peter Brent

SEC | Reports: Report On Foreign Portfolio Holdings Of U.S. Securities



U.S. Department of the Treasury Logo




Securities (c), Cross-Border Portfolio Holdings

PART A: Foreign Portfolio Holdings of U.S. Securities
-- (4-30-2012) Historical data from the surveys during 1974-2010 are available showing the market value of foreign portfolio holdings of U.S. securities by country and by type of security. (Also in csv and tab-delimited text files.) (04-30-2012)
  1. (4-30-2012) Foreign Portfolio Holdings of U.S. Securities as of 6/30/2011 (PDF). This report presents the findings of the annual survey as of June 30, 2011. It includes comparisons with the results of previous benchmark surveys since 2004.
    -- The appendix tables (mht file) can be downloaded and opened with a spreadsheet program. (Note: If file opens in text, then closing & reopening may help.)
    -- There was a press release dated 04/30/2012.
  2. Foreign Portfolio Holdings of U.S. Securities as of 6/30/2010 (PDF). This report presents the findings of the annual survey as of June 30, 2010. It includes comparisons with the results of previous benchmark surveys since 2003.
    -- The appendix tables (mht file) can be downloaded and opened with a spreadsheet program. (Note: If file opens in text, then closing & reopening may help.)
    -- There was a press release dated 04/29/2011.
  3. Foreign Portfolio Holdings of U.S. Securities as of 6/30/2009 (PDF) (4-30-2010; table 2 revised 5-13-2010). This report presents the findings of the annual survey as of June 30, 2009. It includes comparisons with the results of previous benchmark surveys since 2002.
    -- The appendix tables (mht file) can be downloaded and opened into a spreadsheet program. (Note: If file opens in text, then closing & reopening may help.)
    -- There was a press release dated 04/30/2010.
  4. Foreign Portfolio Holdings of U.S. Securities as of 6/30/2008 (PDF) (4-30-09; 11-18-09 small corrections made to percentages shown in table 2; 9-20-10 totals corrected in table 24 on page 54). This report presents the findings of the annual survey as of June 30, 2008. It includes comparisons with the results of previous benchmark surveys since 2000.
    -- The appendix tables (mht file) can be downloaded and opened into a spreadsheet program.
    -- There was a press release dated 04/30/2009.
  5. Foreign Portfolio Holdings of U.S. Securities as of 6/30/2007 (PDF) . Press release was dated 04/30/2008.
  6. Foreign Portfolio Holdings of U.S. Securities as of 6/30/2006 (PDF) . Press release was dated 05/31/2007.
  7. Foreign Portfolio Holdings of U.S. Securities as of 6/30/2005 (PDF) . Press release was dated 06/30/2006.
  8. Foreign Portfolio Holdings of U.S. Securities as of 6/30/2004 (PDF) . Press release was dated 06/30/2005.
  9. Foreign Portfolio Holdings of U.S. Securities as of 6/30/2003 (PDF) .
  10. Foreign Portfolio Holdings of U.S. Securities as of 6/30/2002 (PDF) .
  11. Foreign Portfolio Holdings of U.S. Long-Term Securities as of 3/31/2000 (PDF) . This report presents the findings of the benchmark survey as of March 31, 2000. Chapter 3 presents selected estimates for end-2001.
  12. Foreign Portfolio Investment in the United States - 12/31/97. This report summarizes the findings of the benchmark survey as of December 31, 1994. It includes estimates for several aggregates as of end-1997.

PART B: U.S. Portfolio Holdings of Foreign Securities
-- (10-31-2011) Historical data from the surveys during 1994-2010 are available showing the market value of U.S. portfolio holdings of foreign securities by country and by type of security. (Also in csv and tab-delimited text files.)
  1. NEW (10-31-2011). U.S. Portfolio Holdings of Foreign Securities at End-year 2010 (PDF) . This final report presents the findings of the annual survey as of December 31, 2010. The appendix tables can be downloaded and opened into a spreadsheet program. There was a Press Release dated 10/31/2011
  2. U.S. Portfolio Holdings of Foreign Securities at End-year 2009 (PDF) . This final report presents the findings of the annual survey as of December 31, 2009. The appendix tables can be downloaded and opened into a spreadsheet program. There was a Press Release dated 10/29/2010
  3. U.S. Portfolio Holdings of Foreign Securities at End-year 2008 (PDF). This final report presents the findings of the annual survey as of December 31, 2008. The appendix tables can be downloaded and opened into a spreadsheet program. There was a Press Release dated 10/30/2009.
  4. U.S. Portfolio Holdings of Foreign Securities at End-year 2007 (PDF) . The appendix tables can be downloaded and opened into a spreadsheet program. There was a Press Release dated 10/31/2008.
  5. U.S. Portfolio Holdings of Foreign Securities at End-year 2006 (PDF) . There was a Press Release dated 11/30/2007.
  6. U.S. Portfolio Holdings of Foreign Securities at End-year 2005 (PDF) . There was a Press Release dated 12/29/2006.
  7. U.S. Portfolio Holdings of Foreign Securities at End-Year 2004 (PDF) . There was a Press Release dated 12/30/2005.
  8. U.S. Portfolio Holdings of Foreign Securities at End-Year 2003 (PDF) . There was a Press Release dated 03/31/2005.
  9. U.S. Portfolio Holdings of Foreign Securities as of 12/31/2001 (PDF) (5/3/2003).
    Section B: Instructions and Forms (PDF) (9/26/2001). This report presents the findings of the benchmark survey as of December 31, 2001. This survey includes, for the first time, holdings of short-term foreign securities.
  10. U.S. Portfolio Holdings of Foreign Long-Term Securities - 12/31/97 & 12/31/99 (HTML) or (PDF).
    This report presents the findings of the benchmark survey as of December 31, 1997. It includes some comparisons with the results of the previous survey as of March 31, 1994. Chapter 2 presents selected estimates for end-1999.

Reference - recommended 1. Understanding U.S. Cross-Border Securities Data (PDF) . From the Federal Reserve Bulletin, 2006, Board of Governors of the Federal Reserve System. This article is recommended reading for all users of the various TIC data related to cross-border securities.
-- The previous article was Recent Developments in Cross-Border Investment in Securities (PDF) . From the Federal Reserve Bulletin, Winter 2004, Board of Governors of the Federal Reserve System.
2. The U.S. System for Measuring Cross-Border Investment in Securities (PDF) .
This is the first of this series of articles. Portions of this 2001 article have been updated in the more recent articles mentioned in 1 above. However, if the articles in 1 above do not address your questions, look at this article which explains the inter-relationships of the monthly transactions data with those collected by the Foreign Portfolio Investment Benchmark Surveys, discusses the strengths and weaknesses of the two data collection systems, and gives valuable advice to those using data from both systems to construct ongoing estimates of cross-border securities holdings. From the Federal Reserve

Bulletin, October 2001, Board of Governors of the Federal Reserve System

MarketWatch | Personal Finance Daily: 3 questions for thrifty fund investors



By MarketWatch 

Don’t miss these top stories:
There’s some optimism that homeowners might return to long-delayed remodeling projects this year. As long as the real-estate market remains in the dumps, it’s possible some people will choose to just stay put and fix up rather than try to move up. At least, that’s certainly what the home-improvement industry hopes. Amy Hoak reports from the recent Kitchen and Bath industry show in Chicago; take a look at our slide show on some of the top new looks and gadgets.
Also don’t miss Chuck Jaffe’s column: He’s got three important questions thrifty fund investors should be asking to help them pay less and profit more.
Anne Stanley , managing editor, Personal Finance

REAL ESTATE

The top new looks for your kitchens and baths

With consumer confidence inching up, some predict that homeowners might finally revisit remodeling projects this year — and there’s a good chance that kitchens and bathrooms will be topping their lists. If you’re planning a remodel or are just dreaming of one, check out these products showcased at the Kitchen & Bath Industry Show, held recently in Chicago.
Read more: The top new looks for your kitchens and baths.

Condo owners face rental hurdles

Some homeowner-association rules pit frustrated owners interested in getting the most money out of their property against associations looking out for the overall stability of the community.
Read more: Condo owners face rental hurdles.

SPENDING & SAVING

2013 Dodge Dart

Dodge revives a venerable badge, and the new Dart makes an excellent first impression.
Read more: 2013 Dodge Dart.

NYT Afternoon Business News: Hitachi-LG Exec to Plead Guilty to Price Fixing: U.S




Latest Business News

Hitachi-LG Exec to Plead Guilty to Price Fixing: U.S.
Groupon Reshuffles Board After Accounting Missteps
RIM May Lose More Ground in Smartphone Market: Analyst

DealBooK | DealB%K Afternoon Edition: Barnes & Noble's Nook Unit Is Worth More Than Its Parent Company



Monday, April 30, 2012


TOP STORY
Barnes & Noble's Nook Unit Is Worth More Than Its Parent Company
Barnes & Noble's Nook Unit Is Worth More Than Its Parent Company Microsoft's investment in Barnes & Noble's Nook division makes the unit worth $1.7 billion, or nearly double what Barnes & Noble's entire market capitalization was on Friday.
Microsoft to Take Stake in Barnes & Noble's Nook Microsoft announced on Monday that it would invest $300 million in the Nook division for a 17.6 percent stake.
Barnes & Noble Shares Leap on News of Microsoft Deal The hedge fund Jana Partners and the billionaire Ronald Burkle are among the big winners as shares of Barnes & Noble surge on the Nook news.
TimesCast: Microsoft's Deal Spurs E-Book Market Michael J. de la Merced and Gregory Cowles discuss the impact of Microsoft's $300 million investment in Barnes & Noble's Nook unit.
  • DEALBOOK »
  •  
    DEALBOOK HIGHLIGHTS
    Another View: How Elite Colleges Still Feed Wall Street's Recruiting Machine Laura Newland, a graduate of Duke University, says that until we address what is drawing students to investment banking, the brain drain to Wall Street won't change, and Wall Street won't, either.
    White Collar Watch: Taking Aim at the Foreign Corrupt Practices Act Peter J. Henning says that though business groups are pushing for changes in the Foreign Corrupt Practices Act, recent scandals may put legislative efforts to change it on the back burner.
    Milken Conference Kicks Off With Panel on Global Growth Representatives from Wall Street, including Vikram Pandit of Citigroup and Leon Black of Apollo Global Management, are planning to attend what has become a West Coast Davos.
    From Fighter Jets to Finance: Topgun Lessons for Wall Street Lt. Cmdr. Jeffery Lay's new book, "Topgun on Wall Street," is equal parts war memoir and Jack Welch-style business manifesto.
    Milken Panel Asks: Where Are the Deals? The panel's conversation at the Milken Institute Global Conference sounded, at times, like a murder mystery, with all four panelists trying to answer one perplexing riddle: Now that the markets have recovered, why aren't more mergers and acquisitions being done?
    Financial Regulator Hires Diversity Monitor The Consumer Financial Protection Bureau has hired a director for its Office of Minority and Women Inclusion. The unit will focus on promoting diversity at the bureau and at the financial firms it oversees.
    Warner Chilcott Says It Is in Preliminary Sale Talks The pharmaceutical company confirms recent market speculation by saying that it is exploring strategic alternatives, including potential offers.
    Hong Kong Exchange Shows Interest in London Metal Exchange Hong Kong Exchanges and Clearing has confirmed it is considering a bid for the London Metal Exchange, joining NYSE Euronext and IntercontinentalExchange in the chase.
    Hologic Agrees to Buy Gen-Probe for $3.72 Billion The all-cash deal will allow Hologic to expand its growing diagnostics products and services business.
    After Criticism, Aviva Chief Forgoes Pay Increase Aviva joins numerous other companies that have faced criticism recently about how much top executives are paid relative to shareholder returns and the overall performance.
    Energy Transfer to Buy Sunoco for $5.3 Billion Energy Transfer agreed to buy the energy transportation and distribution company Sunoco for $5.3 billion, marking the latest deal in America's fast-expanding oil and natural gas industry.
    Terra Firma to Buy Nursing Home Firm for $1.3 Billion The private equity firm has agreed to buy the British nursing home operator Four Seasons Health Care for up to $1.3 billion.
    LOOKING AHEAD
    Economic Reports Data released on Tuesday will include the I.S.M. manufacturing index for April and construction spending for March.
    Corporate Earnings Companies reporting on Tuesday will include Archer Daniels Midland, Avon Products, Biogen Idec, Pfizer, Sirius XM Radio, CBS, Chesapeake Energy.
    In the United States President Obama is meeting with Prime Minister Yoshihiko Noda of Japan through Wednesday.

    automakers will report North American sales for April on Tuesday.
    DealBook Video
    Business Day Live: How Apple Sidesteps Billions in Taxes
    Business Day Live: How Apple Sidesteps Billions in Taxes Charles Duhigg and David Kocieniewski answer questions and respond to reader comments about Apple's efforts to minimize its taxes.

  •  
  •  

Risk seen as Obama takes credit for bin Laden killing: The Washington Post | Politics Afternoon Edition

The Washington Post

Politics Afternoon Edition

HEADLINES

  1. Risk seen as Obama takes credit for bin Laden killing

    Analysts say focus on president's role in killing hurts his vow to end partisanship.
    » Read full article
  2. Advocate for blind lawyer says U.S., China are working on asylum deal

    U.S. diplomats have met with officials at the Chinese Foreign Ministry to try to hammer out an agreement on what to do about the blind activist lawyer Chen Guangcheng, a confidant of Chen’s said.
    » Read full article
  3. Highlights from the White House Correspondents’ weekend

    RELIABLE SOURCE | The dinner. The after-parties. The preening. Which stars came to Washington?
    » Read full article
  4. Editor Ben Bradlee doubted details in Watergate book, associate claims

    Journalist Bob Woodward calls associate’s portrayal of their discussion a “dishonest distortion.”
    » Read full article
  5. Obama and Bill Clinton: BFF?

    THE FIX | The one-time rivals seem to have forged a mutually beneficial relationship.
    » Read full article

MULTIMEDIA


Video: President Obama gets laughs at the White House Correspondents Dinner
President Obama’s speech at the White House Correspondents’ Dinner speech was a balance of self-deprecating humor and zingers for his opponents. Some of the night’s biggest laughs went to Obama’s jokes about the Secret Service scandal, and dogs: Both the one that Mitt Romney put on top of his car, and the one that Obama, long ago, ate.

CBS NEWS | Political Hotsheet Top Stories:

http://www.cnet.com/i/nl/s/e886_email-header.jpg

CBS POLITICAL HOTSHEET TOP STORIES    



   
Ahead of one year anniversary of death of bin Laden, John Brennan says drones just only used when other options are exhausted
Read full story
Obama adviser defends use of drones in Pakistan

Obama: I'm not spiking ball over bin Laden death President says his campaign is justified in suggesting Mitt Romney would not have authorized mission to kill terrorist leader

Ayotte, possible VP pick, appears with Romney Former New Hampshire governor John Sununu talks up first-term senator's chances

Obama: We always bring up human rights with China President declines to comment on whereabouts of Chinese activist Chen Guangcheng

Warren blasts Brown for Amid Brown's calls for Warren to "come clean" about listing Native American status on forms, her campaign decries suggestion that she was unqualified for job

Stocks and Markets in the News | Wall Street at Close: U.S. stocks cap worst month so far this year

  By Kate Gibson

NEW YORK (MarketWatch) -- U.S. stocks on Monday pulled mostly lower for April, but the Dow industrials managed to score a 0.01% monthly gain to extend its run into a seventh month, its longest such stretch since Jan. 31, 2007. The benchmark indexes all fell on the day as a weak reading of business activity in Chicago prompted concern about the economy. "We did not get off to a good start with the weak Chicago PMI number," said David Rolfe, chief investment officer of Wedgewood Partners. The Dow DJIA -0.11% fell 14.68 points, or 0.1%, to end at 13,213.63. The S&P 500 Index SPX -0.39% fell 5.45 points, or 0.4%, to 1,397.91, down 0.8% for April after four consecutive months of gains. The Nasdaq Composite COMP -0.74% retreated 22.84 points, or 0.7%, to 3,046.36, down 0.8% for April, its first monthly loss in four.

The Economist | Selected New Articles: China, Sarkophobia and Mitt Romne



Analects: Two's a crowd
There was more than enough tension in Beijing even before Chen Guangcheng's escape
read more »
Elysée: The rise of Sarkophobia
The recent level of anti-Sarkozy feeling in the French media is unprecedented
read more »
Banyan: Waiting for the warhead
Going on North Korea's past form, a detonation is due
read more »

Democracy in America: Fair's fair
Mitt Romney's claims about fairness point to an honest philosophical disagreement
read more »

Newsbook: But on the whole it stinks
Reflections on the Royal Society's new report examining how the planet can support 9 billion people
read more »
Baobab: Hard graft
An unusual conviction for corruption for a Nigerian politician
read more »
 
Schumpeter: The power of Bobtimism
The mood at Barclays' annual general meeting was less electric than expected
read more »
Johnson: Useful, yes. But mandatory?
English should be encouraged, not forced, upon employees of multinational companies
read more »

CMI | NY Trading - Spot Prices at Close,


CMI Gold & Silver

  Today Change Week Ago Month Ago Year Ago
Gold $1,664.40 -$0.40 $1,632.40 $1,670.30 $1,557.00
Silver $30.98 -$0.43 $30.61 $32.51 $48.55
Platinum $1,572.90 -$6.00 $1,558.80 $1,648.50 $1,869.60
Palladium $684.50 +$0.60 $674.60 $656.70 $795.10

BIV Business Today News | Canadian banks got $114b “secret bailout” in financial crisis

Business in Vancouver Today

Canadian banks got $114b “secret bailout” in financial crisis

Monday, 30 April 2012 08:54
Scotiabank branchA Canadian Centre for Policy Alternatives (CCPA) study released today estimates previously undisclosed support for Canadian banks reached $114 billion during the financial crisis.
 

Run of River lowers losses for 2011

Monday, 30 April 2012 08:51
Run of riverRun of River Power Inc. (TSX-V:ROR) reduced its net loss in 2011 by $4.4 million over 2010, according to the company’s annual financial report.
 

Richmond signs sister city agreement with Xiamen, China

Monday, 30 April 2012 08:48
Richmond delegation to XiamenRichmond’s already strong ties with China got even stronger Friday with the signing of a sister city agreement with Xiamen.


 

Surrey receives top marks for budgeting practices

Monday, 30 April 2012 08:44
City of SurreyThe C.D. Howe Institute has given the City of Surrey an ‘A’ in budget reporting, according to Holding Canada’s Cities to Account: An Assessment of Municipal Fiscal Management.
 

New broadband service offers alternative to fibre

Monday, 30 April 2012 08:41
Internet cableSmall and medium-sized businesses in Vancouver that need more Internet bandwidth but can’t afford to upgrade to high-speed fibre optics have a new option.
 

Canadian retailers confident in year ahead: report

Monday, 30 April 2012 08:35
Retail purchase with credit cardFinancial optimism dominates the outlooks of most Canadian retailers, according to the inaugural Canadian Retail Insights Report, a study conducted on behalf of American Express Canada.