Friday, May 13, 2016

Snags not chocolate get fed millions and other top stories.

  • Snags not chocolate get fed millions

    Snags not chocolate get fed millions
    Snags not chocolate get fed millionsBy Andrew DrummondAAPMay 13, 2016 1:28PMSavePrint A gourmet sausage-maker is among the Tasmanian businesses to share in a state- and federal-funded $24 million jobs package that is forecast to generate almost 800 new positions across the island.Liberal governments in Canberra and Hobart on Friday announced that 56 businesses, including smallgoods company Wursthaus, have been granted support under the scheme which is designed to generate economic growth across..
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  • Australia's love affair with tech IPOs is about to be tested

    Australia's love affair with tech IPOs is about to be tested
    Opinion Redbubble CEO Martin Hosking is getting advice on the company's ASX listing; other early stage tech companies will find it harder to get on the boards. Photo: Pat Scala It's not a particularly big raising, nor an especially valuable company. But the debut of online design marketplace Redbubble on the ASX next week is shaping up to be surprisingly significant. The deal – Redbubble is seeking to raise about $40 million at a valuation just shy of $300 m..
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  • ASX stumbles, but still extends rally for fifth week

    ASX stumbles, but still extends rally for fifth week
    The benchmark S&P/ASX 200 Index slipped 0.56 per cent on Friday to 5329.0 points, but posted a gain of 0.6 per cent for the week, thanks to some strong gains up to Wednesday that briefly took the index to a nine-month high above 5400. Photo: Artiom Muhaciov Despite ending lower on Friday, Australian shares rose for a fifth straight week, though shaky commodity prices have investors shying from a critical 5400 point breakthrough level. The benchmark S&P/ASX 20..
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  • Court bars CFMEU paying official's fine in bid to stop union's lawlessness

    Court bars CFMEU paying official's fine in bid to stop union's lawlessness
    The CFMEU has been banned from paying $18,000 penalty imposed on one of its officials. Peter Braig The Federal Court has taken the unusual step of banning the construction union from paying an $18,000 penalty imposed on one of its officials to deter further unlawful conduct.In a lengthy and scathing judgment, judge Debra Mortimer criticised the ongoing conduct of the Construction, Forestry, Mining and Energy Union and its Victorian branch vice..
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  • Queensland Mines Minister confirmed seventh case of black lung disease

    Queensland Mines Minister confirmed seventh case of black lung disease
    KIM LANDERS: Another Queensland coal miner has been diagnosed with the deadly black lung disease and the mining union is warning it expects more cases to emerge.The disease is caused by breathing excessive levels of coal dust and it was thought to have been eradicated 30 years ago.Nance Haxton reports.NANCE HAXTON: Queensland Mines Minister, Anthony Lyneham, informed Parliament last night, that the Government has confirmed another case of black lung disease or coal workers' pneumoconiosis. Th..
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  • Oil Search digs in for another 6-12 months of low oil prices

    Oil Search digs in for another 6-12 months of low oil prices
    Managing director Peter Botten reiterated his recent comments that the company is also keeping an eye on potential acquisition opportunities in PNG. Photo: Dominic Lorrimer Papua New Guinea player Oil Search has put itself firmly in the picture for M&A activity as it digs in for potentially another six to 12 months of weak commodity prices.The oil and gas producer, which rebuffed a $11.6 billion scrip takeover approach from Woodside Petroleum in September, wo..
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  • AGE BIZ DAY: 7-Eleven "spooked" by large scale claims

    AGE BIZ DAY: 7-Eleven
    AGE BIZ DAY: 7-Eleven "spooked" by large scale claims New tack: 7-Eleven chief Angus McKay has vowed to target the chain's culture. Photo: Jim Rice The deputy chair of the sacked Fels Wage Fairness Panel, David Cousins, says 7-Eleven sacked the panel because it was "spooked" that it could end up paying exploited workers more than $100 million in back pay. Professor Cousins has given an insider's account of the demise of the independent panel that was set u..
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  • Election 2016: Agents declare war on Labor's negative gearing policy

    Election 2016: Agents declare war on Labor's negative gearing policy
    Opposition Leader Bill Shorten shrugged off the real estate campaign as a predictable response by vested interests. Alex Ellinghausen Prime Minister Malcolm Turnbull has branded Bill Shorten "a dangerous threat to our economy" as he welcomed a multimillion-dollar campaign by real estate agents aimed at Labor's plans to curb negative gearing. Mr Shorten and his colleagues shrugged off the campaign as a predictable response by vested interests fu..
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  • Diane Smith-Gander will remain as chair of Broadspectrum.

    Diane Smith-Gander will remain as chair of Broadspectrum.
    Philanthropy/Giving Well: In tandem with our annual Giving Well Guide, we anaylse trends and issues in philanthropy, an area where there has been substantial development as Western Australia’s wealth has grown in the past decade or so. Important to this study are the charities that are funded by that wealth and endeavour to make our state a better place. Wineries: From small boutiques to big corporate wineries, we analyse prospects from this iconic industry which is globally recognised due to th..
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