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Ballarat real estate agent Damien Fitz-gerald, who specialises in house and land packages, said the governments' "extraordinary turnaround" on grants would create turmoil this month for builders ... The grants would still be "a great thing for real estate agents" and the construction industry, and would help people in regional Victoria who had "never even dreamed about getting into the market". (Sydney Morning Herald -- Australia)
NAB's Clydesdale loses AA-credit rating May 13, 2009
"The key factor in these rating actions is Moody's concern that capitalisation levels will come under pressure over the next quarters as the deteriorating economic conditions in the UK and globally will lead to significantly higher credit losses, particularly for the banks in their corporate banking and commercial real estate assets" said senior Moody's analyst Ross Abercromby. The backed-Aaa ratings assigned to the UK government guaranteed debt is unaffected by this rating action. (Sydney Morning Herald -- Business)
Gen Ys need our help May 12, 2009
Stop bagging gen Y - they need our help. Stop bagging gen Y - they need our help. (Sydney Morning Herald -- Business)
Web of lies: UK press plays up spider 'invasion' May 8, 2009
Eastern tarantula spider invasion in Queensland derided as a myth. The Sydney Morning Herald - Business News, World News & Breaking News in Australia Skip directly to: Search Box, , , Text Version. (Sydney Morning Herald -- Australia)
Conditions worsen for small business May 6, 2009
Small businesses in every state have reported worsening business conditions, a survey shows. National Australia Bank's small and medium enterprise business condition index for the March quarter dropped eight points, taking the index to minus-12 points, with businesses in every state reporting poor business conditions for the first time since 2007. (Sydney Morning Herald -- Business)
Q&A: Chris Siriano (5) May 6, 2009
Published: Monday, May 4, 2009 1:06 PM EDT Chris Siriano operates a House of David Museum at his real estate offices on Riverside Road in Benton Township. He opened the museum in 1997 in Riverside, then moved south on Riverside Road to a larger location. (The Herald-Palladium)
Simple. Powerful. May 4, 2009
New York Stock Exchange. When it comes to learning how to survive in lean times there is no one better to listen to than an uber-rich first generation European immigrant from New York. (Sydney Morning Herald -- Business)
Our next wave of entrepreneurs Apr 28, 2009
Marie Najjar has built her own business from the bottom up. Marie Najjar is the sort of person who likes to make sure her Ts are crossed and her Is are dotted. (Sydney Morning Herald -- Business)
US economy still facing 'substantial risks' Apr 20, 2009
He said it's important to be mindful that "there are still substantial risks, that there are downside contingencies that we've got to prepare for, that there are issues in the global economy, that there are issues in commercial real estate". His words echoed remarks last week by Obama in which the US leader said he detected "glimmers of hope" as America battles the deepest economic slump in generations, but warned of painful choices and more deep job cuts to come. (Sydney Morning Herald -- World)
Scrap 'wealthy' capital gains tax Apr 20, 2009
Capital gains tax concessions disproportionately benefit the rich and should be abolished, an independent think tank says. The top one per cent of taxpayers receives 39 per cent of all capital gains, and the top 10 per cent receives 64 per cent, the Australia Institute says in a submission to the Henry tax review. (Sydney Morning Herald -- Business)
Australia Stocks: Australand, Iluka, Kagara, Mirvac, West Australia, PMP Apr 17, 2009
(MGR AU), an Australian real estate investment trust, surged 8. 3 percent to A$1. (Bloomberg -- Australia & New Zealand)
Tight supply props up house prices Apr 15, 2009
In Australia, residential real estate has dipped only 3% in 2008, aided by a short supply of homes. The National Housing Supply Council estimated a shortfall of 85,000 houses in Australia at June 2008. (Sydney Morning Herald -- Business)
Stats show crunch severity Apr 15, 2009
THE Bureau of Statistics has confirmed the severity of the credit crunch on business, reporting that banks in February cut the supply of commercial credit by almost half from a year ago. Figures show that in seasonally adjusted terms, the banks gave $25 billion of new credit to business, down from $44 billion a year ago and the $50 billion in January. (Sydney Morning Herald -- Business)
Act now to protect economy Apr 15, 2009
Greater pre-emptive policy action by both the Reserve Bank of Australia (RBA) and the Federal Government could mean the recession Australia is facing will be less damaging than the last one, a leading economist says. However, Westpac chief economist Bill Evans says that world growth is much weaker compared to the early 1990s, suggesting that both the central bank and the government still have much more work to do. (Sydney Morning Herald -- Business)
Westpac, ANZ stop short of full rate cut Apr 8, 2009
Westpac has joined ANZ in cutting its standard variable home loan rate by 10 basis points, in line with a similar move by Commonwealth Bank of Australia. Westpac is the last of the Big Four banks to respond to the Reserve Bank's rate reduction yesterday. (Sydney Morning Herald -- Business)
Australia Stocks: Bendigo, Fortescue, Goodman, Mt. Gibson, Newcrest Mining Apr 6, 2009
Australias biggest industrial real estate investment trust had its stock rating cut to hold from buy at Citigroup Inc.. (MOS AU), an Australian oil and gas explorer, rallied 18 percent, the most since 2004, to 13 cents. (Bloomberg -- Australia & New Zealand)
First-home rush keeps prices on boil Apr 4, 2009
The director of Bresic Whitney Real Estate, Ivan Bresic, said the combination of low interest rates and the looming expiry date was proving irresistible ... Typical of the properties catching the eye of real estate newcomers is a "pretty simple" two-bedroom terrace in Ann Street, Surry Hills. (Sydney Morning Herald -- Australia)
Online businesses boom in tough times Apr 3, 2009
au residential residential general manager Peter Wright said the latest data was a win-win situation for both real estate agents and Australians looking to secure a home. The increase in traffic suggests that despite the economic downturn, consumers are still actively looking at securing a home during 2009,'' Mr Wright said. (Sydney Morning Herald -- Business)
Laundering laws a burden: govt Apr 1, 2009
The scope of the laws is to be extended this year to include small businesses like real estate agents, jewellers and accountants. Mr McClelland acknowledged that complying with the anti-money laundering rules would be a burden on small business, particularly in the current economic climate. (Sydney Morning Herald -- Business)
Tricks of the trades Apr 1, 2009 Tax cuts for PAYG taxpayers and small business Mar 30, 2009 Take a holiday, bosses urge Mar 30, 2009 Ratings agencies carry on Mar 28, 2009 ACCC backs agents in paper spat Mar 20, 2009 Australia Stocks: BHP Billiton, CBA, Lihir, Macquarie, Newcrest, Woodside Mar 20, 2009 Blockbuster Reports Fourth Quarter and Fiscal-Year 2008 Financial Results Mar 20, 2009 Recession looms but stimulus offers hope Mar 18, 2009 Tenants versus landlords Mar 18, 2009 CSC creates virtual cyber security center Mar 17, 2009 Timberland Announces Sponsorship of Green Apple Festival Mar 14, 2009 Build-A-Bear Workshop, Inc. Names John N. Haugh President and Chief Marketing and Merchandising Bear and Promotes Tina Klocke to Chief Operations and Financial Bear Mar 14, 2009 March is Dummies Month Mar 14, 2009 MySpace Music and Spin to Host Loft on 6th at South by Southwest 2009 Festival Mar 13, 2009 Buy Property Mar 13, 2009 Tapping into social networking Mar 11, 2009 Developers line up for Rudd Bank cash Mar 10, 2009 Rimfire Minerals Reports Grizzly Drill Results Mar 10, 2009 Fears of worse to come Mar 10, 2009 Govt urged to extend first home grant Mar 8, 2009 Fashion house collared Mar 6, 2009 Alamo Group posts fourth quarter loss Mar 6, 2009 Shoes put scuff on the budget Mar 4, 2009 Looking into a black box Mar 4, 2009 Blockbuster to Announce Fourth Quarter and Fiscal Year 2008 Financial Results Mar 4, 2009 Millionaires' row Mar 3, 2009 Event Registration Service - Customers' Satisfaction - eventsbot.com Pride Mar 3, 2009 Banks rorting shorting ban Mar 2, 2009 Cadan Announces Corporate Appointment and Releases Project Updates Feb 27, 2009 Brilliant Agrees to Sell Interest in Lanfranchi Nickel Mine Feb 27, 2009 Property not so safe after all Feb 26, 2009 What the Billion Dollar Beauty Industry Does Not Want Leaked: That One Can Actually Reverse Aging for Free by Moving Only to the Right. We Smell a Nobel. Feb 26, 2009 Property developers post $5.25b losses Feb 26, 2009 Australia to cut skilled immigration Feb 23, 2009 Oil is little changed near $40 on concerns of deeper recession Feb 23, 2009 Housing recovery on its way? Feb 23, 2009 RBA warns banks against choking credit flow Feb 23, 2009 The historic becomes trendy Feb 21, 2009 Fahour answers call by Rudd Feb 21, 2009 New subtype of often-fatal fungus found in Oregon Feb 21, 2009 TSX Venture Exchange Daily Bulletins for February 20, 2009 Feb 21, 2009 SME conditions sink Feb 20, 2009 BuzziNews.com: Obama's New Deal Exposed Feb 18, 2009 Ten Holdings Elects Not to Proceed with Proposed Equity Offering Feb 18, 2009 SouthPeak Interactive Corporation Reports Second Quarter Fiscal 2009 Results Feb 18, 2009 INSERTING and REPLACING Ten Holdings Updates Market and Announces Proposed Capital Equity Offering Feb 17, 2009 States ahead of Rudd in stimulus race Feb 16, 2009 New Dance Music Producer Tops Independent Music Charts Seven (7) Times in Early 2009 Feb 14, 2009 Consumer group blasts retailers Feb 13, 2009 VF elects new board member Feb 12, 2009 Bushfires bill could top $2bn Feb 11, 2009 Simberi Equity Placement Feb 10, 2009 Business pledges help to Victorian bushfire victims Feb 9, 2009 Retailers told: lock staff into contracts Feb 8, 2009 Hand up, hand out? Feb 8, 2009 Commercial Property Feb 8, 2009
MENTORING as a formal business activity in Australia has blossomed in the past decade and is now mainstream. But as the country enters more challenging economic times, mentoring is at the crossroads: sitting between being seen as a luxury of better times and as an essential business tool during the financial crisis. (Sydney Morning Herald -- Business)
Report: Alcohol sales, consumption up in 2008 Apr 1, 2009
Stay up to date on the latest news from within the commercial real estate industry. News, analysis and ideas that defy the odds and the times. (Triad Business Journal, NC)
Cuts for PAYG taxpayers. Cuts for PAYG taxpayers. (Sydney Morning Herald -- Business)
Business groups have welcomed a campaign encouraging employees to take stockpiled annual leave as way of assisting the tourism industry and easing the burden on small businesses. Tourism is a major driver of the Australian economy, employs 480,000 people Australia wide and is the life-blood of many Australian communities. (Sydney Morning Herald -- Business)
A huge number of unscrupulous participants played a role in the American real estate boom that has since brought the system to its knees. But it was the ratings agencies that provided the legitimacy for America's investment banks to pump up the market, to sell collections of high-risk loans to vast numbers of unsophisticated investors around the world, and all under the mask of a gold-plated AAA rating. (Sydney Morning Herald -- Business)
Newsagents are seeking to shift the balance of power in their favour. PICTURE: Jessica Hromas. (Sydney Morning Herald -- Business)
(MGR AU), an Australian real estate investment trust, dropped 13 percent to 82 Australian cents after saying it will cut its fiscal 2009 distribution to between 8 cents and 9 cents a share from a previous forecast of 13. 4 cents. (Bloomberg -- Australia & New Zealand)
Source: Blockbuster Inc.. Company Reports Progress on Refinancing. (Yahoo! Wire -- Entertainment News)
Real estate and asset values around the world have plunged in the past half year, hitting commercial and residential property prices in the US, UK and Europe. Near-term weakness. (Sydney Morning Herald -- Business)
Are shopping centre operators opportunists, or are there tenants just prone to whining. Relations between tenants and landlords in the Australian retail industry are testy at the best of times. (Sydney Morning Herald -- Business)
Washington Real Estate ... Stay up to date on the latest news from within the commercial real estate industry. (Washington Business Journal, DC)
Partnership with "America's Largest Earth Day Action" to Encourage Volunteerism and Community Service. STRATHAM, N.H., March 13 /PRNewswire-FirstCall/ -- Timberland today announced that it is a presenting sponsor of the nationwide Green Apple Festival and Earth Day Network events over Earth Day Weekend, April 17 to 19. (Yahoo! Wire -- Entertainment News)
Prior to joining Clayton Corporation in 1990, she was the controller for Love Real Estate Company, a diversified investment management and development firm. She began her career in 1982 with Ernst & Young LLP. Ms. Klocke is a member of the American Institute of Certified Public Accountants. (Yahoo! Wire -- Entertainment News)
Shop your favorite retailer for big savings on the always trusted, yellow-and-black reference books. HOBOKEN, New Jersey--(BUSINESS WIRE)--Looking for straightforward guidance on weathering the financial crisis or clear-cut, expert tips on green living. (Yahoo! Wire -- Entertainment News)
Source: MySpace Music. LOS ANGELES--(BUSINESS WIRE)--MySpace Music. (Yahoo! Wire -- Entertainment News)
Real Estate for Sale, Rent and Share @ Domain. com. (Sydney Morning Herald -- Opinion)
Corporate Australia needs to try harder when it comes to tapping into tools such as Twitter, Facebook, forums and LinkedIn, say online experts. And they say deep pockets don't always guarantee an edge. (Sydney Morning Herald -- Business)
Executives from the rest of the real estate investment trust sector would soon go to Canberra to make the case for a cash handout, banking sources said last night. The partnership was set up as a temporary measure to provide liquidity to what it sees as viable, national commercial property projects, when the traditional lenders have put the brakes on corporate real estate lending ... "The ABIP offers up to $30 billion of loan protection. Total corporate real estate debt in Australia is about... (Sydney Morning Herald -- Business)
Source: Rimfire Minerals Corporation. VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 9, 2009) - Rimfire Minerals Corporation (TSX VENTURE: - ) reports results from the drill program concluded on the Grizzly property last fall. (CCNMatthews Press Releases)
Businesses say the worst of the global financial crisis is yet to hit our shores as most predict further falls in sales and profits and a growing need to cut staff, a survey says. The Dun & Bradstreet survey of business expectations found that 65% of firms it contacted expected declining profits in the June quarter in response to the deteriorating economy. (Sydney Morning Herald -- Business)
Real Estate Institute of Australia (REIA) president Noel Dyett said the boost appeared to have been successful, but stopped short of calling on the government to extend the scheme. "The government has put it in place as a stimulus, it's up to the government to decide how long it wants to keep that running," Mr Dyett said on Friday. (Sydney Morning Herald -- Business)
Local upmarket fashion retailer Herringbone will live on after a powerhouse euro allowed German luxury shirt maker van Laack to snap up the business from its two founders. Herringbone, which was put into voluntary administration in December, will keep its headquarters in Australia following the sale for an undisclosed sum. (Sydney Morning Herald -- Business)
Stay up to date on the latest news from within the commercial real estate industry ... San Antonio Real Estate. (San Antonio Business Journal, TX)
Shoes put scuff in the budget - Planning - Money - Business - Home - smh. The Sydney Morning Herald: national, world, business, entertainment, sport and technology news from Australia's leading newspaper. (Sydney Morning Herald -- Business)
While most of the major supermarkets, department stores and discount department stores in Australia are owned by listed companies and subject to public financial disclosure, few of the retail chains that occupy the vast majority of specialty store space in our shopping centres and CBDs are traded on the stock market. From a transparency standpoint, this makes a major segment of the retail industry in Australia something of a black box, particularly compared to that of a country like the US where... (Sydney Morning Herald -- Business)
Source: Blockbuster Inc.. Conference Call and Webcast to be Held on March 19, 2009. (Yahoo! Wire -- Entertainment News)
LATE last year, cleaners Sue and Tim turned up to clean the second house of a wealthy client - only to be confronted by the sight of luxury cars lining up in the driveway, a berthed boat on a trailer, and a load of original art stacked up in the hallway. Their clients explained they urgently needed cash to settle margin loan calls - but the cleaners apologetically declined a request for a discount on their services. (Sydney Morning Herald -- Business)
Event Registration Service - Customers' Satisfaction - eventsbot. com Pride: Financial News - Yahoo. (Yahoo! Wire -- Entertainment News)
As ASIC considers extending its self-imposed deadline of this Friday for lifting the short-selling ban on banks, financial stocks and Real Estate Investment Trusts and perhaps still wrestles with understanding what shorting actually is a prominent market player is claiming the protected investment banks themselves are rorting the system to short the theoretically unshortable. Charlie Aitken, head of institutional dealing at Southern Cross Equities, has told clients ASICs effort is a... (Sydney Morning Herald -- Business)
Source: Cadan Resources Corporation. VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 26, 2009) - CADAN RESOURCES CORPORATION (TSX VENTURE: - ; "Cadan" or the "Company") is pleased to announce the appointment of director Mr. John Anderson, as Director, Corporate Development, as well as to provide an update on its projects. (CCNMatthews Press Releases)
Source: Brilliant Mining Corp.. VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 26, 2009) - Brilliant Mining Corp. (TSX VENTURE: - ; "Brilliant" or the "Company") announced today that it has entered into an agreement (the "Share Purchase Agreement") to sell all of the outstanding shares of Brilliant's wholly-owned subsidiary, Donegal Resources Pty Ltd ("Donegal") to Panoramic Resources Ltd. (ASX: - ; "Panoramic") an Australian based nickel sulphide producer. (CCNMatthews Press Releases)
If one happens to be an investor in the Australian real estate investment trust sector however, one's probability of ruin is greatly enhanced. At least half the trusts would appear to be bound for the warm embrace of the insolvency profession. (Sydney Morning Herald -- Business)
What the Billion Dollar Beauty Industry Does Not Want Leaked: That One Can Actually Reverse Aging for Free by Moving Only to the Right. Financial News - Yahoo. (Yahoo! Wire -- Entertainment News)
Australian real estate investment trusts have lost $92 billion in value in less than two years as a global recession and seizure in credit markets curbed consumer spending. Property companies are in the worst of all worlds,'' said Angus Gluskie at White Funds Managementin Sydney. (Sydney Morning Herald -- Business)
Skilled immigration will fall due to the global economic crisis, the Federal Government says. I expect the numbers of our program to drop next year. (Sydney Morning Herald -- Business)
The Republican-American. Sunday, February 22, 2009 9:11 PM EST. (Republican-American)
Housing recovery on its way. Housing recovery on its way. (Sydney Morning Herald -- Business)
THE governor of the Reserve Bank, Glenn Stevens, is pressing bank chiefs not to let overzealous loan officers choke credit to small businesses and increase the risk of recession. In a tone of muted confidence, Mr Stevens told a parliamentary committee that the country's banks and broader economy were holding up relatively well, but that the Reserve was ready to lower interest rates further if it was needed. (Sydney Morning Herald -- Business)
Dan O'Brien, an associate director with commercial real estate agent CB Richard Ellis, says with buses running every 10 minutes, and the CityRail network, south Sydney has a lot to offer businesses that need quick access to the city. "At the South Sydney Corporate Park in Alexandria there are actually shuttle buses that service the estate," O'Brien says. (Sydney Morning Herald -- Business)
"And it's not going to stop real estate prices falling. Its job is to ensure viable firms don't have to do fire sales of good assets.". Mr Fahour said RuddBank's lending criteria were being formulated. (The Australian)
NEWSPAPERS IN EDUCATION. Byrnes said the incidence among animals may be higher than reported, too, because tests to find it are expensive. (Ontario Argus Observer, OR)
TSX-X --------------------------------------------------------------------------- BTB REAL ESTATE INVESTMENT TRUST ("BTB.UN") BULLETIN TYPE: Notice of Distribution BULLETIN DATE: February 20, 2009 TSX Venture Tier 1 Company The Issuer has declared the following distribution: Distribution per Trust Unit: $0. 0067 Payable Date: March 15, 2009 Record Date: February 28, 2009 Ex-Distribution Date: February 25, 2009 TSX-X ---------------------------------------------------------------------------... (CCNMatthews Press Releases)
The slumping economy has eroded conditions for small- and medium-sized businesses to an all-time low, while dashing profit expectations, a new report says. The trading environment for small business "deteriorated further'' in the December quarter, according to National Australia Bank's fourth-quarter SME survey, the lowest index score since the survey began in June 2006. Overall, conditions dipped three index points to minus-4 in the period. "Business directly affected by the downturn in... (Sydney Morning Herald -- Business)
com: Obama's New Deal Exposed: Financial News - Yahoo. com: Obama's New Deal ExposedTuesday February 17, 11:50 am ET. (Yahoo! Wire -- Entertainment News)
Source: Canwest Global Communications Corp.. WINNIPEG, Manitoba--(BUSINESS WIRE)--Canwest Global Communications Corp. (Canwest) announced today that Ten Network Holdings Limited (Ten Holdings) has elected not to proceed with its proposed equity offering. (Yahoo! Wire -- Entertainment News)
Source: SouthPeak Interactive Corporation. --(BUSINESS WIRE)--SouthPeak Interactive Corporation (OTC Bulletin Board: - ), one of the fastest growing videogame publishers, today announced financial results for the quarter ended December 31, 2008. (Yahoo! Wire -- Entertainment News)
Source: Canwest Global Communications Corp.. WINNIPEG--(BUSINESS WIRE)--Insert before first sentence, fourth graph of release: I have advised the Board of Ten Holdings that Canwest presently intends to retain its shareholding. (Yahoo! Wire -- Entertainment News)
Partly because of the fall-off in their revenue (particularly from real estate transfer duty and slower growth in collections from the goods and services tax), but more because of big increases in their spending on capital works. Western Australia plans to increase its gross public sector capital works spending (spending before taking account of internal funding sources) this financial year by 29 per cent. Victoria will be up by 44 per cent and South Australia by 61 per cent.. (Sydney Morning Herald -- Business)
Source: Steven Freedom. SYDNEY, Feb. 13 /PRNewswire/ -- Steve Freedom recently posted ten original Advanced Electronic Dance and Ambient compositions to Soundclick. (Yahoo! Wire -- Entertainment News)
Australia's peak consumer group has blasted an umbrella body of smaller retailers that has urged the federal government to replace stimulus package handouts for low-income earners with vouchers. The Australian Retailers Association (ARA), which represents about 5,000 small and medium-size businesses, wants the $900 cheques to be replaced with a voucher system, so the money is spent and not saved in a flagging economy. (Sydney Morning Herald -- Business)
Stay up to date on the latest news from within the commercial real estate industry. News, analysis and ideas that defy the odds and the times. (Business Journal of the Greater Triad Area)
Bushfire bill could top $2bn. The devastated township of Callignee. (Sydney Morning Herald -- Business)
Source: Simberi Mining Corporation. TORONTO, ONTARIO--(Marketwire - Feb. 9, 2009) - Simberi Mining Corporation ("Simberi") (TSX VENTURE: - ), is pleased to announce it has completed a private placement for gross proceeds of $ 65,000 through the sale of 6,500,000 non flow-through Common Shares at an issue price of $ 0. (CCNMatthews Press Releases)
Business pledges help for Victorian bushfire victims. Business pledges help for Victorian bushfire victims. (Sydney Morning Herald -- Business)
RETAILERS are being urged to lock their staff into five-year contracts that unions claim could cost workers up to $100 a week. The Australian Retailers Association, in a mass email to its 5000 members, warns that the Rudd Government's proposed workplace laws will impose standards that could increase incomes in the retail sector by 14 per cent.. (Sydney Morning Herald -- Business)
Hand up, or hand out. Hand up, or hand out. (Sydney Morning Herald -- Business)
Commercial Real Estate ... au - Real Estate and Property Australia ... Search or Browse Commercial Real Estate. (Sydney Morning Herald -- Australia)
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