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Cochlear predicts Nucleus-powered growth

The chief executive, Chris Roberts, said patient and doctor response to the Nucleus 5 device was overwhelmingly positive and the new technology would form the bulk of the company's total unit sales over the next six months. Unveiling the company's first-half earnings yesterday, Dr Roberts did

DJ"s outshines Myer - again

Last week Brookes doubled his guidance for Myer���s first half earnings to 10 per cent. Today David Jones���s Mark McInnes matched this call. What���s more David Jones raised the stakes by announcing that its sales for the six months to January 23 were up 2.2 per cent compared

Optus will stay in the fold, says SingTel

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SINGAPORE TELECOM offered assurances yesterday that it had no plan to offload Optus. Its Australian subsidiary powered a strong third-quarter performance for SingTel, with help from a rising Australian dollar and SingTel's other overseas operations. ''No decision has been made on selling
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Alumina pays welcome dividend

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ALUMINA is making a surprise return to dividend-paying status even though its profit last year was savaged by the impact of the global financial crisis on demand and prices for alumina and aluminium. The group's earnings collapsed from $202 million in 2008 to a loss of $2 million on an
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BIS’s Caruana Says Banks Need More Capital to Withstand Shocks - Bloomberg.com

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The capacity and incentives to take risks have “clearly overwhelmed” any improvements in risk management, Jaime Caruana wrote in a paper he delivered to a gathering of central bankers in Sydney today. Financial companies alone can’t keep underlying risks in check and will need help
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DJ"s outshines Myer - again

Last week Brookes doubled his guidance for Myer’s first half earnings to 10 per cent. Today David Jones’s Mark McInnes matched this call. What’s more David Jones raised the stakes by announcing that its sales for the six months to January 23 were up 2.2 per cent compared with Myer which

Alumina blames surprise loss on global crisis

Alumina was forced to scrap its dividend a year ago to conserve cash as the industry suffered a severe downturn, but with the recovery underway it said it would pay out 2 cents a share for 2009 and expected better dividends this year. Alumina shares , though, fell in early trading, dropping

Alumina sinks to a loss, sees rebound

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Alumina reported a net loss for 2009, hit by a slump in aluminium demand, but reinstated its dividend, saying its outlook had improved. Alumina reported a net loss of $26 million versus a net profit of $168 million a year earlier. It said its underlying loss was $2 million, compared with
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JB Hi-Fi profit keeps on rockin"

Mr Uechtritz, who led a private equity consortium to seize control of the retailer in 2000 and then steered its successful public float in 2004, said he would step down in July or August, to be replaced by his close colleague, the present chief operating officer, Terry Smart. News of his exit

Judge says option trader failed to prove case against Lift Capital

The Federal Court judge hearing the case yesterday ruled that the 64-year-old veteran Sydney trader had failed to prove his case. The decision means that a scheme of arrangement passed by Lift Capital creditors last month can now be settled, allowing the payment of a dividend of about 65c in

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