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David Jones raises profit forecast

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Luxury department store David Jones says it may increase dividends as profits improve. Chief executive Mark McInnes told journalists the business was in ‘‘terrific shape’’. ‘‘Our gross margins are good, our costs are good, our inventories are clean, our debt is low,’’ he
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Sharemarket down 1% at noon

AAP At 1200 AEDT, the benchmark S&P/ASX200 index was down 43.9 points, or 0.97 per cent, at 4,477.5 points, while the broader All Ordinaries index had fallen 43.5 points, or 0.96 per cent, to 4,495.3 points. On the Sydney Futures Exchange, the March share price index contract was 31 points

Eurozone concerns drag shares down 1pc

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At 12pm AEDT, the benchmark S&P/ASX200 index was down 43.9 points, or 0.97 per cent, at 4477.5 points, while the broader All Ordinaries index had fallen 43.5 points, or 0.96 per cent, to 4495.3 points. EL & C Baillieu Stockbroking director Richard Morrow said the market had a firm
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Harvey Norman silent partner wins $14.6m slice of success

Filings lodged with the corporate regulator show Dimbulu paid a $14.6 million dividend in 2009 to its only shareholder, a private company controlled by Ian Norman and his wife Shirley. Mr Norman, who remains a non-executive director of Harvey Norman and its second largest shareholder with a

$15m for Harvey Norman co-founder

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Filings lodged with the corporate regulator show Dimbulu paid a $14.6 million dividend in 2009 to its only shareholder, a private company controlled by Ian Norman and his wife Shirley. Mr Norman, who remains a non-executive director of Harvey Norman and its second-largest shareholder with a
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$15m for Harvey Norman co-founder

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IAN Norman, the reclusive cofounder of the Harvey Norman retail chain with Gerry Harvey, paid himself nearly $15 million in dividends from his private company Dimbulu last year. Filings lodged with the corporate regulator show Dimbulu paid a $14.6 million dividend in 2009 to its only
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Moody’s Profit Climbs 15% as Demand for Credit Ratings Rises - Bloomberg.com

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Net income rose to $101.9 million, or adjusted earnings of 42 cents a share, in the period, from $88.7 million, or 37 cents, a year earlier, New York-based Moody’s said today in a statement distributed by Business Wire. The average estimate of six analysts surveyed by Bloomberg was for 41
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Santander Profit Gains as Brazil Offsets Bad Loans (Update1) - Bloomberg.com

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Net income rose to 2.2 billion euros ($3.1 billion) from 1.94 billion euros a year earlier, the Santander-based lender said in a statement today. That beat the 2.12 billion-euro median estimate in a Bloomberg survey of 10 analysts. Santander, with a 1 trillion-euro asset base that’s as big as
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Time Warner tops forecasts, raises dividend

The New York-based parent company of CNNMoney.com and Fortune said its net income rose to $627 million, or 53 cents per share, in the quarter ended Dec. 31, compared with a $16 billion loss in the year-earlier quarter. Excluding a charge of 2 cents per share, Time Warner said it earned 55

PNC to Repay TARP, Sell $3 Billion in Common Shares (Update1) - Bloomberg.com

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PNC expects to finance the deal by selling $3 billion of common stock, $1.5 billion to $2 billion of senior notes, and the bank’s investment servicing unit, according to a statement today from the Pittsburgh-based lender. The unit’s $2.31 billion sale to Bank of New York Mellon Corp. was
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