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Dispute over hefty tax bill goes to court

Tue 09/02/10 - 08:15:33 vs6
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MACQUARIE GROUP is disputing a bill for tax on about $318 million worth of income, joining the list of big banks to tangle with the Australian Taxation Office. Macquarie has been in dispute with the Tax Office after it was issued the bill last June. The bill relates to the 2004 financial
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Tags : smh.com.au, Tax, macquarie group, Commission, structured finance transactions, effective tax rate, franking credits, swap transactions, tax dispute, stoush, investment bank, taxable income, spokeswoman, six months, profits, banks

David Jones raises profit forecast

Tue 09/02/10 - 10:12:10 vs6
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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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Tags : smh.com.au, spa, Hold, EBIT, economic downturn, gross margins, excess cash, comparable period, upmarket, department store chain, stimulus, dividends, inventories, balance sheet, second quarter, shareholders, guidance, journalists, caution, six months, profits

Cochlear net profit jumps 8%

Tue 09/02/10 - 06:13:30 vs6
Revenue for the first half of 2009-10 fell 2 per cent to $347.6 million. Sales, excluding foreign exchange contracts, were down 3 per cent to $336.9 million. The company said this morning that the sale of individual cochlear implant units rose 7 per cent to 9811 although installed base sales
Tags : smh.com.au, spa, europe, Euro, interim dividend, currency terms, exchange contracts, free cash flow, northern hemisphere, processor technologies, sound processor, summer holidays, cochlear implant, complete system, launch, 6 million, next generation, earnings, profits, guidance

BHP/Rio Big Profit Week - Yahoo!7 Finance News

Fri 05/02/10 - 06:34:25 vs6
Friday February 5, 2010, 8:04 am BHP Billiton and Rio Tinto produce results next week that will once again confirm that they are riding the China boom for all they can get. Even though the profits will be lower than the respective previous corresponding periods (BHP interim,
Tags : au.biz.yahoo.com, tin, RIO Tinto, RAL, Quote, pot, MIT, Invest, europe, Euro, ESO, ENERGY RESOURCES OF AUSTRALIA, EBIT, earnings, Commission, Brazil, bloomberg, BIL, bhp billiton, title.BHP, BHP, australia, Australasia, iron ore prices, aluminium prices, pilbara, half year, jv, joint venture, obstacle, fate, boom, periods, profits, second half, RIO, opposition, attempts, proposal

US retail sales rise modestly

Fri 05/02/10 - 05:12:15 vs6
Retailers are reporting modest gains for January as shoppers, uninspired by limited racks of holiday clearance, spent cautiously after a holiday buying spree in December. Fourth-quarter profit profits look brighter, however, as Macy's and Bon-Ton Stores are raising their outlooks
Tags : smh.com.au, stag, EAD, Cost, sales increases, outlooks, quarter profit, buying spree, decline, shoppers, profits, merchants

US retail sales rise modestly

Fri 05/02/10 - 04:32:59 vs6
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Fourth-quarter profit profits look brighter, however, as Macy's and Bon-Ton Stores are raising their outlooks because they didn't have to discount heavily and saw sales improve. As merchants report their sales figures Thursday, several stores including Limited Brands and Macy's are reporting
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Tags : businessday.com.au, stag, Cost, sales increases, outlooks, quarter profit, decline, profits, merchants