Archive for the ‘Super News’ Category

SAC Capital shifts stance on insider trading probe

Steven A. Cohen’s hedge fund SAC Capital Advisors told investors it will no longer cooperate unconditionally with the US government’s insider trading investigation.

Call for Rio Tinto to scrap aluminium business

Rio Tinto should consider spinning off its entire aluminium business rather than just Pacific Aluminium to help add value for shareholders, Citi analyst Clarke Wilkins says. He said aluminium remained a low-margin business and a drag on Rio.

Macdonald protests innocence, slams inquiry

Former NSW mining minister claims ICAC investigations into the granting of coal licences were politically motivated.

Super funds lash Abbott ‘betrayal’

The superannuation industry claims it has been betrayed by Opposition Leader

Labor fights on but no KO over industrial relations

The so-called “great debate” between Workplace Relations Minister Bill Shorten and his opposition counterpart, Eric Abetz, was mostly a few short jabs with some shadow boxing thrown in.

Red diamond catches the eye at Rio Tinto tender

Star of the show at this year’s Rio Tinto’s tender of top quality coloured diamonds was a rare 1.56 carat red diamond named the “Argyle Phoenix”.

RBA questions viability of car industry

Government support is propping up Toyota, Ford and General Motors (Holden) as production falls.

About-turn on benefits of a low-salt diet

The US Institute of Medicine has caused a furore by saying there is little evidence that a reduced salt intake will benefit your health.

Carr cancels captured PNG fugitive’s 457 visa

Foreign Minister Bob Carr used his special powers to cancel a 457 visa issued by the federal government to an alleged crime boss wanted in Papua New Guinea over the theft of $30million.

WA set for windfall, despite iron ore price falls

The Western Australian government is poised to benefit from hundreds of millions of dollars in an unexpected windfall as the falling Australian dollar boosts the value of its mineral royalty take.