Pac Brands Cuts Divie
Investors have given Pacific Brands the thumbs down after the company yesterday confirmed that it was slashing the 2009 dividend by 65%.
Read MoreMarket Hesitates On Qantas-BA Link
It was hardly a ringing endorsement of the Qantas led marriage plans with British Airways; in fact it ended up as something of a thumbs down from local investors who have heard it all before.
Read MoreEconomy: Red Ink Ahead?
The Australian economy grew by just 0.1% in the September quarter, kept in the black mostly by the recovery in rural Australia from the terrible drought of the past couple of years (which remains in much of the country though).
Read MoreResources: BHP, Woodside Spend UP
Not all resource spending is being cut, trimmed or stopped.
Read MoreWhy US Cars Companies Want Help
No wonder the Big Three American car companies have returned to Washington with their begging bowls outstretched, asking for billions more than the $US25 billion offered by US politicians last month.
Read MoreMining: Boart Sees Tough 2009
Mining services group Boart Longyear will review its dividend payout after cutting its 2008 guidance.
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