Business AM - Leighton faces black hole

Thursday November 28, 2013
Morning Edition 
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Leighton faces black hole
Richard Baker, Nick McKenzie 3:00AM | The company is sitting on advice that its troubled Mideast joint venture will struggle to recover all of the $1.1 billion it claims to be owed.

Local shares set for flat opening
6:00AM | Australian shares poised for a flat start to the day on the back of a subdued day of trading on Wall Street on the day before Thanksgiving.

Warm welcome for Pact IPO plans
Sue Mitchell 8:45PM | When the packaging group was on a roadshow ahead of its $1.7 billion IPO, one investor said it was the best float to come out of Australia in years.

Business News Wire

3:53PM Qantas chief says $A still too high
2:57PM Retailers cashing in after solid year
1:30PM ADM ups Graincorp spending promises
12:49PM Daily Mail to launch Australian website
12:20PM Rex expects profit to fall
Comment & Analysis
Float in early December doesn't stack up - or at least the $520 million price tag doesn't.
Elizabeth Knight
Will the Abbott government ultimately be judged a great reforming government or the worst money manager since Whitlam?
Ross Gittins
Gina Rinehart launches November 22 as the inaugural National Mining and Related Industries Day!
Colin Kruger
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Markets
Around the Markets at 7:47AM EST, 28 Nov 2013
Dow Jones 16102.23 + 29.43 + 0.18%
Nasdaq 4042.102 + 24.35 + 0.61%
Hang Seng 23806.35 + 125.07 + 0.53%
NZ 50 4799.352 + 0.00 + 0.00%
CAC 4293.06 + 15.49 + 0.36%

End of day figures for Dow Jones and Nasdaq
All others figures are intraday (20 min delay)

Quotes & Charts
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Business Videos
As tensions over territory rise, China's increasingly assertive navy is getting better at projecting power well beyond the country's maritime borders. Reuters' David Lague explains.

Blogs

Suncorp deal comes as data shows directors with 'skin in the game' generally outperform.
Adele Ferguson at

Executive Style

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