Business PM - Billionaire bailout plan

Monday November 11, 2013
Afternoon Edition 
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Billionaire bailout plan
Colin Kruger 4:27PM | Ten risks breaching its debt covenants if shareholders do not approve a deal that could hand security over its assets to three billionaire shareholders.

Investors take profits in banks
Sally Rose 5:35PM | The share market fell after early gains on the back of strong US jobs data evaporated, but Orica bucked the trend with a big jump.

WCB boss confident deal can be struck
Jared Lynch 4:01PM | Warrnambool Cheese and Butter boss David Lord is confident Kirin will be able to strike a deal with Canadian outfit Saputo.

Business News Wire

4:10PM RBA publishes Debelle comments on "US"
4:05PM FMG tackles debt pile
4:01PM RBA publishes Debelle comments on "US"
11:50AM Elders expects to post a $510m loss
11:31AM Home loan approvals jump in September
Comment & Analysis
If you look at what the numbers show, things are much more complicated than they may first appear.
Clancy Yeates
There is no one more demure, no one more reclusive in corporate Australia than Anton Billis.
Michael West
The Reserve Bank has hedged its bets in its latest quarterly statement on monetary policy.!
Malcolm Maiden
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Markets
Around the Markets at 5:46PM EST, 11 Nov 2013
Dow Jones 15761.78 + 167.80 + 1.08%
Nasdaq 3919.233 + 0.00 + 0.00%
Hang Seng 22921.16 + 176.77 + 0.78%
NZ 50 4922.172 – 29.19 – 0.59%
CAC 4260.44 + 0.00 + 0.00%

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
What the Reserve Bank really said in its quarterly monetary policy statement on Friday. Michael Pascoe comments.

Blogs

How the rest of business let the miners screw them over.
Ross Gittins at

Executive Style

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