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Brisbane Times / Business

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Markets Live: Earnings heroes and zeroes

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It's another dramatic day of profits season, as investors embrace results from big names like BHP, Oil Search and Sydney Airport, but send smaller stocks like Aconex and Virtus Health tumbling.

BHP triples dividend as profit surges to $8.5 billion

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BHP has delivered a $US6.73 billion ($8.5 billion) full year profit, declared it will pay $US4.4 billion in dividends for the year and signalled it wants to sell off its US shale assets.

Murray Goulburn flags asset sales after $371m loss

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Murray Goulburn has slumped to a $371 million headline loss amid a revenue decline and flagged the prospect of asset sales or even a takeover from an ongoing strategic review.

International travellers keep Sydney Airport aloft amid weak domestic growth

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An extra half a million international travellers in the first half of 2017 have helped Sydney Airport remain airborne amid weak growth in domestic passengers.

Top Stories in last day

03

Living the Bill Gates life: the daily habits of the world's richest person

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What does the richest person in the world get up to all day?

'NBN' scammers net almost $28,000 in eight months

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In just one day Olimpia bought almost 20 iTunes gift cards worth more than $1800, and all to pay for an NBN connection.

Kerry Stokes' spare parts surge dwarfs TV troubles at Seven Group

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Seven Group Holdings' full-year profit slipped 77.4 per cent to $44.5 million, weighed down by a huge writedown in the value of its stake in Seven West Media.

02

Denmark's Crown Prince Frederik turned away from Brisbane bar

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A spokeswoman for Queensland's Attorney-General denied that liquor office bureaucrats were called on to eventually help get the Danish royal into the upmarket bar after the initial rebuff.

00

8@eight: BHP results on tap, ASX set for flat start

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BHP leads the way as reporting season rolls on while it was a steady night on overseas markets, with Wall Street closing marginally higher.

23

Queensland school 'failed' student after gang-rape allegation

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The royal commission into child sex abuse has heard that 10 years on from the rape of a student a Townsville private school still does not have enough money to provide a safe environment.

Johnson and Johnson ordered to pay $525m to cancer sufferer in US

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Johnson & Johnson was ordered by a Los Angeles jury to pay $US417 million ($525 million) to a 62-year-old woman who blamed her ovarian cancer on the company's talc, in the first California trial over the product.

16

Pay coal stations to head off 'catastrophe' says BlueScope boss

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Investors have savaged BlueScope shares after it flagged competition and power prices would hurt its profit at the same time as announcing long-serving CEO Paul O'Malley would retire.

The Murdochs wanting media reform seems to have stopped media reform

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Oh the irony – the Murdochs wanting Australian media ownership laws changed has become the biggest hurdle to changing Australian media ownership laws.

11

APN Outdoor boss Richard Herring cocks up his new career in comedy

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It's not easy finding a new gig when you finally step down from that high-powered CEO role.

'Not impressed': Berrima pollution a warning for other mines, scientist says

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The paucity of independent monitoring of waste water from coal mines in NSW is leaving communities exposed to decades of pollution, long after mining operations have ceased, Ian Wright, a leading water ecologist, said.

09

Markets Live: BlueScope bashed as ASX wilts

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Shares start the week on a dour note as investors sort through more profit results, cheering Fortescue's bumper earnings but slamming BlueScope.

ASX wilts as BlueScope shares torched

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Shares suffered a dour start to the trading week as BlueScope became this earnings season's latest victim, while selling in Telstra and CSL also weighed on the ASX.

08

Tiki torches tries to move on from Charlottesville

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After its bamboo torches were co-opted by white nationalists during recent violent rallies in the US, Tiki Brand is fighting back.

07

Home sales and prices pick up pace

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House prices rose across most capitals in the past week and the number of auctions resulting in a sale continued to climb.

06

Competition watchdog finally bites down on 'terrible' advertising for NBN

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Internet providers should "immediately" change their advertising for National Broadband Network speeds, according to new guidance issued by the competition watchdog.

Monday, Aug 21

Andrew Forrest to reap $460m dividend bonanza from Fortescue this year

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Telstra's retail investors can only look on with envy as Fortescue founder, Andrew 'Twiggy' Forrest, reaps the rewards of his audacious bet on iron ore.

Bluescope's power price shock triggers share slide

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Investors have savaged BlueScope shares after it flagged competition and power prices would hurt its profit at the same time as announcing long-serving CEO Paul O'Malley would retire.

Vocus calls off takeover talks with KKR, Affinity Partners

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Telecommunications group Vocus has terminated talks with private equity firms Kohlberg Kravis Roberts (KKR) and Affinity Partners, both of which were offering $3.50 a share for a full takeover.

Fortescue records $2.7 billion net profit, raises dividend

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Iron ore miner Fortescue Metals Group has more than doubled its net profit, to $US2.1 billion ($2.7 billion) and pledged to reward shareholders with a bigger dividend.

Sunday, Aug 20

Metrics-obsessed managers should be careful what they wish for, unlike the banks

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Use metrics as a substitute for thought rather than as an aid to hard thinking and there's a high chance it'll bring you undone.

Google memo 'deeply biased', but gender inequality is systemic: EY's Uschi Schreiber

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The Google memo was "deeply biased" says EY's Uschi Schreiber but there's more systemic issues on gender inequality.

Richard Freudenstein buys first Realestate.com.au shares despite 1500% rise since he joined board

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If you thought house prices have gone through the roof, spare a thought for the Realestate.com.au (REA) director who decided to buy his first shares after a decade on the board.

New investment rules to curb China's foreign acquisition binge

brisbanetimes.com.au also on Brisbane Times

The Chinese government has officially put the brakes on Chinese companies pouring big money into overseas property development, issuing rules likely to have a significant impact in Australia.

Friday, Aug 18

Austrac hasn't found breaches at CBA's rivals, didn't take court action 'lightly'

brisbanetimes.com.au

The government's financial intelligence agency has examined the ATM systems of CBA's rivals and is confident they haven't had the same problems in reporting large cash transactions to authorities.

Markets Live: ASX ends hectic week higher

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Shares end the final session lower after more Trump worries spark a renewed wave of global risk aversion, but the ASX manages to end a busy week higher.

Multi-billion dollar tax windfall after Chevron abandons appeal

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Taxpayers are set to gain billions of dollars in revenue over the coming decade after multinational oil giant Chevron abandoned an appeal against the federal government over the way it structures its tax.

Andy Penn says Telstra prepared to sell down stake in Foxtel-FoxSports in future float

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Telstra is prepared to sell down its stake in a combined Foxtel-FoxSports to facilitate a float of the new business in the coming years, chief executive Andy Penn says.

Thursday, Aug 17

Treasury Wine Estates $3000 staff bonus draws fire

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Australia's biggest wine company Treasury Wine Estates will boost shareholder returns and undertake a $300 million share buyback, as it rewards staff with a one-off bonus payment to recognise their contribution.

Bunnings hits a snag in British expansion plan

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Bunnings' foray into the United Kingdom and Ireland has emerging as an unwanted headache for Wesfarmers, as the retail conglomerate tries to return earnings at Coles to growth.

Telstra is trying to escape from a dividend straightjacket

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For the 1 million or so Australians who own Telstra shares, as well as its many customers, its new focus on financial engineering should be a wake-up call.

Telstra flags 'material' cuts to its dividends; shares plunge

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Telstra shares dropped to their lowest price in five years on Thursday after the company announced a "material" reduction in its long-term dividend policy - a move that will affect about 1 million investors.