Australian (ASX) Stock Market Forum

****ASF Breaking News****

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Terrorists currently going nuts in Mumbai.

At least 25 dead.

They've even attacked Leopolds! Shantaram readers will understand.
 
noirua said:
Trading in Woolworths shares has been suspended and the company put into administration.
The companies board will meet at 6am BST to make the formal decision.

Deloitte will be appointed as administrators to the store chain and also to Entertainment UK, which supplies books and DVD's to supermarket groups.

The move will put tens of thousands of jobs under threat in the UK.
Click to expand...

Following the collapse of Woolworths with 805 stores: MFI Warehouse a company with 110 stores providing house furniture, kitchen and bathrooms has also just been put into administration in the UK.

Just in case our vote collapses please make sure you vote for Aussie Stock Forums at
http://www.thebull.com.au/the_stockies/forums.html

THANKS
 
Noirua

You just beaten me on WOW. Who knows the scene at ASX this morning

Any way I am adding this one

Woolworths concerned over JB Hi Fi takeover talk
Wednesday November 26, 2008, 10:38 pm

Woolworths has released a statement to the stock exchange pouring cold water on suggestions it is in takeover talks with JB Hi Fi.

Woolworths says it is concerned about continued speculation over supposed discussions with the retailer.

It says it is not in talks of any kind with JB Hi Fi.

It also says it has no intention to hold any talks with the company and there is no offer to buy it.

Woolworths closed 0.4 per cent higher on the share market today, while JB tumbled nearly 14 per cent.
 
kennas said:
Terrorists currently going nuts in Mumbai.

At least 25 dead.

They've even attacked Leopolds! Shantaram readers will understand.
Click to expand...

Got worsened

Now 80 dead and 250 injured. The real figures are always worse than official figures.
http://timesofindia.indiatimes.com/...bai_80_dead_many_hurt/articleshow/3761410.cms

Mumbai is the finance hub for India and with two top grade hotels Taj and Oberoi affected too means Dalal Street (same as Wall Street) in Mumbai will send nervousness in share prices there too !

Why can't they just shoot the terrorists or send them to China just to be tortured to get secret news and then shot any way. Amnesty must not speak in favour of these psychologically sick killers creating terrors worldwide. :banghead:
 
Miner said:
Noirua

You just beaten me on WOW. Who knows the scene at ASX this morning

Any way I am adding this one

Woolworths concerned over JB Hi Fi takeover talk
Wednesday November 26, 2008, 10:38 pm

Woolworths has released a statement to the stock exchange pouring cold water on suggestions it is in takeover talks with JB Hi Fi.

Woolworths says it is concerned about continued speculation over supposed discussions with the retailer.

It says it is not in talks of any kind with JB Hi Fi.

It also says it has no intention to hold any talks with the company and there is no offer to buy it.

Woolworths closed 0.4 per cent higher on the share market today, while JB tumbled nearly 14 per cent.
Click to expand...
Hi Miner, a bit of confusion here as my post was not about WOW it was about the UK Woolworths.
Collapse of the UK Woolworth is becoming worse than thought and the downturn in the UK is proving very serious.

Anyway, don't forget to vote for ASF today guys at http://www.thebull.com.au/the_stockies/forums.html
 
WTF were they thinking? or doing for that matter.

source

Naked at the wheel

* November 30, 2008

AN 18-YEAR-OLD woman was driving naked when she was involved in a fatal car crash at Hastings yesterday. A male passenger, 19, also naked, was killed when the vehicle rolled about 1.30am.

The woman was seriously injured. She was flown to Royal Melbourne Hospital and was in a stable condition last night.

Police spokeswoman Senior Constable Leeanne Clinton said that while it was bizarre that the woman had been naked behind the wheel, there were no suspicious circumstances.

The names of the passenger and the driver have not been released.
Click to expand...

no suspicious circumstances right!;);)
 
Following the AU$75 billion potential losses due to the fraud by Wall Street fund manager Bernard Madoff, Banks and institutions around the world are now admitting their losses.

The Royal Bank of Scotland has AU$1 billion at risk and Sandander AU$4.5 billion, HSBC AU$1.6 billion and Paribas undisclosed sums.
 
The US Federal Reserve has slashed interest rates from 1% to a range between 0% and 0.25% as it battles the countries recession.

The Central Bank's key rate, the target rate for overnight Federal Funds, is at its lowest since records began in 1954.

In its statement, the Federal Reserve warned that "the outlook for economic activity has weakened further."

It predicted that rates would stay at the current exceptionally low levels "for some time".
 
noirua said:
The US Federal Reserve has slashed interest rates from 1% to a range between 0% and 0.25% as it battles the countries recession.

The Central Bank's key rate, the target rate for overnight Federal Funds, is at its lowest since records began in 1954.

In its statement, the Federal Reserve warned that "the outlook for economic activity has weakened further."

It predicted that rates would stay at the current exceptionally low levels "for some time".
Click to expand...

As a result, Wall St has erupted into an orgasmic frenzy of stock buying..... totally and utterly predictably :)

LOL
 
he was mixed up in VW share which took a dive he topped himself and now VW are on the way up again.
Such is life
 
Worker around the world face losing their jobs as several big corporations announced more than 70,000 job cuts in one single day.

The US Caterpillar construction company has announced it would cut jobs by over 20,000.

European electronics group Philips, financial firm ING and UK steelmaker Corus have announced cuts.

The announcements underscore the depth of the global recession, CNN and the BBC have announced.
 
noirua said:
Worker around the world face losing their jobs as several big corporations announced more than 70,000 job cuts in one single day.

The US Caterpillar construction company has announced it would cut jobs by over 20,000.

European electronics group Philips, financial firm ING and UK steelmaker Corus have announced cuts.

The announcements underscore the depth of the global recession, CNN and the BBC have announced.
Click to expand...

Yes it's all bad news but we only see it on TV at the moment but very soon it will hit us, looking forward to it, the meda speculation and Rudds scare stories cant be as bad as the real thing.
 
MrBurns said:
Yes it's all bad news but we only see it on TV at the moment but very soon it will hit us, looking forward to it, the media speculation and Rudds scare stories cant be as bad as the real thing.
Click to expand...
Sadly I think that Prime Minister Kevin Rudd's scare stories are not as bad as it's going to get. Not that there will be all losers, only that the losers will come off very badly.
Whether unemployment reaches only 10% or if it goes on to 16%, may depend on how much cash is ploughed into the economy. It needs to be mega-massive.
The UK has put AU$5 billion into the car industry today to save it from total collapse.

3rd Feb, I think, is the date for the next interest rate reduction. Probably needs to fall by 3.25% to 1%.

Honda has cut production by 50,000 cars in North America and Japan, reported by CNN.
 
noirua said:
Whether unemployment reaches only 10% or if it goes on to 16%, may depend on how much cash is ploughed into the economy. It needs to be mega-massive.
The UK has put AU$5 billion into the car industry today to save it from total collapse.
Click to expand...

Well, is borrowing from our children to pay for us to live beyond our means kosher?

I think not.

Let's let this nonsensical period work out of the system an them let's get producing, saving and build a surplus economy again.

It's pain of our own making, let's take it like real men and women.
 
wayneL said:
Well, is borrowing from our children to pay for us to live beyond our means kosher?

I think not.

Let's let this nonsensical period work out of the system an them let's get producing, saving and build a surplus economy again.

It's pain of our own making, let's take it like real men and women.
Click to expand...

Unfortunately for the World, "bankers" and "big business men" are notorious for being averse to [size=+1]pain[/size] - especially if it involves THEM. Apparently, the bigger the bulging hip-pockets of a Banker or Big Business Man, the bigger the twinge they will feel!

Oooh! Poor sods. Imagine having to downsize from a Ferrari to Lambo. Or from a 25 bedroom Riviera-Condo to a 20 bedroom Pommie Manor House. Or worse still, a 15 bedroom Vaucluse Penthouse. Oh, the SHAME of it... :eek:
 
This is becoming more ridiculous by the day.

First, it was $1400 trash cans being purchased at Merrill Lynch and the $1 million dollars used to renovate CEO John Thains office.

Now Citigroup have to be told by the new Obama administration to cancel the purchase of a corporate jet.

I wonder if Peter Schiff would say that the Government should get out of the way and let the private sector choose how they use their failout taxpayer dollars, that are getting thrown at these people living in la-la land. Citigroup and Merrill must think we are still in a thriving liquid bull market. :eek:
Yeah thriving on taxpayers dollars!
And I agree with WayneL too, to be paid by generations to come. :mad:

I do agree with Schiff on the financials though, when decisions like this are released by the media, it gives me little faith in a bank executives grounding in reality! :(

http://www.google.com/hostednews/afp/article/ALeqM5iydnbB6rVcQmAEJiHzEn0XqDfp8g

Citi grounds plans for corporate jet
1 hour ago

NEW YORK (AFP) ”” Citigroup said Tuesday it had "no intent" to take delivery of a new corporate jet, news of which had stirred ferocious opposition from the White House and Capitol Hill.

Citi, which has received 45 billion dollars in US government capital to help it weather the financial crisis, had indicated earlier in the week plans to reduce its fleet of corporate aircraft and purchase at least one that is more fuel efficient.

The New York Post reported the banking giant was readying a purchase of a 50 million-dollar French-made Dassault Falcon 7X, with a plush interior, leather seats, sofas and a customizable entertainment center.

"We have no intent to take delivery of any new aircraft," a Citi spokesman said.

On Monday, the company said it had intended to accept delivery because of "millions of dollars in penalties" if it had refused.

Democratic US Senator Carl Levin on Monday had assailed the plan.

White House spokesman Robert Gibbs had also said that President Barack Obama believed "that great care should be used anytime the taxpayers' money is being used," referring to the bank rescue funds.
 


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