Fed officials split on stimulus move

omss, this is your Australian Business update for Tuesday, 24 August 2010
	Fed officials split on stimulus move Jon Hilsenrath THE August 10 meeting of top Federal Reserve officials was among the most contentious in Ben Bernanke's four-and-a-half year tenure.   Xstrata signs Deutsche for Sphere deal UPDATE: Michael Bennet DEUTSCHE Bank has added another deal to its resume, advising Xstrata on its $428 million takeover of Sphere Minerals.   GPT to cut stake in $5bn fund UPDATE: Turi Condon, Property editor GPT Group will reduce a 33 per cent a stake in its $5.1 billion funds management business to deliver better returns to investors.   Foster's swings to loss on writedown Cynthia Koons FOSTER'S Group, the subject of takeover speculation, has swung to a full-year net loss of $464.4 million after a writedown on wine assets.   Origin profit helped by new stations Ross Kelly ORIGIN Energy posted a 10 per cent rise in full-year operating profit after it switched on new power generators and got higher gas prices.   Mirvac sees double-digit growth UPDATE: Florence Chong HAVING made some $2 billion worth of acquisitions, Mirvac Group has forecast earnings growth of 10-14 per cent this financial year.   Vale rejects Potash bid speculation UPDATE: Diana Kinch VALE has scotch speculation that it is interested in Potash Corp by denying that it has made any approach to buy any fertiliser company.   Sonic confident as profit rises 71pc Lyndal McFarland AUSTRALIA'S largest pathology operator, Sonic Healthcare, has reported a 71 per cent rise in full year net profit.   Financial Markets Sharemarket down at one-month low THE sharemarket hit a one-month low by early afternoon, shedding 1 per cent amid continuing uncertainty over the election result.   Japan's Nikkei falls below 9000 points Fed officials split on stimulus move   Financial Markets Coverage   Mining & Energy 'Mr Mining' James Foots dies, aged 94 ONE of Australia's most significant mining industry figures, James Foots, has died. He was aged 94.   Whitehaven stock down on profit dive Vale rejects Potash bid speculation   More Mining & Energy Coverage		01:27pm Tiger scraps Queensland flight routes 01:23pm Reality bites Foster's 01:22pm Glitch causes ATM outage at ANZ 01:17pm GPT to cut stake in $5bn fund 01:12pm Shares down 1pc amid uncertain poll result 12:58pm ConsMedia to defend One.Tel claims 12:54pm 'Mr Mining' James Foots dies, aged 94 12:49pm Sharemarket down at one-month low 12:34pm Mirvac sees double-digit growth 12:31pm Mining giant Sir James Foots dies, aged 94 12:30pm Dollar weighed down by market weakness 12:27pm Flight Centre profit fires shares 12:26pm Whitehaven stock down on profit dive 12:18pm Tax risks in Foster's bid 11:57am Xstrata signs Deutsche for Sphere deal   More Business Breaking News
	John Durie Reality bites Foster's REALITY hit Foster's stock price today. Tim Boreham Tax risks in Foster's bid THERE'S a $3.3 billion reason why SABMiller can't buy Foster's beer business, as has been speculated. More Opinion Stories
	Agriculture Vale rejects Potash bid speculation Aviation Flight Centre profit fires shares Banking & Finance Perpetual doubles profit on cost cuts Construction & Engineering Not Wal King away: CEOs hard to shift Green Business Scrapping Wild Rivers legislation 'a priority' Healthcare Sonic confident as profit rises 71pc Infrastructure & Utilities Origin profit helped by new stations Legal Affairs Pollies can spare Bryce unease Leisure & Gaming Aristocrat swings back to black Manufacturing Aristocrat swings back to black Media One.Tel liquidator to sue media giants Mining & Energy 'Mr Mining' James Foots dies, aged 94 Primespace   GPT to cut stake in $5bn fund Retail & Consumer Foster's swings to loss on writedown Small Business Flight control to Major Rob Telecoms 3Par bidding war just the start Transport & Logistics Brambles adopts small-target for US		Highlights GPT to cut stake in $5bn fund UPDATE: Turi Condon, Property editor GPT Group will reduce a 33 per cent a stake in its $5.1 billion funds management business to deliver better returns to investors.   Fed officials split on stimulus move Potash seeks bids as BHP snubbed   More Highlights   Executive Lifestyle For the pride and groom Sue Williams AUSSIE blokes are increasingly interested in saving their own skins.   Hotel of the week: Mumbai's jewel   More Primespace Coverage   Portfolio Manager Currencies Map Portfolio Login RSS Feeds Alerts (Email/Mobile) Vanguard Volatility Chart Alerts Login Interactive Charting
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