Business AM - Shares drop on bank plan

Friday January 22, 2010 Morning Edition  Business News    Markets    Quotes    Money    Innovation    Small Business    Executive Style    Mobile    Shares drop on bank plan 8:53AM | US President Barack Obama proposes stricter limits on banks' risk-taking in a move that sent bank shares tumbling. Woodside output misses target 10:38AM | Woodside Petroleum posts a 13 per cent fall in its fourth-quarter output and misses its full-year production target. MIG trims portfolio value ahead of split vote 9:46AM | Macquarie Infrastructure Group reduces the valuation of its portfolio by 0.3% ahead of a vote on the fund's restructure proposal. Sydney Airport lands 5.6% profit gain Lihir Gold output hits new record Payouts drive car, home insurance rises China's hot economy puts heat on rates AXA baits its hook with profit upgrade Business News Wire 10:28AM Villa Maria partners with US wine group 10:25AM AACo downgrades guidance to $53-60m loss 9:41AM Macmahon wins $A155 quarry contracts 9:39AM Sydney Airport posts earnings growth 9:38AM MIG releases portfolio evaluation Comment & Analysis AXA Asia Pacific cranks up the bidding stakes with a bullish earnings update. Adele Ferguson It was a fairly triumphant return to Melbourne yesterday for NAB's former chief executive of Australian operations Ahmed Fahour. Mark Hawthorne Beijing is making a mistake in censoring the internet.! Thomas Friedman Advertisement Markets Shares join global slide US stocks tumble on Obama bank plan Dollar wilts on US bank plan Around the Markets at 10:47AM EST, 22 Jan 2010 Dow Jones 10389.88 – 213.27 – 2.01% Nasdaq 2265.7 – 25.55 – 1.12% Hang Seng 20862.67 + 0.00 + 0.00% NZX 3200.529 – 24.76 – 0.77% CAC 3862.16 – 66.79 – 1.70% Quotes & Charts Browse by industries » Advertisement Make money while you sleep with MoneyManager Compare savings accounts, interest rates and account fees to help you find the best deal on offer in Australia. Find out where at Moneymanager.com.au. World Business Google shares fall after profit misses mark Bank CEOs should lose wealth in failures: Buffett UK public borrowing hit new highs Small Business ACCC cracks down on creeping acquisitions Get set for higher tax, says Henry Something rotten in the state of insolvency practitioners Money Your budget boot camp Not all IPOs are equal Mutual satisfaction Business Videos The Secretary to the Treasury, Ken Henry, has dashed expectations his review of the tax system will pave the way for lower tax. Obama gets tough on banks Goldman Sachs charity bonus Blogs Cockatoo Ridge's woes are part of wider pain that could last years unless pollies have something up their sleeves. Ian McIlwraith at Executive Style Giorgio Armani's urban collection Shark tops BRW sports rich list Milan Men's Fashion Week Stay on top of all the market developments with Business Day on your mobile. Get it now member centre | network map | mobile | advertise with us SMH | THE AGE | AFR | MYCAREER | DOMAIN | DRIVE | FINANCE | FAIRFAX NZ Contact Us: If you would like to provide feedback, use the 'Contact Us' link. Do not reply to this email. Security Reminder: Fairfax Digital never requests personal or credit card information via email. Be wary of suspicious emails claiming to offer Fairfax Digital services. You are currently subscribed to this newsletter as: atlantm1210@ukr.net, using atlantm1210@ukr.net Unsubscribe | Privacy | Conditions of Use | Member Agreement