Business AM - Time to act on wine glut

Tuesday January 12, 2010
Morning Edition 
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Time to act on wine glut Eli Greenblat 12:00AM | Leading wine industry figure John Casella throws his weight behind calls for thousands of hectares of vineyards to be ripped out to end the crisis facing the sector.

Positive offshore leads but local futures flat 7:35AM | Metals were higher overnight but Wall Street indices were flat to mixed in afternoon trade. Plus, everything you need to know for the trading day ahead.

Macquarie makes British power bid Eric Johnston 12:00AM | Macquarie Group has reportedly joined the race to acquire a huge British power-distribution network.

Business News Wire 7:21AM Abu Dhabi fund eyes long-term in West 6:35AM Optimism at Detroit auto show 10:22PM China is world's largest auto market 9:23PM London stocks hit 16-month high 8:30PM MinRes moves to acquire Polaris shares
Comment & Analysis
The rising tide of commodities speculation suggests the Aussie dollar is in for a wild 2010.
Michael Pascoe at 1:09pm
Construction is up, but the liquidity check looms.
John Garnaut

This is going to be just another one of those columns about why Kevin Rudd is all talk and no action, on how he kowtows to vested interests and shies away from tough decisions.!
Jacob Saulwick
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Markets
Around the Markets at 8:22AM EST, 12 Jan 2010
Dow Jones 10666.49 + 48.30 + 0.45%
Nasdaq 2312.41 – 4.76 – 0.21%
Hang Seng 22411.52 + 114.77 + 0.51%
NZX 3300.756 – 2.99 – 0.09%
CAC 4043.09 – 2.05 – 0.05%
Quotes & Charts
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Business Videos
The FTSE has had a strong start to 2010, but it's not the only economic indicator to hint at a recovery.

Blogs Enforceable undertakings could colour ASIC's criminal prosecutions.
Adele Ferguson at

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