Business AM - Gambling profits dip

Friday February 05, 2010
Morning Edition 
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Gambling profits dip Vanda Carson 11:40PM | Tabcorp's lacklustre profit result, including slide in revenues from its Victorian poker machines, does not bode well for rival gaming giant Tatts Group.

Stocks set to fall as US takes a dive 8:42AM | The Australian market is likely to open in the red after US stocks and commodities plunged. Plus, everything you need to know for the trading day ahead.

Myer in race for customers Eli Greenblat 12:00AM | Department store owner Myer will use better than expected earnings in the first half to fund prolonged campaign of discounting and in-store promotions.

Business News Wire 7:48AM Berlusconi casts doubt on clunker scheme 7:46AM IronClad pulls Lincoln Minerals JV 7:43AM Shell axes more jobs as profits plunge 7:39AM ECB sees 'uneven' eurozone recovery 7:31AM GlaxoSmithKline Q4 profit up 66%
Comment & Analysis
The job continues to be in front of Myer, its boss, Bernie Brookes, and Myer shareholders.
Malcolm Maiden
CMA has a cunning plan, to move into the US with the help of German recycler Scholz, and two new board members.
Ian McIlwraith

Legal counsel for options trader David Waterhouse could request its battle with Merrill Lynch be reopened.!
Mark Hawthorne
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Markets
Around the Markets at 8:54AM EST, 5 Feb 2010
Dow Jones 10002.18 – 268.37 – 2.61%
Nasdaq 2125.43 – 65.48 – 2.99%
Hang Seng 20341.64 – 380.44 – 1.84%
NZ 50 3090.733 – 58.21 – 1.85%
CAC 3689.25 – 104.22 – 2.75%
Quotes & Charts
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Greek tax officials protest over the government decision to cut their supplemental wages.

Blogs There is an almost universal misconception among the public that certain institutions.
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