Saturday, June 09, 2012

Lingerie Football League All-Star Games Tour; Sydney, Australia - 9th June 2012

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Events Sydney Lingerie Football League Games Sport



Tonight the American born Lingerie Football League enjoyed its virgin game on Australian soil.

All Phones Arena was blessed with the privilege of staging the first game in Australia.

What was on offer? - tits and ass of course, and a good spread of athletic talent. We really enjoyed the girls individual celebrations after they scored the all important touchdowns, made even more visually titillating with spray tan thanks to the sponsor - Mobile Spray Tanning.

If your into NRL you might be into this, and if your into pro wrestling aka sports entertainment, you will probably have a strong appreciation of this unusual, titillating and exciting sport that seems to be perfect for a good number of Australian alpha males.

Well done players and promoters for putting on a heck of a show. Looks like this special brand of footy has already developed more than just a grass roots fan base down under in Australia.

Promo...

The 2012 LFL All-Star Game will feature 32 of the most athletic and beautiful women across the league as the Western and Eastern Conference teams clash in front of projected capacity crowds in Sydney and Brisbane, two cities that the LFL has identified as being potential homes for two of the franchises in 2013. Expect these games to be as explosive, combative and competitive as all the LFL games are as each player strives to impress for selection into the teams in 2013.

LFL Football, described at the 'ultimate live sports experience', has developed one of its largest international fan bases in Australia having developed a cult-like following on Australian broadcaster Fuel TV since the league’s inception in 2009. As much success as the LFL has enjoyed in the US, internationally the appetite for LFL Football has been even greater being broadcast in nearly 43 countries and drawing near capacity crowds in previous international game play in Mexico and Canada. The appeal internationally has been strong enough for the LFL to announce the formation and kick-off of several international leagues to include LFL Canada (Fall 2012), LFL Australia (Summer 2013) and LFL Europa (2014).


Newsflash: Federal Minister for Sport Kate Lundy Is Not A Fan!...

Federal Minister for Sport Kate Lundy: "Stop the Lingerie Football League in Australia. Our daughters deserve more. The LFL is about giving viewers an opportunity to perve on women in gear that looks like it's come from an adult shop. It's called the Lingerie Football League because it's almost exclusively about the underwear."

Women of the match?

Chloe Butler and Liz Gorman seemed to get over pretty well with the Sydney fan base. Not bad looking for football players, and multi talented for certain.

Websites

Lingerie Football League (Australia)

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Clover Moore reveals plans to have a MONOPOLY on Sydney - 8th June 2012

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Sydneysiders will no longer need to “Pass Go” on the streets of London to collect $200 with the announcement today that Sydney city is to be immortalised with its very own official MONOPOLY board.

Not only can Sydneysiders look forward to playing the world’s best loved game on iconic Sydney streets and landmarks, they can also have a say as to what hot properties will make it onto the first ever Sydney MONOPOLY board. Before any dice are rolled the game’s makers will be consulting locals to ascertain which city landmarks should be selected to swap places with the famous London locales.

Sydney’s proudest resident, Lord Mayor Clover Moore became the first to “like” the Sydney MONOPOLY Facebook page when it went live today before giving her thoughts on what she’d like to see on the board.

The Lord Mayor said a global city like Sydney deserved to be immortalised in the world’s most famous game and said, “Sydneysiders are fiercely proud of our great city and its iconic places like the Sydney Opera House and Oxford Street.”

“I’d encourage everyone to have their say about which Sydney streets should replace those famous London names like Fleet Street and Pall Mall.”

“I think our beautiful high streets like King Street in Newtown, Glebe Point Road and Oxford Street should fill these squares. And of course, our plans to transform George Street will make it a globally recognisable landmark that deserves one of the top spots.”

It is not just places but people hoping to score a guernsey on the new MONOPOLY board and to this end, Gary Rohan from Sydney Swans was on hand to receive the good news that his team will be part of the game.  He said “In 2012, the Sydney Swans are celebrating 30 years in Sydney as an integral part of this city’s sporting landscape.  To be included on this iconic board game and Sydney’s first ever Sydney MONOPOLY is a great privilege for us.”

From today until June 24th MONOPOLY enthusiasts are invited to nominate Sydney properties via the Sydney MONOPOLY Facebook page at http://www.facebook.com/sydneymonopoly or by emailing info@winningmoves.com.au.  The most popular two places will then be given the prestigious dark blue Mayfair and Park Lane positions on the original London MONOPOLY board. There will also be lots of other twists and changes too, including Sydney themed ‘Community Chest’ and ‘Chance’ playing cards.

Winning Moves, manufacturers of the official MONOPOLY Sydney version, under license from Hasbro, says the game will be on shop shelves in time for this Christmas.

Winning Moves Business Development Manager, Reid Herbert, says, “We are looking forward to receiving input from MONOPOLY fans far and wide so that we can ensure Sydney MONOPOLY is a real reflection of all that we love about Sydney.”  He added, “The spirit and shape of this customised edition will remain the same as with the traditional game but now you will be able to buy and own your favourite Sydney landmark for MONOPOLY money.”

MONOPOLY first hit shop shelves in 1935 – and since then has been played by more than 500M people. Today it is played in 111 countries and enjoyed in 43 different languages. The new MONOPOLY: Sydney Edition will be available in November from leading toy retailers across Australia.  MONOPOLY © 1935, 2012 Hasbro. All Rights Reserved.

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Clover Moore official website

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PartyCasino 5 Star Vegas Dream Ticket

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Friday, June 08, 2012

Beastie Boy Adam "MCA" Yauch tribute at MCA Sydney, Australia

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The late Beastie Boy Adam "MCA" Yauch was a multi-talented rapper, producer and humanitarian who enjoyed a strong following the world over.

Last week Sydney based fans Dan White and James Beswick remembered MCA in a touching and creative tribute at the Sydney MCA (Museum of Contemporary Art), and MCA and music fans will be delighted to learn that the tribute was captured on both video and camera.

Kym Staton from the Human Statue Bodyart agency was made up to be MCA and sent heads turning in and around the famous Sydney Museum.

You can see the amazing tribute video here https://vimeo.com/43588064

The tribute sign at the Sydney MCA reads...

MCA tribute at the MCA, 2012

(Human Instillation)

A silent tribute in honour of Beastie Boy Adam "MCA" Yauch, who recently passed away after a battle with cancer.

Performed in aid of The Cancer Council.

Yauch was one of the most seminal artists of the last 25 years, helping shape and evolve hip-hop and rock scenes alike. His lyrically anarchy knew no bounds, "spitting" rhymes that were both progressive and philosophical, and thus it was sadly ironic that his death should come due to cancer of the salivary gland.

We salute him in silence, as no amount of intimidation could replicate his genius. He'll truly be missed.

R.I.P. MCA.

Please give generously to The Cancer Council via the Facebook page. Thank you.

www.facebook.com/MCAattheMCA









Websites

Vimeo tribute to MCA

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Cancer Council of NSW tribute website

MCA at the MCA Facebook

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Echo chairman bows to Packer pressure - 8th June 2012

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Casinos Australian Casinos The Star Echo Entertainment Crown Limited Crown Casino Crown Melbourne High Rollers Casino Whales Gambling Fairfax Media World Casino Directory



Echo Entertainment chairman John Story has resigned from the board of the casino operator due to James Packer's efforts to remove him.

"The board of Echo has formed the view that the ongoing disruptive campaign ... for the removal of Mr Story was damaging to the company, and that it was in the best interests of shareholders that Mr Story not contest the resolution," Echo said in a statement today.

Mr Story wanted the issue to be put to shareholders but accepted the view of the board, Echo said.

Mr Packer is the largest stakeholder in Echo's rival casino operator Crown, which holds a 10 per cent stake in Echo.

Echo shares rallied on the news, rising as much as 4.7 per cent to $4.50, before easing back to $4.44 in recent trade. The shares are up about 24 per cent in 2012, mainly because of speculation that the billionaire wants a bigger stake.

Echo is worth about $3 billion, roughly half the size of Crown.

Crown shares, 48 per cent owned by Mr Packer, were recently down 15 cents, or 1.8 per cent for the day, at $8.21, and up just 1.7 per cent for the year.

Echo shareholders were due to meet in July to consider Mr Packer's request that Mr Story be removed from the Echo board, and that Jeff Kennett, the former Victorian premier, be appointed. A meeting may still go ahead to consider Mr Kennett's nomination.

Mr Packer’s move is aimed at giving Crown a piece of the lucrative Sydney casino market.

Echo owns the only casino licence in Sydney, and operates the Star. It also owns the Jupiters casinos on the Gold Coast and in Townsville, and the Treasury casino in Brisbane.

Crown operates the Crown casino in Melbourne and the Burswood casino in Perth.

John O'Neill, a non-executive director at Echo and chief executive of the Australian Rugby Union, has been appointed acting chairman of Echo. AAP


Echo chairman bows to Packer pressure - 8th June 2012...

Update Echo Entertainment chairman John Story has resigned from the board of the casino operator, blaming James Packer's efforts to remove him.

"The board of Echo has formed the view that the ongoing disruptive campaign ... for the removal of Mr Story was damaging to the company, and that it was in the best interests of shareholders that Mr Story not contest the resolution," Echo said in a statement today.

Mr Story wanted the issue to be put to shareholders but accepted the view of the board, Echo said.

John O'Neill, a non-executive director at Echo and chief executive of the Australian Rugby Union, has been appointed acting chairman of Echo.

In a statement released this afternoon, Mr Packer welcomed the appointment of Mr O'Neill as acting chairman.

Mr Packer also dropped his efforts to seek a meeting of Echo shareholders his plan to get former Victorian premier Jeff Kennett onto the board of rival casino operator Echo Entertainment.

Echo jumps

Mr Packer is the largest stakeholder in Echo's rival casino operator Crown, which holds a 10 per cent stake in Echo.

Echo shares rallied on the news, rising as much as 4.7 per cent to $4.50, before easing back to $4.44 in recent trade. The shares are up about 24 per cent in 2012, mainly because of speculation that the billionaire wants a bigger stake.

Echo is worth about $3 billion, roughly half the size of Crown.

Crown shares, 48 per cent owned by Mr Packer, were recently down 15 cents, or 1.8 per cent for the day, at $8.21, and up just 1.7 per cent for the year.

Echo shareholders were due to meet in July to consider Mr Packer's request that Mr Story be removed from the Echo board, and that former Victorian premier Mr Kennett be appointed. That meeting will now not proceed.

Mr Packer’s overall move is aimed at giving Crown a piece of the lucrative Sydney casino market.
Echo owns the only casino licence in Sydney, and operates the Star. It also owns the Jupiters casinos on the Gold Coast and in Townsville, and the Treasury casino in Brisbane.

Crown operates the Crown casino in Melbourne and the Burswood casino in Perth.

Genting interest?

Separately, Echo Entertainment's board has not had any discussions with Singapore gaming operator Genting, which revealed today it had built a stake in the company, a source with knowledge of the situation said.

Analysts have speculated that Genting is preparing for an acquisition, having built up a war chest of $S3.9 billion ($3 billion), and said Echo's casinos were in cities where Genting had attempted to win licences in the past. AAP, with BusinessDay, Reuters

News

Australian business press digest: June 7...

Compiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy.

THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com)
--The possibility of John Story resigning as chairman of casino operator Echo Entertainment Group was discussed this week during investor meetings in a bid to negate a campaign by billionaire James Packer to have him removed. "The basis of the proposal was the concern that James Packer was threatening to do damage to Echo on an ongoing basis  it wasn't a concern in relation to my chairmanship, it was about diffusing the situation," Mr Story said. Mr Packer's Crown Ltd, a rival casino operator, currently owns 10 percent of Echo. Page 23.

--A report by professional services firm PricewaterhouseCoopers has found that large resources companies are looking to spend their cashflow on growth, while their investors would prefer capital returned due to concerns over falling commodity prices and rising project outlays. "What has surprised is the disconnect versus the rest of the market  to turn that around, it is going to take a realignment of expectations between the industry and investors," Jock O'Callaghan, mining leader and PwC, said. Page 25.

--Private equity firm Castle Harlan has been sued in the United States by an investment firm over what the latter alleges was a "quick-flip" sale of Norcast Wear Solutions to Australian foundry and engineering firm Bradken. Bradk en acquired the Canadian firm for A$217 million, after Castle Harlan purchased the business from Pala Investments for A$190 million only hours earlier. Pala lodged a case in the Federal Court against Bradken last month, claiming that the firm had participated in bid rigging. Page 25.

--James Warburton, chief executive of free-to-air broadcaster Ten Network, yesterday warned that there would be no short-term rebound in television advertising revenue. "We must be smarter [about programming costs] and we must drive our average hourly costs down," Mr Warburton said. The company yesterday announced a A$200 million capital raising, which would be used to pay down debt and cover the cost of new programming. Page 26.

THE AUSTRALIAN (www.theaustralian.news.com.au)

--Qantas Airways has dropped more than A$600 million in value this week after chief executive Alan Joyce announced a 91 percent drop in underlying pre-tax profit to between A$50 million and A$100 million. The unexpected announcement, which sparked a plunge in Qantas shares to A$1.125 yesterday from A$1.42 on Monday, has led some to question how much longer Mr Joyce will be leading the airline. Page 23.

--Margaret Jackson, former chairman of Qantas Airways, yesterday said that the airline's board decided to present to shareholders A$11 billion takeover bid for the company by the Airline Partners Australia consortium in late 2006 because "it was deemed to be a good offer". "The aviation industry at the time was going through an unusually favourable environment," Ms Jackson added. Qantas' current market capitalisation is approximately A$2.6 billion. Page 23.

--Bruce Gordon, James Packer, Lachlan Murdoch and Gina Rinehart have all banded together to inject A$84 million into a capital raising designed to ease the debt burden on Ten Network. The free-to-air broadcaster is looking to raise A$200 million to invest on programming and provide flexibility. "Given the uncertain revenue environment and our strategy of investing in programming renewal, the board felt it was important to strengthen our balance sheet at this time," Mr Murdoch, chairman of Ten, said. Page 23.

--Marius Kloppers, chief executive of BHP Billiton , yesterday rebuffed calls for the resources giant to return more capital to shareholders, with speculation mounting that the company will scrap its five-year capital expenditure goal of A$82 billion. "I have to tell you that my baseline demeanour against a volatile current backdrop is to be very conservative  conservatism stood us in good stead in the global financial crisis and  will stand us in good stead as we try to create long-term value in this current environment," Mr Kloppers said. Page 23.

THE SYDNEY MORNING HERALD (www.smh.com.au)

--The former head of the Brown Brothers winery and current chairman of the Australia's First Families of Wine awareness group, Ross Brown, yesterday criticised major retailers for filling store shelves with copycat brands. In an address to a First Families event, Mr Brown reportedly declared that some retailers were acquiring surplus wine and putting a label on it to make it more alluring to customers. "I call them hollow logs  they are just a label which has none of these values that traditional family wine companies bring to the market," he said. Page B1.

--Fund managers have expressed outrage after investment bank Macquarie Group recently announced it would more than double the yearly fees for distributing products on its investment platform. "You've basically got to pay up to stay on board  ultimately what it means is I've got to pass it on - so the end user will suffer," said Winston Sammut, director of Maxim Asset Management, which has pulled its fund from Macquarie's platform. Page B3.

--Tony Haggarty, managing director of Whitehaven Coal, yesterday said the miner's Ferndale joint venture with Coalworks would not be impacted by an investigation by the Independent Corruption Against Commission into former New South Wales minister Ian Macdonald's granting of mining rights. "I don't see how [the inquiry] could affect the standing of the tenement  that omelette would be extremely difficult to unscramble," Mr Haggarty said. Page B3.

--Fears over the ability of Reed Group to survive have increased as subcontractors who are owed money by the construction firm are being asked to join a class action against the New South Wales government. The news comes after the state Department of Education revealed that it did not owe anything to Reed for construction contracts relating to Building the Education Revolution projects. Page B3.

THE AGE (www.theage.com.au)

--Global miner BHP Billiton is preparing to drastically restructure its A$20 billion expansion of Port Hedland's outer harbour after yesterday announcing that it would prefer a staggered development of the Western Australian port due to the state's "pretty hot" economy. "We probably feel that dramatically upping your workforce requirements and so on, and your capital spend right now is not what we want to do, particularly because we are kind of fully committed over the next two years on our capital spend," chief executive Marius Kloppers said. Page B1.

--Broadcasters, mobile phone network operators, emergency services and other users of Australia's wireless spectrum have been asked to help update the methodology used for allocating spectrum. Oeter Haris, secretary of the Federal Department of Broadband, Communications and the Digital Economy, yesterday said that the renewing of Vodafone Hutchison Australia and Telstra's mobile licences earlier this year "was not - for all participants - very elegant". Page B2.

--The Star casino in Sydney has sued 10 high rollers, including a businessman with connections in Macau and a Thailand property developer, in the New South Wales Supreme Court in a bid to recover A$23 million. The legal action comes after Echo Entertainment Group, owner of The Star, last week wrote off almost A$30 million associated with the collapse of SilkStar Global Marketing, a casino marketing firm targeting high rollers. Page B3.

--Australian Securities Exchange-listed gold junior Indochine Mining has become an investment target for global investment fund BlackRock, which acquired 9 percent of the company for A$5.2 million, it was revealed yesterday. The holding was acquired through a placement where BlackRock purchased 65 percent of shares on offer. Stephen Promnitz, chief executive of Indochine, predicted the spot price of gold to push beyond US$1800 an ounce before the close of the year. Page B4. Reuters

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Thursday, June 07, 2012

will.i.am performs at Vivid Sydney - The Rocks, Sydney

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Intel's Director of Creative Innovation willi.i.am played his latest world-first interactive music and light collaboration on the facade of the refurbished Museum of Contemporary Art tonight as part of Vivid Sydney.

Internationally renowned musician, producer and technology advocate will.i.am was in Sydney tonight for the festival of light, music and ideas - Vivid Sydney.

Created for Vivid Sydney by digital arts company Spinifex, using technology powered by the Intel third generation processor family, the installation allows festival-goers to literally 'play' the Museum of Contemporary Art via a purpose-built interface that interacts with will.i.am's music and the projections of Sydney artist Justene Williams.

About Vivid Sydney...

Sydney will once again be transformed into a spectacular canvas of light, music and ideas when Vivid Sydney takes over the city after dark from 25 May – 11 June 2012.

Colouring the city with creativity and inspiration, Vivid Sydney highlights include the hugely popular immersive light installations and projections; performances from local and international musicians at Vivid LIVE at Sydney Opera House and the new Vivid Ideas Exchange at the MCA featuring public talks and debates from leading global creative thinkers.

Vivid Sydney is a major celebration of the creative industries and the biggest festival of its kind in the Southern Hemisphere, attracting over 400,000 attendees in 2011.

Now heading into its fourth year, Vivid Sydney was ranked in the Top Ten global ideas festivals by the influential Guardian newspaper in the UK.

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Star sues high rollers over debt - 7th June 2012

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The Star casino is suing 10 high rollers in an effort to recover $23 million in bad debts.

Court records show The Star filed claims against the 10 in the New South Wales Supreme Court in late February.

The individuals include a property developer from Thailand, an entrepreneurial Thai businesswoman, and a businessman with high level community interests from Macau.

Echo Entertainment revealed last week that it had written off nearly $30 million following the failure of VIP junket operator SilkStar Global Marketing and the high rollers' bad debts, which has given ammunition to James Packer in the war of attrition against Echo and its chairman, John Story.
As he continued a campaign of daily newspaper advertisements urging shareholders to dump Mr Story and elect Jeff Kennett as a director, Mr Packer yesterday referred to ''poor credit controls at The Star''.

''Echo wrote off $29.9 million associated with the liquidation of a marketing partner and bad debts - highlighting concerns about credit control at The Star,'' the advertisement said.

In its statement to the market last week, Echo said the operator, SilkStar, had gone into liquidation in March owing the casino $7 million. It also revealed some of the international VIP customers introduced to Echo by SilkStar had outstanding debts.

It said it had decided to increase the impairment provision against ''this group of customers'', which it said amounted to $22.9 million.

''Echo will however continue to vigorously pursue all avenues to recover the moneys outstanding from these customers,'' the company said.

Yesterday, an Echo spokesman declined to comment as the matter was before the courts.

Given the value casino operators put on ensuring the privacy of their high rollers, the public court action is a high profile foray into debt collection.

Echo recently went to court and succeeded in gagging the ABC from using information about high rollers' identities which it had obtained.

Echo closed at $4.27, down 3¢ on the previous day. (Fairfax Media)

News

THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com)
--The possibility of John Story resigning as chairman of casino operator Echo Entertainment Group was discussed this week during investor meetings in a bid to negate a campaign by billionaire James Packer to have him removed. "The basis of the proposal was the concern that James Packer was threatening to do damage to Echo on an ongoing basis  it wasn't a concern in relation to my chairmanship, it was about diffusing the situation," Mr Story said. Mr Packer's Crown Ltd, a rival casino operator, currently owns 10 percent of Echo. Page 23.

--Bruce Gordon, James Packer, Lachlan Murdoch and Gina Rinehart have all banded together to inject A$84 million into a capital raising designed to ease the debt burden on Ten Network. The free-to-air broadcaster is looking to raise A$200 million to invest on programming and provide flexibility. "Given the uncertain revenue environment and our strategy of investing in programming renewal, the board felt it was important to strengthen our balance sheet at this time," Mr Murdoch, chairman of Ten, said. Page 23.

--The Star casino in Sydney has sued 10 high rollers, including a businessman with connections in Macau and a Thailand property developer, in the New South Wales Supreme Court in a bid to recover A$23 million. The legal action comes after Echo Entertainment Group, owner of The Star, last week wrote off almost A$30 million associated with the collapse of SilkStar Global Marketing, a casino marketing firm targeting high rollers. Page B3. (The Sydney Morning Herald / Reuters)

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Wednesday, June 06, 2012

Janoskians appearance at Liverpool, Westfield - 2nd June 2012

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Today The Janoskians' made an official appearance at Westfield, Liverpool, in Sydney's western suburbs.

As you might expect, thousands of teenage female fans showed and the shopping centre was soon packed out and it was standing room only.

Promo...

MEET THE JANOSKIANS!

Westfield is happy to host the Janoskians' Australian Meet & Greet tour with starting this June at Westfield Liverpool.

The Janoskians' are a worldwide You-tube and internet sensation and the 5 boys (Luke, James, Jai, Daniel & Beau) are coming to meet their fans at Westfield centres. The boys will be signing autographs and meeting their young fans. Merchandise of the boys will be available to purchase at the signing sessions.

The Janoskians are famous for their ‘Awkward Train Situations' You tube series as well as short videos mockumentarys, dares and pranks videos and live video blogs.  

Come meet Luke, James, Jai, Daniel & Beau at any of the following locations and times

June 2nd Westfield Liverpool - 12:30 PM Centre Court

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Westfield

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Australian business press digest: June 6

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Compiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy.

THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com)
New South Wales Premier Barry O'Farrell yesterday said that the push by casino operator Crown Ltd's to seize control of rival Echo Entertainment Group was "starting to look like a political campaign". Mr O'Farrell also acclaimed Crown chairman James Packer, who is attempting to have John Story removed as chairman of Echo, as a "shrewd and successful" businessman. Page 17.
--
Hardware big-box retailer Bunnings is being encouraged to increase its use of e-commerce, with rival home-improvement franchise Masters preparing to unveil Australia's biggest online do-it-yourself store. "Online (hardware) is a growing category. The percentage online has gone up more than other categories such as food and groceries, alcohol and furniture," Phil Harpur, senior research manager at analysts Forrester Research, said. Page 17.
--
Campbell Wilson, chief executive of Scoot, yesterday said that the discount airline could lure customers away from rivals such as Jetstar despite the current turbulent economic conditions. "People's desire to travel doesn't change because of the economy, particularly leisure travel. It's just their willingness to pay for it, and so if they can still get a good value option, they will take it, and they will trade to an airline like us that offers very good value," Mr Wilson remarked. Page 18.
--
Paul Howes, national secretary of the Australian Workers Union, yesterday said it was "absolutely amazing" that the Foreign Investment Review Board's approval was not required for Etihad Airways to increase its stake in local rival Virgin Australia. "Ultimately, Etihad is a plaything of the Abu Dhabi royal family  that means it is essentially sovereign capital and it is taking a significant stake in Australia's second biggest airline  not being subject to [the review board's] scrutiny is ludicrous," he said. Page 18.
--
THE AUSTRALIAN (www.theaustralian.news.com.au)
The Reserve Bank of Australia yesterday reduced official interest rates by 25 basis points to 3.5 percent, but some analysts said the decision was insufficient to substantially boost the local economy. Belinda Allen, senior analyst at wealth management group Colonial First State, yesterday said that while the move would generate "some short-term confidence" it would be "hard to see strong gains in the market" until there was a more substantive solution to the European debt crisis. Page 35.
--
The International Energy Agency yesterday announced that Australia's A$205.5 billion pipeline of liquefied natural gas ventures may be held up by high costs and various other project risks, which could cause gas prices to surge in 2015. "These projects are likely to face many challenges, including higher capital costs and workforce shortages; they are expected to come on later than announced," the agency stated in a report. Page 35.
--
James Hogan, chief executive of Etihad Airways, last night confirmed that the airline was holding discussions with the Foreign Investment Review Board to increase its holding in rival Virgin Australia. "Certainly, we don't intend to become a majority investor. We're keen to have a strong minority stake that strengthens our partnership with Virgin Australia," Mr Hogan said. Page 35.
--
Shares in Qantas Airways yesterday plunged by A26.5 cents to A$1.155 after chief executive Alan Joyce announced that the company was scheduled to report its first annual loss since listing on the local stockmarket in 1995. The airline is now worth A$2.6 billion on the market, well below the A$11 billion takeover offer from Airlines Partners Australia that was rejected by Qantas shareholders in 2006. Page 35.
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THE SYDNEY MORNING HERALD (www.smh.com.au)
Analysts NAB Global Markets yesterday warned that Qantas Airways could see its credit rating downgraded by global agencies, after Qantas chief executive Alan Joyce predicted annual underlying profit to decrease by 91 percent. Mr Joyce yesterday tried to reassure investors that Qantas "cashflow remained strong" and that "no plans for an equity raising to bolster capital" were underway. Page B1.
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The Australian Securities and Investments Commission yesterday confirmed that there was "insufficient evidence" to prosecute Jack W. Flader, the former Hong Kong businessman behind the largest superannuation theft in Australian history. Deb O'Neill, who led a parliamentary inquiry into the matter, said that it was "now the responsibility of the Australian Federal Police and the Australian Crime Commission to investigate". Around A$123 million in funds was scammed through a complicated nexus of foreign funds. Page B3.
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PPB Advisory, the administrators of Hastie Group, yesterday declared that buyers had been found for the collapsed engineering firm's mechanical services division D&E Air Conditioning and its Cooke & Carrick hydraulics business, preventing 408 employees from being made redundant. Craig Crosbie, partner at PPB Advisory, said he expected three more units to be sold off shortly, which would save another 50 jobs. Page B3.
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Warrnambool Cheese & Butter yesterday said reductions in prices for commodity dairy products like skim milk powder had forced the company to lower its profit projections for the current financial year. The cheese and butter manufacturer announced that net profit after tax would be as much as 30 percent lower than last year's A$18.5 million result. Paul Jensz, analyst at researchers Austock, praised management for limiting the earnings downgrade to the extent it did given the market conditions. Page B4.
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THE AGE (www.theage.com.au)
Bank of Queensland yesterday announced that it would lower variable borrowing rates by 20 basis points to 6.91 percent, after the Reserve Bank of Australia decided to cut the official cash rate by 25 basis points to 3.5 percent. Economists at Westpac Banking Corporation forecast that the central bank would lower rates later this year, with a prediction that the cash rate would be 2.75 percent by the end of 2012. Page B1.
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Coca-Cola Amatil (CCA) yesterday announced a six-step program for re-entry into the local brewing sector, which will see the beverage manufacturer compete against global giants like SABMiller and Kirin. According to documents filed with the Australian Securities Exchange yesterday, CCA will initiate export an program for its Fijian beer labels and begin creating strategic partnerships. The company would then use international partnerships to enter the New Zealand market. Page B2.
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Logistics group QR National yesterday announced it would terminate over 500 jobs, mainly from its maintenance and manufacturing departments. "We continue to deal with a raft of legacy issues including higher than required staffing levels, high corporate overheads and bureaucratic structures, after more than 145 years in government ownership," managing director Lance Hockridge said. "Our cost base is too high when compared to competitors and rail industry peers," he added. Page B4.
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The Fair Work Ombudsman yesterday declared that it was inquiring into claims from former Future Building Material Corp employees relating to unpaid superannuation and wages. The building materials firm was established by John Hancock, son of the wealthiest woman in the world, mining magnate Gina Rinehart. Jerome Naidoo, Mr Hancock's business partner, yesterday said he "welcomed the investigation". Page B4.
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Reuters

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Madame Tussauds Sydney, Australia: Captain Cook sails into Darling Harbour to track the Transit of Venus

Captain Cook sails into Darling Harbour to track the Transit of Venus...


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Madame Tussauds Sydney enjoyed having Captain Cook get waxed at Sydney's Madame Tussauds in Darling Harbour early this morning.

Captain Cook is one of many Australian icons to be announced as attractions to appear in the museum, which will eventually feature more than 70 wax figures.

He joins a large contingent of Australian sportspeople, politicians and stars in the $14 million tourist attraction.

Merlin Entertainment Australia director Edward Fuller isn't revealing which other Australian stars have been selected for the local exhibition, but he has said extensive research has been done to ensure the right mix of the famous and infamous.

"The key thing is that there will be a really strong line-up of local stars," Mr Fuller said.
A team of artists is working furiously to have the sculptures ready in time for the opening. Each wax model requires about 20 artists, from sculptors to painters, and can take up to six months to complete.

"The hair is all individually inserted into the head," Mr Fuller said, adding that capturing the "character and atmosphere" of the subject was the artists' goal.

To assist in this, many of the celebrities immortalised by Madam Tussauds' artists donate their own clothes to help create a sense of authenticity.

"That's the icing on the cake," Mr Fuller said.

"Not only can you get up close and personal to your favourite star but they're actually wearing the clothes they might have turned up to the Oscars in."

Promo...

The Transit of Venus – when the planet Venus transits across the face of the sun – is a very rare occurrence that Captain James Cook tracked from Tahiti in 1769, leading him to eventually map the whole East coast of Australia.

Since the phenomena was first recognized, there have only been six transits of Venus with the most recent one occurring in 2004 and the one following June 6th 2012 to occur on 11th December 2117.

WHAT: Relive the adventure with Captain James Cook who is returning to Sydney Harbour in a Red
Rocket for another viewing of the Transit of Venus, and the last for 105 years.

Madame Tussauds Sydney promo...

Step into the world of celebrity with over 70 of the world's best known personalities, our very own Aussie stars and a range of fun interactive experiences at Madame Tussauds Sydney.  You can get on stage with pop stars, rub shoulders with the most powerful politicians, and even test your sporting skills against the greats. With a whole host of stars, legends and interactive experiences, Madame Tussauds Sydney really does add up to a red hot outing where the whole family can meet, greet, chat up, debate, hug and sing with their favourite celebrity.

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Monday, June 04, 2012

Media Man considering trade sale; open to advisors, director says

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Media Man Greg Tingle Publicity Hitwise Internet Brands Advertising

Proprietary Intelligence

Media Man, the privately-held Australia media and publicity company, "is considering selling" within the next six months, said founder and director Greg Tingle. The company could be worth AUD 5m-plus [USD 4.7m] depending on the success of current deals being negotiated, Tingle added. He owns the company and would want to remain "proactively involved" in a management capacity if he decided to sell. He would also consider splitting the company's public relations and online advertising arms and selling one of the divisions off.

When asked why he was considering a sale, Tingle said, "I have been working extremely hard over the last seven years and want to relax a bit more." The company would be of interest to prospective buyers because of its "proven business model," attractive client list and "website traffic."

Interested buyers could include Australian-listed media group Consolidated Media Holdings [CMH], Tingle said. However, when contacted, a CMH spokesperson said the company was uninterested in acquiring Media Man.

Media Man employs The Tax Planning Professionals as its accountant, but was open to approaches from advisors with opportunities, Tingle said.

Media Man was founded seven years ago. It specialises in media services, public relations/events and online advertising. It is also involved with environmental projects such as Pittwater High School's Solar Power Station.

Media Man's clients include Virgin Games and Virgin Casino. The company was named as one of Hitwise's Top Ten websites in the entertainment/celebrity category in 2005 and 2007, and won a Virgin Casino online advertising award this year, Tingle said.

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