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The SMH Guide to Investing and Trading in US Shares

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News

Fund battle adjourned

The Age 19/12/2013 | A legal stoush between the Future Fund and AustralianSuper has been adjourned for three months. The Victorian Supreme Court battle centres on the price the Future Fund paid for a stake in Perth Airport. AustralianSuper, also an investor, claims the Future Fund priced it out of expanding its holding in the airport by ascribing a premium of up to 43 per cent of the asset.

Fracking bonus in UK

The Age 19/12/2013 | Australian engineering outfit AJ Lucas may be a big beneficiary of UK government plans to accelerate development of its shale oil and gas. A government report has found that more than half the country could be suitable for shale gas fracking. AJ Lucas has extensive exploration acreage in the UK, as does Dart Energy. Shares in AJ Lucas closed up 4¢ at 98¢.

Joyce talks tough with unions on cuts

The Age 19/12/2013 | Qantas boss Alan Joyce has made clear to unions that the airline must lower its costs substantially to make it competitive against Virgin Australia but has remained steadfast in his strategy in the domestic market.

Crunch time in Rinehart trust row

The Age 19/12/2013 | Gina Rinehart might have been missing in action at the Ten Network annual meeting on Wednesday, but she is believed to be at the pointy end of reaching a settlement with her two estranged children - or face the prospect of being cross-examined in the courts next year.

CBD

The Age 19/12/2013 | Chips are down for the millers

Blow for NuCoal as watchdog urges NSW to scrap licences

The Age 19/12/2013 | The prospects of NuCoal retaining control of controversial coal acreage in the Hunter Valley are receding, following a call by the NSW Independent Commission Against Corruption for the state government to cancel the licences.

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