Darrell Lea goes bust after 85 years

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woow, this is your Australian Business update for Tuesday, 10 July 2012
	Darrell Lea goes bust after 85 years Blair Speedy ICONIC confectioner Darrell Lea has gone bust after 85 years in business, putting more than 700 jobs under threat.   China trade surplus soars CHINA'S trade surplus rose 42.9 per cent in June as demand from emerging markets offset stagnation in the eurozone and Japan.   Rate cuts fail to spark confidence James Glynn AGGRESSIVE interest rate cuts have so far failed to spark much of recovery for business, with confidence weaker in June.   New cost hit to power sector Annabel Hepworth REFORMS to the electricity sector proposed by ASIC will drive up costs, increase risk and stifle competition, suppliers warn.   Eurozone seals Spanish bailout deal Matina Stevis THE eurozone has agreed on an assistance package for Spain's banks and has given Madrid another year to meet deficit targets.   Hastings' $US1.25bn offer binding Matt Chambers A $US1.25bn Canadian-led consortium bid for Hastings Diversified is now binding, turning attention on rival bidder APA Group.   BHP top Aussie on Fortune 500 Staff Reporters ELEVEN Australian and dual-listed companies made this year's Fortune Global 500, with miner BHP leading the pack at number 108.   Asia to bring 10pc of growth: IAG IAG is stepping up its growth in Asia, where it aims to generate 10 per cent of its business within four years.   Financial Markets Shares slip as China imports slow SHARES were in retreat by mid-day after Chinese data showed a marked import slowdown, which then dragged on miners.   Dollar decline to continue US stocks sink on woe trio   Financial Markets Coverage   Mining & Energy Beach says shale tests 'excellent' Ross Kelly BEACH Energy said today that a Cooper Basin shale gas test well produced an "excellent" flow rate, sending the company's shares up.   Alcoa in red on lower prices Iluka fall signals a bleak forecast   More Mining & Energy		01:05pm EU scheme boosts Cambodian land grabs 01:00pm Eurozone seals Spanish bailout deal 12:55pm $A lower after Chinese trade figures 12:55pm China's trade surplus rises to 43 per cent 12:44pm China trade surplus soars 12:23pm BHP top Aussie on Fortune 500 12:13pm Dulux nears 30pc of Alesco 11:52am Darrell Lea goes bust after 85 years 11:49am Darrell Lea goes bust after 85 years 11:40am Rate cuts fail to spark confidence 11:15am Centaurus Metals raises $26M to u... 11:03am Eurozone ready to offer Spain 30bn euros 10:55am NBN no threat to broadcasters 10:49am No boom despite rise in NZ home sales 10:44am Beach says shale tests 'excellent'   More Business Breaking News     Australian Market Data at 01:05PM Index / Security Price Change Percent All Ords 4152.6 -7.20 -0.17% S&P/ASX 50 4162.4 -5.80 -0.14% ASX200 4110.7 -7.60 -0.18% S&P/ASX 300 4101.2 -7.60 -0.18% S&P/ASX MidCap 3524.0 -13.90 -0.39% S&P/ASX Small Orders 2117.7 -8.60 -0.40% S&P/ASX 20 2497.4 -7.20 -0.29% S&P/ASX 100 3373.1 -5.60 -0.17% Click here
	David Uren Handouts softened GFC blow THE global financial crisis did not cause the smallest blip in people's satisfaction with life. Criterion Dire data, but still ahead of herd A TASTE for two-bob resource juniors has not helped our cause. More Opinion Stories
	Companies BHP top Aussie on Fortune 500 Markets Shares slip as China imports slow Wealth How to bridge the gap on super limit Aviation One second that brought systems down Economics China trade surplus soars Financial Services Hastings' $US1.25bn offer binding Legal Affairs Asian shift broadens diversity focus Media Panellists have no editorial practice Mining & Energy Beach says shale tests 'excellent' Property Decision on Barangaroo casino looms Small Business US and Australia vie for Chinese tourists		Heard on the Street How JP Morgan might tame the whale David Reilly IT ISN'T just the earnings number that JP Morgan Chase reports that matters. It is how the bank gets there.   Libor's comedy of errors Inflated confidence over Chinese prices   More Heard on the Street   Deal Journal Australia Integra Mining looks to raise $25m Gillian Tan GOLD producer Integra Mining is seeking to raise up to $25 million at 29c a share, a person familiar with the matter said.   Billabong: too big to be cool? Lowenstein, Slater launch Morphic   More Deal Journal Australia
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