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.   Stocks reverse as China stalls STOCKS closed 0.5pc down today, reversing from a positive start after Chinese economic data showed a weakening Asian giant.   Surplus masks China slowdown Aaron Back CHINA'S robust trade surplus data came on the back of slowing economic conditions and a sharp, forecast-beating fall in imports.   Confidence falls despite rate cuts James Glynn AUSTRALIA'S broader economy was still weak and the RBA needed to get more aggressive on rate cuts, NAB's business survey showed.   Alumina reviews $US45m Alcoa cost Sarah-Jane Tasker ALUMINA is reviewing a $US45m charge booked by its JV partner Alcoa in relation to a Bahrain bribery case.   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.   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.   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.   Financial Markets Stocks reverse as China stalls STOCKS closed 0.5pc down today, reversing from a positive start after Chinese economic data showed a weakening Asian giant.   Dollar slides on slow China Shares slip as China imports slow   Financial Markets Coverage   Mining & Energy Alumina reviews $US45m Alcoa cost Sarah-Jane Tasker ALUMINA is reviewing a $US45m charge booked by its JV partner Alcoa in relation to a Bahrain bribery case.   Beach says shale tests 'excellent' Alcoa in red on lower prices   More Mining & Energy		04:57pm Alcoa posts $2m loss in second quarter 04:47pm Stocks reverse as China stalls 04:36pm Darrell Lea: sweet passion to bitter feud 04:30pm Dollar slides on slow China 04:00pm Tomorrow's Calendar of Events 03:58pm Farms need 'more China investment' 03:53pm Jobs should be flat in June: economists 03:48pm Darrell Lea administrators attract bidders 03:48pm Darrell Lea goes bust after 85 years 03:39pm Confidence falls despite rate cuts 03:29pm Harbert controls FastTrack 03:01pm Soft markets drag on China exports 03:00pm Europe rejects ACTA anti-piracy a... 02:56pm Pipeline Partners makes $1.23b bid for HDF 02:24pm Surplus masks China slowdown   More Business Breaking News     Australian Market Data at 04:45PM Index / Security Price Change Percent All Ords 4137.9 -21.90 -0.53% S&P/ASX 50 4152.0 -16.20 -0.39% ASX200 4098.0 -20.30 -0.49% S&P/ASX 300 4088.3 -20.50 -0.50% S&P/ASX MidCap 3503.9 -34.00 -0.96% S&P/ASX Small Orders 2103.5 -22.80 -1.07% S&P/ASX 20 2490.3 -14.30 -0.57% S&P/ASX 100 3363.5 -15.20 -0.45% Click here
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	Companies Darrell Lea goes bust after 85 years Markets Stocks reverse as China stalls Wealth How to bridge the gap on super limit Aviation One second that brought systems down Economics Confidence falls despite rate cuts Financial Services Hastings' $US1.25bn offer binding Legal Affairs Asian shift broadens diversity focus Media Telstra rules out buy, for now Mining & Energy Alumina reviews $US45m Alcoa cost 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 Harbert controls FastTrack Gillian Tan HARBERT has spent $US12 million on a majority stake in FastTrack, a trans-Tasman recruitment and payroll software provider.   Integra Mining looks to raise $25m Billabong: too big to be cool?   More Deal Journal Australia
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