Dow Chemical and DuPont are in “advanced merger talks”, according to reports, and a combined entity would be worth around $US 130 billion.
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Five things about innovation Australia can learn from other countries
With the release of Prime Minister Malcolm Turnbull’s science and innovation statement expected in just under a week, expectations are running high, perhaps too high.
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More good news: manufacturing bucks investment trend in September quarter
The ABS quarterly capital expenditure figures, released last week, show overall spending for the September quarter weaker than the second, but manufacturing sector capex rising 6.9 per cent.
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Lack of “innovation culture” needs to be addressed: industry report
A culture shift is needed across research, industry and policy, Australia’s new innovation boss told a Committee for Economic Development of Australia conference yesterday.
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Harper response is good economics and smart politics
The adults are back in charge in Canberra.
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Pfizer and Allergan in pharma mega-merger
Pfizer will buy Allergan and be headquartered in Ireland, it’s been announced, with a lower company tax rate behind the pharmaceutical merger worth $US 160 billion.
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Reliance Worldwide considers listing
It’s being reported that Australian water control specialist Reliance Worldwide Corporation is considering an IPO.
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Computing legend says Australian VCs greedy, nasty
Influential computing engineer and entrepreneur – and inventor of “Bell’s law” – Gordon Bell has criticised attitudes in Australia’s venture capital environment as greedy and risk-averse.
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PWR Performance lists, eyes battery storage in expansion plans
Automotive cooling technology company PWR Performance Products successfully debuted on the ASX last week, and has plans to continue its growth by entering the battery market.
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Tax changes to enable risk-taking flagged for innovation agenda
Changes to taxation and the treatment of bankruptcy are expected to be among areas targeted in the federal government’s innovation statement, to be released next month.
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New chair of Innovation Australia appointed
Today sees Bill Ferris, a pioneering Australian venture capitalist, begin a chairmanship of Innovation Australia.
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Orica disputes $50 million ATO bill
Explosives maker Orica was in the Federal Court last week, disputing an Australian Tax Office’s amended tax assessment totalling over $50 million.
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China free trade: Labor amendments criticised by business, unions
Labor’s proposed changes to the Migration Act will harm businesses seeking to access overseas workers, the Australian Chamber of Commerce and Industry (ACCI) says.
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Acquiring finance in today’s market
Interest rates are at an all-time low, but Australian manufacturers are still struggling to raise finance. Alan Johnson outlines some options.
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AWU concessions at BlueScope “game-changing”
Yesterday’s vote by workers to make dramatic savings at BlueScope to keep the Port Kembla blast furnace running has been praised by the company and others.
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Union agrees to jobs cuts, pay freezes to save Port Kembla BlueScope site
BlueScope workers have backed a deal to cut 500 jobs and freeze wages for three years in order to keep the Port Kembla steelworks open.
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New Volkswagen CEO tells staff of difficulties ahead
Volkswagen has told staff to brace for massive cuts following the company’s emission scandal, with all “non-essential investment” halted.
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Japan’s Asahi buys Australian craft brewer
Craft brewer Mountain Goat has been sold to Japan’s Asahi Holdings for an undisclosed amount.
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Material differences
High-tech start-ups seem to be the flavour of the month. Brent Balinski spoke to serial entrepreneur Chris Gilbey from graphene technology start-up Imagine Intelligent Materials about the importance of new businesses, and about what’s on the horizon for Imagine IM.
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Chinese investment will lead to 200 new jobs at RayGen
Victoria’s RayGen Technologies has said an investment of $2.5 million from its Chinese joint venture partner would see the company hire an additional 200 workers.
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