Business Markets

Nomad Building Solutions has been slapped with a $4.25 million claim for damages, over delays in designing and building central facilities for Chevron’s Gorgon liquefied natural gas project.

Nomad subsidiary Nomad Modular Building was awarded a $43 million contract by the Thiess Decmil Kentz joint venture in July 2009, to build kitchens and dining rooms to cater for up to 3,000 workers, a communications building, two wet messes and 14 other administration and recreational buildings.

Nomad said the project’s complexity, late design changes by the joint venture and compliance requirements for Barrow Island had adversely impacted the first phase of design and construction.

Nomad said it had dealt with the challenges, and completed the construction of all buildings two days after the contract’s December 15 due date.

“Nomad is currently considering its position with regard to the liquidated damages claim together with any impact on the company’s half year financial results which are due to be released in late February,” Nomad said in a statement to the ASX.

“Nomad intends to resist TDKJV’s claim and has claims against TDKJV for work completed amounting to some $4 million.”

Shares in Nomad closed trading today at 16 cents, down 11 per cent from its opening price of 18 cents.

What other marketing online strategies might work best for your small business? Here are three more for you to try:

Marketing Online Strategy #4) Participating in Social Media

Joining the conversation on Twitter, Facebook, and forums, posting on Flicker and YouTube, commenting on other people’s blogs, are all opportunities for marketing online.

Marketing online through social media requires a much more subtle technique than marketing online through advertising or directory listings. With all social media, the trick is to participate intelligently and actually attempt to converse rather than just advertising your products or services. Comments such as “Good point. See my site www.worldsbesttamales.com for the world’s best tamales” are just spam, not conversation. See How to Promote Your Business on Twitter for more on how to do successful marketing online on social media.

The downside of marketing online through social media is that it’s time-consuming. I

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Global media conglomerate News Corp. (NWSA) on Wednesday saw its quarterly earnings more than double from a year earlier on the strength of growth at its cable networks both in the U.S. and abroad.

For its fiscal second quarter News Corp. reported net income of $642 million, or 24 cents a share, compared with $254 million, or 10 cents a share, a year earlier.

Revenue rose by 1% to $8.76 billion, up from $8.68 billion during the same period a year ago.

“I am confident that the significant positive momentum from these businesses will not only continue to drive News Corporation’s growth for the remainder of the fiscal year, but also strengthen the Company for growth in the years to come,” said News Corp. Chairman and Chief Executive Rupert Murdoch in a statement.

News Corp. is the parent company of FOXBusiness.com.

This year began and many people wonder if a conversion Roth IRA in 2010 is a good thing for them. Why so many people chose the Roth IRA in the 2010? It’s simple. The law that determines who can convert a traditional IRA to a Roth IRA have been changed providing more people a roth ira eligibility. Before this change, your modified adjusted gross income must be less than $ 100,000 if you want to choose the Roth IRA. From 2010, this income restriction was risen, which means most people have the right to convert their traditional IRA.

This may seem attractive to those who want to convert this year, but do not jump want to without looking. Just because the income limit has been lifted and taxes can be spread over two years does not mean you should rush to convert now.

Before making a decision on whether to convert or not, you need to consider the basic difference between ira and roth ira. Read full post…

48 days to the work you love is the subheading of Dream Job by Dan Miller. Does the author actually deliver on his promises? Well, it is really up to the reader to determine the final outcome. Of course, the reader may not know how to attain such a result which is why help is sought. Those hoping for such quality guidance will venture towards Dream Job by Dan Miller. Does Miller provide a solid work that helps the reader achieve insight into actionable steps to land a much desired job?

Yes, this CD (or MP3) series does have a lot of fantastic tips on procuring a great job through an insightful step by step process that injects some much needed common sense into the equation. If you want to succeed with landing a new job, Dan Miller shows you some of the things you need to do to attain the desired outcome.

In some ways, the value of this 6 CD set would be its ability to point out the things you need to avoid doing in order to boost your success potential.

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West Australian government minister Brendon Grylls has released documents relating to mining magnate Clive Palmer which, he says, do not show a “skerrick” of evidence of impropriety.

Mr Grylls previously withheld several documents relating to Mr Palmer and his company Mineralogy after a Freedom of Information (FOI) request by the WA opposition.

Earlier this week, the FOI commissioner found his decision to withhold 17 documents was “deficient”, because he did not give “details of the reasons for the refusal”.

This prompted opposition state development spokesman Mark McGowan to accuse Mr Grylls of trying to hide something and called on him to “come clean”.

Mr McGowan had sought the documents to try to find out why the company Mineralogy was let off a $45 million environmental bond for its Balmoral South project in the Pilbara.

On Friday, Mr Grylls, who is assisting the minister for state development, released the documents which include emails, diary notes and correspondence on various aspects of the planned mine.

“This has been a long process because we have been committed to protecting the rights of third parties in relation to sensitive commercial and business information,” he said in a statement.

The WA Nationals leader said he was pleased the FOI commissioner allowed him to delete some commercially sensitive information contained in the documents and the names of some individuals.

“Unfortunately, for Mr McGowan, there is not a skerrick of information in the documents that support his wild allegations of impropriety,” Mr Grylls said.

Mr Palmer, the WA Nationals’ biggest donor, said the documents outlined Mineralogy’s concerns over the imposition of a certain bond and did not suggest anything improper.
“What’s in them is we’re writing to the government complaining about the delays which we were experiencing under the Environmental Protection Authority procedures in WA,” he told ABC Radio.

“We wrote to the government saying why is the government seeking to impose on us $250 million for which we have been exempt under the legislation passed by parliament.

“(Mr Grylls) says he’ll investigate and look into it.”

Mr Palmer said no promises or assurances were made by Mr Grylls or any other member of the government.

As a result of the whole process, Mr Palmer said the reputation of WA in the business community had “gone right down the toilet” and he expected companies to be more cautious in future communications with the government.

“We do believe the government should protect the confidentiality in the way it does business, which has been blown to all hell by Mark McGowan,” he said. Read full post…

Online trader, Philip Robinson, has been convicted and ordered to pay nearly $15,000 in fines and costs for selling non-compliant infant sleep bags known as Grobags.

Small business owners selling children’s clothing/accessories are being warned about the need comply with Australia’s product safety labelling requirements.

“Mr Robinson supplied Grobags without the fire hazard information labels required by the mandatory standard for children’s nightwear,” ACCC chairman Graeme Samuel said today.

“His conduct prevented parents and carers making an informed decision about the garment’s level of fire risk before purchase.

“It was clear from Justice Besanko’s comments that Mr Robinson’s conduct was of concern to the court. In his decision Jud

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