Macquarie looking up after crisis

INVESTORS knocked $3.07, or 6.1 per cent, off Macquarie Group's share price yesterday, but to get that in perspective, you need to go back a year.

Outlook brightens for Packer venture

FEARS that earnings at James Packer's Macau joint venture would be hit by changes to the agents it uses to bring high-rolling gamblers to its casinos have been realised with fourth-quarter earnings at rock bottom. Melco Crown Entertainment has posted earnings of $US2.7 million ($3 million), down from $US22.4 million in the same period last year.