Australian Market Report:Australian shares were caught in a global rout today, suffering their worst daily loss in more than two months. More...
Ford was always going to fold. Management expert Professor Roy Green served on the Prime Minister's manufacturing taskforce and her manufacturing leaders advisory group. He says it was the ''weak link'' in the Australian manufacturing chain - the only firm with plainly dismal prospects. More...
Australian miners have slumped shortly before midday after the release of sluggish economic data out of China. More...
Forget playing the tables or the slots. The biggest game in town is working out why James Packer's Crown is selling its 10 per cent stake in Echo Entertainment only a week after finally receiving regulatory approval to increase it to 23 per cent. More...
The two car makers left standing following Ford's decision to get out have reaffirmed their commitment to Australia, for now at least. More...
The Australian dollar has fallen to its lowest level in 18 months following further gains in its US counterpart and disappointing Chinese manufacturing figures. More...
Major cleaning company Swan Services has gone out of business, putting 2500 cleaners across Australia – and an estimated 800 in Victoria – out of work More...
Former Liberal treasurer Peter Costello has come out strongly in support of Coalition leader Tony Abbott, saying Mr Abbott is ready to “rescue” Australia's economy, according to The Australian. More...
About $10 billion over seven years. That's how much has been pumped into the car industry by federal and state governments. More...
Qantas has finished a $20 million makeover of 15 of its 265-seat Boeing 767 jets, which are used on routes such as Perth to Brisbane and weekend flights to Melbourne and Sydney. More...
Telstra workers are bracing for deep job cuts as the telco giant prepares to announce its biggest structural shake-up in a decade. More...
Gina Rinehart's personal wealth has shed a staggering $7 billion in the past 12 months, but even her losses exceed the total wealth of Australia's next richest person, according to the BRW Rich 200 list released today. More...
The Federal Government is under mounting political pressure to impose strict bans on gambling advertisements during sports broadcasts. More...
Billionaire mining magnate Gina Rinehart is rated as more influential than Prime Minister Julia Gillard in a list of the world's most powerful women released by Forbes magazine. More...
Retail sales continue to slide. While the worst of the financial crisis induced retail recession is over, the retail environment in Australia remains fragile and challenging. More...
The ASX took more than three hours to tell stockbrokers and investors a computer failure had knocked out its critical market announcements feed in October last year, according to a new investigation into the incident. More...
Australian miners struggling with domestic factors, such as cost blowouts and skills shortages, are unlikely to find relief in global markets, as a new white paper predicts looming price and currency volatility for miners. More...
The politically sensitive issue of floating liquefied natural gas technology will be the subject of a 12 month inquiry by the powerful Legislative Assembly standing committee on economics and industry. More...
U.S. Market Report: U.S. stocks pared most of the morning's losses Thursday as investors discounted concerns about the Federal Reserve curtailing its bond buying program. More...
North/South Americas Market Report: Markets <b>finished down</b> across the region. More...
A group of U.S. retailers, including Macy's Inc. and Target Corp., sued Visa Inc. and MasterCard Inc. on Thursday, breaking off from a proposed $7.2 billion settlement reached last year over fees to process credit card transactions. The lawsuit, filed in U.S. District Court in Manhattan, came ahead of a May 28 deadline for the millions of merchants affected by the settlement to decide whether to forego receiving damages under the pact and pursue their own legal action. More...
Apple enjoyed Irish tax holiday from the start. Apple has operated almost tax-free in Ireland since 1980, welcomed by a government keen to bring jobs to what was then one of Europe's poorest countries, former company executives and Irish officials have said. More...
Ally Financial Inc agreed on Thursday to pay $2.1 billion to settle legal claims tied to its bankrupt Residential Capital LLC unit, nearly triple the amount it initially offered to creditors of the subprime mortgage business. More...
Private equity firm Apax Partners will acquire teen-apparel retailer rue21 Inc in a deal valued at about $1.1 billion, adding to a retail portfolio that includes Cole Haan and Takko Fashion. Rue21 said Apax, which already owns a 30 percent stake in the company, will pay $42.00 per share in cash, representing a premium of 23 percent to its Wednesday close. Shares of the company were up 23.2 percent before the bell, indicating that investors may be expecting a higher bid. More...
Forest Labs' longtime CEO Solomon to step down at year-end Forest Laboratories Inc said Howard Solomon, its chief executive of more than 35 years, will retire at the end of this year, capping a tenure that saw the company morph from a small generic and vitamins maker to a $10 billion corporation. More...
EU wants big companies to reveal national tax bills Europe's top regulatory official is seeking to force large companies to disclose how much tax they pay in each country where they operate, a measure some politicians say could curb tax avoidance. More...
The European Central Bank is looking into expanding its range of policy tools, while the U.S. central bank is mulling scaling back its support measures, highlighting the contrasting fortunes between the world's two biggest economic blocs. More...
Tesco executives will not receive a bonus in the current financial year unless they can reverse a decline in profits at Britain's biggest supermarket operator, the company said in its annual report on Thursday. More...
UK regulator fines JPMorgan 3 million pounds. Britain's Financial Conduct Authority (FCA) said it has fined a wealth management unit of U.S. bank JPMorgan Chase 3.08 million pounds ($4.6 million) for being unable to show it was giving clients the right advice. The FCA said on Thursday the failings were not corrected until the watchdog brought them to the bank's attention in the course of its wider review of wealth management firms in Britain. More...
Chinese factory activity declined in May for the first time in seven months and U.S. manufacturing grew at its slowest pace since October, suggesting it may take a while before the global economy starts to pick up steam. More...
Argentina, Repsol struggle to bridge gap over YPF compensation. A year after Argentina seized the local business of Spanish oil firm Repsol, there seems little prospect of a quick deal on compensation despite signs that both sides would rather avoid a costly, drawn-out legal battle. More...