Business News
Savers score tax bonus
SAVING a few extra dollars is set to become more rewarding for South Australians.
Local stocks dive on global worries
AUSTRALIAN shares closed at a three-month low today as investors experienced another meltdown.
Ausmelt takeover nearly complete
FINNISH metals company Outotec is less than 400,000 shares away from a compulsory acquisition trigger that will see it take up all shares in Ausmelt.
More rate rises this year
THE Reserve Bank may need to raise the official cash rate above 4.5 per cent this year to keep pace with improved economic growth.
Lion Nathan appoints SA beer chief
LION Nathan has looked close to home to appoint a new head of its South Australian beer operations.
Toyota wrestling with quality woes
AUSSIES are reporting brake problems with the Toyota Prius similar to those reported overseas.
Secretary denies she spied on tycoon
THE secretary at the heart of a corporate scandal has denied embezzling from her boss and leaking secrets to a business rival.
Shares lower as banks, miners fall
THE share market continued to fall in morning trade, with major resource and financial stocks weighing on the main indices
ASIC appeals Fortescue court loss
AUSTRALIA'S corporate watchdog has appealed a court decision that dismissed its case against Fortescue Metals Group and its chief, Andrew Forrest.
Consumers' appetite to spend waning
RISING interest rates took the edge off spending in the run-up to Christmas, with consumers unable to maintain November's strong growth.
Showground a "power station"
ADELAIDE Showground is the largest urban solar power plant in Australia, with a huge array of 12,720 panels across six rooftops.
Aussie stocks close stronger
AUSTRALIAN stocks maintained their strong run, buoyed by the major miners and positive earnings outlook from IAG and News Corp.
Lack of growth fails to deter Rural Bank
Rural Bank has reported an improved net profit after tax of $26.8 million for the six months ended December 31, despite a lack of growth across the sector.
Insurer IAG in the pink of health
Insurance Australia Group more than doubled profit and expects full-year insurance margins to be better on improved operations and fewer claims.
News Corp reports second quarter profit
NEWS Corporation is emerging from the global recession with "renewed vigour and strength" after reporting a profit for the second quarter of 2009/10.
Local stocks in strong surge
AUSTRALIAN stocks closed higher with the major miners posting strong gains.
Administrators appointed to AKRON
EMPLOYEES in two companies trading as AKRON, one of Victoria's largest civil contractors and designers, face an uncertain future with the companies in administration.
Hills Hoist maker in profit leap
A LEANER Hills Industries has begun to show results with the diversified manufacturer reporting a higher profit on reduced revenue.
130 jobs cut from SE factory
THE South-East forestry industry's problems have multiplied with 130 people made redundant at a manufacturing plant in Nangwarry.
Wait and watch as rates held steady
FLOUTING economists' expectations, the Reserve Bank of Australia decided to leave interest rates on hold at today's board meeting.
Fewer job advertisements in Jan
A fall in internet and newspaper job ads in January highlights the fragility of economic recovery but stronger growth is expected into 2010, a survey shows.
Argo Investments in profit fall
Argo Investments has booked a $14 million fall in net profit for the half-year, but says it is now positioned to take advantage of a recovering market.
Aussie Home boss ramps up broker war
AUSSIE Home Loans boss John Symonds has drawn new battle lines in the cut-throat mortgage-broking market, warning NAB he is set to poach its small brokers.
Bernanke to continue as US Fed chief
US Federal Reserve chief Ben Bernanke has easily won confirmation to a second four-year term despite bitter attacks on his role before the 2008 financial meltdown and in its aftermath.
Fosters appoints new boss for CUB
FOSTER'S Group Ltd have appointed a new head of its Carlton United Breweries operation.
Business Breaking News
BHP Billiton approves ore expansion
BHP Billiton Ltd has approved a $US1.93 billion expansion of its WA iron ore business, to lift production capacity to 240 million tonnes per annum.
McPhee moves to Members Equity
THE head of retail banking at Bendigo and Adelaide Bank, Jamie McPhee, has resigned to take up another position in the banking industry.
Adtrans forecasts higher profits
CAR and truck retailer Adtrans Group upgraded its full year profit forecast by up to 30 per cent, after flagging a surge in interim earnings.
Planned boost for ASIC powers
AUSTRALIA'S corporate watchdog is to be given more bite following a string of high profile losses.
Restructure drives Australian Vintage
AUSTRALIAN Vintage is swimming against a falling tide in the Australian wine sector thanks to an improved sales result for the past year and its lowest debt level since 2001.
See first pics, review of Apple iPad
AFTER months of speculation, Apple has unveiled the iPad - a tablet computer which can access the web, newspapers, music, photos, eBooks and games.
Salad forces up your rates
SUMMER'S "salad days" have packed a double whammy this year because higher fruit and vegetable prices have not only stung the family purse but fuelled inflation.
Australian stocks end in the red
AUSTRALIAN stocks closed in the red amid concerns about an overheating Chinese economy and higher curbs on US banks.
Alliance sees more uranium at Four Mile
ALLIANCE Resources has announced a 16 per cent increase in its resource estimate for the $110 million Four Mile uranium project near Beverley.
GM to sell Saab to Spyker
GENERAL Motors has entered into a "binding agreement" to sell its Saab division to Dutch luxury carmaker Spyker, in an eleventh-hour deal.
Yahoo! in profit turnaround
Yahoo! posted a quarterly net profit of $US153 million ($A170 million), reversing its losses of a year ago, but revenue continued to slide at the internet giant.
Bionomics sets up for US renal cancer trials
CLINICAL trials of Bionomics' lead anti-cancer compound have opened for enrolment in the US.
Consumer prices up 0.5pc in Dec
LATEST data showing consumer prices rose 0.5 per cent in the Dec quarter is fuelling talks of an interest rate rise next week.
IMF upgrades world growth forecasts
AUSTRALIA'S economic growth forecasts have been revised upwards by the International Monetary Fund in step with global recovery.
CSR snubs Chinese offer again
CSR remains committed to the demerger of its sugar business despite receiving a restated offer from China's Bright Food Group.
Woolworths sales rise 4pc
WOOLWORTHS has reported a lower-than-expected 4.2 per cent increase in first-half sales due to flow-on effects from government stimulus payments and low prices.
German giant confirms Aussie listing
GERMAN construction giant Bilfinger Berger has confirmed plans to float its Australian assets, including Abigroup and Baulderstone, via an initial public offering.
GM names Whitacre permanent CEO
ED WHITACRE Jr has taken over as chief executive of General Motors to bring stability to the troubled automaker, ending a worldwide seven-week search.
Rule change to hit trade migrants
NEW migration regulations unfairly punish international students and will affect their numbers, the Migration Institute of Australia says.
Arasor results eagerly awaited
COMPANY and market regulators have put shareholder complaints about Arasor on hold, and are understood to be waiting for the company to lodge its Dec 2008 results before acting.
News
Train smashes into stalled 4WD
THE occupants of a four-wheel-drive that stalled on a northern suburbs rail crossing last night fled the vehicle just before it was hit by a train.
Sport
Stosur opens Fed with thrilling win
A STEELY Samantha Stosur dug herself out of an almighty hole to lift Australia to an opening victory in the Fed Cup tie against Spain in Adelaide.
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