Business News
Fortescue in sharp profit dive
IRON ore miner Fortescue Metals Group has reported a sharp fall in first half net profit despite an increase in revenue.
Rates will have to rise
RATES will have to rise as Australia gears up to prosper from its proximity to a strong Asia, RBA governor Glenn Stevens says.
Toyota chief faces safety grilling
JAPANESE carmaker Toyota has bowed to mounting pressure with its president agreeing to appear before the US Congress to answer to safety concerns.
NAB earnings jump 20pc to $1.1bn
NATIONAL Australia Bank has joined the list of banks having a profitable run with a 20 per cent earnings leap in the first quarter as bad debts fell.
Adelaide Brighton on sturdy footing
Adelaide Brighton has reported an improved net profit after tax of $123.1 million for the past year in the face of challenging market conditions.
Wesfarmers first half profit up 1pc
COLES-owner Wesfarmers has unveiled a better-than-expected rise in first half net profit with strong growth in retail earnings.
Low property valuations hit Westfield
WESTFIELD Group reported an improved full year loss of $458 million as the shopping centre owner was hit by lower property valuations.
Local stocks close lower
AUSTRALIAN stocks finished the week lower amid profit-taking and a fall on Asian bourses.
Fortescue in 94 per cent profit fall
IRON ore miner Fortescue reports a sharp fall in first half profit despite an increase in revenue.
BAE sights spot-on for weapons contract
BAE Systems Australia's Holden Hill workforce will benefit as part of a $16 million contract awarded by the Federal Government.
Local stocks lower in noon trading
AUSTRALIAN stocks closed lower, pushed by some disappointing profit results and weak banks and miners.
Adelaide cement maker on sturdy footing
ADELAIDE Brighton has reported an improved net profit after tax of $123.1 million for the past year in the face of challenging market conditions.
Solar industry comes under scrutiny
THOUSANDS of homes could be at risk of electrical fires due to badly installed solar panels under a federal government scheme, an expert has claimed.
PM faces court challenge over IR laws
PRIME Minister Kevin Rudd faces a High Court challenge over industrial relations changes from employers who say they've been left worse off.
AMP benefits from GFC recovery
AMP, which is actively pursuing AXA Asia Pacific Holdings, has benefited from a rebound in financial markets.
Qantas fares set to increase
QANTAS airfares will have to increase from "unprecedented low levels" as weak demand caused a massive drop in profit for the airline, its chief executive has warned.
Woolies executive facing kickback probe
WOOLWORTHS has confirmed it is working closely with police after an executive was questioned over an alleged secret kickback scheme.
Santos profit slips on lower oil prices
SOUTH Australia's biggest company is armed with $5 billion as it positions itself for growth over the next decade despite a sharp profit fall.
Grant cut steals wind from AGL venture
UP TO $340 million of investment in wind-driven energy for regional South Australia is at risk.
Green-savvy firms clean up
WATER-SAVING device maker AquaSpy and green-building design specialist Hames Sharley are winners of the CleverGreen Innovators to Watch awards.
Major banks, miners in strong trading
AUSTRALIAN stocks closed stronger on the back of solid gains among the major banks and miners.
Crisis-hit Toyota to idle two US factories
TOYOTA will temporarily halt production at two US factories after a string of safety problems led to the recall of millions of vehicles.
iPhone orders help Domino's profit
IPHONE pizza orders and healthier lunchtime sandwiches push Domino's Pizza profit up 39 per cent.
Westfield reports $458m annual loss
WESTFIELD Group reports a full year loss of $458 million as the shopping centre owner was hit by lower property valuations.
Colonial kills $850m mortgage fund
ONE of the nation's biggest funds will be terminated because it cannot make interest payments to thousands of investors.
Business Breaking News
A year to plan for growth
MANY Adelaide businesses are well-positioned to take advantage of improved economic conditions in 2010, business advisory firm William Buck says.
Boost urged in infrastructure spending
AN incoming state government must commit to fighting for further infrastructure spending to ensure South Australia can build a prosperous future.
Festival uncorks vintage SA blend
THE Adelaide Festival will be more than a brilliant blend in its 50th year - it will unashamedly celebrate our local flavours.
$300m Techport site open for business
COMMERCIAL interest in the Techport project is returning along with confidence in the defence sector, Defence SA chief Andrew Fletcher says.
RBA on wait and watch
ECONOMISTS are divided on whether the Reserve Bank will raise rates at its next meeting.
OneSteel dives on tough trading period
OneSteel posted a steep drop in its first half net profit but exceeded analysts' expectations during a tough trading period.
Adelaide casino owner in $71m profit
ADELADE casino owner SKYCITY Entertainment increased first-half net profit by 30 per cent to $71 million on the strength of its Aussie businesses.
Foster's optimistic despite profit hit
FOSTER'S Group recorded a 13.5 per cent fall in net profit for the first half of 2009-10, but says the outlook is improving.
Westpac rakes in $1.6bn
WESTPAC chief executive Gail Kelly says "the worst of the crisis is now behind us" after the bank posted a 33 per cent jump in profit to $1.6 billion.
Business wants "bold and brave" reforms
BUSINESS leaders have challenged SA's political heavyweights to show "courage'' and commit to a "bold and brave'' reform agenda before the election.
Business SA recommendations
BUSINESS SA made 81 recommendations in its Charter for a Prosperous South Australia.
Foreign grass greener for Aussie icon
ANOTHER iconic brand is moving to greener pastures overseas following the sale of Rover Mowers to a US company.
Foreign grass greener for Aussie icon
ANOTHER iconic brand is moving to greener pastures overseas following the sale of Rover Mowers to a US company.
Court bid for Samra bankruptcy
AN investor in Michael Samra's failed investment scheme was told previous investors had been paid so much cash they had to drive back to Brisbane.
AWB shareholders settle for $39.5m
AWB shareholders have agreed to settle a class action against the company seeking compensation for its failure to disclose Iraqi kickbacks.
Shares flat on thin trading day
AUSTRALIAN stocks were flat in noon trading, with little to guide the market other than a weak US lead and softer base metals prices.
Telstra facing new blows with downgrades
THE pressure on Telstra's beleaguered stock will be unrelenting this week as a wave of analysts' downgrades continues.
Bendigo and Adelaide Bank profit soars
BENDIGO and Adelaide Bank has more than doubled its first-half net profit to $104.1 million.
News
Tiger: I cheated, I had affairs
AN emotional Tiger Woods has apologised for his "irresponsible and selfish behaviour"', breaking his silence on last year's sex scandal.
Sport
Vince main target for AFL rivals
ADELAIDE has been warned to protect Bernie Vince from a physical battering this season.
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