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Commonwealth Bank grabs record billions

10:31AM BANK announces $6.1bn cash profit but pressure is now on to "give back to the community".

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• Tony Abbott: 12:00AM 'Millionaires' friend'

Computershare shares tumbles 12pc

10:25AM SHARES in Computershare tumbled 12 per cent after the company said it expected lower earnings per share in the current year.

Stockland reports return to profit

10:17AM PROPERTY developer Stockland reports a 10 per cent lift in full-year underlying profit and says growth is on the cards for the coming year.

Failure to brake in most Toyota crashes

9:28AM DRIVERS were at fault for failing to brake in most of the "runaway" Toyota car cases investigated by US regulators, says a report.

Russia's heatwave threatens economy

9:12AM RUSSIA'S worst heatwave in its history may cost the country's economy billions of dollars and undercut a modest economic revival.

US Federal Reserve to buy 'small' debt

8:27AM MORE worried about the recovery, the Federal Reserve took a small step overnight to bolster the US economy.

Russia's heatwave threatens economy

8:17AM RUSSIA'S worst heatwave in its history may cost the country's economy billions of dollars and undercut a modest economic revival.

BP spill lawsuits sent to Louisiana judge

8:10AM BP oil spill civil lawsuits have been sent to a Louisiana judge in New Orleans, where they're expected to get a 'cooler reception'.

Iran attacks 'filthy' foreign currencies

12:39AM IRAN threatens to stop all trade and oil exports in dollars and euros in retaliation against sanctions over its nuclear program.

Coles pulls out of cigarette campaign

SUPERMARKET chain withdraws backing for $5 million pro-smoking adverts, saying it was misled.

Unions battle Suncorp's pay plans

UNIONS alarmed at plans by Suncorp management to cut special Saturday pay and proposed wage increases for staff.

Miners raise Queensland Rail sale stakes

THE Queensland Government may reconsider a planned float of Queensland Rail after a bid of $5.35 billion.

CEO to get $43m handshake after scandal

7:13PM WHATEVER Mark Hurd did that cost him his job as CEO of Hewlett-Packard, the world's largest technology company, it wasn't enough to cost him a payday that could top $40 million ($43.8 million).

No business bank growth until 2011 - NAB

12:53PM CNAB chief executive says an expected growth spurt for the bank's business banking franchise may be delayed until 2011.

Cochlear posts 19pc rise in net profit

10:19AM HEARING implant company Cochlear has booked a 19 per cent rise in annual net profit.

Executives say sales, profits to improve

9:32AM EXECUTIVES expect sales and profits to pick up in the December quarter but remain subdued about capital investment and employment.

Freddie Mac suffers $6.6bn loss

9:17AM US mortgage firm Freddie Mac reports a $6.6 billion loss, seeks another $US1.8 billion from the US Treasury to contain the red ink.

Australia loses 90-year apple war with NZ

9:14AM WORLD Trade Organisation rules that Australia's tough rules on New Zealand apples are unduly restrictive on trade.

Skype to float in $109m public offer

9:08AM SKYPE, the Internet phone service partly owned by online auction giant eBay, filed overnight for an initial public stock offering.

NAB reports solid third-quarter result

9:02AM NAB records sold quarterly cash earnings and confirms it has agreed to extend its negotiating deadline with AXA APH.