Business Breaking News
Today
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Wall St stocks rise
US stocks opened slightly higher overnight despite disappointing jobless numbers, as traders weighed news that the European Central Bank will continue stimulus measures. Read more
Yesterday
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Thousands stranded in Finnish air strike
FINLAND'S national carrier Finnair cancelled more than 200 flights today, as a cabin crew strike entered its third day with no word on new negotiations. Read more
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Executive must pay Government $14m
A FORMER accounts executive has been ordered to pay the federal government more than $14 million in alleged proceeds of crime. Read more
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Qantas seeks compo from Rolls-Royce
QANTAS paved the way for legal action as it begins talks with Rolls-Royce over recovering losses relating to A380 engine failure. Read more
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Dollar higher despite fall on retail
THE Australian dollar ended the local session higher, despite falling one third of a US cent after the release of weak retail sales figures. Read more
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No Christmas penalties for two states
WORKERS in Victoria and South Australia will be the only ones to miss out on penalty rates for working on Christmas Day. Read more
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Retail slump not surprising - PM
THE slump in retail trade recorded in October is not surprising, Prime Minister Julia Gillard says. Read more
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Market surgets to two-week high
THE share market surged 1.8 per cent to a two-week high on positive economic data from the US and China and the prospect of quantitative easing in Europe. Read more
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Australian CEO on embezzlement charge
AN AUSTRALIAN businessman detained last month in south China has been charged with embezzlement. Read more
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Make account switching easier - lobbyists
AUSTRALIANS need to be able to easily switch accounts between banks to take advantage of better deals if a "fifth pillar" of banking is created, a newly-formed advocacy group says. Read more
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Stockbroker jailed for insider trading
A FORMER equities dealer has been jailed for at least three years for insider trading that netted him more than $1.9m. Read more
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Weak retail data 'disappoints' market
DISAPPOINTING retail trade figures show that shoppers are reluctant to spend, economists say. Read more
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Dollar higher despite losing ground on retail
THE dollar was trading higher at noon, despite losing ground on the release of weaker than expected retail trade figures. Read more
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Shares rally on global sentiment
THE share market had continued to rise by noon, as investors react to positive overnight news out of the world's key economies. Read more
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Trade surplus rises in October
AUSTRALIAN balance of goods and services was surplus of $2.625 billion in October, up from a $1.814 billion in September, says ABS. Read more
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Retail trade down 1.1pc in October
RETAIL trade fell 1.1 per cent in October to $20.233 billion, from a downwardly revised $20.453 billion in September, the ABS says. Read more
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Shares jump as Wall St soars
THE share market has risen strongly in opening trade after Wall Street soared in reaction to employment figures in the US. Read more
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Battle looms between banks, credit unions
A BATTLE is looming between credit unions and the big banks as the Government prepares measures to establish a fifth banking pillar. Read more
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Wall Street shares soar on economic data
US shares rose sharply today on news from the Federal Reserve indicating the US economy was heading in a positive direction. Read more
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Dollar higher on move to riskier assets
THE dollar opened 0.75c higher as traders moved back into riskier assets due to stronger US jobs growth. Read more
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Sales to deliver $40bn festive cheer
RETAILERS are feeling glum this Christmas, even though they can expect a slightly more profitable sales period than this time last year. Read more
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Starbucks to triple stores in China
STARBUCKS looking beyond cafes for growth, with plans to sell more products in grocery stores and open 1500 stores in China by 2015. Read more
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L'Oreal 'wrinkle-free' ads misleading
SWEDISH court says L'Oreal's claims of dramatic wrinkle reduction in ads for facial cream are misleading after marketing investigation. Read more
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Barack Obama extends oil drilling ban
PRESIDENT Obama to extend a deep-water drilling ban in certain areas through 2017 in the wake of the BP oil spill. Read more
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Dollar almost one cent higher
THE dollar opened almost one US cent higher today. Read more
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Oil rig explodes burning three workers
AN OIL rig exploded overnight just north of the Gulf of Mexico, but authorities said it appeared that any release of oil or gas was limited. Read more
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Christmas sales predicted at $39.9bn
RETAILERS are feeling glum this Christmas, even though they can expect a slightly more profitable sales period than this time last year. Read more
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US stocks shine on jobs data
WALL Street stocks opened with strong gains overnight, ending a three-day losing streak on eurozone concerns, after much better-than-expected US employment data lifted sentiment. Read more
News
Driver dies in high-speed horror
THE impact of a fatal Seaton smash was so violent that a car destroyed a Stobie pole after bouncing off a bus during what police have been told was a race.
Sport
Johnson axed for second Test
MITCHELL Johnson says he feels "mentally fine" with his bowling after losing his place in the Australian side for the second Ashes Test.