St George jobs on the line
CHRIS ZAPPONE 3:14pm |
Up to 200 employees at Westpac-owned St George face losing their jobs as the company considers outsourcing IT work.
Banks lead shares higher
5:04pm |
The Australian sharemarket gave up earlier gains to finish slightly higher following a positive lead from Wall Street.
Investors take axe to Seven shares
JULIAN LEE, KIRSTY SIMPSON 5:55pm |
Seven West Media shares plunged today after a profit downgrade late on Tuesday.
Telcos on notice after TPG fine
LUCY BATTERSBY 12:57pm |
Industry on notice for repeatedly putting ''fine-print qualifications'' into customers contracts after TPG fined for misleading advertising.
OZ says cut to diesel rebate would cost $20m
PETER KER 12:06pm |
OZ Minerals could suffer a $20 million hit if the federal government abolishes the diesel fuel rebate in next month's budget.
Market shrugs off Lend Lease fraud case
CAROLYN CUMMINS 11:54am |
Lend Lease investors hesitate to punish the group after it admitted it had been involved in over-charging clients in the US.
Telstra on the right track
SCOTT PHILLIPS 1:42pm |
Analysis As Telstra shares top $3.50 for the first time since August 2009, there's mounting evidence to suggest we're seeing a sustainable recovery.
Airline capacity war is risky business
TONY WEBBER 1:30pm |
Get set for some significant sales on domestic flying over the coming months if the current capacity splurge continues.
| ASX 200 | 4375.2 | 14.8 | 0.3% |
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| Dow Jones | 13090.7 | 89.2 | 0.7% |
| Nasdaq | 3032.4 | 2.8 | 0.1% |
| Hang Seng | 20809.7 | 163.4 | 0.8% |
| NZ 50 | 3520.8 | 0.0 | 0.0% |
Data delayed by 20 mins.
Business News Wire
3:20PM Judgment day for NRL, AFL and big telcos
2:09PM Commercial property market down in Mar qtr
12:18PM Rains increase costs for OZ Minerals
11:43AM Commercial property market down in Mar qtr
10:39AM Seven West shares plunge
Markets ASX Indices | ASX Top Movers | GICS Industries | Currencies
Dollar climbs close to $US1.04
4:38pm |
The Australian dollar was firm in late trade, adding to overnight gains after Fed chairman Ben Bernanke said he would not hesitate to add more stimulus.
Disclosure requirements inadequate
Insider Shock downgrade highlights again how inadequate watchdog and ASX requirements are.
- Insider No commercial break here
- Insider Goldman gives us a lesson
- Insider More than morning's work
- Insider Yellowtail of woe a kick in the gut
- Insider Paying dearly in dicey Dubai
- Insider Rejig will show Tru bottom line
Video
Mexico bribery probe clouds Wal-Mart
Wal-Mart's Mexico scandal pulled down its stock wiping away $10 billion in market value, and causing investors to wonder what's the next move. (02:20)
World Business
Higher oil price drives Shell profits
6:01pm |
Royal Dutch Shell beat forecasts with an 11 per cent rise in fourth-quarter profit, as higher oil prices outweighed the impact of lower US petrol prices.
- Fed 'ready to do more' for US economy
- Stupidity and greed cause financial crises: Geithner
- UK succumbs to first double-dip recession since 1970s
- Rains dilute Vale's profits
- US housing bottoming out as six-year slump eases
- Renault' first-quarter sales slide
- EU welcomes Hungary U-turn on central bank
- More World Business
UK slides into recession
Economy shrinks in the first quarter - enters first double-dip recession since the 1970s.
Comment & Analysis More Comment & Analysis
MIT alumni set agenda in banking
MALCOLM MAIDEN |
As the markets wait to see if the Reserve finally cuts rates, it is worth noting the make-up of the central bank's executive ranks.
- CBD A little bit extra for Chameleon directors
- Daniel Hannan Propping up euro no win-win for governments
- Insider Disclosure that's not meaningful isn't disclosure
- Stewart Oldfield Rebranding not always the remedy
- Elizabeth Knight Coles still a work in progress
- More Comments & Analysis
Small Business Resources | Startup | Entrepreneur | Franchise | Manage | Market | Trends
Small businesses face outsourcing dilemma
CHRIS ZAPPONE 3:57pm |
Small businesses are increasingly being faced with the dilemma of outsourcing to cut costs and maximise profits but at the price of domestic jobs and accountability.
- Enterprise Should you back up your social media activity?
- Get on page one of Google for under $100
- Business Maxims Avoiding the please-explain on GST
- The Venture What makes a real entrepreneur believable?
- Analysis Australian fashion raises the barbell
- Partners bubbling over with success
- Sunburnt country 'not convinced' by solar
- Mark Bouris Starting a business can be a 24-hour job
- Create a clear vision then take the plunge to go solo
- More Small Business
Money Saving | Borrowing | Investing | Planning | Super & Funds | Tax | Tools & Guides
Success in going it alone
In an era when superannuation returns have been disappointing, John Collett examines the pros and cons of taking charge of your own fund.
