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.
![insider-dinkus](http://web.archive.org./web/20120426135219im_/http://images.businessday.com.au/2011/05/10/2354816/insider-dinkus-200x133.jpg)
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
![Britain's Prime Minister David Cameron speaks during a news conference at an European Union summit in Brussels December 9, 2011.](http://web.archive.org./web/20120426135219im_/http://images.businessday.com.au/2011/12/10/2831524/th-27-david-cameron-200x133.jpg)
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
![](http://web.archive.org./web/20120426135219im_/http://images.smh.com.au/2009/10/24/810843/ian-verrender_127x127.jpg)
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.