Business News, Finance & ASX Market News

ASX 200	5445.4	59.054	1.1%
AUD/USD	0.9613	0.0029	0.30%

Wine giant class action

ELI GREENBLAT 11:48am | Litigation funders prepare possible class action against Treasury Wine Estates, claiming "deceptive and misleading conduct" over disclosures.

Markets Live: Bulls drive ASX over 5400

12:06pm | The Australian market opens over three-quarters of a per cent higher following strong gains on Wall Street driven by strong earnings from Amazon and Microsoft.

Snowgum goes into voluntary administration

BEN BUTLER AND ELI GREENBLAT 1:33pm | Adventurewear retailer lurches into voluntary administration following an dispute over rent with a landlord.

Bendigo takes aim at Big Four dominance

CLANCY YEATES 12:37pm | Bendigo and Adelaide Bank urgesthe government to put big banks' dominance under a microscope as part of upcoming inquiry.

Rio sells off $1b in Australian coal assets

8:24am | Rio Tinto has agreed to sell its majority stake in Australia's third-largest thermal coal mine to Glencore Xstrata and Japan's Sumitomo Corporation.

Argo flags modest growth expectations

GEORGIA WILKINS 11:45am | Argo Investments has warned of weak earnings growth over the coming year as subdued economic conditions force companies to cut costs.

ANZ to kick start bumper profit season

CLANCY YEATES | Three of Australia's biggest banks are tipped to churn out profit growth of up to 10 per cent alongside higher dividends when they report their annual earnings.

CBA spy subject's legal threat

A customer who claims the Commonwealth Bank spied on him is threatening legal action that could expose records of other covert surveillance operations by the company.

Banking ANZ targets Gonski to be its next chairman
Economists reject Abbott's direct action plan
Property Clocktower Square sold for $72 million
Mining services Boart's demise 'hard to watch': former CEO
Revenue Voters back crackdown on tax
Regulation Jailed executive hits out at ASIC
Courts Sims confident fleeing Foster will be caught
More Business News and Views

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Business News Wire

12:47PM Bendigo boss: regulations favour big four

11:35AM Treasury Wine may face class action

11:20AM Rio Tinto sells Clermont Mine

10:58AM Health clubs boost Ardent revenue

10:29AM Australia still needs carbon price: GE

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Markets ASX Indices | ASX Top Movers | GICS Industries | Currencies

No news is good news as local shares surge

1:23pm | The big banks have led the Australian market to its highest level for the year as investors respond to a less fraught environment in the US and Europe.

Currencies $A recovers losses as optimism returns
Wall Street S&P; scores new record as US stocks rise
Commodities Gold closes at more than one-month high
Liquidity Chinese money market rates surge
More Markets

Facebook, Apple and the Fed

Wall Street Week Ahead Fed policy on track to fuel more share gains in Apple and Facebook, which report results next week.

Business calendar for Oct 27 to Nov 2
Motley Fool Have I got a deal for you
Markets Stock bubble? No, says Greenspan
Intelligent Investor My life without God or Twitter
Mining Strong appetite for iron ore futures

Video

World Business

Dubai opens up sprawling second airport

6:33am | The Gulf emirate of Dubai has opened passenger operations at its second airport, Al-Maktoum International, touted to be the world's largest once it is completed.