Business News, Finance & ASX Market News

1:41PM Thursday Nov 14, 2013

ASX 200	5363	43.823	0.82%
AUD/USD	0.9366	0.0003	0.03%

Big damage looms: Elders

BEN BUTLER 12:58pm | The defection of its live cattle trading team to rival Ruralco threatens the business, Elders tells court, adding the traders ran up expenses worth $740,000.

Markets Live: Banks bounce back

10:29am | ASX set to open higher as comments from US Federal Reserve vice chair Janet Yellen suggests the bank won't stop stimulus too soon.

Big shareholders tighten grip on Virgin

MATT O'SULLIVAN 9:47am | Virgin calls for cash amid fierce competition, in a move that paves the way for its major shareholders to fully take over the airline.

Bega ups ante in WCB bidding war

JARED LYNCH 11:12am | Bega is the latest bidder to raise its offer to take over Australia's oldest-listed milk processor, declaring its bid unconditional.

Optus revenue takes next hit

PETER CAI 11:40am | Optus' second quarter profit has surged on the back of aggressive cost cutting measures despite a drop in operating revenue.

Graincorp profit dives, flags soft conditions

BRIAN ROBINS 9:11am | Takeover target Graincorp's earnings have fallen steeply in the wake of dry weather conditions coupled with acquisition-related costs.

Fed has more work to do: Janet Yellen

11:25am | US labour market is performing "far short" of potential, Fed vice-chief Janet Yellen says, in remarks interpreted as a signal the Fed is unlikely to cut stimulus soon.

Bitter pill in Trans Pacific trade deal

PHILLIP DORLING 12:49am | WikiLeaks exposes details of secret negotiations that could leave Australians paying more for drugs and medicines, movies and software.

Economy China needs social security reforms: survey
Westpac Gail Kelly's pay slips to $9.2m
Listing Xstrata joins South African exchange
More Business News and Views

ASX 200	5363.0	43.8	0.8%

Dow Jones	15821.6	71.0	0.4%
Nasdaq	3965.6	45.7	1.2%
Hang Seng	22615.4	151.6	0.7%
NZ 50	4923.4	4.8	0.1%

Data delayed by 20 mins.

Business News Wire

12:57PM Don't forget the facts, says Graincorp

12:29PM Outlook brighter than it's been for years

11:00AM Bega Cheese raises offer for Warrnambool

10:45AM Virgin Australia raising $350m

10:40AM Optus lifts profit despite revenue fall

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

Macy's leads S&P; to record high

9:13am | The Dow and the S&P; 500 ended at record highs overnight, driven by gains in consumer discretionary shares after results from Macy's eased some worries about the holiday season.

Currency Aussie lifts ahead of Yellen confirmation
need2know Yellen comments to lift ASX
Commodities Oil rallies from five-month low
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Simple habits of the best investors

Motley Fool While bad habits get all the press, it's really their beneficial flip side we should focus on.

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World Business

Xstrata joins South African exchange

7:49am | Shares in Switzerland-based global mining and commodities giant Glencore Xstrata have been traded for the first time on the Johannesburg Stock Exchange, the firm says.

Stimulus Janet Yellen's challenge at the Fed
Reforms China pledges 'decisive' role for markets
Exchanges ICE completes takeover of NYSE
Stimulus Fed member wants inflation to speed up before tapering
More World Business

ellen's challenge at the Fed

Janet Yellen, President Obama's choice to lead the Federal Reserve over the next four years, has championed the idea that the Fed can stimulate the economy simply by speaking clearly.