Business Breaking News

Today

5:02PM (AEST): Stocks to watch at close on Tuesday

STOCKS of interest on the Australian Securities Exchange at close on Tuesday Read more
2:40PM (AEST): PaperlinX to axe jobs in Europe

PAPER merchant PaperlinX plans to cut 140 jobs in Germany and the United Kingdom as it continues to restructure its operations. Read more
2:39PM (AEST): Saputo lifts stake in Warrnambool Cheese

CANADIAN dairy giant Saputo has increased its stake in Warrnambool Cheese and Butter to 17.9 per cent. Read more
2:37PM (AEST): Rio considers dumping Alaskan mine stake

RIO Tinto is reviewing its 19.1 per cent stake in a massive proposed copper mine in southern Alaska. Read more
2:36PM (AEST): Kiwi steady against major currencies

"THE kiwi has left for an early Christmas, there has been absolutely no movement," says Peter Cavanaugh, client adviser at Bancorp Treasury. Read more
12:26PM (AEST): NZ share buyers into pre-Xmas bargains

THE NZX 50 Index has gained about one per cent in relatively thin Christmas Eve trading, with institutional investors away on holiday. Read more
10:57AM (AEST): NZ election weighs on equity market:broker

THE possibility of a Labour/Green coalition being elected is starting to impact sharemarket performance, First NZ Captial says. Read more
10:09AM (AEST): Hyundai, Kia to pay millions in settlement

HYUNDAI and Kia will pay up to $US395 million ($A443.10 million) to US consumers as part of a proposed settlement over overstated gas mileage. Read more
8:11AM (AEST): Talley's to lift Open Country stake

TALLEY'S is increasing its stake in Open Country Dairy to as much as 70.5 per cent from 55.5 per cent. Read more
7:58AM (AEST): Gold slips in quiet holiday trade

GOLD futures prices have fallen 0.6 per cent in a quiet day of trading on Comex ahead of the Christmas break Read more
7:58AM (AEST): Copper is little changed on the LME

COPPER futures have closed little changed on the LME amid quite trade with many traders already off on the Christmas break. Read more
7:35AM (AEST): US Federal Reserve turns 100

THE Federal Reserve, set up by US bankers and lawmakers to create a more stable banking system, turns 100. Read more
4:33AM (AEST): US consumer spending up 0.5% in November

US consumer spending has risen 0.5 per cent in November, the best showing since June. Read more

Yesterday

7:58PM (AEST): Wellbeing higher for widows than couples

WHEN it comes to marital status, widowed people report the highest levels of wellbeing, a survey shows. Read more
5:38PM (AEST): Newcrest faces shareholder class action

GOLD miner Newcrest has been advised shareholders intend to launch legal action relating to the company's disclosure of massive asset writedowns in June. Read more
5:37PM (AEST): nib lifts premiums by eight per cent

HEALTH insurer nib will increase its premiums by an average of 7.99 per cent from April. Read more
5:36PM (AEST): Asciano takes over Toll's north Qld rail

ASCIANO-OWNED Pacific National Rail has signed a 13-year rail deal securing business from Toll Holdings and taking over its north Queensland rail service Read more
5:13PM (AEST): Goodman Fielder sells biscuits business

FOOD company Goodman Fielder will sell its biscuits business as it focuses on its core products in its groceries operations. Read more
5:05PM (AEST): NZ shares rally with 'bargain-hunting'

HALLENSTEIN Glasson shares are up 4.5 per cent, leading some retailers higher, with Paymark figures suggesting a strong Christmas. Read more
5:05PM (AEST): Stocks to watch at close on Monday

STOCKS of interest on the Australian Securities Exchange at close on Monday Read more
5:05PM (AEST): SP AusNet suffers credit downgrade

ENERGY group SP AusNet has suffered a credit downgrade after last week's conditional approval for China's State Grid Corporation to buy a stake. Read more
4:39PM (AEST): Settlement over leaky NZ schools

THE NZ Ministry of Education and James Hardie Industries have settled after the company supplied materials used in leaky schools. Read more
4:25PM (AEST): Kiwi retreats in pre-Christmas trading

ALTHOUGH the kiwi dollar has weakened against major currencies in pre-Christmas trading, one market adviser says it remains on an "upside bias". Read more
3:17PM (AEST): Thiess wins $230m coal contract

THIESS has won a one-year $230 million contract extension at Glencore Xstrata's Mt Owen Coal Mine in the NSW Hunter Valley. Read more
2:23PM (AEST): Watpac wins $80m St Kilda contract

WATPAC has won an $80 million contract to build a residential tower in Melbourne. Read more
12:40PM (AEST): Ex-Brierley company to delist from NZX

WITH New Zealanders now owning just 4.2 per cent of the company that started out as Brierley Investments, it is to delist from the NZX. Read more
12:39PM (AEST): David Beckham gets into casino game

RETRIED soccer superstar David Beckham has signed on to promote the Las Vegas-based Sands' properties in Singapore and Macau. Read more
11:38AM (AEST): Tiffany ordered to pay $A504m to Swatch

TIFFANY and Co has been ordered to pay more than $A500m in compensation and legal fees to Swatch over a contract dispute. Read more
11:38AM (AEST): Head of Sydney's The Star resigns

THE Star's managing director Frederic Luvisutto has resigned to take a job overseas, less than two years into his role. Read more
7:43AM (AEST): LME base metals recover

LME base metals rose on Friday, recovering from the previous day's fall caused by the US Fed's tapering announcement. Read more
7:43AM (AEST): Gold rebounds from earlier falls

GOLD prices rebounded on Friday from falls caused by the US Federal Reserve's decision to wind back its bond buying program. Read more