Morgan Stanley digital signage is displayed on the exterior of the company's headquarters in New York, U.S., on Friday, ...

Economy may have gone backwards

Several factors may cause the Australian economy to record its fourth quarter of negative growth in 25 years, Morgan Stanley analysts have warned.

ASX takes time for Thanksgiving

Shares took a breather after two strong sessions, with the 5500 level proving a bridge too far amid a day of low trading volumes.

'We've changed our ways'

Woolworths chairman Gordon Cairns has defended a decision to challenge claims it acted unconscionably towards suppliers.