Posted
| UpdatedRupert Murdoch's News Corporation posts a second quarter loss citing impairments in its Australian newspaper business as a key factor.
Topics: business-economics-and-finance, company-news, media, markets, stockmarket, multinationals, united-states, australia
Posted
US markets rally to a record high after comments by US President Donald Trump that he will be making a "phenomenal" tax announcement in the coming two to three weeks.
Topics: business-economics-and-finance, company-news, markets, currency, futures, stockmarket, australia, united-states
Posted
| UpdatedThe governor of the Reserve Bank backs the Government's campaign to lower the corporate tax rate, warning Australia needs to remain internationally competitive.
Topics: business-economics-and-finance, company-news, economic-trends, banking, money-and-monetary-policy, multinationals, regulation, australia
Posted
Pharmaceutical company Pfizer will close its Adelaide manufacturing plant, which makes and exports a chemotherapy drug, in less than five years, despite plans as little as a year ago to expand the site into a "state-of-the-art" facility.
Topics: company-news, chemicals-and-pharmaceuticals, pharmaceuticals, work, thebarton-5031, adelaide-5000, sa
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| UpdatedA former Westpac banker is sentenced to three years in prison after signing up elderly customers, including a 98-year-old woman in an aged-care facility, to $4 million in loans they could not repay.
Topics: banking, business-economics-and-finance, company-news, consumer-finance, consumer-protection, corporate-governance, australia, qld
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| UpdatedThe troubled financial services giant AMP posts its first full year loss since 2003 amid continuing concerns about its life insurance and wealth protection divisions, while Suncorp profit edges higher.
Topics: company-news, banking, business-economics-and-finance, multinationals, australia
Posted
AGL Energy reports a profit after tax of $325 million for the six months to December 31, a turnaround of $774 million from the prior period.
Topics: electricity-energy-and-utilities, company-news, business-economics-and-finance, australia
Posted
US banking stocks record their worst trading session on Wall Street in almost three weeks overnight, while real estate and utility shares out-performed.
Topics: stockmarket, business-economics-and-finance, company-news, banking, economic-trends, markets, currency, futures
Posted
| UpdatedRiding a wave of resurgent commodity prices, mining giant Rio Tinto has rebounded to full year net profit of $US4.6 billion ($6 billion) in 2016.
Topics: business-economics-and-finance, company-news, mining-industry, markets, multinationals, australia
Posted
Mortgage insurer Genworth suffers a steep sell-off as increased bad debts on WA and Queensland home loans combine with a decline in riskier new home lending to hit profits.
Topics: housing-industry, economic-trends, company-news, stockmarket, money-and-monetary-policy, australia, wa, qld
Posted
The Australian Retailers Association says increased competition and the high cost of doing business are driving fashion retailers, including Herringbone and Rhodes & Beckett, to the wall.
Topics: retail, company-news, fashion, australia
Posted
Motorists are paying Transurban more than a billion dollars every six months in road tolls, up 11 per cent in just a year.
Topics: road-transport, company-news, australia
Posted
| UpdatedCabcharge announces write-offs totalling $28.6 million in a statement released to the ASX.
Topics: business-economics-and-finance, company-news, consumer-finance, economic-trends, transport, regulation, australia
Posted
| UpdatedNational Australia Bank reports a 1 per cent fall in its cash earnings for the first quarter, despite a large reduction in bad and doubtful debts related to the commodities sector.
Topics: banking, company-news, australia
Posted
| UpdatedSeven West Media chief executive Tim Worner is cleared by a company-funded probe into allegations of misconduct related to an affair with a staff member.
Topics: media, company-news, corporate-governance, australia
Posted
Find out when Australia's major companies are releasing their earnings results this month, and how the companies that have reported performed.
Topics: stockmarket, company-news, australia
Posted
| UpdatedPopular Australian fashion retailers Marcs and David Lawrence appoint voluntary administrators, while Alannah Hill will close its David Jones concession stores.
Topics: retail, company-news, fashion, business-economics-and-finance, lifestyle-and-leisure, australia
Posted
| UpdatedInvestors pile into Facebook shares, helping lift the stock 2.2 per cent, as the world's largest social media network's revenue jumps 51 per cent, on an advertising boost.
Topics: business-economics-and-finance, company-news, stockmarket, science-and-technology, computers-and-technology, united-states
Posted
| UpdatedAn ongoing court action into allegations of money laundering and ambitious plans to expand the business have dragged down the profit of wagering giant Tabcorp.
Topics: company-news, industry, gambling, australia
Posted
| UpdatedA 100-megawatt solar power facility will be established at Tailem Bend in South Australia to serve customers of the fourth-biggest retailer in the national electricity market.
Topics: company-news, solar-energy, alternative-energy, environment, industry, electricity-energy-and-utilities, business-economics-and-finance, tailem-bend-5260, adelaide-5000, sa
Posted
Australia's largest rail freight operator Aurizon says it will take a $321 million hit to its accounts when it reports its half-yearly earnings, while Iluka takes a non-cash impairment of $141 million.
Topics: company-news, rail-transport, mining-industry, stockmarket, australia
Posted
The United States President's travel restrictions sparks concern among global investors overnight, resulting in Wall Street's worst session this year.
Topics: business-economics-and-finance, company-news, markets, currency, futures, stockmarket, regulation, united-states, australia
Posted
Australian insurer QBE denies it is considering selling out to rival global insurer Allianz after reports Allianz's chief executive met with QBE boss John Neal before Christmas.
Topics: insurance, business-economics-and-finance, company-news, markets, stockmarket, australia
Posted
Having hit record highs yesterday, stocks in the United States experiences a mixed session as investors digest several corporate earnings reports.
Topics: business-economics-and-finance, company-news, markets, currency, futures, stockmarket, united-states, australia
Posted
| UpdatedThe Dow Jones Industrial Average breaks through 20,000 points for the first time, thanks to some business-friendly policy decisions by US President Donald Trump and strong corporate earnings results.
Topics: stockmarket, business-economics-and-finance, company-news, economic-trends, markets, currency, futures, united-states, australia