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The Australian stock market closed almost one per cent lower following steep falls on Wall Street. At the close on Thursday, the benchmark S&P/ASX200 index was down 39.2 points, or 0.89 per cen..
Troubled steelmaker BlueScope Steel has slashed bonuses and cut its chief executives pay packet to help it avoid a damaging shareholder protest vote at its annual general meeting. BlueScope has mad..
Building products maker James Hardie's first-half profit has fallen 35 per cent but the company says there are good signs in its key market, the United States. James Hardie made a net profit of $US..
Fortescue Metals Group will take an 18 per cent stake in oil and gas explorer Oil Basins, as it looks to diversify following volatility in the iron ore price. Fortescue's relatively small $4.2 mill..
Grains marketer and maltster GrainCorp has rejected a $2.68 billion takeover proposal from US-based food processing giant Archer Daniels Midland Company (ADM) whilst boosting its annual profit by 19 p..
Ports and rail operator Asciano has told shareholders that it is operating in a tough economic environment and it is frustrated by its disappointing share price performance. Investors were told at ..
Seven Group Holdings managing director Peter Gammell says the media and industrial services group is "doing very well" after forecasting a rise in first-half underlying profit for 2012/13. Seven Gr..
Stocks to watch on the Australian stock exchange on Thursday, Nov 14 BRG - BREVILLE GROUP LTD - down four cents at $5.80 Kitchen appliance maker Breville expects its earnings to rise by 10 per c..
US stocks tumbled on Wednesday as President Barack Obama challenged Republicans to accept tax increases for the wealthy in a deal to avert the year-end fiscal cliff. After opening higher, helped by..
The Australian market ended a four-day run of losses to close higher, driven by large financial sector stocks. At the close on Wednesday, the benchmark S&P/ASX200 index was up 8.6 points, or 0...
Online travel company Webjet has indicated its net profit may fall in the current financial year due to the cost of expansion and a slow travel market. Webjet said on Wednesday the leisure travel m..
Wesfarmers says its retail businesses, especially supermarket giant Coles, is driving the company's growth as it reiterated its positive outlook for 2013. Wesfarmers chief executive Richard Goyder ..
The property downturn has caused a 50 per cent profit fall for building products maker CSR, which says a recovery in the sector is unlikely before mid-2013. CSR's net profit of $17.5 million for th..
Australians are beginning to respond to interest rate cuts earlier in the year, with consumer sentiment surging to its highest point in 19 months. And another rate cut could be on its way in Decemb..
Paint maker DuluxGroup says it is satisfied with the progress it is making on its $210 million bid for building products and garage door supplier Alesco. DuluxGroup also on Wednesday posted a lower..
A slightly weaker-than-expected reading for wage prices in Australia gives few clues on whether the reserve bank will cut its interest rate soon. Total hourly rates of pay, excluding bonuses, rose ..
Mining magnate Nathan Tinkler's Mulsanne Resources and coal explorer Blackwood Corporation have been given another week to work out a settlement over a $28.4 million debt before returning to court. ..
Stocks to watch on the Australian stock exchange on Wednesday November 14 BHP - BHP BILLITON LTD - down 55 cents at $33.75 Mining giant BHP Billiton has been given until 2016 to go ahead with th..
US stocks closed lower on Tuesday as worries about Greece's debt crisis and the US "fiscal cliff" took the shine off strong quarterly results from home-improvement giant Home Depot. The Dow Jones I..
Seven West Media has narrowly avoided a first strike over executive pay at its annual general meeting. Nearly 24 per cent of shareholders voted against the company's remuneration report, just shy o..
The Australian share market has closed sharply lower after its biggest one-day fall in four months. Investors fretted over the ongoing bailout of Greece and negotiations in the US to avoid the so-c..
Rio Tinto has called for unions to get out of the workplace, blaming them for falling productivity, as some of its coal workers planned to go on strike. The global mining giant's Australian head sa..
Property prices are showing signs of life but there will be no repeat of a 1990s-style housing boom, a senior Reserve Bank of Australia (RBA) analyst says. A growing population, the current low rat..
The board of engineering company UGL has avoided a shareholder-induced spill, after disgruntled investors didn't have the required numbers to instigate a so-called second strike over executive remuner..
Incitec Pivot says it is taking steps to reduce the risk associated with its fertiliser business, while continuing to focus on expanding its explosives business, especially in Asia. Incitec Pivot o..
