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Bendigo and Adelaide Bank posted a strong jump in annual profit, but faces increasing earnings pressures this year in an economy with low confidence. The nation's biggest regional lender lifted its..
Australia's largest freight rail operator Aurizon has flagged more job cuts as it deals with a growth slowdown in China. The company, formerly known as QR National, made a net profit of $447 millio..
US stocks have closed out a choppy day of trade on a negative note following a mixed batch of economic data and a big jump in bond yields. The Dow Jones Industrial Average fell 30.72 (0.20 per cent..
BHP Billiton is facing possible corruption action by US regulators stemming from the Beijing Olympics and an investigation. The US Securities and Exchange Commission (SEC) and Department of Justice..
Jobs could be on the line as the Australian regional media (ARM) operations of APN News and Media look for more cost savings with revenue continuing to fall. APN chief executive Michael Miller said..
Australia's largest automotive retailer has boosted its profits thanks largely to the low interest rates offered on personal car loans. Automotive Holdings Group, which owns dealerships in Australi..
Home builder AVJennings has recorded another annual loss, but says the real estate market is improving. The company made a net loss of $15.3 million in the year to June 30, compared to a loss of $2..
Australia's biggest private hospitals operator, Ramsay Health Care, is urging patients to quit Medibank should a dispute with the insurer over funding not be resolved satisfactorily.But Medibank, whic..
ANZ boss Mike Smith is optimistic about ongoing strength in the Australian and Chinese economies, which he says will drive profit growth for country's most Asia-exposed bank. The bank made a cash p..
US stocks have fallen for a second day, opening lower despite a rise in housing starts.Five minutes into trade on Friday, the Dow Jones Industrial Average dropped 33.02 (0.22 per cent) to 15,079.17.Th..
Anyone wondering why the economy feels a bit soft at the moment need go no further than two sets of economic data released on Thursday. One was the Westpac-Melbourne Institute Consumer unemployment..
China has soared almost to the top of the world's economic league tables, but whether the official data underpinning its status can be trusted is a constant headache, analysts say. Simmering unease..
Property firm Goodman Group is keeping its money in its pockets in case acquisition opportunities arise. Goodman, which on Thursday booked a rise in annual operating profit of 17 per cent, said gea..
Lenovo Group, the world's biggest personal computer maker, says its quarterly profit rose 23 per cent as sales of smartphones and other mobile devices doubled. Lenovo said Thursday it earned $US174..
Bank of Queensland will refund 38,000 customers about $34.5 million after they were overcharged in fees and underpaid in interest. The bank will also incur additional remediation costs of $11.5 mil..
Wesfarmers has lifted its net profit six per cent in the 2012/13 financial year. The company has made a net profit of $2.26 billion during the year, up from $2.12 billion in the 12 months. Coles..
Australian stocks have opened slower on the back of disappointing data out of the United States. The market dropped 13.2 points, or 0.26 per cent, to 5,127.8 on Thursday morning. IG markets anal..
The head of Coles says Australians are still paying too much for groceries, even as it posted a $1.5 billion full year profit.A 13 per cent rise in earnings from Coles helped its parent company Wesfar..
The new chief executive of AMP says the company needs to adapt to the changing ways people are handling their money and investments.Craig Meller will take over as CEO of the wealth manager on January ..
US stocks have opened lower following mixed economic data and disappointing earnings outlooks from Dow components Cisco and Walmart.Five minutes into trade on Thursday, the Dow Jones Industrial Averag..
The Australian share market is slightly lower after strong earnings reports from major companies failed to hearten investors. Investors were subdued on Wednesday despite market heavyweight Commonwe..
After parting ways with Ralph Lauren, Oroton is hoping a new deal with another iconic American fashion brand will help boost business.The luxury handbag retailer has signed a joint venture agreement w..
Sydney Airport will buy out its minority shareholders in a $1.2 billion move to simplify its ownership.The company says it will buy the 15.2 per cent interest in Australia's biggest airport that it do..
Optus admits it needs to improve the quality of its network after seeing rival Telstra scoop up most of the 550,000 customers who this year abandoned struggling telco Vodafone.The telco has watched it..
Optus admits it needs to improve the quality of its network after seeing rival Telstra scoop up most of the 550,000 customers who this year abandoned struggling telco Vodafone. The telco has watche..
