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Ten Network Holdings is set to axe about 100 jobs from its newsroom after poor television ratings led to a full year net loss of almost $13 million. Staff at the television network were briefed on ..
Woodside Petroleum has lifted its full year targets and unveiled record production results, thanks to a better than expected performance at its Pluto operation. The oil and gas producer upgraded it..
US stocks have fought off early selling pressure linked to disappointing quarterly results from IBM and Intel to close broadly higher, extending two days of solid gains. Strong data on new home bui..
Wednesday was a big day for Nine CEO David Gyngell, marking the birth of his son and the rebirth of his television station. After two days of grinding negotiations, punctuated by the arrival of Mr ..
The Australian share market has climbed to its highest closing level since July 2011 as investors took heart from stronger US markets and fresh hopes that debt-ridden Spain will ask for some sort of f..
Shares in housing developer Stockland have fallen by almost four per cent after it said the property slump could cause full year earnings to fall by up to 15 per cent. Managing director Matthew Qui..
Blood products and vaccines supplier CSL Ltd will undertake another $900 million share buyback and still expects its profit to grow by about 12 per cent in fiscal 2103. The buyback is a continuatio..
Australia's economy is growing at a slower-than-normal pace, but is expected to pick up over the next six to nine months. The Westpac-Melbourne Institute Leading Index, released on Wednesday and wh..
Wagering and keno operator Tabcorp has lifted its overall revenue in the first quarter of the financial year by 2.9 per cent despite a fall in revenue from wagering, which is the company's biggest bus..
Ten Network is in danger of having to conduct its second capital raising in less than six months, after the $145 million sale of its outdoor advertising business hit a hurdle. Ten on Wednesday anno..
Rupert Murdoch has survived a second shareholder push to oust him as News Corp's chairman, with the media mogul painting a rosy picture of the company's recent achievements and future under his guidan..
Citigroup has shocked Wall Street with news of the immediate resignation of chief executive Vikram Pandit and his top aide a day after the No.3 US bank posted quarterly earnings. Citi's board on Tu..
US markets registered their best gains so far this month on good earnings reports from Mattel, Coca-Cola and Johnson & Johnson, as Citigroup rose 1.6 per cent after the shock resignation of its CE..
Fortescue Metals Group expects the iron ore price to stabilise at about $US120 per tonne as stimulus in China generates increased demand for steel. The iron ore miner said its average cost includin..
Telstra may have sacked about 2000 local call centre workers but the telco says it's still committed to generating jobs in Australia. The telco told shareholders at its annual general meeting that ..
Cochlear faces the prospect of a boardroom spill in 2013 after shareholders voiced their disapproval of the bionic ear company's remuneration report. Details of proxy votes lodged with the Australi..
The Australian share market has closed slightly higher after easing back from an earlier peak, with investors encouraged by a positive lead from United States markets and prospects of another cut to i..
Cochlear faces the prospect of a boardroom spill in 2013 after shareholders railed against the bionic ear company's executive pay. About 30.85 per cent, or 10.8 million, of all votes cast by Cochle..
Construction on Gina Rinehart's $9.5 billion Roy Hill project is expected to be pushed back to mid 2013 following delays in securing finance for the giant iron ore mine. Roy Hill general manager of..
Lend Lease shares have hit a 14-month high after an investigation into errors in the accounts of its Abigroup construction business uncovered no widespread issues. Senior management at Lend Lease i..
Rio Tinto has posted record iron ore production for the quarter, but the sharp fall in iron ore prices continues to raise worries about its reliance on the commodity. The world's second largest iro..
The central bank is getting a bit more pessimistic about the mining boom and another rate cut is likely in the next couple of months. The Reserve Bank of Australia (RBA) lowered the cash rate by a ..
US stocks have scored solid gains as investors digest upbeat retail sales data and better-than-expected earnings from Citigroup that helped lift financial stocks. The Dow Jones Industrial Average c..
The Australian share market has closed flat, with gains in traditionally defensive sectors offset by weakness among resources-linked stocks amid quiet trading conditions. The benchmark S&P/ASX2..
The issue of executive pay is set to feature prominently at Cochlear's annual general meeting, with shareholder groups set to reject the awarding of options worth $1 million to chief executive Chris R..
