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Programmed Maintenance Services has reaped a $32.1 million profit as its competitors struggle.Mining services companies such as UGL, WorleyParsons and Transfield have all downgraded their earnings rec..
News Corp has unveiled a friendlier-looking logo for the publishing division as it prepares to split the struggling newspaper and book unit from its TV and movie business by the end of June.The unveil..
The Dow has closed at a new all-time high after strong gains in US home prices and consumer confidence boosted stocks.The Dow Jones Industrial Average was up 106.29 (0.69 per cent) at 15,409.39, a new..
Australian shares finished slightly higher on Tuesday, stemming the market's five-day run of losses. Investors largely sat on the sidelines after the US and UK markets were closed overnight, offeri..
The Bank of Queensland has appointed former Citigroup managing director Roger Davis as its chairman. The appointment of 59-year-old Mr Davis follows the retirement of BoQ chairman Neil Summerson wh..
Shares in taxi payments company Cabcharge have tanked after the Victorian government said it would order it to slash fees on card payments by half. The share price fall came after Victorian Premier..
The New Zealand dollar was little changed in local trading as investors compose themselves after a 5.4 per cent slide against the greenback on improving prospects for the US economy. The kiwi trade..
Australia would miss out on a once-in-a-generation liquefied natural gas (LNG) boom unless it reduced costs by up to 30 per cent, says a new report. Where once Australia rode on the sheep's and man..
Property owner and manager GPT Group has dropped its $3 billion bid for Australand's commercial and industrial assets. After launching a bid in December last year and recently completing due dilige..
Oil and gas major Chevron says its Gorgon and Wheatstone projects have injected $30 billion into the local economy and created 14,000 jobs.Chevron Australia managing director Roy Krzywosinski said the..
Virgin Australia is another step closer to taking control of Tiger Airways Australia after gaining approval from the Foreign Investment Review Board (FIRB). The FIRB has no objections to Virgin's p..
Coal miner New Hope Corporation's production dropped in the three months to April as it dealt with excess coal stocks and weak market conditions. The company produces thermal coal from open cut min..
Australian stocks closed lower on Monday, adding to a string of losses notched up last week. Sentiment remains weak in relation to concerns about Chinese economic growth and quantitative easing in ..
Analytical testing services group ALS has lifted full year net profit as the company's entry into new markets helped offset some weakness in the mining sector. ALS, known as Campbell Brothers until..
Australia's oil and gas industry has defended its contribution to the economy, saying it will deliver $13 billion a year in taxes by the end of the decade. A day after the nation's peak manufacturi..
Australia faces a hiatus in new liquefied natural gas (LNG) projects as buyers switch their focus to the United States. Consulting group Wood Mackenzie says opportunities for new Australian LNG pro..
The Australian dollar is trading near one-year lows as pessimistic traders stay out of high-risk, high-yield assets. At 1200 AEST on Monday, the local unit was trading at 96.29 US cents, down from ..
It seems David Jones' customers are just not that interested in buying winter coats and jumpers while the weather is warm enough to still go swimming. Retailers have a long history of bringing out ..
The head of global energy giant Shell says rising costs are a challenge for doing business in Australia.Royal Dutch Shell wants to develop a floating liquefied natural gas (LNG) project in Western Aus..
ANZ Bank customers in Australia may need a grasp of Kiwi vowels and lingo if they want to ring a call centre.The bank is transferring 70 jobs from Australia to a call centre in Wellington, saying the ..
Excessive wage demands are threatening major energy projects in Australia, a federal Labor minister says.Woodside Petroleum last month dumped a $45 billion liquefied natural gas project which was prop..
US stocks have closed flat, reeling in early losses but showing caution following Japan's Thursday 7.3 per cent plunge and ahead of the three-day US Memorial Day holiday weekend.The Dow Jones Industri..
The Australian stock market has tumbled to a five-week low, with $26 billion wiped from the value of the bourse.The sour mood from Thursday, when investors fretted over the prospect US and Japanese ce..
Australia's largest beef cattle producer has blamed the suspension of live exports to Indonesia for a $46.5 million March quarter loss.Australian Agricultural Company (AACo) managing director David Fa..
Gap Inc. is reporting a 43 per cent increase in first-quarter earnings as the clothing chain's turnaround continues.The San Francisco-based clothing retailer, which operates the Gap, Old Navy and Bana..
