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Nine Entertainment's prospects of avoiding receivership have received a boost after a group of debt holders led by Goldman Sachs agreed to a debt restructuring proposal. The proposal, put forward b..
Fortescue Metals believes iron ore prices will firm in the short term and the company will emerge stronger despite shedding 1000 jobs and shelving its expansion plans. While the company's decision ..
Desperate Gunns contractors say even if they recover hundreds of thousands of dollars owed to them, they have no future in Tasmania's forestry industry. Around 200 creditors have attended a first m..
Some of the public anger directed at Australian banks is justified and the only way to counter this is to treat customers well, Bendigo and Adelaide Bank says. Chief executive Mike Hirst said the h..
Transurban's share of revenue from its portfolio of toll roads rose 2.5 per cent in the September quarter, driven partly by an increase in tolls on some roads. Transurban owns 100 per cent of Melbo..
Australians remain concerned about the national economy, despite a small monthly rise in consumer confidence. The Westpac Melbourne Institute Index of Consumer Sentiment, released on Wednesday, sho..
Oil and gas producer Beach Energy has made another oil discovery which could bring in 440,000 barrels of recoverable oil. The Adelaide-based company said the new field oil discovery was made in Nam..
Stocks to watch on the Australian stock exchange on Wednesday, October 10: ARI - ARRIUM LTD - down 2.25 cents, or 2.78 per cent, at 78.75 cents Arrium has acted to boost its balance sheet agains..
A roundup of trading on major world markets: NEW YORK - US stocks have skidded after the International Monetary Fund (IMF) cut its global economic growth forecasts and investors braced for the star..
The Australian share market hit at a 14- month high on Tuesday, closing above the 4500 level for the first time since August 2011. Energy and Resources stocks drove the gains on the back of positiv..
Global miner BHP Billiton is continuing to slash costs in a subdued environment as it meets with workers in Perth this week about likely job cuts. AAP understands about 200 workers in its iron ore ..
Qantas Airways chief executive Alan Joyce says the proposed partnership with Emirates has been welcomed by staff as it will help secure jobs at the struggling airline. Mr Joyce says no jobs will be..
Shares in oil and gas producer Oil Search rose over three per cent after it signed five licensing agreements with gas giant Total to operate in Papua New Guinea (PNG). The deal, which has been in t..
The Australian share market has broken the 4500 level for the first time this year, led by big gains in the resource and energy sectors. At 1201 AEDT on Monday, the benchmark S&P/ASX200 index w..
Moves to stimulate the US and European economies helped lift Australian business confidence in September. The National Australia Bank (NAB) monthly business survey found confidence among businesses..
Troubled surfwear retailer Billabong has appointed actuary and Rhodes scholar Dr Ian Pollard as its chairman elect. The company on Tuesday said Dr Pollard would join the board as chairman elect and..
Stocks to watch on the Australian stock exchange on Tuesday, October 9: AQA - AQUILA RESOURCES LTD - down three cents, or 1.1 per cent, at $2.65 Aquila Resources shares lost more than one per ce..
US stocks have followed European and Asian markets lower, giving up some of last week's solid gains ahead of the third quarter earnings reporting season. At the close the blue-chip Dow Jones Indust..
St George has followed the lead of the major banks and reduced its variable home loan rates by less than the central bank's rate cut. St George will lower its standard variable home loan rate by 17..
The very man steering the sell-down of shares in QR National says the move to privatise Queensland's coal and bulk freight rail business was divisive, but that battle was over. The Liberal National..
The Australian share market has closed lower in cautious trading ahead of several meetings in Europe this week aimed at easing Europe's debt crisis. Eurozone finance ministers gather in Luxembourg ..
Aquila Resources shares lost more than one per cent after the company announced a $1.4 billion cost blowout for its contentious West Pilbara Iron Ore Project. Additional capital and operating costs..
The big banks insist they can't afford to pass on the Reserve Bank's interest rate cut, but angry mortgage holders are increasingly likely to respond by switching lenders. An Ernst and Young report..
Telstra Corporation has avoided a fine for a 2011 incident where it failed to protect the privacy of more than 700,000 customers. Instead, the Australian Communications and Media Authority (ACMA) o..
Jitters about the global economy and the future of the mining boom seem to be hurting employer confidence, with an industry survey showing that job advertisements have fallen for six straight months. ..
