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The Australian share market closed lower as the global picture became more uncertain following negative leads from Europe and the United States. At the close on Friday, the benchmark S&P/ASX200..
ANZ chief executive Mike Smith's annual pay has grown to $10.1 million on the back of larger cash bonuses. Mr Smith's base salary of $3.15 million in the year to September 30 was unchanged from the..
Vodafone Australia chief executive Bill Morrow has opened a new front in the third-ranked telco's battle for survival, targeting government subsidies given to market leader Telstra. Mr Morrow took ..
Clothing and camping equipment store Kathmandu has surprised the market with a dramatic jump in sales, in a positive sign for retailers approaching Christmas. The Australasian company posted a 19.5..
Cash Converters expects to increase its short-term lending this financial year as smaller providers leave the industry due to regulatory changes. New laws aimed at tightening responsible lending ob..
Industrial property owner Goodman Group has maintained its full-year earnings forecast as it continues to expand globally. "We are performing strongly, with accelerating business activity in our ke..
None of the big four rank in the top 10 when it comes to Australia's preferred bank, new research shows. Commonwealth Bank, Westpac, National Australia Bank and ANZ are all outranked by their small..
Stocks to watch on the Australian stock exchange on Friday November 16 AIO - ASCIANO LTD - up 15 cents at $4.33 Ports and rail operator Asciano has told shareholders that it is operating in a to..
US stocks zigzagged around the break-even line in volatile trade on Thursday before ending slightly lower, pulled down in part by Walmart's disappointing earnings. The giant global retailer sank 3...
Qantas' move to buy back about four per cent of its issued stock to improve the airline's ailing share price appears to have had initial success. The airline on Thursday launched a $100 million buy..
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..
