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Wealth manager AMP has increased its cash flows in the third quarter of calendar 2012 due to growth in self-managed superannuation funds. AMP said it had a net cashflow of $605 million in the three..
Job cuts and lower costs helped investment firm Macquarie Group overcome subdued financial markets to increase its first half profit. Macquarie met expectations with a net profit of $361 million in..
Myer boss Bernie Brookes received a 4.4 per cent pay rise in 2012 while the retailer's profits fell. Myer's annual report, released on Friday, reported that Mr Brookes' pay, not including long-term..
Struggling surfwear brand Billabong is a bit like the Australian Greens - it appeals to the youth market, but its leaders are mature-aged. Slides of teenage swimwear models holding surfboards and s..
BHP Billiton has called for government collaboration in a bid to ease regulatory pressure on the mining sector amid continued volatile global markets. While the dual-listed Anglo-Australian company..
Stocks to watch on the Australian stock exchange on Friday October 26 ANZ - ANZ BANKING GROUP LTD - down 22 cents at $25.38 Small and medium businesses are in for more economic pain, which could..
US stocks have made modest gains as durable goods orders and weekly unemployment claims came in better than expected and Procter & Gamble earnings beat forecasts. The Dow Jones Industrial Avera..
The Australian market has closed marginally higher on a day defensive stocks shone. The benchmark S&P/ASX200 index closed up 4.7 points, or 0.1 per cent, at 4,510.5 points on Thursday, while th..
Echo Entertainment chairman John O'Neill insists he is relaxed about James Packer opening a rival casino within a proposed $1 billion six-star resort in Sydney. Just hours after news breaking that ..
Australia's largest goldminer Newcrest Mining has urged shareholders to keep the faith in the company's long-term picture after a series of hostile questions at its AGM. A rash of problems at its L..
Hyundai Motor Co. has suffered a fall in third quarter profit versus the previous quarter after strikes dented vehicle production. South Korea's largest car maker said on Thursday net profit fell 1..
Whitehaven Coal has announced that it will close its Sunnyside mine indefinitely due to weak coal prices. The mine, near Gunnedah in north-eastern NSW, currently employs 14 Whitehaven workers and 2..
Small and medium businesses are in for more economic pain, which could worsen if the Australian dollar rises again, ANZ boss Mike Smith warns. The bleak assessment for the year ahead came despite a..
James Packer's Crown says its plan for a luxury Sydney hotel and casino has taken a big step forward after passing the first stage of the NSW government approval process. Crown's proposal for a $1 ..
US stocks have closed lower, unable to hold on to earlier gains amid weak corporate earnings and after the Federal Reserve left policies on hold as expected. The Dow Jones Industrial Average fell 2..
Mining billionaire Gina Rinehart has struck a blow against the Fairfax Media board, voting against the company's executive pay report after a torrid annual general meeting (AGM). And in an extraord..
Australian stocks managed to avoid some of the heavy falls experienced on Wall Street, but the local sharemarket still finished 0.8 per cent lower. At the close of trade on Wednesday, the benchmark..
The packaging of securities on financial markets had a key part to play in the way the global financial crisis spread from the US housing market, the Reserve Bank of Australia (RBA) says. Speaking ..
Southern Cross Media Group says it hopes the worst of the industry wide advertising slump is behind it but is expecting a flat profit result for 2012/13. Shareholders, irate at the radio and televi..
The outgoing chairman of embattled surfwear brand Billabong says the company remains open to takeover offers as it fights to revive its fortunes. Addressing Billabong's annual general meeting for t..
Inflation came in well above expectations in the September quarter, but the case for an interest rate cut next month remains solid. The consumer price index (CPI) rose by 1.4 per cent between the J..
Shares in Fairfax Media have gained as much as nine per cent after its executives reassured shareholders a strategic review would help the troubled media company ride out tough trading conditions. ..
AGL Energy says it has cut marketing and ended some customer discounts in response to the "ill-considered" decisions of state governments to regulate power prices. AGL chief executive Michael Frase..
Ten Network Holdings has received a reduced offer for its outdoor advertising business Eye Corp from its private equity suitor. Ten on Tuesday said Outdoor Media Operations (OMO), which is controll..
Inflation in September quarter is expected to be below the central bank's two to three per cent target band and could prompt a Melbourne Cup day interest rate cut. The Australian Bureau of Statisti..
