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Toll road owner Macquarie Atlas Roads says it may be able to declare a distribution in early 2013. The group on Thursday posted a loss for the first half of the 2012 calendar year, due partly to it..
Fund manager Perpetual will cut more jobs next year as it continues with a major restructure that contributed to a 57 per cent drop in its full year profit. The company on Thursday announced a $68 ..
Citigroup is offering to pay $US590 million ($A571.21 million) to legal claims by shareholders that its executives dissembled about the bank's growing problems before the financial crisis. The bank..
Operations have resumed at Newcrest's flagship gold mine in Papua New Guinea (PNG) after a dispute with local land owners was resolved. Australia's biggest gold miner said normal operations had res..
The Australian share market has closed almost flat as investors wait to see if there will be more moves to stimulate the sluggish US economy. At 1615 AEST on Wednesday, the benchmark S&P/ASX200..
CCP BidCo has sweetened its takeover offer for ClearView Wealth, with investors in the takeover target now in line to receive up to 59 cents a share. Clearview, which in July rejected CCP's initial..
Company profits are down but still not the horror story expected due to a spate of under-promising and over-delivering in the profit-reporting season. Total reported full-year profits for the year ..
Engineering giant WorleyParsons says the slow down in the Australian resources sector has had a relatively minor effect on the global company. WorleyParsons expects to achieve good growth in underl..
The head of construction and maintenance firm Transfield Services has stepped down after turning a full year loss into a healthy net profit of $84.8 million. Chief executive Peter Goode will resign..
Southern Cross Austereo chief executive Rhys Holleran is hopeful there will be a pick-up at the struggling Ten Network. Ten supplies programming to Southern Cross Austereo's regional television sta..
New figures on Wednesday showed what the construction sector contributed to economic growth in the June quarter. Nothing. Construction counts for about one seventh of all the activity included i..
The operator of the Australian sharemarket has appointed Reserve Bank of Australia board member Heather Ridout as a non-executive director. Ms Ridout will stand for election to the board of ASX Ltd..
US stocks have finished mixed after economic data gave no clear direction on the economy, and as investors awaited a key speech by Federal Reserve chief Ben Bernanke on Friday. The Dow Jones Indust..
Australian stocks have closed firmer, with defensive sectors leading the broader market higher. At 1615 AEST on Tuesday, the benchmark S&P/ASX200 index was up 15.7 points, or 0.36 per cent, at ..
DuluxGroup could walk away from its $210 million takeover offer for Alesco Corporation if the pair fail to resolve an argument about dividends. DuluxGroup and building products group Alesco have be..
Gaming machine supplier Aristocrat Leisure has lifted first half profit by nearly 40 per cent but says it is still has some way to go before reaching its full potential. The $34.7 million net profi..
Shares in Seven Group Holdings have risen almost six per cent after the media and earthmoving-machinery company said strong activity in the resources sector was likely to continue. Seven Group more..
Australia's largest gold miner Newcrest has suspended production at its flagship Lihir mine in Papua New Guinea amid a dispute with land owners. Newcrest is negotiating the benefits it pays local l..
A cashed-up Beach Energy will spend $200 million this year to develop its Cooper Basin assets closer to production, after the company returned to profitability. The oil and gas producer and explore..
Grains marketer and malt producer GrainCorp has acquired two food oils businesses for $472 million and will combine them to form GrainCorp Oils. GrainCorp said on Tuesday that it had agreed to acqu..
Virgin Australia shares were down in morning trade as the airline failed to give earnings guidance after reporting a return to profitability. At 1245 AEST on Tuesday, Virgin was down 1.75 cents, or..
Stocks to watch on the Australian stock exchange today. AGO - ATLAS IRON LTD - down five cents at $1.605 Atlas Iron expects the price of iron ore to increase over the next two months as China's ..
Shares of Apple have hit new record highs after the company won its patent lawsuit against Samsung, but overall stocks traded mixed. Stocks swung from early losses into gains and back again during ..
The Australian share market has closed slightly lower as investors wait to see if the United States and China will take further measures to stimulate their economies. On Monday, the benchmark S&..
The Australian dollar fell to its lowest level in a month, amid negative sentiment about China's economic outlook and speculation that Australia's mining boom might be waning. At 1700 AEST on Monda..
