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Telstra shares hit $4 for the first time in four years as the telco starts to benefit from its recent involvement with the national broadband network (NBN) and growth in its mobile and broadband busin..
Miner Ivanhoe Australia's tumultuous year continued as it announced plans to slash exploration spending by half. The Rio Tinto-controlled company will reduce exploration expenditure to about $15 mi..
Engineering firm Transfield Services has won $100 million in new work with resources companies in Western Australia's Pilbara region. Transfield said on Monday it had signed a one-year contract wor..
APN News and Media has named a new chairman and had a lucrative advertising contract with the NSW State Transit Authority bus fleet extended. APN on Monday said announced Peter Hunt, the founder of..
The number of new home sales rose for the third consecutive month, thanks to a surge in multi-unit dwelling sales. The Housing Industry Association (HIA) on Monday said new home sales rose 2.8 per ..
German Chancellor Angela Merkel and Italian Prime Minister Mario Monti have pledged to do everything necessary to shield the debt-wracked eurozone from the crisis. In a telephone talk on Saturday, ..
The White House is forecasting a budget deficit of $US1.21 trillion ($A1.17 trillion) in 2012, $US116 billion less than it projected in February, according to a report released Friday afternoon. Th..
Faced with Facebook, Starbucks and Angela Merkel, the US stock market has chosen to focus on Merkel. For a second day, Wall Street powered higher after European leaders, including German chancellor..
The Australian share market has closed at its strongest level in a week after a pledge by the European Central Bank (ECB) to preserve the euro underpinned renewed investor confidence. At close on F..
Alesco Group chairman Mark Luby has written to shareholders urging them to reject a fresh $210 million takeover offer from DuluxGroup. Mr Luby's letter sent to shareholders on Friday said Alesco ha..
Takeover talks between Billabong and US private equity firm TPG are expected to take at least a month, as the troubled surfwear retailer tries to push for a higher offer. Billabong on Friday said i..
Intrepid Mines has posted a first half loss of $US31.97 million ($A30.86 million) as it aims to resolve joint venture problems and legal issues at its Indonesian operations. Net loss after tax attr..
Jetset Travelworld has appointed former Qantas executive Rob Gurney as its new CEO, the company announced on Friday. The news comes after current CEO Peter Lacaze confirmed to the board his intenti..
Residential developer AV Jennings fears it will plunge into the red with a net loss of up to $32 million as people continue to put off buying new homes. AV Jennings delivered the warning on Friday ..
The world's biggest Biotech company, Amgen, increased its second-quarter net income eight per cent on higher sales for its top-selling drugs and a gain from selling its share of an experimental medici..
The Australian government has given the all-clear to commodities trader Glencore International's $6 billion takeover of dual-listed agribusiness Viterra Inc. The decision by the Foreign Investment ..
Stocks to watch on the Australian stock exchange on Friday, July 27 ALZ - AUSTRALAND PROPERTY GROUP LTD - up 16 cents at $2.71 cents Australand is confident of delivering earnings growth in 2012..
The Australian share market closed stronger as investors snapped up industrial stocks amid renewed hopes for a potential solution to the European debt crisis. The benchmark S&P/ASX200 index gai..
Takeover target Hastings Diversified Utilities Fund (HDF) has opened the doors to predator APA Group to discuss its sweetened $1.34 billion offer. Independent directors of HDF's responsible entity,..
Caltex Australia has refused to guarantee the long-term future of 660 workers at its Brisbane oil refinery after committing to shutting its Sydney plant. A combination of cheap labour costs and new..
Weapons developer Metal Storm is up for sale after a complex financing deal fell through, forcing it into voluntary administration. The company on Thursday appointed Dean-Willcocks Shepard Recovery..
The head of one of Australia's retail giants fears there is no end in sight to the nation's consumer gloom, despite its flagship Coles supermarket boasting a hefty full year sales increase. Wesfarm..
Australia's biggest gold miner Newcrest Mining says major project expansions at Cadia Valley and Lihir remain on schedule as its shares jump six per cent in 48 hours. Newcrest shares closed one per..
Australand is confident of delivering earnings growth in 2012 after reversing its profit slide amid tough times in the property development market. Australand on Thursday reported a six per cent ri..
Shares in Qantas Airways have soared as the national carrier confirmed it is in talks with a number of airlines about potential alliances, including Dubai-based Emirates. Qantas said that making al..
