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Myer chief Bernie Brookes is adamant better times are ahead for the retailer, but shareholders will have to wait until at least 2015 to see sales and profit improve. The department store's profit f..
US stocks have dropped after Federal Reserve Chair Janet Yellen offered a rough timetable for when the central bank could raise benchmark interest rates. The Dow Jones Industrial Average slid 114.0..
The share market has edged higher as investors wait to see how quickly the United States will continue to wind back its economic stimulus measures. Investors are looking past developments in Ukrain..
David Jones boss Paul Zahra says Myer's $3 billion merger proposal doesn't make sense for his company in its current form. David Jones has appointed consultants to consider Myer's offer, but Mr Zah..
Origin Energy has restarted drilling on five of 12 southeast Queensland rigs where operations were suspended due to asbestos contamination. Origin suspended work at its Australian Pacific liquefied..
Property developer Stockland has bought a major stake in fellow developer Australand. Stockland acquired a 19.9 per cent stake in Australand, or more than 115 million securities, at an average pric..
While many investors are steering clear of Qantas in the wake of its record $252 million half year loss, the company's biggest shareholder has continued to lift its stake in the airline. US investm..
David Jones says a lower Australian dollar has helped it to pinch customers back from international online rivals. Earnings from the company's department store business grew by more than eight per ..
US stocks have barrelled higher despite Russia's move to absorb Crimea following a controversial weekend vote by the region to secede from Ukraine. The Dow Jones Industrial Average jumped 88.97 (0...
The Australian share market has closed higher as global markets rallied on the back of encouraging US factory production figures and relief that sanctions imposed on Russia after the Crimea vote were ..
Mining giant BHP Billiton has committed almost $10 million to help farmers in Mozambique. BHP pledged $US8.8 million ($A9.72 million) over five years to a new agricultural initiative to benefit sma..
The Reserve Bank is more optimistic about the economy, meaning a likely end to its interest rate cuts. In the minutes of its March board meeting, the RBA reiterated its stance that the cash rate wi..
Retailer David Jones will undertake a thorough assessment of a merger proposal put by rival Myer. David Jones has appointed consultants to help it review the proposal, and identify any benefits for..
Agricultural chemicals and seeds supplier Nufarm will cut 105 jobs as part of a cost cutting restructure of its Australian operations. Nufarm expects the restructure will save up to $13 million a y..
US stocks have bolted higher, brushing off geopolitical concerns after a controversial vote by Crimea to secede from Ukraine and join Russia. The Dow Jones Industrial Average jumped 181.55 (1.13 pe..
The sharemarket is slightly lower as investors monitor the situation in Crimea following a controversial referendum. Crimea has voted to join Russia in a referendum rejected by the US and the Europ..
Property and infrastructure group Lend Lease and its partner, French construction firm Bouygues Construction, have been appointed the preferred tenderer to build the $3 billion NorthConnex Motorway in..
Leighton Holdings shares have fallen sharply as investors worry about the construction giant's future profits, lower dividends and more than $5 billion in unpaid bills. Retail and institutional inv..
The Australian market looks set to open lower following falls on Wall Street as tensions between the US and Europe and Russia continued with Crimea expected to vote to break from Ukraine. At 0645 A..
US stocks closed modestly lower as the United States and Europe appeared headed for collision with Russia over Crimea's plan to vote on splitting from Ukraine on Sunday. The Dow Jones Industrial Av..
The sharemarket has suffered it largest one day fall in almost six weeks due to disappointing Chinese economic figures and increasing tension over Ukraine's Crimea region. IG market strategist Stan..
ANZ is keeping its home loan interest rates on hold for another month. The bank's standard variable rate remains at 5.88 per cent per annum, after the Reserve Bank of Australia left the cash rate a..
US stocks fell sharply as weak Chinese economic data and rising tensions in Ukraine offset solid US retail sales and labour-market data. The Dow Jones Industrial Average tumbled 231.19 points (1.41..
Qantas chief executive Alan Joyce says he is trying to avoid impacts on workers as the airline proceeds with a turnaround plan that includes cutting 5000 jobs. The target, part of a $2 billion cost..
A union official says Qantas workers are earning $200 less than the weekly minimum wage because they are only offered part-time work. Transport Workers Union national secretary Tony Sheldon told a ..
