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There are few signs cautious shoppers will loosen their purse-strings heading into Christmas, troubled department store operator David Jones says. David Jones reported on Wednesday sales revenue ro..
US stocks have closed near break-even, clawing back from losses after Hewlett-Packard reported a huge charge for an acquisition, offsetting fresh data signalling recovery in the housing market. Aft..
Australian stocks closed firmer amid optimism about the US tackling its deficit problems but underperformed offshore leads out of America and Europe. At the close on Tuesday, the benchmark S&P/..
Westpac chairman Lindsay Maxsted says 2012 stands as the year in which Australia woke up to the fact that it was rapidly losing its cost competitiveness - and the mining industry is partly to blame. ..
Engineering firm Monadelphous expects its first half sales revenue to grow by 40 per cent due to record levels of new construction work. The company provides construction, maintenance and industria..
Ruralco Holdings says it does not yet know whether it will bid for Elders' rural services business. Ruralco chairman Richard England on Tuesday said Ruralco was monitoring the situation but had not..
Gold miner Newcrest says a new legal claim against licences granted to it by former NSW Labor powerbroker Eddie Obeid is without merit. Exploration company Gold and Copper Resources (GCR) has filed..
Despite three interest rate cuts since May, consumers aren't spending any more than they were five months ago. The Commonwealth Bank's (CBA) Business Sales Indicator (BSI), released on Tuesday, sho..
Shares in Radio Rentals owner Thorn Group have slumped after it said expansion plans and challenging market conditions are likely to cause a drop in full year profit. Thorn Group on Tuesday posted ..
Aussie households could be in for some early Christmas cheer, with the Reserve Bank of Australia (RBA) hinting at a possible rate cut for December. However, a decision to cut the cash rate from 3.2..
Rare earths miner Lynas expects its controversial plant in Malaysia to finally begin production in December after long delays caused by environmental and political concerns. The company has also st..
US stocks have surged on upbeat housing data and hopes that politicians will find a way to avoid the so-called "fiscal cliff" of automatic tax hikes and spending cuts in January. The jump was under..
The Australian market closed higher after investors received a glimmer of hope that US politicians may be able to negotiate to avoid falling off the "fiscal cliff". At close on Monday, the benchmar..
National Australia Bank chief executive Cameron Clyne has received a small pay rise to $8.8 million. But Mr Clyne remains the third-highest paid of Australia's bank bosses, behind ANZ's Mike Smith ..
China is on track to become the world's largest generator of nuclear power between now and some time in the 2020s, a senior Rio Tinto executive says. Rio Tinto Energy general manager of markets and..
The Australia Pacific liquefied natural gas (APLNG) joint venture has begun drawing on its $US8.5 billion ($A8.25 billion) funding facility for its massive LNG project in Queensland. APLNG on Monda..
Steel-maker Arrium has narrowly avoided a first strike against its executive remuneration package, as its chairman urged frustrated shareholders to keep faith in the company's mining-led future. Ch..
Santos chief executive David Knox says Australia needs to tap into the large pool of foreign skilled labour to meet the planned development of energy projects in the years ahead. The head of the oi..
Billabong shares have jumped after the head of the troubled retailer's US business announced that he was considering taking over the surfwear company. Director and president of Billabong's US busin..
Stocks to watch on the Australian stock exchange on Monday, November 19 ANZ - ANZ BANKING GROUP LTD - down 39 cents at $23.66 ANZ chief executive Mike Smith's annual pay has grown to $10.1 milli..
US stocks snapped a three-day losing streak on Friday after political leaders signalled a determination to compromise to avoid sending the economy over the fiscal cliff. Shares opened lower but too..
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..
