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Leighton chairman Robert Humphris was clearly uncomfortable in announcing respected chief executive Hamish Tyrwhitt had been forced out of his job. "I find it gut-wrenching. I've been in tears toda..
Mining stocks have pushed the sharemarket higher, after heavy falls in iron ore prices came to an end. Encouraging news on the local jobs market, with jobs growing by more than 47,000 in February, ..
Pilbara miner Atlas Iron says the iron ore price would need to fall significantly before it affects the company's profitability. Chairman David Flanagan said recent analyst notes on Atlas showing b..
Origin Energy has suspended drilling at 12 rig sites in south east Queensland as it investigates an asbestos contamination incident. Origin says the suspension of drilling at its Australian Pacific..
The managing director of discount retailer The Reject Shop has resigned after more than four years in the role. Chris Bryce will leave the company at the end of June, and said on Thursday it was ti..
The board of construction and contract mining group Leighton has supported an improved offer from its majority shareholder Hochtief for a greater stake in the company. Leighton has also axed chief ..
US stocks finished mixed as cautious investors kept an eye on the Ukraine crisis and awaited more information on the direction of the economy. The Dow Jones Industrial Average lost 11.17 points (0...
Weakness amongst the major banks has pulled the sharemarket lower, despite some mining stocks bouncing back from recent losses. Invast Securities chief market analyst Peter Esho said resources stoc..
Australia's largest gas project Gorgon is almost 80 per cent complete, with two thirds of the gas already committed to buyers. In an investor update Chevron, the lead operator of the joint venture ..
The unemployment rate stayed at a decade high of six per cent in February, but there are plenty of signs of improvement in the jobs market. The number of people with jobs rose by 47,300 in the mont..
The flow of cash into the housing market has slowed for the second month in a row. But, at $26.864 billion, the value of housing loan approvals in January was still 22 per cent higher than January ..
Housing finance failed to grow for a second straight month in January, but economists are encouraged by a rise in the number of loans approved for construction of new homes.The number of home loans ap..
Massive job cuts by Qantas and car manufacturers shutting up shop have helped pushed consumer confidence to its lowest level in 10 months. The Westpac/Melbourne Institute index of consumer sentimen..
US stocks have finished lower as the market retreated from last week's records and waited for news that might support further gains. The Dow Jones Industrial Average fell by 67.43 (0.41 per cent) o..
Mining giant BHP Billiton says it's in good shape to weather steep iron price falls, despite predictions of more pain to come. Analysts have forecast more falls as the iron ore price fell to $US105..
Credit Union Australia has recorded an 18 per cent decline in its first half profit and expects subdued growth over the next six months. CUA made a net profit of $27.9 million for the six months to..
Global miner BHP Billiton says it's in a good position to weather steep iron price falls, despite predictions of more pain to come. Analysts have forecast more falls as the iron ore price reached $..
Shares in rare earths miner Lynas have tumbled after its half year loss widened. Rare earth minerals are used in a range of hi-tech products, including telescopes, X-ray and MRI scanning devices. ..
Shipbuilder Austal has received funding to build two more vessels for the US Navy, taking the value of its current order book to record levels. The company has received funds to build vessels seven..
Recent improvements in business conditions seem to have hit a snag as a lack of employment growth weighs on consumer confidence. February's National Australia Bank (NAB) business survey shows its b..
US stocks have slipped as weak economic data from China and Japan raised questions about the growth outlook in Asia. The Dow Jones Industrial Average fell 34.04 (0.21 per cent) to 16,418.68. The..
Origin Energy chairman and former beverages executive Gordon Cairns is the new chairman of retailer David Jones. His appointment follows the resignation of current chairman Peter Mason, and two oth..
Steep falls among Australia's biggest miners have pushed the sharemarket lower after weak Chinese trade data lead to a fall in commodity prices. Chinese import and export figures released on Saturd..
Jobs growth in February is expected to have bounced back after a weak result in January, but not enough to bring down the unemployment rate. Official labour force figures to be released on Thursday..
A Queensland coal seam gas operator has received a $160 million takeover offer from a Chinese firm. WestSide Corporation operates the Meridian SeamGas CSG fields west of Gladstone in Queensland, an..
