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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..
Confidence is down in the property and construction sector, even in the prosperous mining states, according to a private study. The Property Council of Australia-ANZ Property Industry Confidence Su..
US stocks have closed mixed as investors digested strong earnings reports from Dow members Boeing and Caterpillar and disappointing results from Apple. Weaker-than-expected numbers on new-home sale..
Independent directors of Hastings Diversified Utilities Fund's (HDF) responsible entity will meet to discuss a fresh takeover offer from APA Group as investors ponder whether there will be a new bid f..
The Australian sharemarket has closed slightly lower as fears that Spain may be headed for a financial bailout overshadowed lower-than-expected inflation figures in Australia. At 1615 AEST on Wedne..
The patience of Oz Minerals shareholders continues to be tested, with the company revealing a sharp quarterly jump in production costs and development of its new copper-gold project. The miner will..
Investment company AMCIL Ltd expects the Australian sharemarket to remain difficult in the short term as local investors wait for events to play out in Europe. AMCIL reported a 4.0 per cent portfol..
Atlas Iron plans to double production by the end of 2013 as it presses ahead with a rail feasibility study. The iron ore miner recently entered into an agreement with rail operator QR National to l..
Stockland Group is on the hunt for a new boss after Matthew Quinn announced he was stepping down after 11 years at the global property developer's helm. Just three months after telling Stockland's ..
The Australian sharemarket has continued to lose ground following the release of weaker-than-expected inflation figures. At 1200 AEST on Wednesday, the benchmark S&P/ASX200 index was down 24.7 ..
An inflation reading just below market expectations could prompt a cash rate cut from the central bank, but probably not at its next meeting, economists say. The consumer price index (CPI) rose 0.5..
