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Bega Cheese has increased its takeover offer for Warrnambool Cheese and Butter, but it doesn't match the $505 million offered by rival Murray Goulburn.Bega Cheese on Thursday said it was now offering ..
Optus is looking to improve its standing among customers by abolishing breakage fees and reducing bill shock, as it deals with lower revenues.The telco lost 38,000 customers during the three months t..
The share market has opened strongly on comments by the US Federal Reserve suggesting tapering of its stimulus program won't occur until next year. Janet Yellen, the nominee to lead the US Federal ..
James Hardie shares have hit a record high, adding $691 million to the company's value, after it more than doubled its first half profit.The building products maker made a net profit of $US194 million..
Grains handler and marketer GrainCorp expects lower than average grain receivals and exports amid tougher conditions over the next 12 months.GrainCorp chief executive Alison Watkins says many growers ..
US stocks have pushed to fresh all-time highs after a strong earnings report from Macy's raised hopes about the upcoming holiday shopping season.At the closing bell on Wednesday, the Dow Jones Industr..
The share market has posted a significant fall as investors took profits and consider the possibility of the United States reducing its economic stimulus program soon. OptionsXpress market analyst ..
Seven West Media chief executive Tim Worner is hopeful of improved market conditions in December but says the broader ad market remains short and unpredictable.The Seven Network's key "tentpole" progr..
Australians saw a modest rise in wages in the September quarter, giving the Reserve Bank of Australia scope to cut the cash rate further if need be.Total hourly rates of pay, excluding bonuses, rose b..
Low interest rates and rising house prices are boosting consumer confidence but Australians are growing more concerned about their job security. Consumer sentiment increased by 1.9 per cent to 110...
People are again starting to buy new homes now the election is over, building supplier CSR says.Managing director Rob Sindel says uncertainty over the election outcome had discouraged people from buyi..
Construction giant Leighton has blamed what it calls a media campaign for falsely tarnishing its reputation and damaging its financial position.The company said recoveries of bills in Iraq, where it i..
US stocks have closed mostly lower amid renewed speculation about the Federal Reserve's intentions to reduce its massive monetary stimulus.The Dow Jones Industrial Average, which hit a record high on ..
Australian shares have edged higher as gains by mining and chemical companies offset more falls by the major banks. Options XPress market analyst Ben Le Brun said banking stocks had again failed to..
Business confidence has fallen from a three and a half year high as weak trading conditions offset a short lived boost from the election of a new federal government. National Australia Bank's month..
Earthmoving company WesTrac is cutting 630 jobs as the mining investment downturn hits machinery sales.The cuts will be implemented in the next month as part of a restructure of the business, which is..
Another former Telstra manager has been appointed to the National Broadband Network Company board.Justin Milne, who quit as Telstra's managing director of media and broadband in 2010, is the second pe..
Higher commodity prices are helping resource stocks offset dips in banking shares. Diversified miner BHP Billiton appears to be the main beneficiary, Lonsec senior client adviser Michael Heffernan ..
Incitec Pivot expects its explosives business to drive earnings while it waits for India to buy more fertiliser.Incitec Pivot on Tuesday reported a $139 million fall in its full year profit, after gra..
Rupert Murdoch's News Corporation insists it can make money out of its newspapers online despite steep falls in advertising revenue weighing on the business.The new News Corp's first quarterly financi..
The Australian market looks set to open higher following gains on international markets as dealers digest positive data from the US and China amid quiet trade on a public holiday. At 0645 AEDT on T..
US stocks have ended modestly higher as investors appeared to take a breather in a semi-holiday session after Friday's strong rally on the back of encouraging jobs data.The Dow Jones Industrial Averag..
The Australian share market has closed lower as investors put aside a positive lead from US markets and took a breather from a strong run upwards in recent months. US stocks rose on Friday after be..
It's supposed to be part of the "rebalancing" of the economy, but there are signs that the housing industry is getting a bit unbalanced itself. The value of housing loans approved in September was ..
Reserve Bank of Australia assistant governor Guy Debelle has taken a swipe at the United States for the problems ultra-loose monetary policy in the US is causing countries like Australia. The remar..
