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David Jones boss Paul Zahra has given the strongest indication yet he will remain in the job, stressing that he hasn't yet handed in his resignation. Mr Zahra signalled his intention to resign in O..
Telstra has increased its dividend for the first time in eight years as it gains almost 740,000 new mobile customers and lifts its half yearly profit by nearly 10 per cent. Telstra made a net profi..
Toll road operator Transurban says it will take a substantial stake if it and its consortium partners bid for Queensland Motorways Ltd (QML). "Clearly, for us to be involved it would have to a very..
Economists expect little improvement in the jobs market in the months ahead, after the unemployment rate hit six per cent for the first time in over 10 years. Australia's jobless rate for January r..
US stocks finished mixed, snapping a four-day winning streak for the S&P 500 and the Dow Jones Industrial Average. The Dow lost 30.83 (0.19 per cent) at 15,963.94. The S&P 500 dipped 0.4..
Australian stocks have finished higher for the fifth consecutive trading session as the resources sector led the gains. RBS Morgans client adviser Alistair McCorquodale said investors were continui..
China's trade surplus surged in January, according to data Wednesday that showed exports strengthening in a potentially brighter note for the world's second-biggest economy after a disappointing perfo..
Consumer confidence has fallen to its lowest level in seven months as worries about rising unemployment and higher interest rates causes anxiety about household finances. Commonwealth Bank economis..
Dexus Property Group has managed to lift its half year profit while moving to acquire Commonwealth Property Office Fund (CPA). Dexus, the owner of $7.4 billion in office and industrial properties, ..
Oz Minerals chief executive Terry Burgess hopes to offload a controlling stake in the company's key growth asset before departing later this year. Mr Burgess says the company is talking to global c..
The head of property developer Stockland says there is no housing price bubble and Australia remains a cheap place to achieve the dream of home ownership. Despite first home buyers being outnumbere..
Blood products and vaccines maker CSL says a treatment that it is developing to stop recurring heart attacks has the potential to transform its business. Chief executive Paul Perreault says data co..
Pathology and medical centres operator Primary Health Care has boosted its half-year dividend by 38 per cent after lifting profits 8.6 per cent to $75.5 million. The company made more money from it..
Commonwealth Bank chief Ian Narev has defended his bank's record $4.27 billion half year profit, saying strong banks lead to a strong economy. The result puts the country's largest bank on track to..
US stocks have jumped more than one per cent after new US Federal Reserve chair Janet Yellen confirmed she would continue existing Fed monetary policy. The Dow Jones Industrial Average leaped 192.9..
Macquarie Group says its market exposed businesses have experienced mixed trading conditions in recent months, sending its share price lower. But the investment bank still expects to achieve profit..
The sharemarket has closed higher as strong profit growth by ANZ drove gains in the banking sector. After falling in early trade, the market rebounded as investors focused on ANZ's $1.73 billion ca..
Australian business conditions have risen to close to a three-year high, a private survey shows, while business confidence is up for the first time in four months. And, manufacturing conditions rec..
The Australian share market has opened slightly weaker after the lost of manufacturing jobs and mixed earnings reports impacted investor confidence. Australian shares did not follow strong leads fr..
Growth in lending for housing took a hit in December but economists believe the sector will be a major driver for the economy in 2014. The number of home loans approved in December fell 1.9 per cen..
GrainCorp will slash 130 jobs and close its Murarrie plant in Brisbane as it shifts its food manufacturing operations to Victoria. The grains marketer plans to inject $125 million into its edible o..
Shares in hearing implant maker Cochlear have fallen heavily after delays in regulatory approvals for new products contributed to a 73 per cent drop in half year profit. Cochlear made a net profit ..
US stocks have edged higher the day before new Federal Reserve chief Janet Yellen gives her premier testimony to Congress, with attention focused on how she views recent employment weakness. The Do..
A double digit jump in ANZ's first quarter profit has analysts predicting a sixth consecutive year of record earnings for the major banks. ANZ's cash profit in the three months to December 31 grew ..
The resignation of David Jones chairman Peter Mason could keep chief executive Paul Zahra in his job and pave the way for merger negotiations with rival Myer. Mr Mason and fellow director Leigh Cla..
