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Beverage company Coca-Cola Amatil (CCA) says its earnings have been hit by a price war with Pepsi and fewer soft drinks sales in supermarkets, especially in blue collar areas.Managing director Terry D..
US stocks have closed mixed, with Bank of America advancing strongly on news of a key mortgage securities settlement.The broad-based S&P 500 edged to a new all-time closing high, rising 3.08 (0.19 per..
The 500 largest US companies scored near-record profits last year and retailer Wal-Mart replaced ExxonMobil as the biggest revenue maker on the annual list, Fortune magazine says.Apple cracked into th..
The Australian share market closed higher as the resources sector staged a recovery due to a jump in commodity prices. CMC Markets chief market analyst Ric Spooner said Australian market turned its..
The Australian dollar is still higher after getting a boost from better US employment figures, increasing optimism about the America's economic recovery. At 1700 AEST on Monday, the local unit was ..
Shares in Slater & Gordon jumped 10 per cent shortly before trade was halted ahead of a capital raising by the law firm. The company requested its shares be placed in a trading halt until Wedne..
Construction and mining services giant Leighton has assured investors its finances are okay despite debt levels rising sharply in the March quarter.While the company posted a strong net profit of $123..
Iron ore miner Fortescue Metals Group hopes to sell part of its rail and port assets by mid-year, with the proceeds going towards paying down its massive debt.Chief executive Nev Power would not divul..
Troubled media group APN News and Media has appointed News Ltd's Michael Miller as its chief executive.Mr Miller's appointment is the latest move in a shake-up at the highest levels of APN, that has a..
Greater demand from miners and the New Zealand dairy industry has help explosives and chemicals supplier Orica increase its profits by six per cent.Orica's net profit of $267 million in the six months..
Australia's retail sector may be doing just well enough to stand in the way of a rate cut, even with a drop in sales in March.Retail sales fell 0.4 per cent in March, with household goods and clothes ..
There is no sign yet of improvement in the depressed Australian housing sector, and the industry could benefit from another interest rates cut, says building products supplier Boral.In a trading updat..
The Dow Jones Industrial Average has risen above 15,000 for the first time following a solid US jobs report. At 1429 GMT on Friday (0029 AEST, Saturday), the Dow reached 15,000.54, up 173.96, or 1...
European and US stock markets have soared, with the Dow, S&P 500 and Germany's Dax setting new records, as strong US jobs data for April revived confidence in the US economic recovery. At the e..
US stocks have soared to new closing records after a strong US jobs report revived confidence in the economic recovery. The Dow Jones Industrial Average was up 142.38 (0.96 per cent) to 14,973.96 o..
US stocks have jumped after the Department of Labor reported solid jobs gains for April and a slight decline in the unemployment rate. Five minutes into trade on Friday, the Dow Jones Industrial Av..
The Australian sharemarket closed flat amid profit taking in the booming bank stocks and some worries about global growth. The market was up 0.6 per cent for the week despite it posting losses from..
The Reserve Bank fo Australia is likely to cut interest rates to never-before-seen lows this year, but economists don't think the move will come this month. None of the 13 economists surveyed by AA..
JB Hi-Fi shares are up six per cent after the retailer said it expected full-year profit to increase by up to 11 per cent. JB Hi-Fi on Friday said it expected sales in 2013 to be around $3.3 billio..
Gold futures have gained as traders bet demand for the metal would rise after the European Central Bank (ECB) lowered its interest rate and the Federal Reserve signalled a steady hand on its easy-mone..
Westpac shareholders will be rewarded with a special dividend after the bank posted a record $3.3 billion first half profit. However, Westpac chief Gail Kelly dampened hopes of similarly rewarding ..
Shareholders in Alumina have lost patience with the company's poor performance delivering a first strike vote against its executives pay. Chief executive John Bevan's $A2.2 million plus salary pack..
Travellers can expect to enjoy cheaper domestic airfares for a little longer, as Australia's major carriers keep adding seats into the local market. Qantas chief executive Alan Joyce says that alth..
The S&P 500 has reached a new all-time high, boosted by an expected European Central Bank interest rate cut and a surprisingly good US jobless claims report. The S&P 500 rose 14.89 points, ..
Kraft Foods has reported first-quarter results that beat Wall Street expectations as it increased sales and cut costs following its split from its global snack business. The company, based in North..
