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Share market closes lower as investors wait for EU action

The Australian share market has closed lower as investors fear that European leaders lack the will to solve the debt crisis in the euro zone.

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Reserve Bank says it is not fazed by falling house prices

RBA unfazed by housing market fears in Australia although the day of reckoning is coming in Europe

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Don Voelte to head Seven West Media

Former Woodside Petroleum chief executive Don Voelte has been appointed chief executive of Seven West Media.

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Ivanhoe cuts jobs as Rio Tinto seeks to reduce costs

Ivanhoe Australia, the operator of a copper and gold mine in Queensland, says it will cut 50 jobs in order to $10 million each year.

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Online orders to Aussie businesses surge by 32%

Australian businesses received an extra $46 billion worth of online orders in the 2010-2011 financial year, compared to the previous 12 months.

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Rinehart, Murdoch and Packer boost their stakes in Ten Network Holdings

Gina Rinehart and Lachlan Murdoch each spent millions on new shares in Ten Network's recent fund raising venture.

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