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US stocks rise by 1% but Facebook plunges by 10%

US stocks rise more than one per cent on hopes of a Chinese stimulus program and that Greece will get a pro-austerity government, but Facebook falls again.

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Suncorp spends $275m for long term cost cutting

Suncorp says its insurance business is recovering well from a tough 2011, as the company implements another round of savings measures.

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New Hope lifts both its sales and coal production

New Hope has lifted coal production for the third quarter but its profitability might be affected by weaker prices.

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Dart Energy shelves plans to float its global business

Dart Energy has shelved plans to float its international business in Singapore due to weak share market conditions.

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Tatts issues bonds to raise $200m to pay off bank debt

Lotteries operator Tatts Group plans to raise $200 million to pay off bank debts by issuing bonds to investors.

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New home sales rise in April: Housing Industry Association

Housing Industry Association figures show that new home sales rose 6.9 per cent in April, following a 9.4 per cent fall in March.

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