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US shares edge higher ahead of Yellen test

US stocks have edged higher as Federal Reserve chair Janet Yellen prepares for her first chance to voice her views of the economy to Congress.

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ANZ profit shows big four still growing

ANZ has grown its cash profit by 13 per cent in the first quarter of its fiscal year, indicating another year of record profits by the big four lenders.

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Changes at DJs could mean CEO stays

Analysts say the resignation of David Jones chairman Peter Mason could mean chief executive Paul Zahra will no longer step down.

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US lead lifts Australian share market

The Australian share market has closed higher after a positive lead from US markets.

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ACCC would review Myer/DJs merger

The Australian Competition and Consumer Commission says it would review any proposals to merge Myer and David Jones.

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US job engine sputters for second month

The US economy pumped out a net 113,000 new jobs in January, far fewer than the 175,000 that economists had forecast.

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