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Share market closes lower

Australian shares have closed slightly lower for the third straight week following disappointing Chinese data and weaker iron ore prices

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Echo unloads Townsville casino

Echo Entertainment Group has sold its Townsville casino so that it can focus more on its bigger properties.

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Reject Shop suffers after weak Christmas

Shares in discount retailer The Reject Shop have plunged after it told the market sales in the Christmas period were below expectations.

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Spending on WA oil and gas falls

Spending on exploration in Western Australia's oil and gas sector fell by 10 per cent in the September quarter.

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ResMed’s US results disappoint

Sleep disorder equipment supplier ResMed has achieved profit growth but says its performance in the US market has been disappointing.

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US existing-home sales rose 1% in December

The median price for existing US homes last month was $US198,000 ($A224,300), up 9.9 per cent from December 2012.

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