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Shareholders of Treasury Wine Estates are set to start a class action against the company over excess inventory in the United States.
A solid performance by health clubs and entertainment centres has helped boost quarterly revenue and earnings for Ardent Leisure.
The Dow Jones Industrial Average rose 61.07 (0.39 per cent) on Friday to 15,570.28. The broad-based S&P 500 increased 7.70 (0.44 per cent) to 1,759.77.
Australian shares closed firmer and are at five year highs with investors buoyed by strong earnings results out of the US.
Two major LNG projects in Queensland will share pipeline infrastructure so they transport gas in a deal expected to save hundreds of millions of dollars
The chief executive of Bank of Queensland has received a pay rise to $2.9 million as the bank improved its financial performance.
