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Orica shares tumble as profit downgraded

Orica shares have fallen heavily after the explosives supplier told the market its profit is set to fall by 10 per cent.

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Santos’ production down, revenue up

Oil and gas producer Santos has cut its production forecasts but says revenues were up in the June quarter.

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Dow, S&P 500 hit highs on earnings reports

New records on the Dow and the S&P 500 have followed a second day of congressional testimony from Federal Reserve chairman Ben Bernanke.

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Australian shares edge higher

Australian shares have closed higher, despite falling in afternoon trade from an earlier peak above 5,000 points.

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Quick sale is a good sale for home sellers

The faster a home is sold, the lower the level of discounting, meaning more cash for vendors, research shows.

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Business confidence down on US, China fear

Fears of a slowdown in China and tapering of US economic stimulus has driven business confidence lower in the last three months.

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