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Transurban dumps US motorway

Toll road owner Transurban is offloading the poorly performing Pocahontas 895 in the United States to its lenders.

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US stocks open lower ahead of Fed meet

Five minutes into trade, the Dow Jones Industrial Average was down 13.90 points (0.09 per cent) at 15,162.18.

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Australian shares close lower

The Australian share market is in a form slump closing lower for the 13th day in 17 trading sessions on Thursday

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Rio Tinto slashes Tiwai Pt smelter value

A write down in the value of the Tiwai Point aluminium smelter has blown a more than half billion dollar hole the owner's accounts.

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Jobs data – trend still inadequate

The trend in employment growth is just a bit below what's needed to turn off the dripping tap torture of a gradually rising jobless rate.

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Unemployment rate records surprise fall

The unemployment rate fell in May to 5.5 per cent and the number of people with jobs rose by 1,100.

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