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Specialty Fashion soars on profit guidance

Shares in Specialty Fashion have risen by more than 40 per cent after the company said it expects to nearly triple its first half profit.

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Apple’s plunge hits Nasdaq, but Dow higher

The drop in Apple's stock has hit the Nasdaq, but the Dow has ended the day higher on positive results from airlines.

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Australian shares close higher

The Australian market has closed at a 20 month high driven by gains for the major banks and Telstra.

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Fortescue won’t pay MRRT in fiscal 2013

Fortescue Metals Group does not expect to pay any of the federal government's MRRT this financial year due to lower iron ore prices.

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Residential land sales down: HIA

A quarterly study of residential land sales shows a fall of 17.8 per cent in the three months to September.

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Fortescue to keep lid on costs amid sales

Iron ore miner Fortescue Metals Group expects is ramping up production and selling assets as it tries to keep a lid on costs in 2013

Full Article

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