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Fortescue to take stake in Oil Basins

Fortescue to take an 18 per cent stake in oil and gas explorer Oil Basins, as it diversifies after volatility in the iron ore price

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GrainCorp rejects takeover, lifts profit

Grains marketer GrainCorp has rejected a $2.7 billion takeover proposal as too low after lifting its annual profit by 19 per cent.

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Asciano says it’s set to deliver growth despite a tough economy

Ports and rail operator Asciano has told shareholders it is operating in a difficult economic environment and is frustrated by its weak share price

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Seven Group expects growth in underlying profit

Industrial services and media company Seven Group has forecast a rise in underlying profit for the first half of the 2012/13 financial year.

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Stocks to watch early on Thursday

Stocks of interest on the Australian Securities Exchange on Thursday.

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Obama cliff remarks spark US stock tumble

US stocks have tumbled as President Barack Obama challenged Republicans to compromise on the 'fiscal cliff' challenge.

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