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Australia's economy is expected to pick up over the next six to nine months, the Westpac-Melbourne Institute Leading Index suggests.
New keno and poker machine management businesses have helped Tabcorp lift revenue in the first quarter of the financial year by 2.9 per cent.
Ten could be forced into its second capital raising this year after an agreement to sell its outdoor advertising business was terminated.
A defiant Rupert Murdoch has survived a second attempt by disgruntled shareholders to end his dual role as chairman and chief executive of News Corp.
Citigroup CEO Vikram Pandit has resigned, raising questions over his sudden departure even as the bank has lagged behind others in recovering from the GFC.
Wall Street makes good gains with positive earnings reports from major companies, including Coca-Cola, Citigroup and Mattel.
