Yahoo! scheduled a news conference Monday amid reports it was in talks with the popular blogging platform Tumblr about an acquisition or strategic alliance. The California tech giant offered no details ...
Company News & Earnings
- Firm's exclusion from Bendigo hospital tender unlawful, court rules ABC - Fri, May 17, 2013 9:07 PM AEST
The Federal Court has ruled the Victorian Government's exclusion of a major construction company from building the Bendigo Hospital was unlawful. The Construction, Forestry, Mining and Energy Union (CFMEU) ...
- Fall in Aussie dollar boosts local market ABC - Fri, May 17, 2013 7:45 PM AEST
The local share market benefitted from the sharp slide in the dollar today. The All Ordinaries added a third of a per cent to 5,160 and the ASX 200 matched that gain to 5,181. The dollar has fallen by ...
- US improvement main reason for Aussie dollar dive ABC - Fri, May 17, 2013 5:14 PM AEST
Currency analysts say renewed confidence in the US economic recovery is combining with increasing worries about Australia's economic outlook to push the local currency down against the greenback. The Australian ...
- Wesfarmers hit as Target earnings miss the mark ABC - Fri, May 17, 2013 12:49 PM AEST
Target's full-year earnings could fall by as much as 43 per cent because of weak sales, price discounting and restructuring costs. Wesfarmers is the conglomerate which owns Target, and it says the retailer's ...
- WorleyParsons cuts profit guidance AAP - Fri, May 17, 2013 10:20 AM AEST
Engineering giant WorleyParsons has cut its profit guidance because of delays to major resources projects. The company expects to make a net profit in the range of $320 million and $340 million in the ...
- Miners falling short on Indigenous consultation: Oxfam ABC - Fri, May 17, 2013 10:00 AM AEST
A major aid agency says Australia's resources companies are not being open enough about how they gain the consent of Indigenous land owners at their overseas mining projects. A study by Oxfam Australia ...
- Rio Tinto puts largest 'red' diamond on market AFP - Fri, May 17, 2013 8:04 AM AEST
Rio Tinto said Friday it was putting up for sale the biggest "red" diamond ever produced by its Australian mine amid an "explosion" in demand from Asia for the rare pink-hued stones. ...
- Dell profits plunge on PC woes AFP - Thu, May 16, 2013 9:30 PM AEST
US computer giant Dell said Thursday its quarterly profit plunged 79 percent from a year ago, as a shift away from PCs hammered the company's bottom line. The net profit for the first fiscal quarter slumped ...
- Market closes lower as gold price dives ABC - Thu, May 16, 2013 6:43 PM AEST
The Australian share market closed down as a fall in the gold price weighed on mining stocks. The All Ordinaries index fell more than 0.5 per cent to 5,144 and the ASX 200 was down 26 points to 5,165. ...
- PRECIOUS-Gold hits 1-month low, eyes longest downturn since 2009 Reuters Australia - Thu, May 16, 2013 6:27 PM AEST
* Spot gold down sixth session in a row * Gold has dropped nearly 18 pct this year * Coming Up: U.S. weekly jobless claims at 1230 GMT (Recasts, updates prices) By A. Ananthalakshmi SINGAPORE, May 16 (Reuters) ...
- Design chosen for Packer's billion dollar hotel ABC - Thu, May 16, 2013 5:03 PM AEST
British firm Wilkinson Eyre Architects has won a competition to design James Packer's proposed billion-dollar casino and hotel at Sydney's Barangaroo precinct. Three international firms submitted designs ...
- PRECIOUS-Gold steadies on bargain hunting after 5-day losing streak Reuters Australia - Thu, May 16, 2013 4:52 PM AEST
* Prices supported by Chinese bargain hunting * Gold to hover above $1,385 -technicals * Coming up: U.S. weekly jobless claims at 1230 GMT (Adds quotes, updates prices) By A. Ananthalakshmi SINGAPORE, ...
- PRECIOUS-Gold climbs on weaker dollar, set to snap 5-day losing streak Reuters Australia - Thu, May 16, 2013 2:14 PM AEST
* ETF holdings hit lowest since early 2009 * Gold to hover above $1,385 -technicals * Coming up: U.S. weekly jobless claims at 1230 GMT (Adds quotes, updates prices) By A. Ananthalakshmi SINGAPORE, May ...
- China warns EU to drop telecom probe, solar panel tax AFP - Thu, May 16, 2013 11:34 AM AEST
China warned the European Union against escalating trade disputes Thursday, urging Brussels to drop plans to probe Chinese telecom products and impose hefty taxes on its solar panels. The two sides are ...
- Market ends down on weak metal prices ABC - Wed, May 15, 2013 6:15 PM AEST
The share market has finished down after weaker metal prices weighed on mining stocks. The All Ordinaries lost 0.6 per cent, finishing the day at 5,173 while the ASX 200 matched that fall, losing 29 points ...
- UPDATE 2-Brent slips towards $102 as weak supply outlook weighs Reuters Australia - Wed, May 15, 2013 5:18 PM AEST
* IEA predicts rising U.S. supply * U.S. crude inventories rose by 1.1 mln bbls, above f'cast -API * Brent to drop to $101.35 -technicals * Coming Up: U.S. EIA weekly crude stocks; 1430 GMT (Updates prices) ...
- UPDATE 1-Brent holds above $102 as dollar eases, but supply outlook weighs Reuters Australia - Wed, May 15, 2013 3:42 PM AEST
* IEA predicts rising U.S. supply * U.S. crude inventories rose by 1.1 mln bbls, above f'cast -API * Brent to drop to $101.35 -technicals * Coming Up: U.S. EIA weekly crude stocks; 1430 GMT (Adds comments, ...
- Environmentalist outrage as Rio Tinto gets mine go-ahead AFP - Wed, May 15, 2013 7:30 AM AEST
Australia on Wednesday gave Rio Tinto the go-ahead for a controversial Aus$1.3 billion (US$1.3 billion) bauxite mine project in a decision environmentalists blasted as "vandalism on a grand scale". ...
- BHP to scale back capital spending by a fifth AFP - Wed, May 15, 2013 3:39 AM AEST
Global mining giant BHP Billiton has outlined plans to slash capital spending by almost a fifth, with new chief executive Andrew Mackenzie warning the brakes could be applied even further. The world's ...
- Dollar loses ground after mixed day's trade ABC - Tue, May 14, 2013 6:50 PM AEST
Investors struggled for direction throughout today's trade with no key economic data out and little news from overseas overnight. There was a small rally towards the close of trade and the All Ordinaries ...
- UPDATE 2-Brent steady near $103, US data supports; stockpiles eyed Reuters Australia - Tue, May 14, 2013 5:17 PM AEST
* U.S. retail sales edge up, but gasoline sales weak * U.S. crude stocks seen higher, gasoline likely down -poll * Obama pushes for Syria talks, warns of huge challenges * Coming Up: Euro zone industrial ...
- EADS posts profit leap as Airbus orders soar AFP - Tue, May 14, 2013 4:45 PM AEST
European aerospace giant EADS reported a near doubling of first-quarter net profit on Tuesday, boosted by a strong performance by its main subsidiary Airbus which makes airliners. Quarterly profits soared ...
- UPDATE 1-Brent steady near $103 as US retail sales support, stockpiles drag Reuters Australia - Tue, May 14, 2013 3:48 PM AEST
* U.S. retail sales gain shows strength in economy * U.S. crude stocks seen higher, gasoline likely down -poll * Obama pushes for Syria talks, warns of huge challenges * Coming Up: Euro zone industrial ...
- EADS profit leaps as Airbus orders soar AFP - Tue, May 14, 2013 10:18 AM AEST
European aerospace giant EADS reported a near doubling of first-quarter net profit on Tuesday, boosted by a strong performance by its main subsidiary Airbus which makes airliners. Quarterly profits soared ...
- Bauxite Resources Limited (ASX:BAU) Announcement of Buy-back - Appendix 3C ABN Newswire - Tue, May 14, 2013 9:44 AM AEST
Perth, Australia, May 14, 2013 - (ABN Newswire) - Perth based bauxite explorer and developer, Bauxite Resources Ltd (ASX:BAU) advises that it is implementing an on-market share buyback for up to 10% of ...
- Dollar drops to 11-month low after flat day's trade ABC - Mon, May 13, 2013 6:27 PM AEST
The local share market closed almost flat and the Australian dollar ended the day's session below parity for the first time in 11 months. The All Ordinaries added four points to 5,195 and the ASX 200 matched ...
- Dollar dips below parity amid flat trade ABC - Mon, May 13, 2013 6:09 PM AEST
The Australian dollar has dipped below parity with the greenback amid flat trade on the local share market. Around noon (AEST) the dollar had fallen to 99.84 US cents and by 5pm had recovered slightly ...
- UPDATE 2-Brent slips towards $103 on weak China data, stronger dollar Reuters Australia - Mon, May 13, 2013 5:25 PM AEST
* China April factory output disappoints, clouds outlook * Oil flow on Kirkuk-Ceyhan pipeline resumes-sources * Wall Street ends at a record, posts third week of gains * Coming Up: U.S. retail sales; 1230 ...
- UPDATE 1-Brent slips towards $103 on weak China data, stronger dollar Reuters Australia - Mon, May 13, 2013 5:00 PM AEST
* China April factory output disappoints, clouds outlook * Oil flow on Kirkuk-Ceyhan pipeline resumes-sources * Wall Street ends at a record, posts third week of gains * Coming Up: U.S. retail sales; 1230 ...
- NSW may ban alcohol ads on supermarket receipts ABC - Sun, May 12, 2013 11:44 AM AEST
The New South Wales Government says it is considering banning supermarket giants Woolworths and Coles from promoting alcohol on grocery store receipts. The NSW Office of Liquor, Gaming and Racing says ...
- Dollar, bank stocks lose ground despite rally ABC - Fri, May 10, 2013 7:19 PM AEST
The share market has closed marginally higher as losses among bank stocks offset a broader rally, however the Australian dollar is under selling pressure heading toward parity. The All Ordinaries added ...
- PRECIOUS-Gold eases towards $1,450/oz as dollar, stocks rise Reuters Australia - Fri, May 10, 2013 6:59 PM AEST
* Upbeat U.S. data lifts dollar, stocks; hurts gold * Biggest gold ETF reports first inflow since mid-March * Platinum, palladium traders await news from Amplats (Updates throughout, previous SINGAPORE) ...
- Gas pipeline reserved for big ticket projects ABC - Fri, May 10, 2013 4:57 PM AEST
A mining company building a billion-dollar gas pipeline to the Gove alumina refinery says it will be not be economically viable for remote Arnhem Land communities to tap into the supply. Pacific Aluminium ...
- Howzat! Cricket rights fight heats up ABC - Fri, May 10, 2013 3:28 PM AEST
Ten Network is trying to win the cricket broadcast rights from Channel Nine, which has held them for more than a generation. Nine's association with cricket and the mythology of how Kerry Packer got the ...