Financial News from ABC

The first uranium mine in Western Australia is a step closer after the Environmental Protection Authority gave the project the go-ahead.South Australian miner Toro Energy is seeking to develop the mine ...

The Australian share market was pushed higher today as bargain hunters entered the market after last week's heavy sell-off.Despite lingering worries about Europe, the All Ordinaries Index finished 0.6 ...

Building products maker James Hardie has returned to profit for the full year due to a win in a long-running tax dispute and increased revenue from its operations in the United States and Europe.The company ...

Former ABC Learning director Martin Kemp advocated the purchase of more childcare centres despite a report telling the board to halt further investment because of the company's precarious financial position, ...

Qantas has confirmed it will slash 500 jobs and says more cuts are likely as it consolidates its heavy maintenance operations.The airline will close its Tullamarine facility in Melbourne, with all heavy ...

Protesters opposed to the proposed gas hub in WA's Kimberley have avoided a confrontation with more than 100 police who escorted a convoy, north of Broome.This morning 25 four wheel drives loaded with ...

Workers at the Adelaide-based Phoenix Cleaning company are owed about $1.5 million in unpaid wages and other entitlements.The company employed about 300 workers in South Australia before going into liquidation ...

The first uranium mine in Western Australia is a step closer after the Environmental Protection Authority gave the project the go-ahead.South Australian miner Toro Energy is seeking to develop the mine ...

Qantas will slash 500 jobs as it consolidates its heavy maintenance work into two bases.The airline will shift heavy maintenance work from its Tullamarine facility in Melbourne to bases in Brisbane, Queensland, ...

Protesters opposed to the proposed gas hub in WA's Kimberley have avoided a confrontation with more than 100 police who escorted a convoy, north of Broome.This morning 25 four wheel drives loaded with ...

The independent MP for Frome, Geoff Brock, says Port Pirie residents should be reassured about the future of the local lead and zinc smelter, which employs about 700 people.The smelter is facing a costly ...

BHP-Billiton Mitsubishi Alliance (BMA) says more strike action at its mines in Queensland's Bowen Basin will not change its mind on enterprise bargaining negotiations.Eighty per cent of coal mine workers ...

A former ABC Learning executive has told Brisbane's District Court there was an angry reaction when former director Martin Kemp tried to spruik the purchase of more childcare centres prior to the company's ...

The State Government says environmental officers are continuing to monitor water quality near a Tablelands mine site, west of Cairns in far north Queensland.Kagara Limited was issued with an environmental ...

Farming conglomerate Elders says a rebound in its live export business and farm supplies income helped it return to profit in the half year.Elders made $40.5 million in the six months to the end of March, ...

Work will resume today at an abattoir on southern Queensland's Darling Downs nearly five weeks after an industrial dispute shut down the operation.Staff at the Oakey Abattoir went on strike and were subsequently ...

Queensland's State Development Minister Jeff Seeney says growing numbers of public sector employees want to work on a fly-in, fly-out (FIFO) basis.Mr Seeney says the State Government is not against FIFO ...

The Queensland Resources Council (QRC) is encouraging more women to take up a trade in the mining industry.The QRC says women only make up 3 per cent of 'tradies' employed in the sector.QRC spokeswoman ...

A business sales measure shows Queensland defying a national trend by recording 10 consecutive months of growth in spending.The Commonwealth Bank's latest Business Sales Indicator (BSI) is the bank's key ...

New technology that allows approaching trains to send signals to cars at level crossings will be trialled in Melbourne over the next month.The technology operates wirelessly to send messages to cars approaching ...

Building products maker James Hardie has returned to profit for the full year due to a win in a long-running tax dispute and increased revenue from its operations in the United States and Europe.The company ...

The Shire of Augusta-Margaret River says it may enlist the help of the State Government in its bid to thwart coal mining in the area.Under the Mining Act, the Minister for Mines and Petroleum, Norman Moore, ...

The Federal Government is under renewed pressure from within its own ranks to demand all Australian cattle sent to Indonesia are stunned first before they are slaughtered.The Agriculture Department has ...

The Construction Forestry Mining and Energy Union (CFMEU) says workers at BHP Billiton's coking coal mines in Queensland's Bowen Basin will strike again from next Thursday.The union this evening served ...

The Australian share market has hit a six-month low, wiping $32 billion off the All Ordinaries Index, as investors headed for the exits amid fears about the ongoing instability in the eurozone.Investors ...

Police are working to remove two women from a vehicle which is blocking the entrance to Western Australia's proposed Kimberley gas hub.The local Broome women, aged in their sixties, are protesting against ...

Tasmania's main business lobby plans to overhaul its board as it deals with serious financial problems.Earlier this month, the Tasmanian Chamber of Commerce and Industry (TCCI) revealed its losses would ...

Prime Minister Julia Gillard has turned the first sod at the Inpex liquefied natural gas plant site at Blaydin Point on Darwin Harbour.Japanese company Inpex and its French partner Total plan to pipe gas ...

Tasmania's Premier has faced criticism of her second state budget which forecasts a rough few years ahead.Lara Giddings, who is also Treasurer, is selling her budget at meetings at functions around the ...

The local share market is on track for its lowest close since November, as worries about the stability of Greece and Spain spark a sell off.The Australian dollar, meanwhile, has also touched a five-month ...

A report has found people who live in the city fare better in terms of health, education, employment and wealth than their rural counterparts.Roy Morgan researchers also found in their nationwide survey ...

Tasmania's Forest Industries Association (FIAT) has stressed that its return to peace talks does not mean its given in to anti-logging activists.FIAT pulled out of talks earlier this year, accusing some ...

Tasmanian power company Aurora Energy is reporting thefts from some of its power poles in south, creating a safety risk for homes and businesses.Aurora is urging households to check their safety devices ...