Building activity shrinks despite rate cut

Building activity shrinks despite rate cut

AAP Construction activity continued to fall in February as an interest rate cut failed to encourage new orders. Australia's building sector shrank for the fourth month in a row even through the Reserve Bank cut the cash rate to a new record low of 2.25 per cent. Building activity levels fell two points to 43.9, which is well below the 50 level separating growth from decline as new orders tumbled…

Australian Markets

  • Aust shares close flat AAP - 2 hours 8 minutes ago

    Australian shares have finished flat as all eyes turn to a meeting of central bankers in Jackson Hole, Wyoming.

  • Stocks to watch at noon on Friday AAP - 6 hours ago

    Stocks to watch on the Australian stock exchange at noon on Friday.

  • Can Etsy keep its folksy brand and make shareholders money? Associated Press - 8 hours ago
    Can Etsy keep its folksy brand and make shareholders money?

    If craft seller Etsy goes public later this year it will be a test of how well the company can balance an explicit social mission with shareholder expectations for making money. Founded in 2005, Brooklyn-based ...

  • Will they rise? Rate worries weigh on dividend stocks Associated Press - 10 hours ago

    Dividend investing used to be so easy, not to mention lucrative. But it may be set to get a lot different. Stocks that pay the biggest dividends took a nosedive last month. Power and gas utilities -- once ...

  • Alibaba may slip back to IPO price: Analyst CNBC - 10 hours ago
    Alibaba may slip back to IPO price: Analyst

    The Chinese e-commerce giant has seen "tremendous volatility," but still holds promise long term, KKM Financial's Jeff Kilburg said.

  • INVESTOR ALERT: Wites & Kapetan Announces Investigation of Volaris GlobeNewswire - 15 hours ago

    PRINCETON, N.J. -- The Law Offices of Wites & Kapetan, P.A. (www.wklawyers.com) has been investigating Controladora Vuela Compania de Aviacion, S.A.B. de C.V. ("Volaris" or the "Company") ...

  • Summit Therapeutics PLC (Nasdaq: SMMT) to Ring The Nasdaq Stock Market Closing Bell GlobeNewswire - 17 hours ago

    Summit Therapeutics PLC, the drug discovery and development company advancing therapies for Duchenne Muscular Dystrophy and C. difficile infection, will visit the Nasdaq MarketSite in Times Square in celebration ...

  • Aussie shares close higher AAP - Thu, Mar 5, 2015 4:17 PM AEDT

    The Australian share market closed higher on Thursday, with positive manufacturing data out of the US overnight and China during the day promoting positive investor sentiment.

  • Stocks to watch at noon on Thursday AAP - Thu, Mar 5, 2015 12:20 PM AEDT
    Stocks to watch at noon on Thursday

    Stocks to watch on the Australian stock exchange at noon on Thursday: FMG - FORTESCUE METALS GROUP - up 3.00 cents, or 1.31 per cent, at $2.32 Iron ore miner Fortescue is shoring up its balance sheet by ...

  • Online retailer Etsy files for IPO valued at up to $100M Associated Press - Thu, Mar 5, 2015 11:11 AM AEDT

    Etsy, the online retailer used by hobbyists and people who make their living selling their crafts, is going public. The Brooklyn-based company filed paperwork Wednesday for an initial public offering of ...

 

Company Finances

  • More want local beef, but fewer want tough job of cutting it Associated Press - 1 hour 9 minutes ago
    More want local beef, but fewer want tough job of cutting it

    Kent Weise loves his work, but after 38 years slaughtering cattle, lugging carcasses that can weigh more than 1,000 pounds and slowly, methodically slicing cuts of meat, he understands why few people want ...

  • Habanos hopes for 25-30% US market share AAP - 4 hours ago

    Cuban corporation Habanos SA aspires to achieve a 25-30 per cent share of the US cigar market in the first few years after the trade embargo on the island is lifted, a move that will enable Cuban cigars to be exported to the United States freely and legally, company officials say. "Some will think that it's a rather conservative figure, but that would make us into the market leaders," said Habanos SA vice president for marketing Jorge Luis Fernandez Maique at a press conference at the inauguration of the 17th International Cigar Festival in the Cuban capital recently. He said that achieving a 25-30 per cent market share in the US would mean annual sales of between 70-90 million Habanos cigars.

  • Serious strain of bird flu found in Minnesota turkey flock Associated Press - 6 hours ago

    A strain of bird flu that's deadly to poultry has been found in a Minnesota commercial turkey flock but the risk to humans is low, state and federal officials announced Thursday. It's the same highly pathogenic ...

  • Final Glance: Food companies Associated Press - 8 hours ago

    Shares of some top food companies were mixed at the close of trading: ConAgra Foods Inc. rose $.34 or 1.0 percent, to $34.86. General Mills Inc. rose $.07 or .1 percent, to $53.28. Hormel Foods Corp. fell ...

  • Final Glance: Tools and Appliances companies Associated Press - 8 hours ago

    Shares of some top tools and appliances companies were mixed at the close of trading: General Electric Co. rose $.16 or .6 percent, to $25.82. Snap-On fell $.11 or .1 percent, to $147.34. Stanley Works ...

  • Final Glance: Restaurant companies Associated Press - 8 hours ago

    Shares of some top restaurant companies were mixed at the close of trading: Brinker International Inc. rose $.56 or 1.0 percent, to $58.68. Chipotle Mexican Grill Inc. rose $6.33 or 1.0 percent, to $670.49. ...

  • Final Glance: Consumer companies Associated Press - 8 hours ago

    Shares of some top consumer companies were up at the close of trading: Clorox rose $.23 or .2 percent, to $110.16. Colgate-Palmolive Co. rose $.78 or 1.1 percent, to $71.46. Kimberly-Clark Corp. rose $.09 ...

  • Final Glance: Beverages companies Associated Press - 8 hours ago

    Shares of some top beverages companies were mixed at the close of trading: Anheuser-Busch Inbev ADR rose $1.37 or 1.1 percent, to $127.69. Coca-Cola Co. fell $.10 or .2 percent, to $42.40. Dr Pepper Snapple ...

  • Final Glance: Autos companies Associated Press - 8 hours ago

    Shares of some top autos companies were mixed at the close of trading: Ford Motor Co. rose $.08 or .5 percent, to $16.11. General Motors Co. rose $.04 or .1 percent, to $37.61. Honda Motor Co. rose $.16 ...

  • FDA study finds little evidence of antibiotics in milk Associated Press - 8 hours ago
    FDA study finds little evidence of antibiotics in milk

    In an encouraging development for consumers worried about antibiotics in their milk, a new Food and Drug Administration study showed little evidence of drug contamination after surveying almost 2,000 dairy ...