Building approvals hit record highs

Building approvals hit record highs

AAP A massive pipeline of housing construction is expected to help slow soaring home prices in the coming year. A record $57.6 billion of new homes were approved to be built in the past 12 months, which means over 200,000 dwellings are expected to be constructed across Australia this year. In May, dwellings approved for construction bounced back from a fall the previous month to rise 2.4 per cen…

Australian Markets

  • Aussie shares close higher AAP - 15 minutes ago

    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 close on Tuesday AAP - Tue, Jun 30, 2015 4:24 PM AEST

    Mining giant BHP Billiton has been given until 2016 to go ahead with the expansion at the Olympic Dam mine in South Australia.

  • Aust shares close flat AAP - Fri, May 22, 2015 4:17 PM AEST

    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 Thursday AAP - Thu, Apr 30, 2015 12:15 PM AEST
    Stocks to watch at noon on Thursday

    Stocks to watch on the Australian stock exchange at noon on Thursday: IIN - IIN - down 21 cents, or 2.09 per cent, at $9.84 MTU - M2 - up 6.00 cents, or 0.54 per cent, at $11.13 TPM - TPG TELECOM - down ...

  • Stocks to watch at noon on Friday AAP - Fri, Mar 27, 2015 12:08 PM AEDT

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

  • Merck board OKs additional $10 billion stock buyback plan Associated Press - Wed, Mar 25, 2015 8:36 AM AEDT

    Merck & Co. says its board approved the repurchase of up to $10 billion more of its stock. The drugmaker said Tuesday that amount will be added to the $1.7 billion remaining available for repurchase under ...

  • Whiting and McCormick are big market movers Associated Press - Wed, Mar 25, 2015 7:39 AM AEDT

    Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Whiting Petroleum Corp., down $7.48 to $30.91 The oil and gas company priced a ...

  • Ahead of the Bell: Chesapeake Energy shares stage rally Associated Press - Wed, Mar 25, 2015 12:27 AM AEDT

    When your stock price tumbles faster than the cost for a barrel of oil, it's hard for a company like Chesapeake Energy to give investors something to cheer about. But the Oklahoma City oil and gas provider ...

  • European stocks rise in opening deals AFP - Fri, Mar 20, 2015 10:18 AM AEDT
    European stocks rise in opening deals

    Europe's main stock markets advanced at the start of trade on Friday, with London's benchmark FTSE 100 index up 0.27 percent at 6,981.23 points. Elsewhere, Frankfurt's DAX 30 index added 0.36 percent to ...

  • GoDaddy plans to raise as much as $418 million in IPO Associated Press - Fri, Mar 20, 2015 7:48 AM AEDT

    GoDaddy, the Web hosting company known for its racy Super Bowl commercials, said Thursday that it hopes to raise as much as $418 million in an initial public offering. GoDaddy said in June that it was ...

 

Company Finances

  • FDA weighs restrictions on liquid nicotine AAP - 4 hours ago

    US health officials are considering whether to require new warnings and child-resistant packaging on liquid nicotine formulas used with e-cigarettes and other emerging tobacco products. The Food and Drug Administration (FDA) says it is responding to an uptick in nicotine poisonings reported by emergency rooms and poison centres, many involving infants and children. The agency said, in an online posting, it is considering whether "it would be appropriate for the protection of the public health to warn the public about the dangers or nicotine exposure" and "require that some tobacco products be sold in child-resistant packaging".

  • Govt to appoint agriculture umpire AAP - 5 hours ago

    The Abbott government will appoint an umpire to help settle disputes between farmers, processors and supermarkets. Having a commissioner, who will work under the Australian Competition and Consumer Commission, ...

  • Google's self driving cars hit streets AAP - 7 hours ago

    The latest models of Google's self driving cars are now cruising the streets near the internet company's Silicon Valley headquarters as an ambitious project to transform the way people get around shifts into its next phase. This marks the first time that the pod-like, two seat vehicles have been allowed on public roads since Google unveiled the next generation of its self driving fleet more than a year ago. Google announced a month ago that it would begin testing the curious looking cars, but hadn't specified the timing until recently when it disclosed the vehicles are driving up to 25 miles per hour on the roads around its Mountain View, California, office.

  • SPOT GOLF, LLC Announces Exclusive Global License of FlightScope Tracking Technology for SPOT GOLF Driving … GlobeNewswire - 9 hours ago

    TYSONS CORNER, Va. -- Spot Golf, LLC, formed by a team of golf, gaming, entertainment, and hospitality innovators, announces its exclusive global master license and service agreement for FlightScope's ...

  • Treehouse Foods and Sony are big market movers Associated Press - 10 hours ago

    Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Treehouse Foods Inc., up $6.89 to $81.03 The food and beverage company saw its ...

  • South Korea court rules in favour of Samsung subsidiaries merger AFP - 10 hours ago
    South Korea court rules in favour of Samsung subsidiaries merger

    A South Korean court on Wednesday ruled in favour of a proposed merger of two Samsung Group subsidiaries, rejecting a US hedge fund's motion to stop the eight-billion-dollar acquisition. US hedge fund Elliott had asked for a court injunction to stop Cheil Industries acquiring Samsung C&T Corp through an all-stock deal, a move seen as an effort by Samsung's founding Lee family to boost control over the conglomerate ahead of a generational power transfer. "The court rejected the request from Elliott," a court spokesman told AFP.

  • FDA weighs new restrictions on liquid nicotine products Associated Press - 10 hours ago
    FDA weighs new restrictions on liquid nicotine products

    Federal health officials are considering whether to require new warnings and child-resistant packaging on liquid nicotine formulas used with e-cigarettes and other emerging tobacco products. The Food and ...

  • Independent Audit Confirms Record 176,676 Attendees at 2015 CES Business Wire - 13 hours ago

    ARLINGTON, Va.--(BUSINESSWIRE)-- Consumer Electronics Association (CEA):     WHAT: The Consumer Electronics Association (CEA) ® , owner and producer of CES ® , today announced that the independent audit ...

  • Westbrook unveils Jordan Brand shoe, cologne, eyeglass frame Associated Press - 14 hours ago

    Thunder guard Russell Westbrook's imprint on fashion has expanded to include a signature Jordan Brand shoe, a cologne and an eyeglass frame collaboration with a high-end retailer. The NBA All-Star recently ...

  • The Legal Lowdown on Starting a Brewery or Distillery Entrepreneur - 15 hours ago
    The Legal Lowdown on Starting a Brewery or Distillery

    Find out what legal hoops you'll need to jump through in your state before starting a craft alcoholic beverage business.