Business Breaking News
Today
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Toyota employees walk out of factories
MORE than 3000 employees have walked off the job at Toyota plants in Melbourne and Sydney, crippling the car firm's output. Read more
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Process sheep in Australia, Greens say
THE almost 67,000 sheep being reloaded onto a ship at Port Adelaide should be processed in Australia and not exported alive to Kuwait, the Greens say. Read more
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Sydney South West Rail Link a step closer
NSW Government has bought the former Ingleburn army camp site in south-west Sydney, as part of the promised South West Rail Link. Read more
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Excalibur shares jump on new direction
SHARES in Excalibur Mining jumped after the gold exploration minnow unveiled a new direction and capital structure. Read more
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Stocks lower at noon on weak US lead
THE share market was lower, extending losses from morning trade on the back of weak leads from European and US markets. Read more
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Dollar steady at noon ahead of US jobs data
THE dollar was fractionally higher at noon (AEST), as traders await significant US employment figures due on tonight. Read more
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Ansett employees get final payment
ANSETT employees have finally received their final payout, a decade after the airline collapsed. Read more
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US court approves Comcast takeover of NBCU
A FEDERAL court has approved the US government's conditions placed on Comcast's takeover of NBCUniversal. Read more
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Ansett employees get final payment
ANSETT employees have finally received their final payout, a decade after the airline collapsed. Read more
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Tiger to resume Melbourne-Perth flights
TIGER Airways will resume flights to Perth next week, their first since its six-week safety ban was lifted last month. Read more
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Dollar gains ground
THE dollar is slightly higher today, after the US dollar gained ground overnight on better than expected data on the US manufacturing sector. Read more
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US stocks slump ahead of jobs report
US stocks fell today, a day before a closely watched report on the country's labour market will indicate whether prospects are improving for the world's largest economy. Read more
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Wall St flat ahead of manufacturing report
US stocks were flat overnight as markets awaited a key report on US manufacturing, after a dismal report on industrial activity in the eurozone sent European stocks sharply lower. Read more
Yesterday
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Australian shares close slightly higher
THE Australian share market pared back earlier gains to close slightly higher, buoyed by telecom stocks. Read more
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Good economic data pushes dollar higher
THE Australian dollar rose in local trade after the release of some encouraging domestic and Chinese economic figures. Read more
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110 CSR manufacturing workers laid off
BUILDING products maker CSR will lay off 110 manufacturing workers in Victoria and NSW due to the poor performance of its glass business. Read more
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Dollar higher on upbeat retail sales data
THE Australian dollar was higher at noon, buoyed by the release of better-than-expected local retail trade data. Read more
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Australian stocks higher at noon
THE Australian share market was higher at noon, extending early gains as consistent gains in offshore markets renews investors' confidence amid volatile trading conditions. Read more
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Retail sales, capex strength surprise
AUSTRALIA'S economy is performing slightly better than expected, with a small pick-up in retail sales in July and strong growth in business investment plans for capital expenditure. Read more
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Plane biofuel to be made from eucalyptus
AUSTRALIA'S gums could hold the key to an environmentally friendly aviation sector. Read more
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Mecu Ltd becomes nation's 1st mutual bank
MECU Ltd, a mutual financial institution, has become Australia's first mutual bank after winning approval from the prudential regulator and central bank to call itself a bank. Read more
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Injured mine worker awarded $550,000
A MAN who tripped over a chain and injured his arm while working at a mine has been awarded more than $550,000 in damages. Read more
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Dollar rises after retail and capex data
THE Australian dollar has risen above 107 US cents again after the release of positive local retail trade and capital expenditure data. Read more
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Telstra $4.7b richer under NBN plans
TELSTRA will be almost $5 billion better off under its current structural separation plan than if it competes with the national broadband network (NBN), according to independent analysis. Read more
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Retail trade up 0.5 per cent in July
RETAIL spending rose 0.5 per cent in July, according to official figures. Read more
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Aust capex rose 4.9 per cent in June qtr
NEW private capital expenditure rose 4.9 per cent in real terms, seasonally adjusted, in the June quarter, the Australian Bureau of Statistics (ABS) said today. Read more
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Leighton will fight any legal action
CONSTRUCTION giant Leighton Holdings Ltd will vigorously defend claims it did not properly inform the market of its massive turnaround in financial performance. Read more
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Stocks open higher on offshore gains
THE Australian share market opened slightly higher on the back of offshore gains. Read more
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Qantas new strategy good for outlook - S&P
RATINGS agency Standard and Poor's (S&P) has revised its outlook on Qantas Airways Ltd to stable from negative, based on the airline group's new international strategy. Read more
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CSR cuts manufacturing work in Melbourne
BUILDING products maker CSR Ltd says it will close manufacturing lines in Melbourne, with redundancies, and restructure its Viridian glass business to cope with the challenging business environment. Read more
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Qantas, Optus strike frequent flyer deal
OPTUS customers will earn Qantas Frequent Flyer (QFF) points when they spend money on telco services due to a new deal between the two companies. Read more
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Telstra working with ACCC on NBN deal
TELSTRA says it is working with the competition watchdog over concerns about its structural separation plans ahead of the implementation of a national broadband network (NBN). Read more
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Rio Tinto appoints former BHP CFO to board
RIO Tinto Ltd has appointed former BHP Billiton chief financial officer Chris Lynch to its board as a non-executive director. Read more
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Mark Arbib tells ABC: Don't axe lawn bowls
FEDERAL Sports Minister Mark Arbib says the ABC's move to cancel its lawn bowls coverage is a bad decision. Read more
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WikiLeaks releases mystery file
WIKILEAKS has released a mysterious encrypted file after telling its followers on Twitter to stand by for "an important announcement". Read more
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BlueScope workers discussing layoffs
HUNDREDS of Port Kembla steel workers have gathered at a mass meeting in Wollongong to discuss payouts and seek improved redundancy packages. Read more
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Manufacturing activity drops in August
AUSTRALIAN manufacturing activity contracted further in August, with the sector continuing to suffer from strong overseas competition and the high Australian dollar, an industry group says. Read more
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Dollar rally eases before PMI, retail sales
THE Australian dollar was stronger today after global equity markets posted another night of gains on the back of better than expected manufacturing and jobs data from the US. Read more
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US moves to block T-Mobile takeover
The US Justice Department moved yesterday to block US telecom giant AT&T's $39 billion takeover of T-Mobile, saying the mega-merger would harm competition. Read more
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US firms 'spent more on CEO than taxes'
TWENTY-FIVE of the 100 largest US corporations paid their CEOs more last year than they paid in income taxes, according to a report. Read more
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Dollar opens stronger
THE dollar is higher today, after Wall Street gained ground overnight on better than expected US manufacturing data. Read more
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US stocks rise on manufacturing data
US stocks closed higher today, boosted by some better-than-expected data on manufacturing in the country's industrial heartland, although they still ended the month of August with losses. Read more
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US stocks rise on payrolls report
US stocks have climbed in early trading after payrolls firm ADP reported that the United States's private sector created 91,000 jobs in August. Read more
News
Triple murder not guilty plea
THE man charged with April's tragic Hectorville triple murder will seek to be declared mentally incompetent.
Sport
Thomas out, duo in doubt for Oval clash
MATT Thomas has fallen out of Port Adelaide's side to play Melbourne in a historic clash at Adelaide Oval - and two others are in doubt.
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