Retail giant Myer Holdings Ltd admitted of a slight sales slip in the first quarter of fiscal 2011 but it reported that the company’s net profit is projected to rise by up to 10 percent for the rest of 2010/11.
Giant telecommunication firm Telstra Corporation called the attention of its shareholders on Thursday, warning them of two unsolicited share offers pushed forward by National Capital Corporation Pty Ltd, which was previously punished in 2008 by corporate regulators.
Mining stocks are helping to lift the Australian share market, which is trading flat at lunchtime in the East following a negative start in the wake of a weak lead from Wall Street.
Continuing its expansion in Tasmania, grocery giant Woolworths Ltd (ASX: WOW) on Friday said it now has a new distribution centre in the state.
Fairfax Media intends to cash it on its popular news websites The Age and The Sydney Morning Herald to further propel revenues in the near term.
Australia's mining giant BHP Billiton is seen targeting oil and gas producer Woodside Petroleum Ltd. to make up for its failed bid for Canada's Potash Corp., a report by Morgan Stanley said.
Tomago Aluminium, a joint venture between global companies Rio Tinto Alcan, Gove Aluminium Finance Ltd (CSR and AMP) and Hydro Aluminium, has signed an 11-year base-load power supply contract with Macquarie Generation, securing the company's power supply until 2028.
Food and dairy company Goodman Fielder (ASX:GFF) formally scrapped plans to sell its $240 million edible fats and oils business to food group Cargill after the Australian competition regulator continued to oppose the deal.
Amidst media reports that its A380 fleet would be out of action for the whole duration of the summer holidays, Qantas Airways refused to shed light on the swirling speculations, claiming that the airline never released any such timeframe.
U.S. stocks declined Thursday, led by the technology sector, after a dismal outlook from Cisco Systems prompted a broad market selloff.
The group of G20 nations may agree on steps to introduce quantitative targets for macroeconomic policy targets according to Russian Finance Minster Alexei Kurdin. Targets are expected to help transition to more flexible global exchange rates.
Australian stocks made a recovery today as robust Chinese economic data spurred investor sentiment around the region.
XStrata Plc was able to secure a controlling stake equivalent to 51.12 percent in Sphere Minerals, while remaining rival China-backed Sin-Tang continues to tighten its grip in its shares in the company top up its holding.
Queensland’s ongoing state asset sales is expected to fetch some $15 billion to be added on the state government coffers though authorities maintained that the total haul would not be known until the float of QR National has been fully accomplished.
Electronic Arts (EA) and Lucasfilm Ltd had forged an updated global publishing agreement for "Star Wars: The Old Republic."
Krispy Kreme Australia will close down 21 stores across the country (15 stores in NSW, five in Victoria and one in Queensland) as part of restructuring efforts to meet financial obligations.
Australian mining firms Brockman Resources Ltd. and Ferraus Ltd. have been offered A$929 million by Hong Kong firm Wah Nam International Holdings Ltd. to increase its shareholdings in the company.
Qantas today confirmed an updated schedule for its international network to ensure minimum disruption to passengers following the grounding of its Airbus A380 fleet.
Australian stocks are showing signs of a rebound today, with energy players leading the way after the price of crude oil hit a fresh two year high in New York overnight.
Cutting exit fees is only half the battle in the banking competition, according to a national accounting firm.
Employers in Australia employers hired new workers in October. This would be the eighth month that more companies hired additional people to boost their work force.
Australia's mining boom and the related high Aussie dollar is playing havoc with the country's manufacturing industry, a union says.
Google's 10% salary increase and $1000 cash bonus may be part of "competitive compensation plans" seen by the company as vital for its future.
The Australian Competition & Consumer Commission will carefully scrutinise the proposed takeover of ASX Ltd. by Singapore Exchange Ltd.
Two of Australia's major banks, Westpac Banking Corporation and the National Australia Bank (NAB) are seen following its two competitors in implementing higher interest rates after government authorities tighten up on exit fees.
Australia's banks will need to review all their mortgage exit fees on existing and new mortgages following the release of the Australian Securities and Investments Commission's (ASIC) guidance, the Australian Bankers' Association (ABA) said.
U.S. stocks erased their morning losses Wednesday, moving tepidly into positive territory in afternoon trading, though global concerns continued to weigh on sentiment ahead of a meeting of world leaders.
New claims for unemployment insurance in the US fell by 24,000 to 435,000 in the latest week - below expectations of 450,000. The four-week average of claims is at 26-month lows.
Australian stocks were sold off heavily in afternoon trade, as news out of China pulled down many markets around the region.
Bega Cheese has bought a $22 million or equivalent to 15 percent stake in the Victorian dairy company Warrnambool Cheese and Butter (WCB).
