BUSINESS

The Australian market posted a solid gain finishing o.5% higher with cyclical/growth stock leading the way

The Australian share market closed stronger thanks to higher mining stocks.

Maggie Beer Products is voluntarily conducting a consumer level recall to remove from shelves and homes all of its 500mL Chicken Stock in the 29248 batch.

The Hon Tanya Plibersek, Federal Minister for Housing, today announced the building of 200 national affordable houses in Ballarat to be provided by Ethan Affordable Housing.

The value of farmed salmonid production climbed by 7 per cent to $323 million in 2008-09, based on the latest ABARE-BRS Australian fisheries statistics 2009 report.

Budget carrier Jetstar Airways announced on Thursday that it is embarking on management restructuring in light of its accelerated expansion plans for both domestic and international service routes.

Australian gold company Cleveland Mining Limited plans to list on the Australian Stock Exchange, according to a company statement released today.

Mark McInnes has returned to the country to defend allegations against him in a $37 million sexual harassment case, raising questions about what contractual obligations the former chief executive of David Jones (ASX: DJS) has to the Australian retailer its own defense in the case.

Australia’s coal producers are facing stiff competition from Mongolia and Canadian mining magnate Robert Friedland is predicting that the country could eventually lose a sizeable share of its global market from Mongolia’s lower tax measures for its resource industry.

The Finance Sector Union today renewed calls for banking regulation as ING Direct's latest quarterly Financial Wellbeing Index showed that Australian households are under rising pressure to get personal debt under control.

Profit takers were active today as the local market opened strongly on the back of positive leads from the US overnight.

Global media group News Corporation (ASX: NWS) revealed on Thursday that it has regained profitability in financial year 2009/10 with its net profit of $US2.54 billion or $A2.77 billion after bleeding huge losses on the year before as the company attributed growths on its business segments, stronger advertising markets and strings of blockbuster films for the impressive recovery.

Hutchison Telecommunications delivered a surprise result, suggesting the company is winning market share from its competitors.

Renewed strength in the gold price has been partly attributed to Beijing's easing of internal gold trading restrictions.

The Alliance of Australian Retailers today called on the government to abandon its policy to require plain packaging for tobacco.

Sensear, a Perth-based developer and manufacturer of high noise communication headsets, today announced the completion of a A$7.1 million private funding round backed by existing shareholders. The capital infusion will be used to fortify global sales growth and enhance Sensear's technology and product range.

New data published by IPA recruitment agency on Thursday showed that national job vacancies improved by 13.9 percent in the month of July, the first upswing movement in Australia’s employment rate since March of this year.

The AUD has pushed higher again overnight as investor risk appetite continues to grow.

Premier David Bartlett formally unveiled on Wednesday the $32 million Saffire Resort, Tasmania’s first boutique luxurious resort which boasts of 20 premium suites that command a panoramic view of the Coles Bay area.

The US ISM services index rose from 53.8 to 54.3 in July - above expectations for a result near 53.0.

U.S. stocks rose Wednesday as better than expected signs for the employment environment calmed investors' jitters ahead of the government's Friday payrolls report.

The Australian goods and services balance printed a trade surplus of 3.54 billion in June annihilating expectations of 1.81 billion.

Demand for Australian office space has recovered after the global financial crisis, with research from the Property Council of Australia showing figures over the last six months at double the 20 year average.

The Gold Coast's office vacancy rate has continued to climb and is the highest in Australia, according to a mid-year Office Market Report released today by the Property Council of Australia.

Tuesday night saw weak economic data and earnings, and last night saw the opposite. Reverse everything, Dow up 44.

Export income surging, the service sector cooling, house prices still growing but more slowly, and car sales still posit...

Services: Another report yesterday confirmed the sluggishness in the service sector (as we have seen from retailing).The...

Brisbane's CBD office vacancy rate has slumped from a 15 year high of 11.3 per cent in January to 10.9 per cent in July this year, according to the Property Council of Australia's mid-year Office Market Report released today.

Brisbane's Fringe office vacancy rate recorded its highest level since January 2003, rising from 11.4 percent in January to 12.2 percent in July this year, according to the Property Council of Australia's mid-year Office Market Report released today.