BUSINESS

Grains handler and marketer GrainCorp Ltd posted a $53 million half year profit from $32 million last year and will pay an interim dividend of $0.15 per share.

The Supreme Court of Queensland has ordered the Bank of Queensland to reveal documents pertaining to its lending practices in two branches while seeking legal action on the collapsed Storm Financial.

Different groups have mixed reactions when it was declared that the federal Government may possibly give a compromise on its proposed new resources profits tax.

The Prime Minister of East Timor lambasted an Australian consortium, claiming that the group is trying to steal the country's natural resources from a gas field that is currently developing in the Timor Sea.

A market analyst sent warning signals over the lack of clarity of the Federal Government's proposed resources rent tax, which is bringing uncertainty in the share market.

Virgin Blue Holdings Ltd. reported a 0.5 per cent increase in its domestic passenger numbers and 18.7 per cent in its international passenger numbers for the month of April.

The ANZ is currently investigating a social networking site scandal involving debt collections staff who are tracking down people with outstanding personal loans and credit cards.

An economics professor commented on Thursday that plans for three new satellite cities in Queensland's south east will pose a major problem for people to move to regional areas.

BHP Billiton's Olympic Dam copper and uranium mine in South Australia will return to full operation by the end of June.

More than thirty per cent of Rio Tinto investors have ruled over the increased pay to executives during its annual general meeting in Austraila.

Telstra Corporation Ltd said it should be fined a sum of about $4 million, instead of the $40 million penalty sought by the Australian Competition and Consumer Commission (ACCC) for alleged breaches of the company's competitive obligations under federal law.

Google says that ad skipping would not be permitted on its new TV platform Google TV.

Domestic carrier Regional Express Holdings Ltd (Rex) has announced on Wednesday that company net profit for 2009/10 would only either match or might even fall a little below than the net profit of $23 million it reported on 2008/09.

Otix Global, Inc., announced that its Australian division, HearingLife, has begun offering franchising opportunities to audiologists and audiometrists throughout Australia. HearingLife made the announcement at the annual Audiological Society of Australia (ASA) conference in Darling Harbour, Sydney.

State Street Global Markets, the investment research and trading arm of State Street Corporation, said that global investor confidence fell 11.2 points in May to 88.2 from April's revised reading of 99.4.

Twenty economists were ridiculed by the Federal Opposition for expressing their support through an open letter on the federal government's proposed resource super profits tax.

Majority of cab drivers in Canberra Australian Capital Territory (CAT) expressed their disapproval over the suggestions made that an extra taxi license be issued across the region.

A four billion dollar development project of the Oakajee port in Western Australia is currently subjected for review by the state's Treasury.

The Australian Federal Police failed to act quickly on the alleged corruption inside the Reserve Bank's currency subsidiary.

Minerals tester Ammtec Ltd announced today its Board has decided to reject the proposed $123 million takeover offer by Campbell Brothers.

A recent study shows that small to mid-sized businesses do not favor banks that want to build their lending books when the mortgage market slows down.

A consortium of coal mining firms has offered to buy Queensland's coal track network for $4.85 billion.

Foster's Group Limited intends to pursue a demerger of its beer and wine divisions to create separately listed businesses.

The Queensland Government declared on Wednesday its plans to build three brand new cities in the state's southeast from the ground up to answer to the problems of population growth.

Communications Minister Stephen Conroy has accused internet leader Google for an alleged privacy breach in the Western World after it collected personal information from online users as its cars took snapshots of the Australian streets.

Paint manufacturer Wattyl Ltd announced today that it has received an indicative, nonbinding and confidential takeover proposal of $1.30 per share from an overseas company.

Passengers aboard an Australian airline's new super jumbo have received a royalty treatment in Los Angeles on Tuesday (LA time).

The proposed 40 per cent resources super profits tax (RSPT) gained the support of a group of prominent Australian economists in the midst of mining giants' campaign against it.

Travel agency specialist Flight Centre Ltd has announced Tuesday that it is upgrading its earnings guidance from a low of $180 million to a maximum of $200 million for fiscal 2010 as it cited that encouraging overseas trade conditions are poised to deliver record profit to the company by the end of the year.