BUSINESS

As Myers and other major retailers revealed plans to reduce their store numbers to survive the ongoing slump, sellers' group has expressed optimism that a considerable pick up late into the holiday season could offer some relief.

About 4,000 litres of sulphuric acid leaked on Friday from the Foreshore Road Plant of Orica in New South Wales (NSW). It was the sixth industrial accident to hit the chemical manufacturer since its Kooragang Island plant suffered a carcinogenic chemical spill over the Newcastle suburb of Stockton in August.

Refund Home Loans franchisees still plan to bid for the business, but have expressed frustration with administrator SV Partners.

The Australian government announced on Sunday that it would allow by July 2012 the entry to the country of season workers from the Pacific Islands to be employed in fruit and vegetable farm

If you want your car to be innovative within an upmarket-yet- affordable range, then the Kia Rio is the perfect ride to invest on.

A New Zealand air force plane on Monday dropped fuel and pumping equipment beside a Russian fishing vessel stranded in an Antarctic ice shelf and taking on water because of a hole in its hull.

A drilling rig with 67 people fell into the icy Sea of Okhotsk off Russia's far eastern island of Sakhalin on Sunday while it was being towed amid rough waters. The accident killed four people and 50 were lost at sea.

Qantas has ended its industrial dispute with aircraft engineers after both parties agreed to a 3 per cent annual wage increase for the next three years. However, the other demands of the Australian Licenced Aircraft Engineers Association (ALAEA) such as the construction of a new engineering hangar, was rejected.

- Coca-Cola on Friday updated earnings guidance- Guidance broadly disappointed (as predicted by some)- Estimates trimmed across the market- Credit Suisse downgrades to an Underperform ratingBy Chris ShawOn Friday Coca-Cola Amatil ((CCL)) offered a trading update to the market, management indicating ...

Australian miners such as BHP Billiton and Rio Tinto and the country's steel industry are to be affected by the weaker metal demand in China for 2012.

Days after menswear store Fletcher Jones announced the closure of several outlets, the weak retail environment claimed another victim. Giant Myer (ASX: MYR) announced on Monday it would shutter in 2012 weak performing chains.

U.S. stocks ended the week with a whimper Friday as continued jitters surrounding Europe's debt crisis weighed on investor sentiment. T

US consumer prices rose were flat in November after a 0.1pct drop in October. Consumer prices were up 3.4pct in the 12-months to November. Excluding food and energy consumer prices was up just 0.2pct in November.

A top broker believes risk specialists are making the products too complex and difficult for many consumers to understand.

Westpac chief Gail Kelly has joined the chorus of bankers warning borrowers may not be so lucky after the next RBA cut.

Wealth Today CEO Michael Stephens has refuted Mortgage Choice's position on individual brokers holding more than one licence, arguing this only increases their capacity to provide good service.

Another weak week for global markets, especially commodities led by gold, and the euro.

The impact of China's slowing economy on our export performance was clearly shown yesterday, but home loans rose for yet another month.

This week's pounding of the euro by worried investors decamping for the strengthening US dollar (and abandoning gold and other commodities) shouldn't come as much of a surprise as we look into 2012.

According to the market, APA Group's $1.06 billion takeover offer for fellow pipeliner, Hastings Diversified Utilities Fund (HDF), is over before the shouting starts.

As opposed to some earlier reports on business confidence and conditions this year from the National Australia Bank, the November report out yesterday, is pretty conventional.

Some of our most vital export markets are facing a worsening in growth prospects for 2012.

Australians are searching for wide and various things through Google. This could be the best way to describe the 2011 “most googled” list of Australia released by the giant search engine.

An Australian eBay user discovered an online merchant’s database – with her name, phone number, and address – after doing a Google search for her name.

Insurance Australia Group will buy New Zealand's second-largest general insurer AMI for $290 million. However, the purchase excludes all of AMI's liabilities related to the Christchurch earthquake in February 2011.

Ford is ending production of its once vastly popular small half-truck, the Ford Ranger, which it admitted became the unwilling victim of in-house competition.

A firm based in Seattle specializing in caller identification technology has sued Apple Inc. for patent infringement alleging that the latter is illegally using its inventions on iPhones.

More Australians are planning to work past the compulsory retirement age, a report released by the Australian Bureau of Statistics said.

About 75 per cent or 6.2 million households in Australia have broadband access, data released by the Australian Bureau of Statistics on Thursday said.