BUSINESS

A former employee of retailer Modestie Boutique has been awarded $9,992 after Fair Work Australia judged her dismissal by text as "harsh, unjust and unreasonable".

Jamelle Agbuis Jun 01, 2011

Australia’s manufacturing industry continued to contract for the third straight month in May with only three of the 12 sub-sectors experiencing growth according to the latest Australian Industry Group - PwC Australian Performance of Manufacturing Index.

Sharon Olalia Jun 01, 2011

Fortescue Metals Group (ASX: FMG) founder Andrew Forrest will retire as Chief Executive Officer effective 18 July 2011, the eighth anniversary of the company's establishment.

Sharon Olalia Jun 01, 2011

Andrew Forrest will retire as Chief Executive of Fortescue Metals Group Ltd's and take over as its chairman, to get a relief from the everyday operations of the iron ore mining company.

Roberto Suarez Jun 01, 2011

Farm numbers have dropped from 1545 in 1999-2000 to about 580 today, most producing milk for the drinking market.

Jamelle Agbuis Jun 01, 2011

- Rail update shows both opportunities and challenges for UGL- Earnings guidance reiterated, brokers make only minor changes to forecasts- Broker opinions on UGL remain divided between Buy and HoldBy Chris ShawEngineering and infrastructure group UGL ((UGL)) held an investor day at its Newcastle Rai...

Admin System Jun 01, 2011

The latest edition of the Enforcement Reporter published by the Hong Kong Securities and Futures Commission (HK-SFC) reports that the latter has recently reached two other agreements on Lehman Brothers (LB)-related products, involving repurchase offers totaling approximately $1.489 billion. To date, the SFC has reached agreements with 25 distributors and non-distributors of such products.

Preciosa Dumlao Jun 01, 2011

Falling luxury home values are dragging down the Australian property market while affordable properties continue to hold their value, according new data released today.

Jamelle Agbuis Jun 01, 2011

Mortgage defaults may be up and new home sales down, but the Australian property market is unlikely to crash and burn.

Jamelle Agbuis Jun 01, 2011

The combination of ongoing seller discounting, healthy rental income growth and longer term capital gains means that investors could benefit from the current market conditions.

Jamelle Agbuis Jun 01, 2011

The California Public Employees' Retirement System (CalPERS) has strongly endorsed a new guide by the Investor Steering Committee of the Alternative Investment Management Association (AIMA), the global hedge fund association, to promote better alignment of interests between institutional investors and hedge fund managers.

Preciosa Dumlao Jun 01, 2011

A decline in housing affordability and increased difficulties saving a deposit has shifted the average age of first home buyers upwards.

Jamelle Agbuis Jun 01, 2011

A report by the ABC's Four Corners has sparked renewed outrage over the export of live Australian cattle to parts of the world without animal welfare protections.

Jamelle Agbuis Jun 01, 2011

- Charter Hall Office now likely to sell all US assets- Sale price expected to be above book value- Proceeds to be returned to shareholders- Broker opinions on value remain splitBy Chris ShawFor some time Charter Hall Office REIT ((CQO)) has been intending to dispose of some of its US assets but the...

Admin System Jun 01, 2011

By Greg PeelThe Dow closed up 128 points or 1.0% while the S&P gained 1.1% to 1345 and the Nasdaq added 1.

Admin System Jun 01, 2011

Well, the old saw about selling in May and going away turned out to be pretty accurate after the big sell off in silver on May 7 triggered the market volatility of the past three and a bit weeks.

Jamelle Agbuis Jun 01, 2011

Vendor discounting and healthier rental growth should prove enticing to property investors, Mortgage Choice has claimed.

Jamelle Agbuis Jun 01, 2011

With the Memorial Day weekend which heralds the arrival of summer now a mere memory, market players will refocus their attention on the U.S. economy.

Jamelle Agbuis Jun 01, 2011

Adelaide Bank has announced its clawback structure to mortgage managers, but has not yet decided on clawbacks in the broker space.

Jamelle Agbuis Jun 01, 2011

Connective has promised service will be at the core of its white label offering, to be launched early in the new financial year in partnership with National Mortgage Company.

Jamelle Agbuis Jun 01, 2011

U.S. stocks finished the day's session and May on a buoyant note, shrugging off a spate of weak economic data as investors cheered a new bailout plan for Greece.

Jamelle Agbuis Jun 01, 2011

US consumer confidence fell from 66.0 to 60.8 in May, well short of forecasts centred on 66.5.

Jamelle Agbuis Jun 01, 2011

The Apple-Samsung legal battle has escalated last Friday when Samsung filed a motion for Apple to provide Samsung a sample of the next generation iPhone and iPad. Samsung claims that seeing the new Apple products will help Samsung evaluate any possible similarities to the Droid Charge and Galaxy Tab 10.1.

ranina sanglap May 31, 2011

Many Australians are targeting more property deals now that the market is subdued, according to Mortgage Choice.

Sharon Olalia May 31, 2011

Westpac (ASX: WBC), one of Australia’s largest banks, has received final approval to open a branch in Beijing from the China Banking Regulatory Commission.

Sharon Olalia May 31, 2011

Australia envisions becoming a world-leading digital economy by the end of the decade by fully realising the benefits of the National Broadband Network (NBN).

Christine Gaylican May 31, 2011

Australia’s peak body for the building and construction industry says it could not support the introduction of a carbon tax from 1 July 2012 unless the government properly addresses the cost impact and uncertainty in relation to the increased cost to housing and to the building industry.

Sharon Olalia May 31, 2011

One out of four Australians will likely retire without homes given the present attitude toward superannuation, according to Retail Employees Superannuation Trust (REST).

Sharon Olalia May 31, 2011

Samsung Electronics Co., Ltd., the world leader in advanced memory technology, today announced that it is the first in the industry to start mass producing 32 gigabyte (GB) memory modules, essential for cloud computing and advanced server systems, using 30 nanometer (nm) class* four gigabit (Gb) DDR3 DRAM chips.

Preciosa Dumlao May 31, 2011