BUSINESS

Milk price facts are not in line with claims of Wesfarmers-owned (ASX: WES) Coles, according to dairy farmers in Australia.

The Commonwealth Bank of Australia (CBA) has joined in the fray of the escalating bank war in the country as it announced on Friday that customers switching from the National Bank of Australia (NAB) to them are poised to benefit from cash incentives and discounts.

Fortescue Metals Group Ltd (ASX: FMG) has been cleared on 18 charges brought against the company and its subsidiary company, The Pilbara Infrastructure (TPI) by the WorkSafe WA.

Popular internet auction site eBay said on Friday that as more Australians turn on online shopping, the country’s web-based retailers are experiencing growth while delivering services required by consumers who have little time for traditional purchases.

With its prepaid credit recharge system experiencing a downtime much of the whole day on Thursday, Vodafone was forced to resort on providing free calls and text services to its prepaid customers yesterday.

Sony has brought its unlimited music streaming service in Australia and New Zealand, launching on Friday its Music Unlimited that opens the door for accessing more than six million songs from its wide-ranging catalogue.

The Australian Parliament is implored to veer away from its "populist approach on economic and other business policies especially on taxation that have been discouraging to both local businesses and foreign investors alike.

RBA Assistant Governor Philip Lowe's hawkish remarks enabled the Australian Dollar to maintain the previous day's gains. Mr Lowe said global commodity prices were likely to remain elevated and global inflation 'to be quite persistent'.

Energy and mining projects of Australian companies, including that of the Rio Tinto Group Group and Woodside Petroleum Ltd and Fortescue Mining, are threatened by two cyclones headed north of the country, according to the Bureau of Meteorology.

U.S. stocks meandered into positive territory Thursday as a white hot reading from mid-Atlantic manufacturers outweighed higher than expected jobless claims and a rise in U.S. consumer prices.

FNArena has added another video to its Investors Education section on the website.ATW's Jerry Simmons explains the principle of a "bracket trade". He believes AUD/USD, EUR/USD and crude oil future are at present all examples of a "bracket trade". Total duration for this video is 45.30 mins.SummaryAs often happens in closely correlated markets, the three markets EURUSD, AUDUSD and Crude Oil are all...

US consumer prices rose by a sizeable 0.4pct in January - above consensus. Over the year consumer prices were up 1.6 per cent.

- After ten years of interrupted gains (in USD) it should be no surprise gold is taking a breather in early 2011- Chris Weber wouldn't be surprised if 2011 does not bring any gains for gold, but he makes no prediction- Longer term, the bull trend for gold should remain intact Where Next for Gold? Chris Weber Reveals the Answers… An Investment U Interview with Chris Weber, Founder of The Web...

The Australian Union Movement has thrown its support behind a campaign to improve wages, conditions and workplace rights at Rio Tinto's aluminium operations in Australia.

Customers and communities who have been affected by the recent natural disasters in Queensland, New South Wales and Victoria will get additional measures from the National Australia Bank to rebuild their homes and businesses.

By Greg PeelThe Dow closed up 29 points or 0.2% while the S&P gained 0.3% to 1340 and the Nasdaq added 0.2%.It was only last week I said “what about Libya?” and sure enough another piece of the jigsaw has fallen into place. So now we have (from west to east) Algeria, Tunisia, Libya, Egypt, Jordan, Yemen, Bahrain and Iran. If Egypt is East Germany, then the fall of its Berlin Wall is re...

Is it time to be worried about the market's current phase?Judging by the very bullish February survey of big fund managers from Bank of America Merrill Lynch now might be the time to be thinking a little outside the square.The survey says "Investors are more bullish towards global equities than at any time in the past decade."Just take that in, more bullish than before the crunch.Hmmmm. Is th...

America's Standard and Poor's Index is up 27% in five months and has doubled in the last two years (from a low in early March, 2009 of 666.79).European markets hit 29 month highs this week on a number of occasions, commodity prices like gold, copper and cotton have hit all time highs and many other markets are zooming higher.As we have seen that has made big global and regional funds man...

Vikas Rambal’s Perdaman Chemicals and Fertilisers had finalised rail transport arrangements for the $3.5 billion urea manufacturing plant, after signing a 25 year access agreement with WestNet Rail this week.

A new State Government campaign has enlisted the help of some of Queensland's most famous faces to spread the message that much of Queensland is back in business following recent natural disasters.

The downgrade warning on Australia’s four major banks sent out on Wednesday by Moody’s will leave little effect on their standing, according to analysts, who insisted that concerns over the sluggish recovery of credit demands have overshadowed the banks’ financing issues.

The A380 Rolls-Royce engine incident and fleet grounding had cost Qantas Airways Ltd (ASX: QAN) an estimated $80 million, with $55 million in the first half and $25 million forecast in the second half.

Virgin Blue (ASX: VGA) is raising the fuel surcharge on tickets and baggage charges in an effort to recover rising fuel costs.

Telstra Corporation’s decision on Wednesday to shut down its Moe call centre will render 114 workers out of job, leaving Latrobe Valley executives in doubt whether the soon-to-be separated employees will find replacement works within Telstra, as pledged by the telco yesterday.

Windows-powered Nokia handsets will enter the mobile industry by 2012, according to the Finnish company’s board chair, who added that more partnerships are being worked on by the phone maker besides the already sealed deals with Google and Microsoft.

Pursuant to its aim of delivering wireless services to parts of Australia yet to be reached by fibre-optics network, the National Broadband Network Company (NBN Co) inked a million-dollar deal with satellite television provider Austar.

Along with the emerging trend of traditional publications migrating to the burgeoning iPad platform, Apple has implemented its new system of automatically getting a 30 percent cut on new subscriptions availed through its publication services.

So what's BHP Billiton's outlook on the world economy and commodity markets.The upshot is that the company is more confident than it was a year or six months ago, but cost pressures remain a concern.Here's what it said in yesterday's profit announcement."Industry wide cost pressures are being experienced across a broad range of projects and reflect stronger producer currencies, particularly in Australia, as well as underlying inflation on raw material and labour costs."Inflationary pressure on input costs across all businesses had an unfavourable impact on Underlying EBIT of US$283 million. The effect was most evident in Australia and South Africa.

- Ardent's result provides a big positive surprise- Share price jumps but yield still attractive- Analysts see more upsideBy Greg PeelIt was back in November when Ardent Leisure ((AAD)), operator of theme parks, bowling alleys, marinas, health clubs and family entertainment centres here and in the US, posted its first quarter FY11 update. Stock analysts saw some very positive signs emerging at the...