RVG investors considering 3 options
Investors of Australia's second-biggest retirement village operator are considering three options to save their investment.
Bogus Australian wine in China
The wine with Australian labels found in store shelves in China could either be the real Flinders Run or one brewed in Asian countries.
Virgin Blue 2010 earnings in line with forecast
Australian air fleet Virgin Blue (ASX: VBA) posted a net profit before tax worth $34.3 million.
Google To Offer Internet Phone Service
Google, the Internet company, is taking aim at internet telephone companies like Skype by introducing a new capability in its free web-based email service that allows users to make calls.
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Ramp up production and higher prices deliver profit spikes for Fortescue
Western Australia mining firm Fortescue Metals Group Ltd (ASX: FMG) reported on Thursday that its full year net profit for fiscal 2010 reached $US581 million or $A657, registering a 14 percent spike from the $508 million the company previously posted in the 2009 financial year.
Local market snaps out of four-day losing streak
The local market snapped out of its four-day losing streak and had a slight rebound this morning. It followed Wall Street's positive close overnight as the US market rebounded from an oversold position from previous sessions.
Progress in Uni SA employment negotiations
Casual workers at the University of South Australia could still find working a pleasure once negotiations move in their favor.
Woolworths on the roll, boasts of $700 million buy-back, pays higher dividends
Retail giant Woolworths Ltd (ASX: WOW) reported on Thursday that it has surged past its market growth forecast of $1.99 billion and posted a statutory net profit of $2.02 billion in fiscal 2010 despite its overall revenue advancing only by measly 4.2 percent in the same period.
Producers sensitive to new milk price system
Supply must equal demand before milk prices can be raised.
Virgin Blue unveils within guidance results, moves ahead with further alliances and routes modifications
Virgin Blue Holdings Ltd (ASX: VBA) said on Thursday that it has regained profit status in fiscal 2010 as it announced further growth strategies by forging more global partnerships and upgrading its domestic fleet with fresh Airbus aircrafts.
Kimberly protects aborigines
The Kimberley Land Council disclosed the breakdown of negotiations over the proposed $30 billion gas hub at James Price Point.
Forest peace treaty under negotiations
A harmonious relationship between loggers and conservationists could be formed if a draft Tasmanian forests peace plan is accepted.
Air NZ blames less passenger traffic for lower earnings in 2010
Citing lower passenger traffic amidst the pressure-laden economy, Air New Zealand announced on Thursday that its full year earnings before tax for fiscal 2010 fell by six percent to $NZ137 million or $A108.98 million.
Queensland minister angry about Cougar report
Queensland Sustainability Minister Kate Jones is not satisfied with Cougar Energy Limited's (CXY) report about the contaminated bores near its Kingaroy project site.
World Market Overview
Home building companies including Toll Brothers, D.R. Horton and PulteGroup led U.S. stocks modestly higher Wednesday as the market looked past disappointing economic data in the hopes that the housing market has finally bottomed.
Australian Stock Market Report
US new home sales fell by 12.4pct to a 276,000 annual rate in July. Economists had tipped a decline to 330,000. Home prices were down 4.8pct on a year ago while new home supply equated to 9.1 months of current sales.
Business finds relief in older workers
Queensland employers are confident in having older workers in their work force. The tendency was reflected in the results of a Monash University survey of 600 Queensland employers.
7 more planes for Qantas
Seven aircrafts will be added to the domestic fleet of Qantas Airways Limited (QAN). The new airplanes will give 66,000 seats per week into the local market in 2011.
Eleven is new entertainment channel
The Ten network's new digital multichannel, Eleven, will target the 16 to 39 age group. The launch date for the general entertainment channel has yet to be announced in one of the two linked briefings for investors, analysts and media this morning.
5% APA shareholders return until 2011
Natural gas infrastructure owner APA Group expect clean earnings in the financial year ahead since natural gas use around the nation is expected to grow.
Australian shares fallen to their lowest level in over a month
Australian shares have fallen to their lowest level in over a month as investors sold out of equities in response to renewed economic concerns in the US.
Wattyl says takeover by Valspar gets nod from ACCC
Paint manufacturer Wattyl Ltd (ASX: WYL) disclosed on Wednesday that it has received an assurance from the Australian Competition and Consumer Commission (ACCC) that it would intervene on the company’s merger plans with US firm The Valspar Corporation.
Outsourcing boosted Pacific Brands profits
Clothing and footwear manufacturer Pacific Brands (PBG) made a net profit of $52.7 million for the 12 months to the end of June. The earnings lifted up the company from its loss of $235 million a year ago.
Customers prefer the nearest EFTPOS
The preference now for the free processing with an EFTPOS machine is taken as a sign of changing customer tastes. John Simon, chief manager of the Reserve Bank Australia's (RBA) payment policy department said, “These are good things. People are making rational decisions.”
Presscott sees strong growth in 2011
The financial year 2009-2010 looks “pretty good” in the eyes of the stockbrokers and financial adviser group, Presscott Securities.
Weak offshore lead pulls local market down
The Australian stock market is trading lower again today on the back of the overall weakness from offshore markets.
June construction activities reach record levels as more houses were built for the past three months
The Australian Bureau of Statistics (ABS) revealed on Wednesday that overall construction work completed in the second quarter of 2010 soared to a record high $41.7 billion as residential building activities surged during the past three months leading to end of June.
Private childcare centres may raise fees
Childcare costs for working parents may eat up more than 10 percent of their family's net income if reforms take place.
Transfield captures work projects in North America
Road management firm Transfield Services Ltd (ASX: TSE) said on Wednesday that it has sealed a preferred contractor status for a $US172 million or $A195.21 million contract with Canada’s Ontario Ministry of Transportation.
Seven sets off for 2011
Seven Group Holdings (SVW)) appears all set for growth for the financial year ahead because of its annual net profit of $718 million.
US regulators file charges of insider trading over BHP’s bid on Potash
US federal regulators announced on Tuesday that two Spanish investors were charged with insider trading as they tried to capitalise on BHP Billiton Ltd’s recent bid to takeover Canadian firm Potash Corp of Saskatchewan.
Investors need buffer against retail bank rates
Property investors should consider the possibility that retail banks may raise rates independently.
Survey says too many Aussies laid off
Large and small scale businesses in Australia now have an undermanned and overworked staff.
Australian Stock Market Report
US existing home sales fell by a record 27.2pct in July to a 15-year low of 3.83 million following the end of a home-buyer tax credit. Forecasts had centred on a result near 4.70m.
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