BUSINESS

It is the second year of profit for the Adelaide Casino. The recently released figures signal continued employment and government earnings.

The AUD has opened stronger this morning gaining overnight with news that China will take over Japan's place as the world's second largest economy.

US NAHB housing market index fell 1pt to 13 in August - marking the third straight month of falls and a 17-month low. A reading below 50 indicates that more builders view conditions as poor rather than good.

U.S. stocks bounced around in jumpy trading Monday, as major manufacturers including 3M lagged but technology companies Cisco and Intel jumped thanks to buzz generated by new deals activity.

Poor growth data released in Japan yesterday was enough for investors to once again eschew riskier assets which saw the Australian Dollar dip towards 0.8860 early in the Asian session.

The Australian currency opened in a better position today, thanks to news its primary trading partner, China, has overtaken Japan as the world's second-largest economy.

Sports utility vehicles (SUVs) is fast-becoming the car of choice for most Australians and according to the latest data furnished by the Australian Bureau of Statistics on Tuesday, the month of July alone saw some new 20,405 units rolling out of dealers’ outlets.

The airline industry enjoyed an increase in the demand for premium airline tickets. A 16.6 percent increase in ticket sales kept first class seats filled in June. The increase also covers sales for business class tickets.

The Australian share market opened flat following mixed leads from offshore trade overnight.

UGL Ltd (ASX:UGL) an Australian diversified services company operating in maintenance, facilities management, engineering and construction, announced today its annual profit increased 1 percent, thanks to higher earnings from its infrastructure and resources units.

Oops, but aren't the US, Chinese and Japanese economies, the world's three biggest, suddenly in synch again, on the dow...

Oops, but aren't the US, Chinese and Japanese economies, the world's three biggest, suddenly in synch again, on the dow...

Oops, but aren't the US, Chinese and Japanese economies, the world's three biggest, suddenly in synch again, on the dow...

Construction giant Leighton Holdings yesterday reported a 39% rise in annual profit and higher dividend, as it attempted...

Steel producer Bluescope Steel returned to the black in the 2010 year, earning a net profit of $126 million.The company...

Bid off, deal done, Sigma Pharmaceuticals survives to live another day.That's the bottom line from yesterday's news tha...

Virgin Blue is abandoning New Zealand after millions of dollars of losses in the three years of flying domestically ac...

Australia and New Zealand Banking Group (ASX:ANZ) said it is reviewing the finances of Korea Exchange Bank, the lender put up for sale by Lone Star funds.

PepsiCo stands to benefit from "significant" investment in functional and healthy products, amid tightening restrictions on the marketing of 'junk foods' to children, the head of health policy at the company said yesterday.Derek Yach, senior vice president of global health policy for PepsiCo, said t...

Facebook, the social networking Web site, has reportedly purchased startup Chai Labs for around $10 million.

The Australian market closes down 21 points

In line with its pursuit of further growth and expansions, telecom company iiNet Ltd (ASX: IIN) announced on Monday that it gained a 2010 full year net profit of 35 percent to $34.55 million, coming from the $25.63 million garnered in the previous corresponding year.

Woodside Petroleum (ASX:WPL) declared it has found more gas offshore Western Australia. The latest gas discovery could put Pluto's fast expansion plans back on track.

Investor confidence in Australian shares has increased by 4.9 per cent in March despite the ongoing federal election campaign and mounting international concerns about a slowdown in global economic growth, according to data released today.

The global economic crisis has spawned a ‘lost generation’ of unemployed youth, which according to the International Labour Organisation (ILO) would be hard up to recover following the two years of worldwide recession.

Global diversified engineering services and project management group Ausenco Ltd (ASX: AAX) announced today it has won the contract for the US$100 million processing plant upgrade of Kingsgate Consolidated Limited's Chatree North Gold Project in Thailand.

Gold and copper producer Newcrest Mining Ltd (ASX:NCM) said second-half profit increased more than threefold to the highest level since 2003 thanks to higher prices and production.

Giant construction firm Theiss announced on Monday that it is all set to commence initial design and construction activities on the eastern section of New South Wales’ $825 million Hunter Expressway Project.

Macquarie Agricultural Funds Management, which is part of investment firm Macquarie Group (ASX:MQG), has launched a new crop fund focusing on grain and oilseed production in Brazil and Australia.