BUSINESS

IG Markets Morning Prices

The US market retreated modestly during Friday's session as the much anticipated non-farm payrolls came in weaker than expected. It showed total job losses of 125,000, roughly 10,000 worse than what the market had been expecting.

Shares to open weaker

The Australian share market is expected to open lower today after weak employment growth in the US cause fears about the strength of the world's largest economy.

Investors troubled about Australian debt

For all the commotion raised regarding foreign investment in the housing sector, an overlooked feature is the foreign demand for mortgage and bank debts of Australia necessary to keep housing loans afloat and moving and prices rising.
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Secrets to Hospitality Success Unveiled

Female, baby boomer with a supply of working capital and a coffee machine - that's the profile of a hospitality success story, according to a new industry index.The inaugural Hospitality Industry Success Index (HISI), developed by national equipment financier Silver Chef, was unveiled in Brisbane la...

Motorola forms spin-off unit, gets new names

Motorola Inc. has announced it would break up into two distinct units with one making networks and telecommunications equipment and the other making handsets and home entertainment products.

Junior miners haggle with Ferguson

Talks over the Gillard government's watered down mine tax announced on Friday carry on as junior iron ore companies propose further concessions in a meeting with Resources Minister Martin Ferguson in Perth today.

NBN Co chooses Melbourne as site for NOC

NBN Co, the broadband company, has chosen Melbourne as the site for its Network Operations Centre (NOC) and Test Facility to monitor and manage the National Broadband Network (NBN)

When cars fly

Terrafugia, a company based in Woburn, Massachusetts, announced plans to release a car-plane hybrid.

Aggrieved Storm clients set to file class action on CBA

Storm Financial investors who saw their savings wiped out as the Townsville-based financial services group collapsed in 2008 are set to file a class suit against the Commonwealth Bank of Australia (CBA) in the Federal Court this Friday.

Harvey Norman takes over Clive Peeters stores

Household goods retailer Harvey Norman will acquire most of the branches of its falling competitor Clive Peeters for $55 million. Clive Peeters receiver and manager Phil Carter announced this morning that details are still being finalised, with the number and location of the stores to be disclosed next week.

Smaller miners demand more tax consultation

Following the news of a revamped mining tax, a lobby for smaller mining companies argued that the federal government's decision was shaped out with the big three miners at the expense of others.

Big miners find revised tax encouraging

Global miners were encouraged by Gillard's announcement of a revamped resource super-profits tax, which has previously infuriated the industry in its original state.

World Market Summary

U.S. stocks fell Thursday, with Bank of America, General Electric and Intel among the decliners, as disappointing data on the U.S. housing and job markets sparked concerns over the pace of the economic recovery.

Retailing/Building Numbers Weak

Mixed messages from May's retail sales and building approvals.Building approvals fell 6.6% in May compared with a flat r...

The US Outlook

Dave Rosenberg is one of North America's better known economists. He works for the wealth management firm. Gluskin Sheff...

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