BUSINESS

Ford Australia has announced plans to release a series of commemorative models to celebrate the 50th anniversary of the iconic Falcon.

Spiral Foods Pty Ltd., which manufactures Bonsoy soy milk, confirmed on Wednesday that the controversial soy product, which was banned from store shelves last December 24 after it was linked to a series of thyroid problems, will be sold again the market after undergoing reformulation.

An ANZ Banking Group Ltd executive has declared that the worst is pretty much over for the Australian economy as it has survived the downturn almost unscathed, though warning at the same time that the country must stay cautious on the worsening debt crisis in Europe which could restrict local banks’ access to credit facilities.

Workforce service provider Skilled Group announced on Thursday that it expected its overall earnings to be low.

Australian-based Fortescue Metals Group will be subjected to pay millions in compensation to shipping contractor Zodiac Maritime after losing a court trial in the United Kingdom.

The independent directors of Westpac Office Trust (WOT) unanimously agreed to pursue the deal with Mirvac Group.

The Australia and New Zealand Banking Group improved its first-half profit to 36 per cent to almost $2 billion as it became the third biggest bank in the State to benefit from the recovery in Australia and in Asia.

Telstra's BigPond is losing its title as most sought broadband provider after rival Optus raised its download limits without touching its current price range.

Iron ore miner Rio Tinto disclosed today that its new Clermont mine in Central Queensland will have its first export shipping next month.

The Royal Dutch Shell has reported Wednesday that its net income for 2010’s first quarter soared up to 57 percent or $5.99 billion, as the oil company pointed to stable oil prices, production growth and earning good returns on instituted cost cutting

A survey made by consumer credit company Veda Advantage showed that applications for residential mortgage fell in the first quarter after the government's first home owner's grant was reverted to its pre-financial crisis levels.

Shares in Virgin Blue soared more than 4 percent, or 2.5 cents, to 60.5 cents on Wednesday as the company confirmed talks with New Zealand national carrier Air New Zealand for a possible trans-Tasmanian alliance.

A consumer credit survey has revealed Wednesday that home mortgage applications posted in the March quarter declined by 15 percent following the government’s decisions to return first home buyers grant to pre-financial crisis level.

The Australian Industry Group on Wednesday that government should not underestimate the importance of trade missions to further develop the businesses in Queensland.

The Government of Queensland favors Broken Hill Proprietary (BHP) Billiton as the sole developer of the new terminal at Abbot Point to increase support from its booming coal fields.

Qantas Airlines is considering to sell half-stakes of its poorest performing freight enterprises to Australia post.

Economists forecast that banks will face difficulties to apply out-of-cycle interest rate increase on home loans if the Henry tax review by the Federal Government will implement a tax break on savings.

Telstra is yet to decide whether to push for job cuts after the union alleged that the telco will terminate 900 of its workers.

An online survey revealed that majority of Australians who acquired their first homes in the last two years are contented.

The District Court of New South Wales on Tuesday sentenced 32-year-old former corporate executive Oliver Banovec, of Bellevue Hill, Sydney, NSW, after he was found guilty of five counts of fraud and one count of perjury. The court also said that Banovec would not be eligible for parole for a period of four years and nine months during his imprisonment.

Corporate regulator Australian Securities and Investments Commission (ASIC) scored a major victory in its civil penalty case against former Select Vaccines Limited chief executive officer Dr. Martin Soust of Malvern East, Victoria after it was granted a pecuniary penalty and disqualification orders.

The Federal Court on Tuesday gave a green light to Seven Network's $3 billion merger with Kerry Stoke's industrial firm WesTac

A National Bank of Australia (NAB) business survey has showed Tuesday that business conditions and confidence dipped a bit but stayed in a generally positive realm in the first quarter of 2010, as an upbeat mood towards Australia’s promising economic outlook eclipsed the sharp decline seen in trading conditions.

A new property industry study has revealed on Tuesday that Melbourne is fast gaining traction as the country’s economic powerhouse and could eventually dislodge Sydney as Australia’s largest city come 2037.

A union strike at its Geelong refinery could mean a threat to its operations if there is no intervention made by Shell on the cleaners' job security.

Opposition senators have called on the federal government to release the $25 million study on the $43 billion National Broadband Network (NBN), which has been touted by the government as Australia’s largest infrastructure undertaking to date.

The Bank of Queensland is set to acquire the Australian and New Zealand businesses of New York-based Commercial Investment Trust (CIT) Group, well known for its lending services to small and medium-sized businesses.

Credits cards are beginning to lose its touch as Australians now opt cash and debit cards instead.

The federal government has announced today that its water purchase program in the Murray-Darling Basin received a big boost from a new study which showed that the $1.5 billion water buybacks models implemented so far had actually released many irrigators from financial pressures.