Global events dampen US economic growth
Global events during March, including ongoing political turmoil in the Middle East and North Africa, the surge in oil prices, and supply disruptions from the tragedy in Japan, have dampened US economic growth in the first half of 2011, according to the April 2011 Economic Outlook released today by Fannie Mae's (OTC Bulletin Board: FNMA) Economics & Mortgage Market Analysis Group.
5 Tips To Help You Slim Down
With the release of new and exciting meal options from the Jenny Craig at Home menus, it's easy to stay on track with controlled calorie and portion intake this winter without leaving the comfort of your warm home.
Security breach at Sydney Airport delays flights
Significant delays are anticipated at Terminal 2 tonight as a result of a power failure that caused a security breach shortly after 4pm at Sydney airport today.
Woolworths won't concede in price war with supermarket rival Coles
Michael Luscombe, chief executive of the retail Goliath Woolworths (ASX: WOW) declared he will not be the first to blink on milk prices.
Rising petrol prices put electric cars at the forefront
Petrol prices are on the rise again. This month alone, national average petrol prices have hit a 30-month high, and over time they’ll keep rising. As the Easter weekend approaches, Better Place is urging Australian drivers to think about making the switch to electric cars.
Citigroup reports $3B net income for Q1
New York – Citigroup Inc. today reported first quarter 2011 net income of $3 billion, or $0.10 per diluted share. Net income declined $1.4 billion from the first quarter 2010, but more than doubled sequentially.
Melbourne land sales plummet to lowest in decade
Setting pressure on new home buyers, residential land sales in Melbourne plummeted to their lowest while the price of blocks increased by 13 plus percent in 10 years.
New price increase for petrol products
The Australian Institute of Petroleum reported a two-and-a-half-year high in the local price of unleaded petrol with motorists paying an average of $202 a month for full tank.
S&P lifts Rio Tinto credit rating to A-
International credit rating agency Standard & Poor’s has raised its long-term corporate credit rating on Rio Tinto (ASX: RIO) to A- from BBB+. At the same time, it affirmed the A-2 short-term corporate credit rating with a now stable outlook.
Australia's Finance Minister assures budget surplus in 2012-2013
Despite the present fiscal deficit which is anticipated to be worse than the $41.5 billion forecast, Finance Minister Penny Wong assures a budget surplus in 2012 to 2013.
Shallow quake strikes Western Australia
Geoscience Australia reported a 5.3 magnitude quake which occurred 270 kilometers off Exmouth at 2.41 am (WST). The said location is at the north-west coast of Western Australia.
Virgin Blue provides ‘seamless’ entry to Sydney Airport
Virgin Blue (ASX: VBA) today launched its premium kerbside entrance and premium kerbside valet service at The Lounge, Sydney domestic terminal.
Japan sends robots in, confident TEPCO presents strategy to stabilize reactors
While the first radiation measurements taken inside two reactor buildings at Japan's crisis-stricken Fukushima Dai-ichi nuclear plant show a harsh environment, it is not one that will be impossible for humans to work in.
Combat fumes in Libya
Along with disagreeing statements that rebels who are trying to overthrow Muammar Qaddafi were escaping, a battle fumed around the Libyan cities of Misrata and Ajdabiya.
Deadly tornadoes kill 45 people in US [VIDEO]
A prevailing typhoon killed 45 people as it lashed tornadoes across southern, central and eastern parts of the United States for three days now.
NAB pursues Native Title opportunities
National Australia Bank (ASX:NAB) says it is renewing its commitment to sustainable economic and social development for indigenous Australians.
NSW households complain living costs are double the inflation rate
NSW households are battling living costs as daily expenses outpace official inflation figures, the latest quarterly ING DIRECT Financial Wellbeing Index shows.
U.S. pledges support to Japan; Nuke plant fix requires 9 months
U.S. Secretary of State Hillary Clinton urged Japan on Sunday to remain active on the world stage and pledged support for Washington's key ally in East Asia as the operator of a stricken nuclear plant finally set out a timeline to shut it down.
Assad forms new govt as Syrian unrest, violence spreads [VIDEO]
Syria's President Bashar al-Assad formed a new government on Thursday, state news agency SANA said, in a move to appease protesters calling for reforms.
$38b budget cuts pass congress, debate ongoing
The Congress on Thursday approved a $38-billion spending cut package to prevent a government shutdown, but mass defections in both parties highlighted the difficult fights ahead on spending and debt reduction.
Union worries about job losses without a price on carbon
The Australian Manufacturing Workers’ Union (AMWU) says it shares the concerns of the Australian Workers Union about the need for adequate compensation to protect existing jobs, but is equally concerned that there be enough investment to create new jobs in clean technology industries.
Danish royal twins baptized with Australian godparents [VIDEO]
Twin babies of Denmark's Crown Princess Mary were christened at Holmen's Church in Copenhagen with Mary’s Australian family and friends as godparents. More than 300 well-wishers attended the baptism ceremony which was officiated by Bishop Erik Norman Svendsen.
Boral to acquire Wagners’ construction materials assets in Queensland
Boral Ltd (ASX: BLD) is set to strengthen its core Australian business following an agreement to acquire certain construction materials assets and operations of the Wagners Group for $173 million.
Millions of bank customers suffer from yet another NAB computer meltdown
Potentially millions of customers are still waiting for their pay following the latest in a series of glitches at National Australia Bank (ASX: NAB) which have disrupted payment processing.
UPDATE: V Australia passengers hear bang with engine surge
V Australia passengers were stranded in Los Angeles overnight after their original Boeing 777 aircraft encountered engine problems and aborted its take-off.
Australia's Westfield opens first cyber mall with a runway show [VIDEO]
Westfield, the country’s biggest retailing title-holder, has launched the nation’s first online shopping mall on a 50 meter runway set up outside of Sydney’s Customs House. Overall, 100 models graced the launch with Jessica Gomes at the rudder.
Pricing body weighs impact of July electricity price change on customers
Electricity price rises will lead to different dollar changes in electricity bills for households depending on the amount of electricity that the household uses, and the specific price that applies to a customer, according to NSW'S pricing body.
Israeli journalist claims possession of nails used in Jesus' crucifixion [PHOTOS]
Simcha Jacobovic, an Israeli television journalist pronounced possession of a pair of nails which “might have been used” in Jesus Christ’s crucifixion.
Oil supplier BP to expand Adelaide fuel terminal
BP, the largest supplier of fuel to Australia’s mining and industrial sector, says it has plans for a $20 million expansion of its Largs North fuel terminal in Adelaide. This will allow the company to continue to grow its business in South Australia and provide customers with even greater security of supply.
Bank of Qld chief retires after profit slumps 45pct
Bank of Queensland (ASX: BOQ) Chief Executive David Liddy will step down at the end of 2011 and the bank has started a search for his replacement, the Australian regional lender said on Friday.
