Daily Telegraph Business
- + Greece euro exit threatens all Europe: Greek left leader—GREEK poll front-runner Alexis Tsipras says forcing his country out of the eurozone would sink the region as a whole.
- + St Hilliers to reopen four more sites—EMBATTLED builder St Hilliers Construction Pty will reopen four more work sites on Monday. [Link to media]
- + Facebook closes flat in market debut—FACEBOOK shares have stumbled, managing a gain of less than one per cent in the first day of trade, dampening optimism over the much-anticipated debut...
- + US shares skid as Facebook IPO stumbles—US stocks have slumped as Facebook's highly anticipated record market debut disappointed, adding to bearish sentiment about Europe's financial woes.
- + Merkel stirs row over Greece referendum—GERMANY'S chancellor has reportedly waded into Greece's choppy political waters by suggesting the country hold a referendum on the euro at next month'...
- + Greece tops G8 agenda as EU crisis snares Spain—DEBT-stricken Greece topped the world agenda overnight as leaders headed for talks with US President Barack Obama.
- + Dollar falls as European worries worsen—THE dollar has plunged to its lowest level in almost six months as concern deepens about the euro zone debt crisis. [Link to media]
- + $35bn wiped off in sharemarket shocker—MARKET falls 2.6pc to close at its lowest level for six months as the latest developments in troubled euro zone scare investors. [Link to media]
- + Final two Bridgecorp directors sentenced—FORMER Bridgecorp financial controller Robert Roest will join the finance company's former boss Rod Petricevic behind bars but their former colleague ...
- + Gillard talks up Australian economy—PRIME Minister Julia Gillard says people can have confidence in the Australian economy, as other countries fight high levels of unemployment. [Link ...
- + Gillard talks up Australian economy—PRIME Minister Julia Gillard says people can have confidence in the Australian economy, as other countries fight high levels of unemployment.
- + Shares plummet to lowest level this year—AUSTRALIAN shares continue to tumble after investors panick over the debt crisis in Europe. [Link to media]
- + Spanish bank woes send dollar sliding—THE Australian dollar has fallen to its lowest level in almost six months on fears of a worsening European debt crisis. [Link to media]
- + Retravision in talks over financial woes—RETRAVISION store owners in Victoria, Tasmania and southern NSW are holding emergency meetings to discuss financial problems facing the electrical goo...
- + Alleged 'boiler room' mastermind charged—THE alleged American mastermind of a network of "boiler rooms" that raised $US35 million ($35.51 million) by preying on investors in Austral...
- + Shares plummet to lowest level this year—AUSSIE shares fall more than 2 per cent after reports of a run on Spanish banks. [Link to media]
- + Market slides to a new 2012 low—AUSTRALIAN shares have opened more than 1.5 per cent lower following more big falls on Wall Street. [Link to media]
- + Big banks may have to raise $572b—THE world's biggest banks together may have to raise $US566 billion ($A572 billion) to meet new requirements for holding cushions against risk. [Li...
- + Moody's downgrades 16 Spanish banks—MOODY'S has cut the debt ratings of 16 Spanish banks by one to three notches. [Link to media]
- + Dollar down on eurozone fears—THE Australian dollar has fallen back below 99 US cents amid reports of widespread bank withdrawals in Spain and Greece. [Link to media]
- + Market set to open lower—THE Australian market looks set to open lower following big falls on US markets overnight and continued political uncertainty in Europe. [Link to m...
- + Buffett buys up 63 US newspapers—BILLIONAIRE Warren Buffett's company is making another foray into US newspapers, agreeing to buy 63 newspapers from Media General Inc for $US142 milli...
- + Spanish bank hit by report of withdrawals—CONFIDENCE in Spain's banking sector has been shaken after a newspaper reported that depositors were rushing to withdraw their money from Bankia, a ba...
- + UK urges action to resolve euro crisis—BRITISH PM urges Europe to sort out its currency crisis, calling on the eurozone "to make-up or it is looking at a potential break-up". [Lin...
- + US stocks flat as Greece, Spain weigh—US stocks are essentially flat in opening trade as negative news continues from Europe, with Greece's woes deepening. [Link to media]
- + Buffett makes big bet on small newspapers—BILLIONAIRE Warren Buffett's holding company has unveiled plans to pour millions of dollars into a chain of small newspapers. [Link to media]
- + Spain in recession amid European drama—SPAIN has tumbled into recession as Greece installs a crisis government to tackle its crippling debt. [Link to media]
- + Carr hopeful China will accept Huawei ban—FOREIGN Minister Bob Carr is hopeful China will eventually accept Australia's decision to ban Huawei from bidding for work on NBN. [Link to media]
- + Aussie stocks close slightly lower—THE Australian share market closed slightly lower as Asian markets rallied and concerns about Greece's future eased temporarily. [Link to media]
- + Dollar rises after Fed hints about stimulus—THE Australian dollar has moved higher in a quiet trading session, but remains below parity with its US counterpart. [Link to media]
- + Star report 'has no impact' on Packer bid—A REPORT clearing Sydney casino The Star of any wrongdoing over its investigation of sex harassment claims is unlikely to stop James Packer's push to ...
- + Mining skill shortage continues—THE building of mines and related infrastructure will continue to underpin the non-home construction sector for the next two years, a survey says.
- + CBA prepared for a Greek default—GREECE'S exit from the euro zone would not have the same impact on the world as the events that led to the global financial crisis (GFC), the head of ...
- + Mining skill shortage continues—THE building of mines and related infrastructure will continue to underpin the non-home construction sector for the next two years, a survey says.
- + Casino boss: 'The soap opera is over'—THE head of the New South Wales independent casino authority has declared the "soap opera" surrounding the sacking of former Star casino bos...
- + ABC Learning director took large deposit—AN ABC Learning Centres director arranged for the childcare chain to pay him a deposit dramatically above the standard amount when it purchased three ...
- + Shares led lower by European leads—THE Australian market had lost value by noon, following weak overnight leads from the US and Europe. [Link to media]
- + Big tobacco is 'targeting teenagers'—THE Federal Government says big tobacco is deliberately targeting vulnerable teenagers by selling cheap cigarettes.
- + Aussies struggle to pay off credit—MORE than 2.7 million Australian consumers are finding it hard to meet their credit commitments. [Link to media]
- + Dollar higher in quiet trade—THE Australian dollar has moved higher in a quiet trading session, but remains below parity with its US counterpart. [Link to media]
- + BHP Billiton backs away from joint venture—BHP Billiton is turning its back on a silver, lead and zinc joint venture project in north Queensland amid doubts over its potential.
- + McDonald's to almost double Chinese workforce—MCDONALD'S is set to almost double its Chinese workforce and open another 250 restaurants in the coming year in a push against rivals.
- + Shares open higher—AUSTRALIAN shares have opened marginally higher after the CBA posted a profit of $1.7 billion for the three months to March. [Link to media]
- + Debt negotiator is Greek finance minister—A TOP negotiator in Greece's huge debt writedown deal has been appointed the country's caretaker finance minister.
- + Facebook to kick off IPO hacker-style—FACEBOOK will go public "hacker-style" with an all-night software bending bash to ring in the market's opening bell on Friday.
- + NATO protesters march ahead of summit—PROTESTERS chanting "Fight! Fight! Fight! Housing is a human right!" marched in Chicago on today ahead of the weekend NATO summit.
- + CBA on track for $7bn profit—THE Commonwealth Bank posted a profit of $1.7 billion for the three months to March, but says higher funding costs reduced margins. [Link to media]
- + CBA posts $1.7 billion quarterly profit—THE Commonwealth Bank posted a profit of $1.7 billion for the three months to March, but says higher funding costs reduced margins.
- + Greece worries sink US markets—US stocks gave up early gains on positive US economic data to sink lower Wednesday as worries over Greece's future in the euro zone hit investor sen...
- + JP Morgan hit with lawsuit over loss—A CLASS-ACTION lawsuit has been filed against JP Morgan Chase after the bank lost more than $2 billion in derivatives trading. [Link to media]
- + Market set to open lower—THE Australian market looks set to open lower following falls on US markets overnight and continued political uncertainty in Europe. [Link to media...
- + Dollar higher despite Greek woes—THE Australian dollar has moved back above 99 US cents despite a continuing slump in global stock markets, driven by fears Greece will exit the euro...
- + Suits filed against JP Morgan over $2bn loss—TWO shareholder suits were filed against JP Morgan Chase over more than $2bn in trading losses reported by the bank last week. [Link to media]
- + Fresh housing, industry data boost US stocks—US stocks buoyed by fresh positive data on the American economy and news that troubled Greece set a June 17 date for new elections. [Link to media]
- + Facebook boosts IPO size—FACEBOOK said in a filing today that it will increase the size of its IPO to 421.2 million shares, according to Dow Jones.
- + Airservices CEO resigns—AIRSERVICES Australia has confirmed CEO Greg Russell has resigned and is "well advanced" in selecting a replacement.
- + Woolies executive defrauded $3.75m - crown—EX-Woolworths top boss worked with two others to "cheat and defraud" the firm before laundering money abroad, jury told. [Link to media...
- + Dollar down US1c as Greek poll looms—DOLLAR extends its fall below below parity with the US dollar as renewed worries about Greece weighs on the currency. [Link to media]
- + Media needs more job security - union—THE media union says a push for greater job security for casual workers is especially important in the creative industries. [Link to media]
- + Industry low with collapse of construction company—A LEADING building supplies maker says Australia's housing industry is in its worst state in more than a decade.
- + Japan to pay $US4.4bn for WA gas field—JAPAN'S government and several major firms are to buy a 10.0 per cent stake in an Australian natural gas field.
- + Dollar down as Greece heads to election—THE Australian dollar has traded in a narrow range after falling sharply overnight on news Greece will face fresh elections. [Link to media]
- + World Bank agrees $2b loan for Indonesia—THE World Bank will give Indonesia with a $2 billion loan, a backstop against a potential debt crisis in one of Asia's fastest growing economies. ...
- + Bad timing: Major advertiser defriends Facebook—CAR giant kills a $10 million Facebook campaign with other companies set to follow. [Link to media]
- + Consumer confidence up slightly in May—CONSUMER confidence has posted a modest rise after the central bank provided a large cut to the cash rate on May 1.
- + Market opens lower on Wall St falls—THE Australian share market has opened lower today after overnight falls on Wall Street and more uncertainty over Greece's political future. [Link to...
- + Casual workers need annual leave - ACTU—AN ACTU report recommends casual workers be given annual leave and bosses be banned from keeping workers in unstable work long-term.
- + Facebook loses major advertiser—AS it prepares for its highly anticipated IPO, Facebook dealt with the loss of General Motors as an advertiser. [Link to media]
- + Leaders push to keep eurozone together—FRANCOIS Hollande and German Chancellor Angela Merkel stress their desire to keep the eurozone together in key talks [Link to media]
- + JP Morgan boss dodges job bullet—UNDER-FIRE JPMorgan Chase chief executive Jamie Dimon narrowly defeated a shareholder move to significantly curb his powers. [Link to media]
- + JP Morgan boss dodges job bullet—UNDER-FIRE JPMorgan Chase chief executive Jamie Dimon narrowly defeated a shareholder move to significantly curb his powers. [Link to media]
- + US shares sink as euro crisis deepens—US stocks have sunk as speculation about Greece's potential exit from the eurozone continues. [Link to media]
- + US shares sink as euro crisis deepens—US stocks have sunk as speculation about Greece's potential exit from the eurozone continues. [Link to media]
- + Market set to open lower—THE Australian market looks set to open lower following falls on US markets overnight and political turmoil in Greece. [Link to media]
- + Dollar down as Greek talks fail—THE Australian dollar is three quarters of a US cent lower after talks between Greece's political parties failed. [Link to media]
- + Carbon tax compo flows for families—HOUSEHOLD compensation to cushion the impact of the carbon price will start flowing to Australian families today. [Link to media]
- + US stocks tick higher amid eurozone gloom—US stocks have opened slightly higher after fresh US data showed inflation well under control. [Link to media]
- + Greek president invites five parties to talk—GREECE'S president is meeting five political party leaders in an effort to form a new government after inconclusive elections. [Link to media]
- + Australia could be a capital 'safe haven'—EUROPE'S economic turmoil could turn Australia into a safe haven for global capital, former Treasury secretary Ken Henry says.
- + Germany helps eurozone avoid recession—FIGURES show the economy of the 17 countries that use the euro confounded expectations and avoided falling back into recession. [Link to media]
- + Dollar gets a boost from German growth data—THE Australian dollar rose back above parity with the US dollar after it got a boost in late afternoon trade on official data showing Germany avoided ...
- + Local share market closes weaker—AUSTRALIAN stocks fell to a weaker close, dragged down by heavy losses among the resource stocks. [Link to media]
- + No special strategy for home brands - Coles—RETAILING giant Coles says it isn't trying to increase sales on its cheaper home brand products over branded competitors.
- + Retail gloom hits Kresta earnings—BLINDS and curtains maker Kresta expects property sales to bring it back to profitability this financial year.
- + Cheques set to become a niche product—IN days past, it was common to hear: "Will you take a cheque?'' In future, you may be more likely to hear: "What's a cheque?''
- + NSW rail cuts may prompt action - unions—UNIONS may take industrial action over the NSW government's overhaul of RailCorp, saying it is a disgrace that workers learned of 750 looming job cuts...
- + Lower dollar helping exporters—A DROP in the Australian currency below parity with the US dollar and a recent cut in domestic interest rates will help manufacturers, the Australia...
- + Greek crisis keeps dollar below parity—THE Australian dollar has traded in a tight range after concerns about Greece's political crisis saw it fall below parity with the US dollar. [Link...
- + ACTU confirms Oliver as new secretary—NEWLY-elected ACTU secretary Dave Oliver says he won't tolerate bad governance within the union movement.
- + Greece's woes weigh on Australian shares—AUSTRALIAN shares were almost one per cent lower at noon, with the resources sector posting the largest losses. [Link to media]
- + RBA sets scene for lower rates—THE minutes of the latest monetary policy meeting did not explicitly flag the possibility of another round of interest rate cuts but still left the ...
- + JP Morgan exec first casualty of bad trade—THE executive responsible for trading strategy at JP Morgan Chase, one of the highest-ranking women in Wall Street, has become the first casualty of...
- + Pac Brands says no takeover, for now—SHARES in clothing and footwear maker Pacific Brands have plunged after the company said there was no prospect of a takeover any time soon. [Link t...
- + Pac Brands says no takeover, for now—SHARES in clothing and footwear maker Pacific Brands have plunged after the company said there was no prospect of a takeover any time soon. [Link t...
- + Westpac cuts fixed mortgage rates—WESTPAC has cut its interest rates on its short term fixed rate home loans by up to 20 basis points. [Link to media]
- + Shares open lower—THE Australian share market has opened lower following overnight falls on Wall Street. [Link to media]
- + Greek exit from eurozone looms large—WITH Greece perilously close to calling new elections, the prospect of a Greek exit from the eurozone looms large. [Link to media]
- + Greek exit from eurozone looms large—WITH Greece perilously close to calling new elections, the prospect of a Greek exit from the eurozone looms large. [Link to media]
- + Tax reform still on the cards: Swan—TREASURER Wayne Swan will reassure business the Federal Government is still on the case to reform the tax system.
- + Dollar below parity as Greek fears mount—THE Australian dollar has fallen back below parity with its US counterpart as fears mount that Greece will exit the euro zone.
- + Greek uncertainty leaves US stocks in red—US stocks have closed firmly in the red as Greece's political stalemate drove new fears about the strength of the eurozone. [Link to media]
- + Greek uncertainty leaves US stocks in red—US stocks have closed firmly in the red as Greece's political stalemate and Spain's banking problems drove new fears about the strength of the eurozon...
- + Positive discrimination is dead say bosses—MORE than two-thirds of Australia's CEO's say they have no plans to ensure women are included in senior management.
- + New Corp buys stake in Chinese film group—CHINESE film distributor Bona Film Group says it has agreed to sell News Corp a 19.9 per cent equity stake in the company.
- + Alitalia reports losses at start of 'very tough' 2012—ITALIAN airline Alitalia unveils first-quarter losses of $168 million due to higher fuel prices and a stronger dollar.
- + Greek president proposes technocrat government—GREEK president proposes forming a technocrat government and calls for talks involving all Greek parties, barring the extreme right.
- + NSW to cut 750 RailCorp jobs—THOUSANDS of RailCorp jobs are expected to be cut as the NSW government begins an overhaul of Sydney's rail network.
- + Tax reform still on the cards - Wayne Swan—TREASURER says the government is still on the case to reform the tax system, despite ditching corporate tax rate cut in the budget.
- + Australian consumers in crisis mode—MORE than half of all Australians feel they have been personally affected the global downturn, despite the nation's strong economy.
- + Budget gives Labor a three-point boost—WAYNE Swan's budget, which delivered generous handouts to lower-income households, has given the Gillard government a timely boost in the polls.
- + Deal allows stewardesses to work into 50s—SINGAPORE Airlines stewardesses will now be able to fly well into their 50s after the airline agreed to add up to three years to their careers, the co...
- + Victorian prison project in trouble—UNIONS have called on the Victorian government to intervene in the Ararat prison development after builders were unable to pay contractors.
- + Dollar falls below parity, hits five-month low—THE dollar fell below parity with the US dollar for the first time in almost five months, as political uncertainty in Greece and signs of an economic ...
- + Local shares close slightly higher—AUSTRALIAN shares have closed slightly higher, driven by gains in the telecommunications and financial sectors. [Link to media]
- + Blast outside Greek tax office—A MAKESHIFT bomb has exploded outside a tax office in Athens, as the debt-mired country struggles to form an emergency government.
- + Abbott vows to tackle union 'militancy'—OPPOSITION Leader Tony Abbott says the coalition's workplace reforms would tackle flexibility and growing union "militancy".
- + Mother's Day helps Adele make history—ADELE'S album 21 makes history, topping the ARIA charts on two consecutive Mother's Days after it jumped back to top place this week.
- + Shares higher at noon—AUSTRALIAN shares were slightly higher at noon as the local market bounced back despite falls on Wall Street and European stocks. [Link to media]
- + Loan figures confirm housing in doldrums—THE outlook for the housing industry remains gloomy after data showing the value of lending to the sector is still heading lower.
- + Falling dollar won't hit dirt cheap prices - yet—UPDATE: Dollar drops below parity but TVs and overseas holidays are likely to stay dirt cheap - for a while at least. [Link to media]
- + Falling dollar won't hit dirt cheap prices yet—UPDATE: Dollar drops below parity but TVs and overseas holidays are likely to stay dirt cheap - for a while at least. [Link to media]
- + Dollar slips below parity - Greece to blame—DOLLAR drops below parity with greenback for first time in five months as investors get nervous over chaos in Greece. [Link to media]
- + Union demands for pay rise threat to jobs—UNION demands for a $26 a week rise in award wages is a threat to jobs and will target vulnerable employers, says Australia's peak business lobby grou...
- + Shares open firmer—THE Australian share market has opened slightly higher despite continued economic concerns across the euro zone. [Link to media]
- + Pope's advice for hard economic times—POPE Benedict XVI is promoting the church's prescription for coping with the economic crisis. [Link to media]
- + Bank chief admits credibility at stake—JP MORGAN Chase CEO admits that a $US2 billion ($A1.99 billion) loss on derivatives trades has jeopardised the bank's credibility. [Link to media]
- + Yahoo! CEO departs amid resume error—YAHOO! says it is appointing Ross Levinsohn as interim CEO and Fred Amoroso as chairman of its board, effective immediately. [Link to media]
- + Greek crisis deepens with no deal reached—GREEK political party leaders have emerged from emergency cabinet talks with no breakthrough in sight, raising the prospect of new elections that coul...
- + Shares tipped to open firmer—AUSTRALIAN stocks are expected to open firmer as market players take their cues from Chinese government moves to ease banking requirements. [Link to ...
- + Yahoo CEO Thompson to step down—YAHOO'S embattled CEO Scott Thompson is set to step down from his job at the Silicon Valley internet giant.
- + Enough gas for two centuries - Ferguson—AUSTRALIA has identified gas reserves that could keep up the rate of current production for nearly two centuries. [Link to media]
- + More casinos to save tourism - Packer—AUSTRALIA'S flagging tourism industry can be saved by attracting the Chinese middle class to large casinos, Crown chairman says. [Link to media]
- + Greek parties hold crisis talks with president—GREEK leaders in a final bid to form an emergency coalition and avert new elections that could derail reforms. [Link to media]
- + Underpaid restaurant staff in crackdown—UNDERPAID workers in the entertainment industry will be the focus of a crackdown in three states over the next four months. [Link to media]
- + Merkel braces for loss in major German state—ANGELA Merkel's party faces a drubbing in Germany's most populous state in a snap election that could boost her main rivals.
- + Aldi hits back at Dick Smith accusations—DISCOUNT supermarket Aldi says it can't be blamed for the purchasing practices of its two major rivals.
- + Europe fears drag dollar close to parity—FEARS of a new financial crisis in the wake of Greece's elections have dragged the Australian dollar perilously close to parity with its US counterpar...
- + Local shares close lower—THE Australian share market has closed lower, after some bad news about the largest bank in the US, JPMorgan Chase, spooked investors. [Link to media]
- + ANZ cuts home, business rates—ANZ has trimmed its standard variable home loan and business lending rates by 37 basis points.
- + High Court to hear bank fee challenge—THE High Court will hear a class action by customers of the ANZ Bank alleging it charged excessive fees for overdrafts, overdrawn accounts, dishonour ...
- + Wages case to go to High Court—A KEY NSW union has won the right to take the NSW Government to the High Court over laws that cap the pay of public sector workers.
- + Police permanently at WA's Browse gas hub—A PERMANENT police presence is about to be established at Woodside Petroleum's Browse gas hub site near Broome to deal with an expected ramping up of ...
- + Dollar down on Euro worries—THE Australian dollar has fallen on continued concerns around the euro zone. [Link to media]
- + Stocks lower at noon after sluggish week—SHARES have fallen at noon after a sluggish week of trading on the local market. [Link to media]
- + Shares open higher—AUSTRALIAN stocks have opened flat as market players wait for key economic data from China. [Link to media]
- + Court dismisses appeal against 1.5hr shift—SCHOOL students can still be employed for shifts of one and a half hours on school days, after an appeal of the rule was dismissed by the Federal Cour...
- + Axed $40bn contract won't affect mine - Palmer—MINING magnate Clive Palmer says the termination of a $40 billion contract won't affect the viability of his China First coal mine in central Queensla...
- + Mining firm won't drill in Sydney suburb—MINING company Dart Energy has abandoned plans to drill a coal seam gas (CSG) well in Sydney's inner west.
- + ACCC sets sights on carbon tax rip-offs—AUSTRALIA'S competition watchdog says it has already come across businesses using the imminent introduction of the carbon tax to gouge consumers.
- + Guard of honour as QLD mine closes—MINERS will form a guard of honour for their work mates when they clock off the final shift at a central Queensland coal mine.
Last new 19/5/12 6:57pm.
