$A recovers after $US rally

The Australian dollar has recovered some ground after earlier being weighed down by expectations of a rate rise in the US. At 1200 AEST on Friday, the currency was trading at 72.99 US cents, down from ...

  • LinkedIn caps rough week for social media AAP - 36 minutes ago

    It's not been a good week for social media companies, not even for the usually reliable professional networking service LinkedIn Corp. The company's second-quarter results, announced Thursday, beat Wall Street's expectations on all fronts, just as Facebook's did on Wednesday and Twitter's on Tuesday. LinkedIn "did great this quarter," said Gartner analyst Brian Blau, while noting that there is "some variability on their efforts quarter to quarter as they are in a very competitive market that is constantly innovating and changing".

  • Market higher despite commodity weakness AAP - 40 minutes ago

    The share market is higher as gains in the health and financial sectors more than offset falls among miners and energy companies. Weaker commodity prices are weighing on the resources sector, with BHP ...

  • Origin Energy lifts quarterly revenue AAP - 42 minutes ago
    Origin Energy lifts quarterly revenue

    Origin Energy has lifted quarterly production and revenue despite plunging oil prices. The company's production in the three months to June was up 15 per cent from the preceding three months, due mainly ...

  • Stocks to watch at noon on Friday AAP - 49 minutes ago

    Stocks to watch on the Australian stock exchange at noon on Friday: CSL - CSL - up $2.22, or 2.30 per cent, at $98.57 Biotechnology giant CSL Limited has moved a step closer to acquiring Novartis' influenza ...

  • Low rate party for investors ending AAP - 59 minutes ago

    The low loan rate party for investors is ending but beginning for owner occupiers, who could be about to enjoy discounted fixed rates and packaged home loan deals. Many lenders, including most of the major banks, have hiked interest rates for investors while also making it harder for them to get loans as the regulator tries to take some of the heat out of the investment property market. Financial comparison website RateCity's banking analyst Peter Arnold says housing investors will be paying more while lenders may now instead sweeten the deal for those people buying property as their home.

  • Flight Centre wins price-fixing battle AAP - 1 hour 5 minutes ago
    Flight Centre wins price-fixing battle

    Flight Centre has won its long running battle against the consumer watchdog after successfully overturning a price fixing judgment made against it. The full bench of the Federal Court on Friday overturned the 2013 judgment that saw the company fined $11 million over six alleged breaches of the Trade Practices Act. The case was brought on by the Australian Competition and Consumer Commission, which accused Flight Centre of breaching the Trade Practices Act between 2005 and 2009 by insisting the airlines it worked with not offer cheaper prices directly to customers than were available to the travel retailer.

  • Primary share sell-off 'not surprising' AAP - 1 hour 12 minutes ago

    Medical services company Primary Health Care's sell-off of Vision Eye Institute shares was a necessary step to address its faltering bottom line, an analyst says. The ASX-listed health care and pathology provider, a major Vision shareholder, will sell $34 million worth of its VEI shares and use the proceeds to pay down debt. IG market strategist Evan Lucas said the company had been volatile for some time.

  • ACCC wins appeal on price-fixing case AAP - 1 hour 15 minutes ago
    ACCC wins appeal on price-fixing case

    Flight Centre has won its long running battle against the consumer watchdog after successfully overturning a price fixing judgment made against it. The full bench of the Federal Court on Friday overturned the 2013 judgment that saw the company fined $11 million over six alleged breaches of the Trade Practices Act. The case was brought on by the Australian Competition and Consumer Commission, which accused Flight Centre of breaching the Trade Practices Act between 2005 and 2009 by insisting the airlines it worked with not offer cheaper prices directly to customers than were available to the travel retailer.

  • Flight Centre wins price-fixing appeal. AAP - 1 hour 44 minutes ago
    Flight Centre wins price-fixing appeal.

    Flight Centre has won its appeal against the competition watchdog over a long-running price-fixing case. The Full bench of the Federal Court has overturned a 2013 judgment against the travel retailer over charges it breached the Trade Practices Act between 2005 and 2009 by pressuring airlines not to undercut it on pricing. The appeal decision means Flight Centre will be repaid the $11 million in fines it paid after the initial judgment, plus interest, which will be added to its 2014/15 financial results.

  • Home prices weak outside of Sydney, Melb AAP - 1 hour 45 minutes ago

    Home prices across Australia are expected to record another strong month of growth, with most of the gains concentrated in Sydney and Melbourne. In the meantime, the property market analytics firm said dwelling prices in Sydney and Melbourne were up 3.2 per cent and 4.8 per cent respectively in the first 30 days of July. Adelaide is on track to record a fall in home values, while capital city price growth outside of Sydney and Melbourne is expected to be less than one per cent.

  • ResMed makes China acquisition AAP - 1 hour 48 minutes ago

    Sleep disorder device supplier ResMed will expand its presence in China, after agreeing to acquire Curative Medical. Curative Medical is a privately held provider of ventilation and breathing devices to treat sleep disorders. ResMed did not disclose the acquisition price.

  • FMA starts proceedings against former Milford empl … Newstalk ZB - 1 hour 56 minutes ago

    The Financial Markets Authority has started civil proceedings against a former Milford Asset Management employee for market manipulation.

  • Miners dip despite postive start elsewhere AAP - 1 hour 57 minutes ago

    The stock market has opened higher as investors look to earnings season, but the mining sector has stumbled following further strengthening of the US dollar and dip in commodity prices. Gold was heading for its biggest monthly decline for two years but OptionsXpress market analyst Ben Le Brun said the picture wasn't too gloomy for the miners. At 1040 AEST on Friday, BHP Billiton was down 18 cents, or 0.68 per cent, at $26.32, while Fortescue Metals Group was down three cents, or 1.58 per cent, at $1.865 and Rio Tinto was flat at $52.99.

  • The week in numbers to July 31 AAP - 2 hours 25 minutes ago

    The big and small numbers that grabbed attention - or should have - in the business world over the past week. Monday: Ten - Not so much a number as a troubled television network from which its chief executive ...

  • Primary to sell Vision Eye Health shares AAP - 2 hours 29 minutes ago

    Listed medical services company Primary Health Care will sell $34 million worth of shares in Vision Eye Institute and use the proceeds to pay down debt. Primary has entered into an agreement to sell around ...

New Zealand Markets

Company Finances

  • Mike Tyson stepping into the bitcoin ring CNBC - Wed, Jul 29, 2015 1:18 AM NZST
    Mike Tyson stepping into the bitcoin ring

    Mike Tyson is part of a new venture to bring bitcoin ATMs to Las Vegas.

  • Reynolds American beats 2Q profit forecasts Associated Press - Wed, Jul 29, 2015 12:05 AM NZST
    Reynolds American beats 2Q profit forecasts

    Reynolds American reported a surge in second-quarter profit with cigarette prices and volume rising. The nation's second-biggest tobacco company topped Wall Street profit expectations, boosted its profit ...

  • Fiat Chrysler to pay record fine AAP - Mon, Jul 27, 2015 8:05 PM NZST
    Fiat Chrysler to pay record fine

    Car maker Fiat Chrysler will pay a record $US90 million ($A123.74 million) fine for lapses in recalls of its vehicles under a deal reached with US regulators. The Italian-American car maker will pay a $US70 million fine to the National Highway Traffic Safety Administration and spend a further $US20 million on consumer outreach activities, the company said in a statement issued on Monday.

  • Latin food can be health food, too: Goya chief CNBC - Sun, Jul 26, 2015 4:00 AM NZST
    Latin food can be health food, too: Goya chief

    As part of a broad global expansion, Goya Foods is aiming to keep a hold on the Hispanic food market while capturing the broader population.

  • Japanese automaker Mitsubishi Motors to end US production Associated Press - Sat, Jul 25, 2015 8:47 AM NZST
    Japanese automaker Mitsubishi Motors to end US production

    Mitsubishi Motors confirmed Friday that it plans to stop production at its only U.S. factory and sell the plant in central Illinois that has more than 1,200 workers. The Japanese automaker reviewed its ...

  • Non-Mormon faux holiday 'Pie and Beer Day' gains traction Associated Press - Sat, Jul 25, 2015 8:18 AM NZST
    Non-Mormon faux holiday 'Pie and Beer Day' gains traction

    Most people are gathering Friday in Utah to celebrate the state's Mormon heritage at Pioneer Day parades featuring floats, carriages and women in prairie dresses. But many non-Mormons will be enjoying ...

  • Farmers restocking their flocks as bird flu winds down Associated Press - Sat, Jul 25, 2015 7:05 AM NZST
    Farmers restocking their flocks as bird flu winds down

    Three months after bird flu wiped out two of Greg Langmo's flocks, he's among the first to start growing turkeys again. He lost half of a year's normal production and income and won't be able to sell turkeys ...

  • Fallout from Uber deal keeps tensions high at NYC City Hall Associated Press - Fri, Jul 24, 2015 9:56 AM NZST
    Fallout from Uber deal keeps tensions high at NYC City Hall

    The deal that, for now, decided the ride-hailing behemoth Uber's future in New York City began with a phone call to Rome. City Council Speaker Melissa Mark-Viverito on Tuesday called Mayor Bill de Blasio, ...

  • House passes bill to prevent mandatory GMO labeling Associated Press - Fri, Jul 24, 2015 9:40 AM NZST
    House passes bill to prevent mandatory GMO labeling

    Food companies would not have to disclose whether their products include genetically modified ingredients under legislation passed by the House Thursday. The House bill is backed by the food industry, ...

  • Culinary tourists driving growth in US tourism Associated Press - Fri, Jul 24, 2015 6:02 AM NZST
    Culinary tourists driving growth in US tourism

    Culinary tourists are pushing growth in foreign tourism to the United States, which is transforming its image as a fast-food mecca to a land of regional tastes and dishes, said officials visiting the Expo ...