Tech companies settle job-poaching case

In a case that exposed the dark side of hiring practices in the tech industry, Apple Inc, Google Inc, Intel Corp and Adobe Systems Inc opened their cheque books to avoid an embarrassing trial by settling ...

  • Aust market closed for Anzac Day AAP - 4 hours ago

    The Australian share market is closed on Friday for the Anzac Day public holiday. On the ASX 24, at 1010 AEST on Friday, the June share price index futures contract was up seven points at 5,530, with 4,470 ...

  • Stocks to watch AAP - 7 hours ago

    The Australian stock market is closed on Friday for the Anzac Day public holiday. Stocks of key interest on the Australian stock exchange on Thursday were: AGO - ATLAS IRON - up two cents, or 2.1 per cent, ...

  • Commodities markets summary AAP - 7 hours ago

    A summary of trading in key commodities markets overseas: ENERGY Oil prices moved higher as heightened tensions in Ukraine overcame concerns about record US commercial crude inventories. New York's West ...

  • International markets roundup AAP - 7 hours ago

    A roundup of trading on major world markets: NEW YORK - US stocks finished higher as concerns about rising tensions in Ukraine cast shadows over largely positive earnings results from Apple and other large ...

  • Finance News Update, what you need to know AAP - 7 hours ago
    Finance News Update, what you need to know

    WORLD FINANCE UPDATE: The Australian dollar has lost further ground, continuing its downward trajectory spurred by lower-than-expected March quarter inflation figures. At 0630 AEST on Friday, the Australian ...

  • Australian market closed on Anzac Day AAP - 8 hours ago

    The Australian market is closed on Friday for the Anzac Day public holiday. At 0645 AEST on Friday, the June share price index futures contract was up 11 points at 5,534. No major economic or equities ...

  • $A continues its fall AAP - 8 hours ago

    The Australian dollar has lost further ground, continuing its downward trajectory spurred by lower-than-expected March quarter inflation figures. At 0630 AEST on Friday, the Australian dollar was trading ...

  • Whitehaven cuts coal guidance AAP - 20 hours ago
    Whitehaven cuts coal guidance

    Whitehaven Coal shares have fallen after the miner cut its full year production guidance by up to eight per cent due to operational problems. Whitehaven shares dropped 4.5 cents, or 2.8 per cent, to $1.56. Whitehaven had some good news last week when the Commonwealth Department of the Environment found the company's biodiversity offsets package for its controversial flagship Maules Creek project complied with approval conditions.

  • Heineken returns to growth in Europe AAP - 21 hours ago
    Heineken returns to growth in Europe

    Heineken says it has returned to growth in its crucial Western Europe market in the first quarter, after a long period of stagnation. Organic sales - a figure which strips out the effects of currencies and acquisitions - grew by 3.4 per cent. Heineken said that like-for-like sales in Western Europe, where it is the largest brewer, were up 1.8 per cent to 1.51 billion euros.

  • $A steady after falling on CPI data AAP - 21 hours ago

    The Australian dollar has recovered only some of the losses suffered after the release of lower than expected inflation figures. Lower than expected inflation figures on Wednesday dampened speculation of a cash rate hike in the near future, weighing the Australian dollar lower. National Australia Bank global co-head of FX strategy Ray Attrill said the inflation figures were still weighing on the currency on Thursday, although trading volumes were thin ahead of the Anzac Day long weekend. "The Australian dollar had very much a nothing day," Mr Attrill said.

  • Shares achieve sixth straight day of gains AAP - 21 hours ago

    The share market closed firm at near six year highs following a sixth consecutive day of gains. Despite overnight weakness in global stock markets and political instability in Ukraine, the local market ...

  • ERM Power downgrades profit forecast AAP - 22 hours ago

    ERM Power has secured $1 billion in new contracts to supply electricity to the federal and NSW governments. But the business-focused power supplier has downgraded its profit forecasts for the 2014/15 financial year, which is prior to the commencement of the new contracts. ERM Power will provide electricity to large sites owned by NSW Health and the state's departments of education, justice and attorney-general from July 2015, in a three-year deal worth $900 million. ERM has also secured a $100 million, 12-month extension of an existing deal to supply electricity to more than 80 federal government agencies, at sites including federal parliament house, Government House and the National Gallery.

  • ResMed lifts quarterly earnings AAP - 22 hours ago

    Medical technology group ResMed has lifted its third quarter earnings by six per cent, despite flat sales from its key US market. Australian-listed ResMed, which makes sleep disorder equipment, achieved ...

  • Aust bond market strong on CPI data AAP - 22 hours ago

    Australian bond futures prices remain strong after lower than expected inflation dampened speculation of a cash rate hike any time soon. Figures on Wednesday showed the consumer price index rose 0.6 per cent in the March quarter, lower than the 0.8 per cent economists had been expecting, reducing the likelihood of an imminent rate hike, Westpac senior market strategist Damien McColough said. "The market is still mulling over the fact that after yesterday's CPI, the Reserve Bank of Australia will probably sit on its hands for longer than was expected," Mr McColough said. At 1630 AEST on Thursday, the June 2014 10-year bond futures contract was trading at 96.045 (implying a yield of 3.955 per cent), up from 96.035 (3.965 per cent) on Wednesday.

  • Transurban expands into Qld for $7b AAP - 22 hours ago
    Transurban expands into Qld for $7b

    Toll roads operator Transurban has extended its reach, leading a consortium that has bought several Brisbane toll roads from the Queensland government for around $7 billion. The consortium beat other bidders to acquire Queensland Motorways' 73.5 kilometres of roads and bridges for $6.67 billion, plus stamp duty of $384 million and transaction costs of $447 million. The Queensland Motorways portfolio comprises the Logan and Gateway motorways, CLEM7 tunnel, Go Between Bridge and Legacy Way, which is expected to begin operating in June 2015. Transurban chief executive Scott Charlton said the Brisbane toll roads were high quality assets that would help grow earnings for Transurban securityholders.

New Zealand Markets

Company Finances

  • 5 things to know about NYC's Tavern on the Green Associated Press - Thu, Apr 24, 2014 8:42 AM NZST
    5 things to know about NYC's Tavern on the Green

    New York City's Tavern on the Green, closed since the previous operators lost their lease and declared bankruptcy in 2009, reopens Thursday under new management. Here are five things to know about the ...

  • Procter & Gamble 3Q net income up on cost cuts Associated Press - Thu, Apr 24, 2014 3:07 AM NZST
    Procter & Gamble 3Q net income up on cost cuts

    Procter & Gamble's fiscal third-quarter net income rose 2 percent as it cut costs to offset sluggish sales in categories like beauty and family products. The world's largest consumer product maker's adjusted ...

  • Do Pass Go: Business Lessons From Monopoly Entrepreneur - Thu, Apr 24, 2014 1:00 AM NZST
    Do Pass Go: Business Lessons From Monopoly

    The game we all grew up playing actually provides great advice for entrepreneurs trying to figure out the startup world.

  • Keflezighi's Boston win a boost for shoe sponsor Associated Press - Thu, Apr 24, 2014 12:24 AM NZST
    Keflezighi's Boston win a boost for shoe sponsor

    The Boston Marathon champion crossed the finish line wearing sneakers from Skechers, not exactly a brand associated with sports. The company signed Meb Keflezighi three years ago hoping he could help legitimize ...

  • Reynolds American 1Q profit falls more than 28 pct Associated Press - Thu, Apr 24, 2014 12:01 AM NZST
    Reynolds American 1Q profit falls more than 28 pct

    Reynolds American Inc.'s first-quarter profit fell more than 28 percent as the company sold fewer cigarettes and spent more on expanding its electronic cigarette brand and legal costs. The nation's second-biggest ...

  • Procter & Gamble 3Q profit edges up, revenue slips Associated Press - Wed, Apr 23, 2014 11:59 PM NZST
    Procter & Gamble 3Q profit edges up, revenue slips

    Procter & Gamble Co.'s fiscal third-quarter net income rose 2 percent as it cut costs to offset sluggish sales in categories like beauty and family products. The world's largest consumer product maker's ...

  • How These 10 Marketing Campaigns Became Viral Hits Entrepreneur - Wed, Apr 23, 2014 11:30 PM NZST
    How These 10 Marketing Campaigns Became Viral Hits

    Any company can create word-of-mouth ad -- all it takes is a clever idea and skillful execution.

  • Tech boom presents new wrinkles for Wrigley Field Associated Press - Wed, Apr 23, 2014 11:04 PM NZST
    Tech boom presents new wrinkles for Wrigley Field

    During a recent game at Wrigley Field, John Weber was using a pencil and scorecard to expertly track the game between his hometown Cubs and the Pittsburgh Pirates. The 86-year-old retired transit worker ...

  • Toyota sells 2.58 million vehicles AAP - Wed, Apr 23, 2014 7:58 PM NZST
    Toyota sells 2.58 million vehicles

    Toyota has kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen. Toyota Motor said on Wednesday that it sold a record 2.583 million vehicles in the January-March period, putting the Japanese carmaker ahead of Detroit-based GM at 2.42 million and Volkswagen of Germany at 2.4 million. Toyota's first quarter sales rose by more than 6 per cent from the same period the previous year. GM's sales grew 2 per cent, while Volkswagen's added nearly 6 per cent.

  • Advocates vow to revive Navajo junk-food tax Associated Press - Wed, Apr 23, 2014 11:27 AM NZST
    Advocates vow to revive Navajo junk-food tax

    Facing a high prevalence of diabetes, many American Indian tribes are returning to their roots with community and home gardens, cooking classes that incorporate traditional foods, and running programs ...