The House has overwhelmingly approved $9.7 billion to pay flood insurance claims for the many home and business owners flooded out by Superstorm Sandy. Friday's 354-67 vote sends the bill to the Senate. (Jan. 4)
Medicinal cannabis grower Cann Group's production facility is surrounded by barbed wire and is watched over by security cameras. While entry to the physical premises is heavily discouraged, investors in the "pot stock" sector are piling into new listings and Cann Group is no exception.
Microsoft has reported a 27.8 per cent increase in quarterly profit, lifted by robust demand for its cloud computing services. Under Chief Executive Satya Nadella, who took the helm in 2014, Microsoft has sharpened its focus on the fast-growing cloud computing unit to counter a prolonged slowdown in
The union representing WA poles and wires utility Western Power says workers won't accept a proposed pay freeze. Australian Services Union WA branch secretary Wayne Wood says staff have been asked to accept a new enterprise bargaining agreement comprising no wage increase in year one, inflation-aligned
The consumer watchdog is accusing Australia's biggest dairy processor Murray Goulburn os misleading farmers about prices it would pay for their milk before announcing a shock price cut that pushed many into financial distress. The Australian Competition and Consumer Commission has begun Federal
Nearly 100 new rehabilitation beds will open and addict support services will expand as part of an $81 million investment in Victoria's battle against the scourge of the drug ice. The government then wants to create up to another 60 residential beds in regional areas, with almost $10 million to
The Australian share market has eked out a tiny gain to close higher for a sixth straight session despite a mixed performance in the heavyweight banking and mining sectors. OptionsXpress market analyst ...
Westpac appears to have ruled out funding the controversial Adani mine with a new climate change action plan that will limit its exposure to thermal coal projects. Australia's oldest bank said on Friday it would limit thermal coal project lending to those sited in already-producing basins, and where
Stocks to watch on the Australian stock exchange: MGC - MURRAY GOULBURN (MG Unit Trust) - unchanged at $1.025 The competition watchdog is taking Murray Goulburn to court, alleging the dairy processor misled ...
Companies from Singapore to Finland are racing to improve artificial intelligence so software can automatically spot and block videos of grisly murders and mayhem before they go viral on social media. A Thai man who broadcast himself killing his 11-month-old daughter in a live video on Facebook this
Post-Brexit confectionary jobs get the chop, a mining giant counts the cost of a strike and private equity abandons its tilt at Tatts - here's some of the numbers that mattered this week. MONDAY 72.1 - ...
The report by economist Mike Callaghan, released on Friday, says minor changes could be made to the petroleum resource rent tax but no wider overhaul is needed. Mr Callaghan was asked to conduct the inquiry after it was found revenues from the 40 per cent PRRT levied on profits generated from petroleum
Pacific Consortium has dropped its pursuit of Tatts Group after the lotteries and wagering firm rejected a second takeover offer as not superior to its proposed merger with Tabcorp. Pacific Consortium on Friday expressed disappointment at Tatts' decision not to permit it to conduct due diligence
Origin Energy has held production for the March quarter largely steady on the previous three months despite a planned shutdown at part of its Australia Pacific liquefied natural gas project in Queensland. Sales volume for the quarter was down two per cent from the prior three months, at 80.4 petajoules
Prime Minister Malcolm Turnbull has hit back at Labor claims he pledged wholesale gas prices would halve under his short-term solution to looming domestic supply shortages. Mr Turnbull has been under pressure about remarks he made when announcing export controls to protect domestic gas supplies. Mr
A push by western Sydney to host the 2026 or 2030 Commonwealth Games has been well received by Premier Gladys Berejiklian amid calls for a united campaign to bring the games to NSW. "I want NSW and greater Sydney in particular to be the events capital of the region and we're pretty much there
A man is being treated in hospital after falling four metres from a pile of mushroom mulch in regional Victoria. The man was taken to Bendigo hospital with leg and back pain after the fall at Scato Plus ...
Tatts Group has rejected private equity firm Pacific Consortium's second takeover offer on the grounds it is not superior to its proposed merger with Tabcorp. Pacific Consortium, which was knocked back in December, returned to the table last week with a revised $4.21 cash per Tatts share offer and
The consumer watchdog is taking legal action against dairy processor Murray Goulburn alleging the co-operative misled farmers about prices it would pay for their milk before announcing a shock cut to the price in 2016 that left many farmers in hardship. The Australian Competition and Consumer Commission
YouTube's inability to keep big-brand ads off unsavoury videos is threatening to transform a rising star in Google's digital family into a problem child. It's not yet clear whether a recent ad boycott of YouTube will be short-lived or the start of a long-term shift away from the video service
Producer prices rose 0.5 per cent in the March quarter, missing market expectations of a 0.7 per cent rise. Over the year to the March quarter, the producer price index rose 1.3 per cent, up from 0.7 per cent over the year to the December quarter, according to Australian Bureau of Statistics data released
Westpac appears to have ruled out funding the controversial Adani mine by limiting lending to basins that are already producing thermal coal. Australia's oldest bank on Friday published a climate change action plan in which it said it would limit thermal coal project lending to producing basins
Respiratory face mask and machine maker ResMed has lifted third-quarter revenue by 13 per cent to $US514 million ($A688.6 million), partly thanks to its acquisition of US health software business Brightree. Excluding the contribution from Brightree, ResMed's revenue for the three months to March
Origin Energy's March quarter oil and gas revenue has increased three per cent from the preceding three months, on the back of higher prices. The energy producer and retailer's revenue of $562.9 million, for the three months to March 31, was 78 per cent higher from the same period last year
Westpac appears to have ruled out funding the controversial Adani mine by limiting lending to basins that are already producing thermal coal. Australia's oldest bank on Friday updated its climate change action plan in which it said it would limit thermal coal project lending to producing basins
The major miners are weighing on the Australian share market after weak commodity forecasts from two big iron ore producers lead to a sell-off in the materials sector. Soft leads from Wall Street's Dow ...