Crisis hits Brisbane Broncos profit
BRISBANE Broncos crowds may be breaking records, but the global financial crisis is reining in profits at the club's corporate arm.
'Rogue' jobs data sparks ABS shake-up
ABS receives extra funding Will make changes to jobs, retail surveys Shock jobs result sparks questions
Shares close lower on light trade
THE share market closed weaker in light trading as investors showed caution after recent gains and the digestion of Tuesday's federal Budget.
Commonwealth Bank to cut dividend
COMMONWEALTH Bank says operating conditions remain challenging after it reported cash earnings for the March quarter of about $1.15 billion, generating a cash return on equity of over 15 per cent.
Budget a high-wire act, says business
THE Federal Budget does not include enough relief for businesses who are doing it tough, said the Australian Chamber of Commerce and Industry (ACCI).
ASIC warns banks on broker fraud
THE CORPORATE watchdog is warning lenders they may be engaging in "unconscionable conduct" if they try to recoup loans arranged fraudulently by external brokers.
Warren Buffett in $2 billion loss
WARREN Buffett's Berkshire Hathaway posted its first quarterly loss since 2001, hurt by losses on derivative contracts, a big investment in the oil company ConocoPhillips, and the weakening economy.
Dollar at seven-month high
THE dollar opened at a seven month high today, energised by increased risk appetite off a weakened US dollar.
Ex-Qantas chief lands tourism role
FORMER Qantas chief executive Geoff Dixon is likely to be appointed deputy chairman of Tourism Australia this week in a boardroom upheaval that will also see two other directors replaced, according to well-placed industry sources.
IKEA shoppers face 2.5km one-way trek
SHOPPERS will need plenty of stamina to make it out of the biggest IKEA store in the southern hemisphere, to be built on an old tip in Sydney.