Business News

US woes drag stock market down
NEWS.com.au
THE Australian stock market took another dive this morning, following Wall Street's reaction to news that the US is in a recession.
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Housing tipped to remain in slump
NEWS.com.au
HOUSING construction will continue to fall, with interest rate cuts not likely to affect the market until 2009/10, research says.
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OZ Minerals in big debt bind
NEWS.com.au
OZ Minerals has taken the extraordinary step of freezing its shares for another four weeks as it scrambles to refinance $US420 million ($A653 million) in debt.
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Power out at GMC
NEWS.com.au
MELBOURNE power tool company Global Machinery Co, run by two Rich Listers, has gone into receivership after losing a major contract with Bunnings.
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Buyers still shop 'til they drop
NEWS.com.au
US experts have been jumping over each other to declare declining consumer sentiment the final signal that the economy has been killed off.
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Cutting both ways
NEWS.com.au
DETERIORATING economic conditions have all but locked in a Reserve Bank interest rate cut of up to 1 per cent today.
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Super news for Dixon
NEWS.com.au
GEOFF Dixon was granted an extra $7.66 million superannuation payment in his last 18 months as Qantas chief executive, taking his golden parachute to almost $20 million.
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US in recession since last year
NEWS.com.au
IT'S official the US economy has been in recession since December 2007, a panel of economists has declared.
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Shoppers still spending at Harvey Norman
NEWS.com.au
HARVEY Norman says sales for the four weeks ended November 30 rose by 0.5 per cent from the same period last year.
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Has surplus disappeared?
NEWS.com.au
IF Kevin Rudd believed in transparency in government he would release an updated Mid-Year Economic and Fiscal Outlook to incorporate COAG spending.
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Brokers positive on Wall St rally
NEWS.com.au
SHARE brokers will be feeling better about going to work than they have in months after Wall St posted its biggest weekly gain since 1974.
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How your super really performed
NEWS.com.au
AUSTRALIA'S most respected banks and insurance companies have been named as among the worst-performing superannuation managers.
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If this is as bad as it gets, be thankful
NEWS.com.au
IF THIS is as bad as it gets, what exactly is the problem? Where's the pain?
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Pensions plunge
NEWS.com.au
AN explosive new survey of superannuation pension funds has exposed massive losses within the sector.
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At last, a ripper week
NEWS.com.au
THE Australian stock market has recorded its biggest weekly gain in more than 16 years.
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