Federal stimulus prompts car sale surge
Last month was the third highest month on record for vehicle sales as business buyers got in to claim investment tax breaks.
VFACTS data released by the Federal Chamber of Automotive Industries...
ABC Business News -
Friday July 3, 2009, 1:05 pm
BSA unsure of Hedley creditor numbers
The Building Services Authority (ASX: BSA.ax) says it is not yet clear how many creditors have been affected by the collapse of Hedley Constructions.
The firm, and eight other companies in the...
ABC Business News -
Friday July 3, 2009, 12:37 pm
Gunns moves on timber rival
The Tasmanian timber company Gunns has made a large investment in its rival, Forest Enterprises Australia.
Gunns now has a 17.9 per cent stake in the company.
Gunns paid 10 cents per share for...
ABC Business News -
Friday July 3, 2009, 12:22 pm
Palmer buys Townsville BHP refinery
The Yabulu nickel refinery in Townsville in north Queensland has been sold to mining magnate Clive Palmer.
BHP Billiton scaled back operations at the Yabulu Refinery in January, prompting fears...
ABC Business News -
Friday July 3, 2009, 12:21 pm
Tour Down Under route released
Tour Down Under organisers have released details of next year's event, with the Clare Valley receiving a stage for the first time.
Clare will be the starting point of the first stage with Auburn,...
ABC Business News -
Friday July 3, 2009, 12:19 pm
Ethanol plant awaits 10pc mandate
The chairman of the Manildra Group, Dick Honan, says the Bomaderry ethanol plant will be able to produce half of New South Wales' ethanol needs when a 10 per cent ethanol mandate is...
ABC Business News -
Friday July 3, 2009, 11:33 am
Obama 'deeply concerned' about job figures
United States President Barack Obama says it is going to be a long road to recovery on the back of dire unemployment figures.
Almost another half a million jobs in the US economy were lost in the...
ABC Business News -
Friday July 3, 2009, 11:31 am
Services industry shows signs of life
The cash handouts from the Federal Government appear to have helped Australia's services industry, with activity expanding for the first time in more than a year.
The Performance of Services...
ABC Business News -
Friday July 3, 2009, 11:16 am
Local market follows Wall St slump
Australian shares have followed Wall Street's weak lead from overnight and are down more than 1.5 per cent in early trade.
The All Ordinaries Index is down 60 points to 3,815 and the ASX 200...
ABC Business News -
Friday July 3, 2009, 11:07 am
Agriculture lucks out in carbon laws: Flannery
Climate change expert Tim Flannery say agriculture will not benefit from the Federal Government's carbon legislation unless more carbon offsets are permitted.
Professor Flannery told a climate...
ABC Business News -
Friday July 3, 2009, 11:05 am
Roo culls lead to tourism boycott calls
ACT tourism officials say they are concerned about a plan to boycott Canberra's tourism industry over kangaroo culling.
Animal welfare groups have threatened to co-ordinate a campaign to dissuade...
ABC Business News -
Friday July 3, 2009, 10:52 am
Investors lighten Rio's debt load
Rio Tinto says it has completed one of the world's biggest rights issues now Australian shareholders have taken up almost 95 per cent of their entitlements to new shares.
Yesterday, the...
ABC Business News -
Friday July 3, 2009, 10:39 am
Milk price cut to farmers
A large buyer of South Australian milk has announced a sharp cut to the price it pays farmers for milk.
Warrnambool Cheese and Butter is the latest processing company to slash the price it is...
ABC Business News -
Friday July 3, 2009, 10:11 am
Shoppers in the dark on chemicals in fruit
The Greens are calling on the New South Wales Government to reinstate independent testing of chemical residues in fruit and vegetables because 2.5 per cent have higher levels than...
ABC Business News -
Friday July 3, 2009, 9:40 am
Red tape strangles fledgling laneway bars
Envious of Melbourne's intimate laneway bars, both Sydney and Perth have brought in reforms aimed at fostering a more vibrant nightlife.
But advocates of the Melbourne model in both cities say...
ABC Business News -
Friday July 3, 2009, 9:10 am
