Shares close 4.7pts higher

The Australian share market has finished flat as sagging oil and iron ore prices weighed on energy and mining stocks.

Dick Smith on track for 10% sales growth

Electronics retailer Dick Smith is on track to lift half year sales by about 10 per cent.

Seawall gives way at Koolan Island

Sea water is flowing into a mine pit in Western Australia after a wall gave way.

Woolies sticks to profit forecast

Retail giant Woolworths is on track to lift its annual profit by up to 7 per cent despite softer-than-expected first quarter sales.

Cole to head Beach Energy

Adelaide-based Beach Energy has recruited Woodside Petroleum's second most senior executive, Rob Cole, as its new chief executive.

Shares open 13.8pts higher

The Australian share market is marginally higher, with the major banks stronger but most of the big miners weaker.

Dow, S&P 500 edge to new records

The Dow and S&P 500 have edged higher to new records following a stream of mixed US economic data.

$A back above 85 US cents

Some weak US economic data has helped the Australian dollar rebound after it dropped below 85 US cents for the first time in four years.

Gold's near unchanged, palladium lifts

Gold prices are virtually unchanged in quiet, pre-holiday trade as investors find little direction in lacklustre US economic data and a flat stock market.

Oil prices fall to new four-year low

US oil prices have fallen to a new four-year low on growing expectations that OPEC will not take significant action in response to lower oil prices.

Fertiliser firm fined over death

A Perth garden fertiliser company has been fined $100,000 after a worker was crushed to death.

Shares close 61.4pts higher

The share market has rebounded to break November's downward trend, with gains made in every sector.



Rio Tinto$26.71bn
BHP Billiton Iron Ore$24.30bn
North West Shelf Venture$19.62bn
Fortescue Metals Group$12.48bn
Woodside Petroleum$6.09bn
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