The Australian share market has opened more than half a per cent lower, dragged into the red by continuing weakness in the resources and financial sectors.
Pharmaceutical heavyweights Pfizer and Allergan have unveiled a record-setting $US160 billion ($A222.62 billion) mega-merger as US stocks finished modestly lower.
Oil prices were little changed as traders tried to decipher remarks by Saudi Arabia suggesting a production cutback in response to abundant global supplies.
Live crowdfunding organisation The Funding Network believes it is changing philanthropy by showing people they don't have to be rich to make a real difference.
Gold has fallen one per cent, nearing last week's 2010 low on a robust US dollar and upbeat comments from Federal Reserve officials on a possible US rate rise in December.
The directors' interests table published in Monday morning's email incorrectly showed that Valmec directors Vincent Goss and Stephen Zurhaar had sold $1.1 million of shares.
THE body behind one of Western Australia's longest-running and largest participation cycling events is confident it can put a string of setbacks behind it.
Engineering firm Monadelphous Group has won a $200 million contract for work on Shell's Prelude floating liquefied natural gas project in the Browse Basin.
More than 30 Western Australian arts organisations are set to share in $29 million worth of state funding, with some organisations likely to secure up to six years worth of grants.
Former corporate lawyer Ian Cochrane has joined the board of Ausdrill as deputy chairman, adding to a suite of board positions on the private companies of some of Perth's wealthiest families.
NRW Holdings chairman Ian Burston has announced plans to step down, while also announcing a remuneration review that will include chief executive Julian Pemberton, whose annual pay is substantially higher than his peers.
A Perth jeweller has used the launch of her first men's collection to call on the mining industry to open its production lines to Western Australia's creative community.
Some of the state's biggest home builders have joined a government panel to deliver design and construction work on the $560 million Social Housing Investment Package.
Investors have welcomed news that Perth-based confectionery company Yowie Group has signed a licensing agreement with the firm behind the popular Angry Birds franchise, to manufacture an Angry Birds-themed candy for the US market.
SPECIAL REPORT: Perth's small bar scene is evolving into one of the nation's most vibrant, but red tape is returning as an issue despite a proliferation of venues.
Local contractor OTOC has won a contract to provide surveying services to a joint venture which is building a light rail route in Sydney, with the value of the deal undisclosed.
