Shares in Seven West Media have fallen nearly five per cent after coming out of a trading halt.At 1058 AEST, Seven West Media was 7.505 cents, or 4.94 per cent, lower at $1.445.
Fairfax Media, which has been battling mining billionaire Gina Rinehart over board representation, has appointed Hungry Jack's founder and Rinehart ally Jack Cowin as an independent director.
The Australian sharemarket has opened more than one per cent higher following positive leads from overseas and a rebound in the local resources sector.
US stocks have climbed for a second straight day amid upbeat earnings reports and after a Federal Reserve report said the economy continued to grow, at least at a modest pace.
The Australian dollar nudged higher today as currency traders remained optimistic that there will be no official interest rate cuts in the near future.
The central bank may be content to sit on the sidelines and not rush in with any further interest rate cuts for now, but newly released housing data is a stark reminder that not all sections of the
Anti-uranium protesters will make the "symbolic gesture" of bashing a bull pinata, representing Toro Energy, outside a uranium conference while the firm's chief is addressing delegates.
Gold miners Norseman Gold and Apex Minerals have announced fundraising plans collectively worth around $23 million as the companies seek to ramp up production at their Western Australian operations
Energy and Minerals Australia stocks have rocketed on the Australian Securities Exchange after the uranium hopeful settled legal matters hanging over its Mulga Rock project in the north east Goldfi
Supermarket private label product sales have grown by an enormous 85 per cent in the past five years and will account for a quarter of the $86 billion Australians spend on groceries in the next yea
Domestic labour will be favoured in the hunt for more than 5000 workers for Chevron's $US29 billion ($28. billion) Wheatstone gas project, the state government says.
Prime Minister Julia Gillard has highlighted the potential for the Kimberley region to become the food bowl of Asia on the final leg of a three-day media blitz in the state.
US stocks have closed higher after Federal Reserve chief Ben Bernanke gave a gloomy assessment of the economy to Congress and said the Fed would act if the situation gets worse.
The Australian dollar rose to its highest level in almost two weeks after the Reserve Bank of Australia showed some optimism about the economic outlook.
The Australian share market has closed higher, boosted by commentary from the nation's central bank that there were recent positive signs for the Australian economy.
Alaska-based engineering and construction firm NANA Development Corporation's Australian subsidiary has signed a landmark alliance with Pilbara-based indigenous firm PLWA Group, giving it access to
Rupert Murdoch's group of Australian media companies have won a long-running battle with the Australian Taxation Office over more than $2 billion in tax deductions.
Former Greens senator Bob Brown has traded in his political hat for a pair of sea legs by joining the crew of the Sea Shepherd for an anti-gas hub campaign.
When the board of the Reserve Bank of Australia met on July 3, its members saw no case to cut the cash rate again and gave no hint that a cut was in the pipeline.
