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Australian & World News
Shares close lower on Wall St lead
THE share market closed lower after Wall Street fell on news that US unemployment is at a 26-year high.
Saturday, July 04, 2009
Read story at NEWS



Legal action to recover Timbercorp loans
LAWYERS acting for the liquidators of Timbercorp Finance have started legal action to recover money from investor-growers who have defaulted on their loans from Timbercorp Finance.
Saturday, July 04, 2009
Read story at NEWS



Services sector takes unexpected rise
RISING confidence among consumers about the outlook for the economy has helped the services sector expand for the first time in 15 months in June, a survey shows.
Saturday, July 04, 2009
Read story at NEWS



RBA tipped to leave rates on hold
THE central bank is expected to leave interest rates on hold for a third straight month in July as more signs emerge that the economy is faring better than most amid the global recession.
Saturday, July 04, 2009
Read story at NEWS



'Richest man' considering BHP assets
ONE of Australia's wealthiest individuals says he will consider buying BHP Biliton's troubled nickel assets to underpin an expansion of the Yabulu nickel refinery in Queensland.
Saturday, July 04, 2009
Read story at NEWS



'Most successful' entrepreneur dies
VICTOR Smorgon, one of Australia's most successful entrepreneurs and the former head of one of the country's most diverse industrial groups, has died in Melbourne.
Saturday, July 04, 2009
Read story at NEWS



Dollar tanks on US jobs data
THE dollar was lower at noon as it slowly recovered from a "body-blow" in worse-than-expected US jobless data.
Saturday, July 04, 2009
Read story at NEWS



Shares fall further in midday trade
THE share market fell more than 1 per cent in morning trade, following losses in Wall Street on poor jobs data.
Saturday, July 04, 2009
Read story at NEWS



Toyota Australia's 'top seller'
NEW car and truck sales topped 100,000 in June as the Australian vehicle market showed tentative signs of recovery.
Saturday, July 04, 2009
Read story at NEWS



Buffett donates $1.8bn to charity
BILLIONAIRE investor Warren Buffett has donated about $US1.5 billion ($1.8 billion) of Berkshire Hathaway stock, in connection with his 2006 pledge of his holdings to charitable causes.
Saturday, July 04, 2009
Read story at NEWS



Ex-BHP exec new FerrAus CEO
FERRAUS has named former BHP Biliton executive Mike Amundsen as its new managing director and chief executive.
Saturday, July 04, 2009
Read story at NEWS



GM fate hanging in the balance
A FEDERAL bankruptcy judge will decide the immediate fate of General Motors' effort to quickly sell its best assets to a group funded by the US government, after a three-day court hearing concluded in the US overnight.
Saturday, July 04, 2009
Read story at NEWS



Shares slump after Wall St job woes
THE share market opened almost 2 per cent lower after Wall Street slumped on a rise in the number of jobless.
Saturday, July 04, 2009
Read story at NEWS



BHP Billiton offloads Yabulu
BHP Biliton will sell its Yabulu nickel refinery in Queensland for an undisclosed sum and will book $US675 million ($A853.57 million) in writedowns on the sale.
Saturday, July 04, 2009
Read story at NEWS



Maddoff's $9m apartment seized
  • US marshals seize Madoff's apartment
  • Piano, lamps worth more than $US2m
  • Twitter: Follow our business blog
Saturday, July 04, 2009
Read story at NEWS



     
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