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Business News

Australian shares slide for second day

Australian shares recorded their worst weekly performance this year, with a second straight day of heavy falls.
ABC - May 24, 8:10 pm
PM Julia Gillard rejects calls to raise import tariffs as car industry struggles for survival after Ford closure

Prime Minister Julia Gillard has stared down backbench calls for an increase in tariffs on imported cars in the wake of Ford's .
ABC - May 24, 5:52 pm
Greiner resignation signals 'no-confidence' in O'Farrell

NSW Premier Barry O'Farrell is facing accusations that departures at the top of Infrastructure New South Wales amount to a vote of no-confidence in him.
ABC - May 24, 4:54 pm
Premier's Aurora sale pledge

The sale of state-owned power retailer Aurora Energy could provide the Tasmanian Government with a pre-election war chest.
ABC - May 24, 4:26 pm
Fares to rise for some ferry passengers

New ticketing rules will significantly increase fares for Sydney ferry passengers who use multi-trip tickets for their daily commute.
ABC - May 24, 3:54 pm
Holden ready to seek more government support

As Ford makes plans to exit manufacturing in Australia, Holden managing director Mike Devereux has flagged another approach to government for assistance.
ABC - May 24, 3:37 pm
Nine parties interested in troubled Trims

Management of Adelaide clothing retailer Trims said some high-profile buyers had shown interest in the troubled business.
ABC - May 24, 3:34 pm
Packer's Crown sells out of Echo

James Packer's casino company Crown Limited has announced it has sold all its shares in the parent company of The Star casino, Echo Entertainment.
ABC - May 24, 3:10 pm
Futuris caught up in Ford manufacturing withdrawal

Elders is assessing how its operations will be affected by Ford's decision to end manufacturing in Australia from late 2016.
ABC - May 24, 2:44 pm
CFMEU in contempt of court over Grocon blockade at Melbourne Emporium site

Construction giant Grocon has won one of its legal fights against the the Construction Forestry Mining and Energy Union (CFMEU) as the public stoush between the two continues.
ABC - May 24, 1:53 pm
Port Pirie smelter upgrade a step closer

Metals company Nyrstar and the Federal Government have moved a step closer to finalising a proposed $350 million redevelopment of the Port Pirie smelter in South Australia.
ABC - May 24, 1:19 pm
US military fears taking on Assad's troops in drawn-out Syrian war, says Bob Carr

Foreign Affairs Minister Bob Carr has told a group of Syrian refugees that the United States military does not want to risk a drawn-out war with the Syrian army.
ABC - May 24, 1:08 pm
Cafes to challenge outdoor dining by-law

Restaurant and Catering SA will challenge an Adelaide City Council by-law that operators who use footpath space cannot make those areas exclusive to their customers.
ABC - May 24, 11:02 am
US markets fail to follow Asian share slide

Global markets fell sharply on concerns about Chinese and European growth, but Wall Street failed to follow.
ABC - May 24, 10:02 am
Sacked cleaners fight for money owed

A Tasmanian union is fighting for money owed to about 50 workers who have lost their job after the failure of one of Australia's biggest cleaning companies.
ABC - May 24, 8:12 am