Daily Telegraph | Business Breaking News

Market set to open lower

Wed, 16 May 2012 21:31:01 GMT

THE Australian market looks set to open lower following falls on US markets overnight and continued political uncertainty in Europe.

Dollar higher despite Greek woes

Wed, 16 May 2012 21:26:55 GMT

THE Australian dollar has moved back above 99 US cents despite a continuing slump in global stock markets, driven by fears Greece will exit the euro zone.

Suits filed against JP Morgan over $2bn loss

Wed, 16 May 2012 16:00:52 GMT

TWO shareholder suits were filed against JP Morgan Chase over more than $2bn in trading losses reported by the bank last week.

Fresh housing, industry data boost US stocks

Wed, 16 May 2012 15:13:08 GMT

US stocks buoyed by fresh positive data on the American economy and news that troubled Greece set a June 17 date for new elections.

Facebook boosts IPO size

Wed, 16 May 2012 11:40:21 GMT

FACEBOOK said in a filing today that it will increase the size of its IPO to 421.2 million shares, according to Dow Jones.

Airservices CEO resigns

Wed, 16 May 2012 10:50:04 GMT

AIRSERVICES Australia has confirmed CEO Greg Russell has resigned and is "well advanced" in selecting a replacement.

Woolies executive defrauded $3.75m - crown

Wed, 16 May 2012 09:13:07 GMT

EX-Woolworths top boss worked with two others to "cheat and defraud" the firm before laundering money abroad, jury told.

Dollar down US1c as Greek poll looms

Wed, 16 May 2012 08:32:02 GMT

DOLLAR extends its fall below below parity with the US dollar as renewed worries about Greece weighs on the currency.

Media needs more job security - union

Wed, 16 May 2012 08:12:58 GMT

THE media union says a push for greater job security for casual workers is especially important in the creative industries.

Industry low with collapse of construction company

Wed, 16 May 2012 06:46:11 GMT

A LEADING building supplies maker says Australia's housing industry is in its worst state in more than a decade.