A disappointing unemployment report hammered Wall Street ahead of the 4th of July weekend. Losses were broad based as financials and energy stocks were among the most heavily sold. Job losses rose for the first time in four months in June. The Labor Department reported 467,000 jobs were cut, which w ...

Industry funds increased 14 per cent to an average of $198 billion in the year to June 2008, some somewhat dated data on the superannuation sector published by APRA in its Insight publication shows. ...

The former owners of failed discount supermarket chain Not Quite Right have joined with Bakers Delight co-founder and chief executive Roger Gillespie to rescue the supermarket retailer from administrators and save as many as 400 local jobs. ...

THE family owned Melbourne-based retailer Besen Group has granted an option over a third of its 50 per cent share of Highpoint Shopping Centre, one of Australia's top centres, to the GPT Group. ...

AUSTRALIA'S credit unions and building societies have experienced strong growth in retail deposits at the expense of their regional banking rivals to maintain liquidity during the global credit squeeze. ...