AAP

Sea water is flowing into a mine pit in Western Australia after a wall gave way.

Retail giant Woolworths is on track to lift its annual profit by up to 7 per cent despite softer-than-expected first quarter sales.

Adelaide-based Beach Energy has recruited Woodside Petroleum's second most senior executive, Rob Cole, as its new chief executive.

The Australian share market is marginally higher, with the major banks stronger but most of the big miners weaker.

The Dow and S&P 500 have edged higher to new records following a stream of mixed US economic data.

Some weak US economic data has helped the Australian dollar rebound after it dropped below 85 US cents for the first time in four years.

Gold prices are virtually unchanged in quiet, pre-holiday trade as investors find little direction in lacklustre US economic data and a flat stock market.

US oil prices have fallen to a new four-year low on growing expectations that OPEC will not take significant action in response to lower oil prices.

A Perth garden fertiliser company has been fined $100,000 after a worker was crushed to death.

The share market has rebounded to break November's downward trend, with gains made in every sector.

A mix of both residential and fly-in fly-out workforces is necessary to keep mines competitive, industry giant says.

BC Iron has shed three board members, including its first managing director, to help reduce costs as iron ore prices plunge.

Cabcharge is urging governments to act against ride sharing service Uber, labelling it "illegal and unsafe" and accusing it of tax avoidance.

Mount Gibson Iron has placed its shares in a trading halt amid ongoing problems at its Koolan Island mine.

Mining services business Ausdrill is slicing $28 million off its revenue forecast after a customer decided to postpone operations in Africa.

The Australian share market has started higher, led by gains from the big four banks and major miners.

Iron ore prices have slumped to a fresh five-year low, due to an oversupply of the commodity and a slowdown in demand from China.

Wall Street stocks have finished little changed following data showing unexpectedly strong US economic growth in the third quarter, but a drop in consumer confidence in November.

The Australian dollar is weaker after a Reserve Bank official hinted at another rate cut.

Oil prices have tumbled, with the US benchmark down 2.2 per cent, on expectations that the OPEC cartel will not agree to cut output despite ample global supplies.

Gold prices have edged higher, after a day of shuffling between gains and losses as two sets of economic data gave varying pictures of the state of US recovery.

Harvey Norman shareholders have overwhelmingly rejected founder and chairman Gerry Harvey's salary, but he says nothing is going to change.

A solid debut by Medibank Private could not stop the Australian share market falling in what has been a mostly downward run for most of November.

Shares in Medibank Private have made a solid start to trading on the stock market, debuting at $2.22 per share.

Western Australian racing and gaming minister Terry Waldron has resigned from Cabinet.

The Australian sharemarket has opened lower as resources lose ground after Monday's gains.

The Dow and S&P 500 have inched to new records ahead of a deluge of US economic data in advance of the Thanksgiving holiday.

Global oil prices have fallen following a choppy session amid scepticism that OPEC would move aggressively to lift prices this week.

Gold prices have eased from a three-week high as investors weigh the likely path of global monetary policy.

The Australian dollar has handed back the gains it made after China cut its benchmark interest rates.

Billionaire Gina Rinehart says rules and regulations are killing jobs.

A downturn in mining activity has contributed to a 40 per cent fall in half year profit for laboratory services company ALS, but it expects earnings to grow in the current quarter.