Latest Headlines

The winemaker behind brands including Penfolds has rejected a $3.05 billion takeover proposal from a US investment firm while announcing plans to slash costs and jobs.

Biotech player Orthocell has appointed two financial advisory firms to seek out investors as part of the company’s plans to go public.

Perth's industrial land sector is likely to experience a short-term supply shortage, with land values the most expensive in the nation and high construction costs affecting developers’ ability to create new facilities.

The proposed $750 million redevelopment of Garden City Booragoon is the latest project in a booming retail construction sector.

Deutsche Bank’s latest analysis of Boral has rekindled debate over a potential move on the Buckeridge Group.

Borrowers can rest assured that interest rates aren't going anywhere any time soon, with the Reserve Bank of Australia again giving no indication of any future change to the cash rate.

Ratings agency Standard & Poor's has warned Australia's AAA credit rating could be reviewed unless significant cuts are made to the budget, providing the Abbott government with much-needed ammunition as it tries to win support for its fiscal roadmap.

Sirius Resources says it is close to securing consent to mine at its Nova nickel deposit from the the traditional custodians of land covering the project in the Goldfields.

Sandalwood producer TFS Corporation has raised $67 million through a share placement, signalling it plans to increase the scale of its plantations.

The Australian share market is making losses, with a positive lead from Wall Street's gains not enough to plug the gloomy sentiment about a plunge in the iron ore price.

Fortescue Metals Group has increased the amount of iron ore it estimates is located at one of its projects in the Pilbara by more than 77 per cent.

The Australian dollar is slightly lower as traders wait for the release of the minutes of the Reserve Bank of Australia's May board meeting.

Tech stocks have led US markets higher helped by the truce in the smartphone patents battle between Apple and Google.

Oil prices have been mixed amid escalating violence in crude producer Libya following a revolt by a rogue general that has raised concerns about potential supply disruptions.

The Abbott government has put off making the really tough decisions in its first budget.

Seventeen Western Australian business people have been nominated as finalists in the 2014 round of the EY Entrepreneur Of The Year award.

Shares in Perth-based rubber recycling and manufacturing company Reclaim Industries have soared on the ASX on the back of its $3.8 million all-scrip takeover of cloud-based recruitment business Skills Connect.

Property player Megara Developments will build eight apartments for the Town of Port Hedland in exchange for the right to sell house-and-land packages at South Hedland’s Catamore Court estate.

Agribusiness Elders has narrowed its half year loss to $10.2 million and expects continued improvement over the full year.

The state and federal budgets have created new opportunities for the private sector, as governments seek to repair their strained finances.

The Australian share market has closed lower as mining stocks were weakened by a fall in iron ore prices, and the market generally worried about falling prices on the Chinese property market.

ATCO Australia managing director Steven Landry will return to Canada at the end of the month after a three-year stint in charge of the Perth-based division of the energy infrastructure business.

Competition is deemed healthy for most of us, so why not in the labour movement?

EXCLUSIVE: Western Australia could lose a major economic development opportunity in the South West if the $3.7 billion Perdaman Chemicals and Fertilisers urea project is forced to look east for vital coal feedstock, its boss Vikas Rambal has warned.

SPECIAL REPORT: Law firms are having to adapt as more businesses build in-house legal teams and squeeze billing rates.

Perth's newest skyscraper, Brookfield Place, has been named Australian development of the year by the Property Council of Australia.

IT services provider Empired has signed a deal to purchase Sydney-based customer relationship management firm eSavvy for $2.2 million.

Artists hit the streets last month to transform walls and buildings around Perth as part of FORM’s inaugural street art festival, PUBLIC.

Mining giant Rio Tinto expects to sign an agreement to push ahead with the troubled $US20 billion ($A21.64 billion) Simandou iron ore project in Guinea.

Australian stocks are weaker, with heavy falls by iron ore miners dragging down the overall market.

Oil prices moved modestly higher as the market found support from US gasoline demand hopes ahead of the looming summer-holiday driving season and the ongoing Ukraine crisis.

US stocks have finished higher after a choppy day of trade as investors weighed some solid retail earnings reports with mixed economic data.