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The Australian share market was dragged lower by renewed concerns that Greece is heading towards default and a weak lead from Wall Street while lower commodity prices weighed on mining stocks.

Mermaid Marine has reported a 35 per cent increase in net profit for the six months to December 31, driven by an “exceptional performance” by the company’s Australian fleet.

Perth companies Arafura Resources and Raisama have both slashed the size of their board of directors, in order to cut costs as they continue long-running negotiations over the funding and developme

Three former directors of national whitegoods distributor Kleenmaid have been charged with defrauding a bank of $13 million.

The resources boom is unlikely to derail other industries in Australia, according to Reserve Bank of Australia deputy governor Philip Lowe.

IronClad Mining has announced a further $3 million capital raising to fund the development of the Wilcherry Hill iron ore project in South Australia.

Alcoa joint venture partner Alumina has rejected claims that the carbon tax is the main factor behind the stalled expansion of the Wagerup alumina refinery in Western Australia, saying th

Billabong shares have been placed in a trading halt amid reports it received a $A776 million takeover bid from US private equity giant TPG.

Australian oil and gas salaries are the highest in the world according to a survey compiled by Hays Oil and Gas and Oil and Gas Job Search.

Almost a third of Australia's accounting and finance firms intend hiring new staff.

BC Iron has reported a significant boost in interim net profit, on the back of a maiden operational profit from its Nullagine iron ore joint venture with Fortescue Metals Group.

Stronger than expected jobs data has helped the Australian dollar to recover ground lost over concerns some European Union countries may be willing to let Greece default on its debt.

Decmil Group has announced it will build a 200-bed rail camp for Fortescue Metals Group in a deal worth $28 million.

Westpac has painted a bleak outlook for the economy after posting a weaker than expected $1.5 billion quarterly profit.

Two consecutive rate cuts by the Reserve Bank of Australia appear to have boosted employer confidence.

Wesfarmers has bucked the job shedding trend with plans to employ more people this year at Coles and its other retail chains, after underwhelming the market with a flat first half profit result.

The Australian stockmarket opened one per cent lower in line with weakness on US markets amid continued uncertainty in Greece.

The high value of the Australian dollar has boosted the spending power of households the past decade, the Reserve Bank of Australia says.

US stocks ended in the red Wednesday amid renewed concerns that Greece was veering toward default after a debt bailout hit fresh turbulence.

Labor Leader Mark McGowan has unveiled a plan to relocate the Department of Local Government, and its 103-strong staff, to Albany if Labor wins the next state election.

Tap Oil founding managing director Paul Underwood has joined oil and gas junior Tango Petroleum in the role of executive chairman.

Argonaut executive director Michael Mulroney has made a comeback to the board of Venturex Resources, this time as managing director.

The Australian dollar rose three-quarters of a US cent following some good news that should alleviate the euro zone financial crisis.

Flinders Mines, owner of the Pilbara iron ore project in Western Australia, has received initial court approval for its $554 million takeover offer from Russia's Magnitogorsk Iron and Steel Works.

Western Australia is about to learn if it has been recommended as the site for the world's most powerful telescope, known as the Square Kilometre Array (SKA).

Shopping centre giant Westfield is upbeat about the future of retail sales in Australia despite overriding consumer caution and economic uncertainty abroad.

The Australian stock market closed slightly higher today, with financial sector stocks dragging it across the line in a late rally.

Mistakes were made but heads shouldn't roll over a prescribed burn that went wrong and destroyed 40 properties in the Margaret River region, Premier Colin Barnett says.

Bankwest has increased its interim profit to $268 million, up from $239 million the previous half-year.

Western Australia's 2011-12 grain harvest continues to extend its record-breaking run, with a truckload of wheat delivered to CBH Group's Pingrup receival site near Albany late yesterday afternoon

Online movie rental company Quickflix has announced a $2.5 million capital raising to supplement a recent $10 million equity deal with Time Warner subsidiary Home Box Office.

Coal miner Blackgold International has acquired a Chinese barge transport business in a deal worth approximately $23 million.