Electrical and refrigeration company Hastie Group will take a $20 million hit to its full year profit after discovering "deliberate" irregularities in its financial accounts.
The Australian share market treaded water amid continuing uncertainty over a possible Greek exit from the euro zone and disappointing Chinese manufacturing data.
IFS Construction Services is facing its second boardroom battle in two years, after former managing director Scott Williams teamed up with Perth business executives including Justin Walawski and Gr
US stocks have closed mixed, with a late rally paring losses prompted by increased fears of a Greek euro exit and disappointing earnings from computer maker Dell.
Balcatta construction company Oostveen Pty Ltd, which previously traded as Niche Construction WA and Niche Developments, has been placed into external administration.
Australian stocks tumbled on fresh fears about a possible Greek exit from the euro zone, with all local stock sectors weaker and the Australian dollar touching a six-month low.
US stocks have given up early gains and finished mostly flat as investors dump Facebook shares for a second straight day amid new controversy about the company's $US16 billion IPO.
Goldfields Credit Union has made its debut Australian Securities Exchange as Goldfields Money, after raising $9 million through an initial public offering.
US shares have racked up strong gains with the Nasdaq adding nearly 2.5 per cent helped by an Apple surge, but Facebook shares flipped below their IPO price on their first full day of trading.
Australian stocks closed higher, driven by a rebound in resource and finance stocks, as world leaders reaffirmed they wanted beleaguered Greece to remain in the euro zone.
A dull debut for Facebook, one of the most heavily anticipated public offerings in years, crowned another down week for United States markets as eurozone instability kept fear levels high among inv
The Australian share market has fallen sharply to close as its lowest level for six months as investors took fright over the latest developments in the troubled euro zone.
Australian stocks have sunk to their lowest level this year as investors begin to panic over the crisis in Europe after reports of a run on Spanish banks.
US stocks have closed with losses well above one per cent as negative news continued from Europe, with Greece's woes deepening and Spain falling into recession.
Greece's exit from the euro zone would not have the same impact on the world as the events that led to the global financial crisis (GFC), the head of Commonwealth Bank says.
