MelbourneNorg

CBA to buy BankWest

The Commonwealth Bank (CBA) says it will buy Perth-based BankWest. BankWest's future had been uncertain after its UK parent company HBOS had to be bailed out by the British Government.

EBay CEO embraces bold changes to spur growth

Staff cuts and new acquisitions will help eBay Inc compete in the long-term, while new incentives in its core auctions business will spur consumer shopping this holiday season, eBay's chief executive said.

Stocks to watch

Stocks to watch on the Australian stock exchange today, including BankWest and Rio Tinto.

ASIC bans all short-selling

THE Australian Securities and Investments Commission has dramatically widened its crackdown on short-selling, banning the practice across the entire sharemarket for at least a month as a "circuit breaker" to restore confidence.

Facebook gifts makes an estimated US$34 million

This article talks about the way in which a company in the US has calculated on the sales rate of digital gifts offered by Facebook and how much revenue it achieves through this consumer product.

Billions lost as shares plunge

AUSTRALIAN shares have been hammered at the start of trade this morning after the doom and gloom on Wall St continued overnight.

Federal Reserve rescues AIG in $85-billion plan

In the largest single financial intervention in the US's history the Federal Reserve will loan insurance giant American International Group Inc. $85 billion to finance the company's liquidation over the next two years.

Fairfax Classified Ads Fall as Much as 40%

Classified advertising at some of Fairfax Media Ltd.'s largest metropolitan newspapers in Australia has declined by as much as 40 percent this year, the Australian newspaper said, citing a report from broker Goldman Sachs JBWere.

Crikey launches blogging network

Private Media Partners, the company behind Australia’s leading political subscription email service Crikey has soft launched the Crikey blog network.

Don't bank on more cuts, says RBA

THE Reserve Bank has signalled that its latest interest rate cut - the first in seven years - could be a one-off as a plummeting Australian dollar injects new uncertainty into the economy.

Invest in your favorite bands

A new business model allows fans to invest financially in their favorite bands beyond simply buying CDs. As well as the CD, investors will be credited in the liner notes, get priority for event tickets, and receive a share of profits.

Fairfax Media to cut 550 jobs

Fairfax Media will axe 550 staff in Australia and New Zealand, or about 5% of the company's total, as part of a plan to bolster profitability.

Qantas CFO Peter Gregg resigns

Seek profit gains 37%

Online employment agency Seek Ltd has lifted full year ...

Fears rise that Australia's resources boom ending

Fears are growing that the commodities boom is ending a...