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Business news: most popular articles

 Ross Greenwood: Woolies' credit card masterstrokeWesfarmers has much to learn from Woolworths before it can turn around the fortunes at its retailer, Coles
 ANZ to cut fixed home loan ratesANZ Banking Group Ltd will lower its fixed home loan rates and residential investment loans rates by between 30 basis points and 50 basis points.
 Toyota cuts 2009 global sales forecastToyota Motor Corp has slashed its 2009 global sales target due to slowing demand, pushing back plans to sell more than 10 million vehicles in a year.
 Manganese miner OM hits record profitManganese miner OM Holdings has exceeded its first half earnings guidance with a record result, driven by high prices for the metal.
 US STOCKS-Futures point to higher open after GDP dataAMP Ltd has reported a fall in first half earnings after the wealth manager and insurer battled volatile financial market conditions.
 Aussie stocks rise 1.1 pct; Paladin gainsAuthorities in the US, Europe and Japan drew up an emergency plan in March to rescue the plunging dollar if the currency went into freefall, a report said.
 ANZ launches $500m convertible share offerTransport and logistics group Toll Holdings says the outlook for earnings is strong, with trading so far this financial year well ahead of the prior year.
 Manchester Unity backs HCF takeover bidThe board of Manchester Unity Australia has thrown its unanimous support behind a $256 million cash offer by Australia's third largest health insurer, HCF.
 Gunns still pursuing Tasmania pulp millForestry company Gunns Ltd says it continues to pursue financing and a joint venture equity partner for its controversial pulp mill project in Tasmania.
 Fears of contracting economy allayedStrong investment spending and the prospect of more to come has allayed fears the economy contracted in the June quarter, economists say.
Market Indices 29 August,2008
29/08/2008 07:01 Sydney, Australia.
Index Value Change
All Ordinaries 5143.3 +0.0
S&P/ASX 200 5066.5 +0.0
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Market Indices29 August,2008
29/08/2008 07:02 Sydney, Australia.
US Value Change
Dow Jones 11715.18 +212.67
NASDAQ 2411.64 +29.18
UK
FTSE 100? 5601.2 +73.1
Japan
Nikkei 225 12768.25 +15.29
Nikkei 300 249.68 -0.72
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$A Prices29 August,2008
29/08/2008 07:01 Sydney, Australia.
Currency Value Change
USD 0.8617 +0.48%
GBP 0.4707 +0.68%
EUR 0.5863 +0.60%
JPY 94.35 +0.44%
CAD 0.9061 +0.88%
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 Aerosmith singer's daughter 'fed drugs at eight'The daughter of Aerosmith lead singer Steven Tyler has told how she was fed cannabis seeds when she was eight years old.
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