Top business news

Yahoo snaps up shopping website Polyvore
Continuing its acquisition spree of tech start-ups, Yahoo has clinched a deal to buy Silicon Valley-based social shopping website Polyvore.
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Perth housing and unit prices slump
Perth's median house price has fallen by $20,000 in the June quarter while regional WA has experienced a similar downward trend.
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EU to probe FedEx/TNT Express merger
The European Commission is investigating whether the proposed acquisition of TNT Express by FedEx Corporation is in line with EU merger regulation.
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UPS buying Coyote Logistics
UPS expects to save up to $US150 million a year in operating costs with its purchase of Coyote Logistics.
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ExxonMobil earnings dive
Lower oil prices have driven down second-quarter earnings for ExxonMobil.
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EU inflation, jobless rates unchanged
The latest figures show only modest growth in the eurozone where inflation and jobless results have been relatively flat.
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Rex cuts profit guidance
Falling passenger numbers has forced Regional Express to lower its profit forecast.
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Uber takes GST battle to Federal Court
Uber plans to challenge the ATO's stance on requiring all of the company's drivers to pay GST in the Federal Court.
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Petrol prices set to fall in coming months
Australian petrol prices will fall over the remainder of 2015 and into 2016, Westpac says.
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Falling costs boost 2Q profits for IAG
Falling costs and lower fuel bills have boosted the second-quarter profits of the International Airlines Group by 28 per cent to 358 million euros.
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