Top business news

IAG to review its UK business
MAY 17, 2012
Insurance Australia Group has begun a strategic review of its business in the UK, possibly paving the way for its sale.
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IAG
CBA posts $1.7b quarterly profit
MAY 17, 2012
Commonwealth Bank made a net profit of $1.7 billion for the three months to the end of March, but says its funding costs continue to rise.
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CBA
Mining laws being drafted in Haiti: new PM
MAY 17, 2012
Haiti is an emerging mining location and the new government of Laurent Lamothe says legislation is being drafted for the industry.
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Greece should stay in euro: Draghi
MAY 17, 2012
The European Central Bank wants Greece to stay in the euro.
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Commodities markets summary
MAY 17, 2012
Commodities news from around the world
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EDT, LME, PFG, NOC, RIO, BHP
Samsung on top as mobile phone sales dip: survey
MAY 17, 2012
Mobile phone sales worldwide suffered a rare dip in the first three months of this year on softened demand in Asian markets, industry tracker Gartner reported Wednesday.
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US shoe firm gets kicked for butt claims
MAY 17, 2012
US shoemaker Skechers is to pay $40 million to settle claims that it deceived consumers by suggesting its sports shoes could help tone their butts and lose weight, officials said Wednesday.
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Australian market preview
MAY 17, 2012
A preview of the Australian sharemarket.
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FMG, RIO, WES, ANN, ALZ, BHP
Facebook investors to cash out more shares
MAY 17, 2012
Facebook will add 84 million shares to its offering.
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Aust CFO's expect growth, report says
MAY 17, 2012
Australian businesses purse strings are staying tightly held despite some optimism about economic growth prospects for the year ahead, a survey says.
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