Top business news

Berlin vows to maintain pressure on Greece
FEB 13, 2012
German economy minister says Greece has taken a step in the right direction, but there is still a long way to go.
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Samsung Heavy wins $2.5bn Australia order
FEB 13, 2012
A new Australian gas facility, expected to be ready by the end of 2015, will be the world's largest offshore plant.
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Obama's budget headed to Congress
FEB 13, 2012
Obama budget seeks to achieve $4 trillion in deficit reduction over the next decade through cuts in government spending and higher taxes on the wealthy.
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10,000 banking jobs to go by 2014: FSU
FEB 13, 2012
ANZ Bank will axe 1000 jobs in 2012 amid union fears 10,000 jobs could disappear from the banking sector while banks raise interest rates.
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ANZ, BEN, CBA, NAB
Rate rises, jobs losses spark anger
FEB 13, 2012
Other banks have raised their mortgage rates, following the ANZ's lead, which also announced that it is cutting 1000 jobs.
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Camera-maker Olympus posts nine-month loss
FEB 13, 2012
In its first full-year forecast since news of its investment scandal broke, Olympus says it is expecting a net loss of Y32 billion ($A399.85 million).
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WestSide fields takeover bid
FEB 13, 2012
Coal seam gas producer WestSide Corp has advised shareholders to take no action regarding a $165 million non-binding takeover bid.
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FMG secures option to mine Iron Valley
FEB 13, 2012
Miner Fortescue Metals Group has inked an agreement for an option to mine Iron Ore Holdings' Iron Valley project in Western Australia's Pilbara region.
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ALSO MENTIONS
FMG
Trading in Bathurst shares halted
FEB 13, 2012
Coal miner Bathurst hopes for hearings in September and says the New Zealand environment court is giving appeal "an appropriate level of urgency".
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ASX
DJs director Stephen Goddard to retire
FEB 13, 2012
Department store David Jones says Stephen Goddard will retire as finance director and Brad Soller appointed CFO
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DJS, LLC
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