Top business news

Car production races ahead by 12%
APR 24, 2014
New figures show car production is surging, driven by European demand.
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Facebook 1Q results soar; CFO to step down
APR 24, 2014
Facebook earnings have almost tripled with an 82 per cent boost in advertising revenue - beating forecasts for the fourth quarter in a row.
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Whitehaven cuts coal guidance
APR 24, 2014
Whitehaven Coal has reduced production guidance by up to 900,000 tonnes due to problems at its mines.
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Transurban expands into Qld for $7b
APR 24, 2014
Toll roads owner Transurban has agreed to buy Queensland Motorways, the owner of several Brisbane toll roads, for slightly more than $7 billion.
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Zynga founder Pincus leaving his role
APR 24, 2014
Zynga's Mark Pincus is stepping down as chief product officer but will remain as chairman of the company he founded in 2007.
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ResMed investors wake up to its potential on quarterly results
APR 24, 2014
Dual-listed ResMed Inc. (CHESS) (ASX: RMD) (NYSE: RSMD) jumped more than 3% higher in early trade this morning after it announced record revenue for the quarter ended March 31, 2014.
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Moody's cuts Cuba rating
APR 24, 2014
Ratings agency Moody's has cut Cuba's credit rating a notch citing its vulnerability to a shock increase in fuel costs and its rocky political transition.
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New Heathrow Terminal 2 set for opening
APR 24, 2014
The new Heathrow Terminal 2 should be pleasant and desired destination thanks to its use of natural light, its lead architect Luis Vidal says.
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ERM Power wins $1b government contracts
APR 24, 2014
Business-focused electricity provider ERM Power has secured $1 billion worth of contracts with the NSW and federal governments.
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ResMed lifts 3rd quarter earnings
APR 24, 2014
ResMed has defied flat sales growth from its core US business to lift its third quarter earnings by six per cent.
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