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Swiss drug-maker Roche's profit drops 7%

Swiss drug-maker Roche has posted a 7 per cent drop in its net profit from a year ago.

Newcrest takes another billion dollar hit

Newcrest has warned it faces a hit of between $1.5b and $2.5b after reviewing the value of its mining assets.

Macquarie upbeat despite weak quarter

Macquarie Group has recorded a weak first quarter but is sticking with its full year profit guidance.

1300 jobs lost from failed discount chain

More Crazy Clark's and Sam's Warehouse stores will close in August, taking job losses from the company's collapse to more than 1,300.

Atlas Iron cuts costs, factors in discount

Atlas Iron is cutting costs as it factors in discounts of up to 10pct while moving to improve productivity amid a slide in iron ore prices.

IAG benefits from fewer disasters

Lower-than-expected natural peril claims have boosted Insurance Australia Group's financial performance.

Bitcoin miner hails results

ASX-listed Digital CC says bitcoin mining is yielding exceptional results, and the bitcoin system is going from strength to strength.

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Breaking finance news

GM profit skids on recall costs

NEW YORK, July 24 AFP 00:21AM General Motors has posted a sharp drop in second-quarter profit as it took heavy charges for safety recalls and a compensation fund for victims of faulty ignition switches.

Hyundai Q2 profit hit by strong won

SEOUL, July 24 AFP 00:30AM South Korea's largest car maker, Hyundai Motor Co, says its second-quarter net profit slumped 6.9 per cent from a year earlier, mainly due to a stronger won.

US stocks rise after China, Europe data

NEW YORK, July 24 AFP 00:01AM US stocks have opened higher following improved economic data in China and Europe and another round of generally good corporate earnings reports, especially from thriving Facebook.