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Malaysia Airlines to slash 6000 jobs

Malaysia Airlines will cut about 30 per cent of its current workforce of 20,000 as it comes fully under the wing of the Malaysian government.

Future uncertain for struggling Noni B

Women's fashion retailer has slumped to a $7.8 million loss amid falling sales partly caused by the impact of the federal budget.

NAB to float US subsidiary

National Australia Bank will sell a stake in its US subsidiary Great Western Bank through an initial public offering.

Transfield returns to profit

Transfield Services bounced back into the black in the past year says positive momentum is building.

Harvey Norman says recovery under way

Harvey Norman has arrested two years of sliding profit and says a strong housing market should drive further improvement in the year ahead.

Virgin sells loyalty slice as loss widens

Virgin Australia has sold of a $960 million stake in its loyalty program as it fell to a heavier annual loss.

Petbarn operator to continue expanding

Vet and pet store operator Greencross is planning to take a major share of the pet market, after a big year of expansion.

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Breaking finance news

S&P finally breaks the 2,000 mark

NEW YORK, Aug 29 AFP 08:43AM US stock markets brushed off rising tensions over Ukraine and Iraq to push through to new records, underpinned by easy money and steady growth in corporate profits.

S&P sets new record despite Ukraine fears

NEW YORK, Aug 29 AFP 07:26AM The S&P 500 closed August with another record, continuing its slow climb even as tensions pick up in Ukraine and after Britain warned of a possible terror attack.

Oil prices rise on positive US data

NEW YORK, Aug 29 AFP 06:25AM Global oil prices have risen as solid data lifted prospects for demand in the United States and tensions escalated between Ukraine and major energy producer Russia.

New S&P record despite Ukraine concerns

NEW YORK, Aug 29 AFP 06:20AM The S&P 500 has closed August with another record, continuing its slow climb even as tensions pick up in Ukraine and after Britain warned of a possible terror attack.

European stocks end week up

LONDON, Aug 29 AFP 03:22AM European stocks have ended the week higher, shrugging off the impact of simmering Ukraine tensions and a profits warning from supermarket giant Tesco.

European stocks end week higher

AAP 02:00AM Stocks Europe Close