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Babcock shares in trading halt

Babcock shares in trading haltBABCOCK & Brown shares will go into a trading halt as the investment firm waits for a complete response from its lenders to its capital restructure proposal.

Bendigo, Macquarie in $52m deal

Bendigo, Macquarie in $52m dealBENDIGO and Adelaide Bank have bought the Macquarie Group's margin lending portfolio for $52 million.

Intel warns of big slump in revenues

Intel warns of big slump in revenuesTHE economic slump will take a big bite out of quarterly revenues for Intel, the world's biggest computer chip maker, the company said.

'Drought-tolerant crops ready by 2010'

'Drought-tolerant crops ready by 2010'AGRICHEMICAL giant Monsanto hailed a significant step in creating a drought-tolerant corn to be available as early as 2010, in a move decried as 'misleading'' by a public health watchdog.

Time Warner in $35m write-down

Time Warner in $35m write-downUS media-entertainment giant Time Warner said on overnight it would take a writedown of $US25 billion ($A34.56 billion) to reflect declining values of its AOL Internet unit along with cable and publishing operations.

Late loan payments hit a record high

Late loan payments hit a record highLate payments on consumer loans in last year’s third quarter hit the highest level since record-keeping began in 1980, the American Bankers Association (ABA) said Wednesday.

Floodwater closing I-5 at Centralia

Floodwater closing I-5 at CentraliaOLYMPIA, Wash. (AP) -- Transportation Secretary Paula Hammond expects floodwaters will close Interstate 5 at Centralia....

Bad economic news helps stocks end day worse

Bad economic news helps stocks end day worseA warning from tech giant Intel about poor business conditions and more evidence of rising unemployment left stocks with their biggest losses in a month Wednesday.

GM to sell historic fleet to raise cash

GM to sell historic fleet to raise cashCASH-strapped General Motors is auctioning off more than 200 of its historic and most unique cars, including a Cadillac made for Pope John Paul II and a presidential limousine replica used in several films.

Business Update: Gloomy jobs view

Business Update: Gloomy jobs viewJan 7 - Americans received a harsh look at their labor market as a private report showed job losses of around 670,000 in December.

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