The Age – Business News
Australian shares are lower after US and European markets dipped on disappointing economics data.
Gambling firm Tatts has lifted its first half profit by 11 per cent and says it is encouraged by the outlook for the rest of the financial year.
Prime Minister Julia Gillard says she will end the Labor Party leadership speculation by calling a leadership ballot on Monday.
Fairfax Media has reported a first-half net profit of $96.7 million as the company battles a weak advertising market.
An astronaut attempting to visit recently discovered planet GJ1214b would land in hot water - literally, US scientists say.
Newspaper publisher and TV station owner Media General says it is exploring the sale of its newspaper operations, which produce nearly half its revenue.
Consolidated Media's net profit declined in the first half amid a very challenging retail environment and general economic uncertainty.
Consolidated Media Holdings says retail conditions remain challenging and subdued consumer spending had continued in the half.
Company wants royalty payments reviewed.
Tatts Holding is confident of solid earnings in the second half after producing an 11 per cent rise in first half net profit to $166.88m.





