Medical devices group Resmed has just missed analyst expectations for its March quarter earnings, with chief executive Mick Farrell describing conditions in the key US market as particularly challenging.
Paul Ramsay, the billionaire founder of private hospital operator Ramsay Health Care, has been admitted to hospital in Europe in a serious condition.
Apple Inc has approved another $US30 billion ($32 billion) in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors.The company also approved a roughly 8 per cent increase in its quarterly dividend to $US3.29 per share.
Not long ago, a cereal called Holy Crap might have been the punch line of a joke. Or it might have been banned. Few would have expected annual sales to grow to $US5.5 million ($5.93 million) in four years.
The Reserve Bank of New Zealand has raised the official cash rate for the second time this year, forging ahead with a policy tightening cycle.
Local stocks are poised to open higher despite a neutral lead from Wall Street.
Facebook said Chief Financial Officer David Ebersman is leaving as sales and profit blew past analysts' estimates. Ebersman is stepping down later this year, to be succeeded by David Wehner, who joined from Zynga in 2012, the California-based company said today in a statement.
US stocks declined, halting the Standard & Poor's 500 Index's longest winning streak since September, after disappointing earnings reports from AT&T Inc. and Amgen Inc. and an unexpected drop in home sales.The S&P 500 fell 0.2 per cent to 1,875.39 at 4pm. in New York. .
Shares in Australian pharmaceutical firm QRxPharma have plummeted 80 per cent in a major shareholder revolt after the company failed to win regulatory approval for its painkiller drug MoxDuo to be released in the US.
The debris found on a beach in Western Australia's South West is not connected to missing Malaysia Airlines ...