MACQUARIE Leisure Trust Group has posted a substantial slump in profit despite opening a new theme park and strong performances in each of its divisions.

A plan by Telstra’s major rivals to build their own national fibre to the node (FTTN) broadband network appears to be moving
at a glacial pace.

Communications Minister Senator Helen Coonan has again warned that Telstra must not jeopardise CDMA coverage to customers in regional and rural areas as the telco prepares to switch off the network in favour of its third generation mobile network.

QBE Insurance Group has raised $406 million through a share placement and will use the funds to pay for recent acquisitions.

HARVEY Norman has boosted its first-half earnings by more than one-third.

LOCAL stocks plunged 3.5 per cent in early trade after a Wall Street plummeted overnight and analysts expected the plunge to deepen as anxiety grows over China’s economy.

THE stock market has made a slight recovery after plunging more than 3 per cent at the opening on global reaction to massive sell-offs in China and the US.

THE stock market had recouped some losses by the end of trade today following a plunge of 3.5 per cent at the open after a free fall on Wall Street overnight.

For Western Australia’s DVG Automotive Group, the ability to move phone calls over a data network was just the beginning of a VoIP project that’s on track to pay for itself in as little as seven months.