Last Top Stories: Rare double from mother nature lights up Tasmania's skies and waters

Rare double from mother nature lights up Tasmania's skies and waters

On their own, the neon-blue patches lighting up the night waters of the River Derwent in Tasmania would usually be a show stopper. But mother nature has put on a rare double, with a light show taking place in the water complemented by the Aurora ... >> view original

Bioluminescence lights up Tasmanian shoreline, creates beautiful photos - WABC

Tasmania's River Derwent lit up bright blue on Sunday night, May 17, thanks to an influx of billions of single-celled marine organisms called dinoflagellates that glow in the dark. The phenomenon, known as bioluminescence, occurred in various parts of ... >> view original

Cadbury Hobart chocolate factory to shed 80 jobs

Cadbury's decision to shed 80 jobs at its Hobart factory is disappointing but about making the company more efficient, Prime Minister Tony Abbott says. ... “Tasmania already has one of the worst unemployment rates of any state in Australia. This will ... >> view original

Banking stocks sell-off deepens

The heavy sell-off in bank shares has deepened — led by Westpac's dive into “bear market” territory — wiping off billions of dollars of shareholder value as the four-year yield trade wanes and investors brace for stricter capital rules. At the close of trade ... >> view original

Tabcorp settles ATO dispute for $130m

Tabcorp has won a 130 million dollar windfall, after resolving a 20 year old dispute with the Australian Tax Office. The dispute involved a $600 million payment from Tabcorp to the Victorian Government when the TAB was privatised back in 1994. Tabcorp will ... >> view original

'I have nothing to hide': Lisa Scaffidi probe into BHP Beijing Olympics gift

Scaffidi under scrutiny over BHP's largesse. Perth mayor Lisa Scaffidi says she has "nothing to hide" from an expense-paid trip to the Beijing Olympics from BHP Billiton, which is now the subject of an investigation by West Australia's Crime and Corruption ... >> view original

Markets Live: Rally rolls on

10:01am: Forget Chanel, Louis Vuitton and Prada. The new Chinese luxury item may well be an address in Point Piper, the exclusive suburb in Sydney's east. At a median price of just over $9 million, the wealthiest suburb in Australia has attracted not just ... >> view original

InvoCare withdraws CEO termination package

Funeral homes and cemeteries operator InvoCare has withdrawn a proposed termination benefits package for former chief executive Andrew Smith following concerns by some larger shareholders. Mr Smith, who spent more than six years as chief executive ... >> view original

AFG shares slip in disappointing ASX debut

Shares in mortgage broker Australian Finance Group slipped below their issue price on the company's ASX debut today, in a worrying signal for a heavy pipeline of upcoming public floats. The stock (AFG) opened at $1.19, but settled lower at $1.185 a share. >> view original

Miners dismiss claims of 'shock and ore' lobbying operation as fiction

Tony Abbott caved in due to 'plane loads' of lobbyists: Andrew Forrest. Rio Tinto and BHP Billiton have pushed back at claims by billionaire Andrew Forrest and Senator Nick Xenophon that they "monstered" the government out of holding a touted inquiry into ... >> view original