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Business news headlines - updated every hour.

More than an air of mystery?
US RETAIL banking giant Wells Fargo has been causing a stir at Melbourne Airport, with at least three company jets landing in town last week.

Resources lead stock market higher
THE Australian share market closed higher today, supported by a buoyant resources sector and solid economic data.

Tax law an ass: judge
THE furore over the proceeds of the $2.4 billion Myer float erupted again yesterday.

World envies Australia, says Swan
UPDATE 3.53pm: AUSTRALIA'S economic growth made us the envy of the developed world, according to Treasurer Wayne Swan.

Back to normal transmission
SPENDING rose pretty much across the board in the Australian economy in the December quarter - powering the economy back to a 'normal' growth rate.

How nine perished in fire
IT was the street of despair and the house of hell.

Full head of steam
AUSTRALIA has produced another dazzling set of economic growth figures, vindicating this week's interest rate rise.

Car buyers back in the market
THE number of vehicles sold in Australia rose 17.1 per cent in February as buyers returned to the market.

TV-tractor tie-up tick
INVESTORS are now seeing that Kerry Stokes' proposed marriage of his TVs and his tractors is a win-win for both sets of shareholders.

Commodity exports boost
EXPORT earnings from Australia's commodities are tipped to rise 15 per cent next financial year.

NBN fiasco worse than insulation
THE Rudd Government's crazy pursuit of a national broadband network and its associated attack on Telstra is getting extremely disturbing.

Stock at rock bottom
TELSTRA shares have hit an all-time low as the company reopens a long-running dispute over the planned national broadband network.

Market flat ahead of rates decision
THE Australian share market closed higher today as traders reacted to the Reserve Bank decision on interest rates.

Rio pushes price talks
RIO TINTO boss Tom Albanese has warned that relations between the world's iron ore miners and buyers risk becoming "unmanageable".

'How to read the way ahead'
THERE are a number of traps for the interest rate outlook in yesterday's essentially unremarkable Reserve Bank increase.

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