Japan & #39;s Sanyo plans to cut up to 1,000 jobs to revamp its struggling businesses before being bought by Panasonic Corporation, a press report said on Tuesday.

Some calm returned to the Australian stock market in December 2008.

International travellers are flying in greater numbers than ever before, new figures reveal.

Minerals Corporation has begun production of a new cement binder product that it says will slash the amount of carbon emitted in the cement making process.

Shares in oil and gas producer Petsec Energy jumped on news it has sold its interest in the Humphreys gas field in the United States.

A South Australian winemaker has admitted it may have misled consumers in a free beer sales promotion offered last year.

Mining giant Rio Tinto has resumed all of its iron ore operations in Western Australia & #39;s Pilbara region after suspending some activities for almost a fortnight.

Diamond miner and phosphate explorer Bonaparte Diamond Mines is a step closer to developing the world & #39;s first underwater phosphate mine.

Merger and acquisition activity will get off to a sluggish start in 2009, a law firm says.

Australian-incorporated Australia and New Zealand Banking Group has been registered as a bank in New Zealand, the NZ Reserve Bank says.

Business confidence is at record lows as the global financial crisis deals a blow to sales and profitability, a new survey shows.

OM Holdings Ltd & #39;s largest shareholder, Consolidated Minerals, has declined to douse speculation that it is planning a takeover for the fellow manganese miner.

Britain & #39;s clothing-to-food retailer Marks & Spencer is set to axe more than 1,000 jobs, The Times has reported.

Sales of new cars and trucks fell 3.6 per cent in Australia in 2008 but the industry has still posted its second best year on record.

Shares in Australia & #39;s biggest construction company Leighton Holdings Ltd plunged almost 10 per cent after it cut its profit forecast amid asset write downs.

A gauge of Australia & #39;s services industry posted a slight increase but activity shrank, albeit at a slower pace, for the ninth consecutive month in December.

The value of trading on the New Zealand sharemarket in 2008 was 18 per cent down on 2007 to & #36;NZ28 billion ( & #36;A23.02 billion), figures from operator NZX show.

White Energy Company & #39;s US subsidiary has signed an agreement to develop a coal upgrading facility to increase energy efficiency and lower emissions.

Australian farmers have been dealt another blow with an Asian clothing giant joining the growing global boycott of Australian wool.

The cash-strapped New York Times has for the first time opened its editorial holy of holies, the front page, to advertising.