The Commonwealth Bank reported a disappointing 4% gain in net profit to $2.37 billion for the December half and it triggered a rout with the Big Five plunging by between 2% and 5%, writes Stephen Mayne.
Market capitalisation
Microsoft goes Yahoo – what the Google does it mean?
The share market reaction says it all about Microsoft’s $US45 billion cash and shares offer for Yahoo, writes Glenn Dyer.
Bittersweet victory: JPMorgan overtakes Citi as second banana
It doesn’t mean that much except for bragging rights, but JPMorgan Chase has overtaken Citigroup as America’s second biggest bank by market value after its shares fell again overnight, writes Glenn Dyer.
Centro Day 3: Everything might be alright, shares soar
After predicting the sky was going to fall in on Monday with cancelled distributions and redemptions, previously undisclosed billions of short term debt and a CEO only prepared to say Centro was solvent until 15 February, today the company released this bullish update which sent its share price surging.
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The Centro collapse … the Bali Road Map … Demetriou plots the demise of North Melbourne … Maxine McKew … the intervention … David Hicks …
New ANZ boss puts a cat among the pillars policy
ANZ’s newly appointed CEO, the $9 million dollar Mike Smith, hasn’t wasted any time in blaming others for the sector’s recent troubles, writes Adam Schwab.
Meet PetroChina, the face of China’s share bubble
After it listed in Shanghai on 5 November, PetroChina became the world’s first trillion dollar company (after its shares listed at a 163 percent premium). Unfortunately, the glory didn’t last too long, writes Adam Schwab.
BHP and Rio = staggering $407 billion in equity
BHP-Billiton is now valued at more than $250 billion, based on yesterday’s record close of $44.60. In fact, this week’s 8% surge means that BHP’s market value now exceeds the combined value of our Big Four banks.
