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Facebook gifts makes an estimated US$34 million

This article talks about the way in which a company in the US has calculated on the sales rate of digital gifts offered by Facebook and how much revenue it achieves through this consumer product.

Billions lost as shares plunge

AUSTRALIAN shares have been hammered at the start of trade this morning after the doom and gloom on Wall St continued overnight.

Australian banks safe from global turmoil: Tanner

Federal Finance Minister Lindsay Tanner says Australians do not have to worry about banks or other financial institutions failing as a result of the global financial crisis.

Federal Reserve rescues AIG in $85-billion plan

In the largest single financial intervention in the US's history the Federal Reserve will loan insurance giant American International Group Inc. $85 billion to finance the company's liquidation over the next two years.

West Australian uranium plays

With the whip-hand held by the Nationals, WA mining execs will have mixed feelings about this power-to-the-people caper. On the one hand, gone is the mob that opposed uranium mining and was notorious for slow mining and lease approval processes.

Fairfax Classified Ads Fall as Much as 40%

Classified advertising at some of Fairfax Media Ltd.'s largest metropolitan newspapers in Australia has declined by as much as 40 percent this year, the Australian newspaper said, citing a report from broker Goldman Sachs JBWere.

Crikey launches blogging network

Private Media Partners, the company behind Australia’s leading political subscription email service Crikey has soft launched the Crikey blog network.

Don't bank on more cuts, says RBA

THE Reserve Bank has signalled that its latest interest rate cut - the first in seven years - could be a one-off as a plummeting Australian dollar injects new uncertainty into the economy.

Invest in your favorite bands

A new business model allows fans to invest financially in their favorite bands beyond simply buying CDs. As well as the CD, investors will be credited in the liner notes, get priority for event tickets, and receive a share of profits.

Fairfax Media to cut 550 jobs

Fairfax Media will axe 550 staff in Australia and New Zealand, or about 5% of the company's total, as part of a plan to bolster profitability.

Qantas CFO Peter Gregg resigns

Seek profit gains 37%

Online employment agency Seek Ltd has lifted full year ...

Fears rise that Australia's resources boom ending

Fears are growing that the commodities boom is ending a...

Car jobs at risk

More car jobs are expected to be lost after a Federal Government-commissioned report on the industry recommended import tariffs be halved by 2010, ignoring the pleas of the nation's auto makers to delay the move.

Dollar firms despite rate cut talk

HE Australian dollar was firmer at noon as an improvement in key commodity prices helped the currency recover from a choppy morning session.