Ellerston sells down Tabcorp stake

The Packer family's investment vehicle, Ellerston, has sliced its stake it gaming outfit Tabcorp with the sale of 7.7m shares.
Construction has taken a tumble, as the mining investment slowdown and government belt-tightening take a toll.
Regional airline Rex has told shareholders passenger numbers have stopped declining and fuel prices have remained low.

Santos GLNG to start 2H15

Santos says its massive Queensland LNG project will start up in the second half of 2015 , adding that it's confident energy prices will rebound.
Shares in Mount Gibson Iron have been placed in a trading halt as the company faces more delays in repairs at a pit in the Kimberley.

Cabcharge urges govt to rein in Uber

The chairman of taxi payments operator Cabcharge wants governments to take action against ride-sharing service Uber, claiming it is unsafe.

Iron ore prices hit five-year low

Iron ore prices have hit a fresh five-year low, putting further pressure on miners, with the share price of smaller players falling sharply.
Blackberry is offering iPhone users in Canada and the United States up to $US400 cash back plus a $US150 gift card to trade in for a Blackberry.
America's Home Depot is facting dozens of lawsuits related to a massive, months-long breach of data that was revealed in September.
The US Securities and Exchange Commission won't confirm it is investigating Petrobras, but has subpoenaed documents from the Brazil state oil giant.

Apple market value hits $US700bn

Apple has become the first company with a market value of $US700 billion, well ahead of Exxon Mobil at $US403 billion and Microsoft at $US394 billion.
The official interest rate can be cut lower than its current record low if the need arises, the Reserve Bank deputy governor says.
Regulations to cool investor activity in the housing market will have little impact, prominent economists say.

RBA study probes risky loans

An RBA-backed study has pinpointed factors for default on home loans.

Next rate move down: economist

Low interest rates have, so far, failed to spark an economic recovery through a more active housing sector, says economist Guy Bruten.
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