Qantas full-year profit up 44%

Qantas has increased its full year profit by 44.1 per cent but says it is starting to feel the effect of higher fuel costs amid an uncertain economic outlook.

News Corporation’s first-quarter profits down 30% after drop in television advertising revenue

News Corporation, parent company of The Times, reported a 30 per cent drop in first-quarter profits, as falling revenues from television advertising and declining film studio sales hit the bottom line.

Transurban toll revenue jumps

Toll road operator Transurban has reported an increase in annual revenue from tolls and fees on its roads in Australia and the United States, helped by higher traffic volumes and toll increases.

Qantas, British Airways say no merger as talks end

British Airways PLC and Qantas Airways Ltd. called off their merger talks Thursday after failing to agree on the terms of a potential deal. The move left the British airline free to pursue other agreements with European carriers as the industry braces for a significant slowdown.

Santos revenue up with lower production

Oil and gas producer Santos has reported a lift in revenue despite a drop in half year production due to the suspension of gas processing on Varanus Island.

Palm swings to 4th-quarter loss from year-ago profit as revenue tumbles, missing expectations

Treo and Centro smart phone maker Palm Inc. said Thursday it swung to a loss in its fiscal fourth quarter as its revenue declined sharply and fell below Wall Street expectations.