Woolworths shares dive to all-time low after warning of 'marked' downturn

Woolworths had a day to forget yesterday, when it posted a profit warning, revealed dire recent trading, and tore up plans to sell its £200m stake in DVD publisher 2 entertain.

Red Wings reward Babcock for winning Stanley Cup (AP)

AP - Mike Babcock's new contract allows the oldest of his three children to graduate from the same high school she's attending. And if all goes well with the Detroit Red Wings over the next three years, Babcock's younger two kids likely will get the same opportunity.

Woolworths may plunge into a retail bucket

If Steve Johnson wondered what he had let himself in for by agreeing to be the new chief executive of Woolworths, it was laid bare yesterday. According to one City analyst, he has no choice but to rip up the group's tried-and-tested model and become a bucket shop.

BHP Billiton says Chinese demand lifts profits to record $15.4bn$

The world’s largest mining company, BHP Billiton, unveiled a record $15.4 billion profit this morning, fuelled by high commodity prices and continued strong demand from China.$

BHP Billiton reports record annual profit

BHP Billiton Ltd., the world's largest mining company, has reported a record annual profit and says it expects demand for commodities to remain strong.

BHP Billiton reports record annual profit (AP)

AP - BHP Billiton Ltd., the world's largest mining company, has reported a record annual profit and says it expects demand for commodities to remain strong.