OIL prices streaked into new record territory for the second straight day today, boosted by a decline in US energy reserves and as the weakening dollar drew investments in commodities.

RIO TINTO has left open the possibility of a tie-up with BHP Billiton in the iron ore region of Western Australia if the world's third largest miner fends off the $160 billion hostile takeover by its larger rival.

SPECULATION is mounting that QBE or an offshore player is building a strategic stake in takeover target Insurance Australia Group.

US stocks vaulted higher overnight after blue chip stocks reported earnings that reassured investors worried over a weak economy.

FOR an entrepreneur with a passion for basketball who was selling his own team, Eddy Groves was surprisingly upbeat yesterday.

WOOLWORTHS has tightened its retail grip by boosting to almost 31 per cent its market share of the $70 billion supermarket sector.

THE Federal Government and its regulators have refused to assure victims of collapsed stockbroker Opes Prime that their superannuation is safe.

VICTORIA'S Sentencing Advisory Council has recommended sweeping changes to court penalties in a bid to eventually have suspended jail sentences wiped from the law books.

TWO men have been arrested over a shooting in Melbourne's northwest last week that left a man wounded.

TWO men have been charged with attempted murder after a woman was stabbed in her home in Brisbane's south.

THE Queensland Government has halted the release of new poker machines as part of sweeping plans to reduce problem gambling across the state.

A MAN and woman have been charged with robbing a man in a wheelchair in Brisbane.

A 16-YEAR-OLD boy and two men have been charged after police discovered drugs and a gun at a house north of Brisbane.

POLICE are appealing for help to catch a man who sexually assaulted a 16-year-old girl in Brisbane's north.

Double FIM Women’s World Cup winner and new Van Beers Yamaha rider Katherine Prumm will attempt to make a small piece of history in three weeks time when she strives to become the first female to q...

HIGHER food prices and a growing market share helped Woolworths keep to its full year forecast for a 10 per cent increase in sales.

UP to a third of the South Australian communities that front the ailing Murray River might not make it through the drought, the state's water security minister, Karlene Maywald, has warned.

A GOLDILOCKS burglar who snoozed in a bed and sampled food during a spate of break-ins has been jailed for at least three years.

WORKS from the estate of the late Australian artist Pro Hart have sold for more than $2.5m in Melbourne.

Parents frustrated by inaction on bullying They confront daughter's tormentor and punch her repeatedly Prosecutor says couple should have gone to police