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Bank of QLD announces $130 million profit

Bank of Queensland has posted a 40 per cent increase in net profit to $129.8 million for full year 2007, saying it's well positioned for strong growth. - Brisbane Times more(The Brisbane Times)

• Bank of Queensland earnings rise 22 per cent to $106m(Sydney Morning Herald)

Standby for the shock and ore

WHAT happens when small to middling iron ore companies in the remote wilds of Western Australia get into a hostile takeover wrangle? The only answer at this stage is that you hold on and try to enjoy the ride. more(Sydney Morning Herald)

• Iron ore miners fight for port(The Age)
• Murchison makes hostile bid for rival(Sydney Morning Herald)
• Midwest soars on $1b Murchison bid(Sydney Morning Herald)
• Murchison offers $1bn for Midwest(The Age)

Rates alarm as unemployment hits 33-year low

Australia's jobless rate dropped to a fresh 33-year low, keeping alive speculation that interest rates might have to be lifted again to restrain inflation. more(Sydney Morning Herald)

• Home loans plummet as housing moves out of reach(The Age)
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Boeing delays won't hit earnings: Qantas

Qantas says a delay in the delivery of its Boeing 787 Dreamliner aircraft will not materially affect its operations. more(Sydney Morning Herald)

• Dreamliner delay won't hurt earnings: Qantas(The Brisbane Times)
• Boeing Delays Deliveries of 787(New York Times)
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Market bounces back to record high

Australian share market hits intraday highs again with BHP Billiton and Rio Tinto pushing the bourse higher. more(The Age)

• US markets fall on Boeing, profit concerns(Sydney Morning Herald)
• Stocks open lower on weaker Wall St(The Age)
• Market hits fresh highs at noon(Sydney Morning Herald)
• Shares hit another high(The Age)
• US markets close at a record high(Sydney Morning Herald)
• Market makes up ground at midday(The Age)
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Eating roo could cut gas emissions

'Skippy' could soon be on the menu for the climate change-conscious if they take note of a report showing a switch from beef to kangaroo could help cut greenhouse gases. more(The Age)