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Business news headlines - updated every hour.

More than an air of mystery?
US RETAIL banking giant Wells Fargo has been causing a stir at Melbourne Airport, with at least three company jets landing in town last week.

How nine perished in fire
IT was the street of despair and the house of hell.

Car buyers back in the market
THE number of vehicles sold in Australia rose 17.1 per cent in February as buyers returned to the market.

Back to normal transmission
SPENDING rose pretty much across the board in the Australian economy in the December quarter - powering the economy back to a 'normal' growth rate.

Tax law an ass: judge
THE furore over the proceeds of the $2.4 billion Myer float erupted again yesterday.

TV-tractor tie-up tick
INVESTORS are now seeing that Kerry Stokes' proposed marriage of his TVs and his tractors is a win-win for both sets of shareholders.

Resources lead stock market higher
THE Australian share market closed higher today, supported by a buoyant resources sector and solid economic data.

World envies Australia, says Swan
UPDATE 3.53pm: AUSTRALIA'S economic growth made us the envy of the developed world, according to Treasurer Wayne Swan.

Full head of steam
AUSTRALIA has produced another dazzling set of economic growth figures, vindicating this week's interest rate rise.

Qantas loses numbers man
QANTAS came under new pressure yesterday with the appointment of a former executive to head Virgin Blue and the sudden departure of its finance chief.

'How to read the way ahead'
THERE are a number of traps for the interest rate outlook in yesterday's essentially unremarkable Reserve Bank increase.

NBN fiasco worse than insulation
THE Rudd Government's crazy pursuit of a national broadband network and its associated attack on Telstra is getting extremely disturbing.

Rio pushes price talks
RIO TINTO boss Tom Albanese has warned that relations between the world's iron ore miners and buyers risk becoming "unmanageable".

Westpac, NAB follow suit on rates
UPDATE 3.46pm: ALL four of Australia's biggest banks have raised interest rate on home loans by 25 basis points.

Market flat ahead of rates decision
THE Australian share market closed higher today as traders reacted to the Reserve Bank decision on interest rates.

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