Big retailers hammered

While local businesses Myer and David Jones have has profit slumps, international businesses have been on the rise

http://www.theage.com.au/business/big-retailers-hammered-20120321-1vkdi.html

Myer first half sales fall 17.5 per cent to $88 million

In the six months to the end of January 2012, Myer profits are down 17.5% to $88mill.

Read more: http://www.news.com.au/business/markets/myer-first-half-sales-fall-175-per-cent-to-88-million/story-e6frfm30-1226300089580#ixzz1p9KFwrDf

Austereo posts $94 million net profit despite Kyle rant

Dispite a number of key sponsors leaving Austereo after a number of issues with Kyle Sandiland, profits are up $60mill to $94 million.

Read more: http://www.news.com.au/entertainment/celebrity/austereo-profits-up-despite-kyle-sandilands-rant/story-e6frfmqi-1226284657680#ixzz1njLl1aS1

HSBC posts record $16 billion profit

HSBC, Europe's largest bank, have posted a record profit in 2011 due to growth in Asia offsetting the losses in Europe.

http://www.news.com.au/business/breaking-news/hsbc-posts-record-16-billion-profit/story-e6frfkur-1226283626853

ANZ posts $1.7 billion first-quarter net profit

After the large reduction in jobs by ANZ, they have posted a $1.7 billion profit for the quarter to December 2011. This is up $1.4 bill from the same quarter 2010.

http://www.news.com.au/business/anz-posts-17-billion-first-quarter-net-profit/story-e6frfm1i-1226273457686

Massive drop: Qantas profit falls 83 per cent

Qantas profits for the last half year of $42 million, a drop of 83% from the previous half. This is amist the ongoing strike action and the grounding of the entire fleet in late 2011.

With the significant drop in profits, confirmation of at least 500 jobs to go, but will not be sent offshore.

Read more: http://www.news.com.au/business/massive-drop-qantas-profit-falls-83pc/story-e6frfm1i-1226272490243#ixzz1mVBlSQUb

Ansell increases first-half profit by 1.1 per cent

Maker of gloves and condoms has reported that while revenue has decreased, they have been able to increase profit by 1.1%

Read more: http://www.news.com.au/business/ansell-increases-first-half-profit-by-11-per-cent/story-e6frfm1i-1226265591383#ixzz1lkZ8JVUm

BHP posts profit of almost $US10b

In the first half of 2011/2012 financial year, BHP post almost $10bn US profit, just falling short of their previous record.

http://www.smh.com.au/business/bhp-posts-profit-of-almost-us10b-20120208-1r9mo.html

Apple posts record $13.06 billion quarterly net profit

Apple posts record profits in the quarter Oct to Dec 2011

Read more: http://www.news.com.au/business/apple-posts-record-1306-billion-quarterly-net-profit/story-e6frfm1i-1226253111347#ixzz1khqxhroB

Hyundai reports record $US7.2bn profit

After the news of job losses for Toyota, Hyundai reports record profits

http://news.theage.com.au/breaking-news-business/hyundai-reports-record-us72bn-profit-20120126-1qjuq.html

McDonald's 4Q net income jumps 11 per cent

Profits increase for McDonalds over the Oct - Dec 2011 quarter, increasing for the fourth quarter in a row

Higher costs squeeze Colgate's profit

Higher costs have reduced profits over the quarter Oct to Dec have meant a decrease in profits for Colgate