to finance, RUPERT MURDOCH'S NEWS CORPORATION HAS POSTED A 14 PER CENT INCREASE IN REVENUE FOR THE THIRD QUARTER.

IT'S MADE A NET PROFIT OF 2-POINT-8-5-BILLION US DOLLARS IN THE THREE MONTHS TO THE END OF MARCH.

MUCH OF THE RISE REFLECTS GROWTH IN THE CABLE NETWORK, FILM AND ENTERTAIMENT SEGMENTS.

THAT'S HELPED OFFSET BIG LOSSES IN THE PUBLISHING DIVISION.

BUSINESS GROUPS SAY THE COALITION NEEDS TO WIND BACK ITS PAID PARENTAL LEAVE SCHEME.

THE CHAMBER OF COMMERCE AND INDUSTRY HAS SURVEYED 17-HUNDRED BUSINESSES TO GAUGE THEIR THOUGHTS BEFORE THE SEPTEMBER ELECTION.

MORE THAN HALF OF THOSE SURVEYED SAY THE SCHEME - FUNDED BY A LEVY ON BIG BUSINESS - IS TOO GENEROUS.

THE LATEST UNEMPLOYMENT FIGURES ARE DUE OUT TODAY.

MOST ECONOMISTS BELIEVE THE JOBLESS RATE WILL REMAIN STEADY FOR APRIL.

IT'S CURRENTLY AT FIVE-POINT-SIX PER CENT.

BUT AN EASING IN THE MINING SECTOR AND ONGOING WEAKNESS IN CONSTRUCTION AND MANUFACTURING MAY PUSH MORE PEOPLE OUT OF WORK.

TO THE MARKETS...

THE MAJOR U.S. INDICIES HAVE AGAIN FINISHED HIGHER, WITH THE DOW CONTINUING TO CLIMB TO NEW HEIGHTS.

AND IN LONDON OVERNIGHT, THE FOOTSIE ALSO ROSE.

TO COMMODITY PRICES -

WEST TEXAS CRUDE IS TRADING AT 96 U-S DOLLARS A BARREL.

TAPIS CRUDE IS TRADING AT 109 U-S DOLLARS A BARREL.

AND GOLD IS WORTH 14-HUNDRED AND 74 U-S DOLLARS AN OUNCE.

THE AUSTRALIAN DOLLAR IS BUYING 102 U-S CENTS, 77 EURO CENTS AND 65 PENCE STERLING.

 

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