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Shares higher as banks, miners gain

higher on a firm lead from Wall Street and despite mixed opening performances by major financial and resources stocks. The benchmark S&P/ASX200 index had climbed 6.2 points, or 0.13 per cent, to 4,756.7 points, while the broader All Ordinaries index

Ottawa goes after stock option loophole that allows double deduction

options held by employees are worth anything. "Part of that pay out is based on how valuable the stocks are," he said. Ottawa estimated that roughly 78,500 individuals claimed a stock option deduction in 2007 with the lion's share by those making more

Data suggests a recovering job market

The reading was the highest since December 2007. An employment component in the index also rose. U.S. stocks rose on the data, while U.S. Treasury bonds eased. The dollar was down against the euro as Greece pledged money in pay cuts and tax increases to