THE NEWS WRAP: Rudd returns to Australia as business calls for quick end to leadership fight


Business leaders have attacked the continued Labor leadership turmoil, as Kevin Rudd returned to Australia ahead of an anticipated challenge.


Senior business figures including Sir Rod Eddington have called for a speedy end to the leadership spill, claiming that it is damaging business confidence.


This morning, Kevin Rudd returned to Australia from the US and is now expected to challenge Julia Gillard for the prime ministership on Monday.



Aussie bosses rate themselves as honest: Report


Australian bosses believe that they are good managers and honest, but don’t rate themselves as innovators, according to a new report.


The Australian Institute of Management survey of 252 organisations found that bosses scored themselves highly on financial management and managing external relationships, but don’t see themselves as global thinkers. 



Apple wins Chinese iPad ruling


Apple has won the right to continue to sell the iPad tablet in Shanghai after a Chinese court overruled a ban on the device.


Chinese firm Proview claimed that it had a trademark on the iPad brand in Shanghai, while Apple insists that it gained worldwide rights for the iPad name in 2009. 





The Dow Jones industrial average was up 42.65 points, or 0.33%, to 12,981.32. The Australian dollar was up to 106.84 US cents.