COMPANIES

RiverCity fears dead end for Clem7 next year

Toll operator RiverCity Motorway Group (ASX: RCY) reported on Thursday that the group should be able to extend its current cash holdings through September next year to keep Brisbane’s Clem7 tunnel operating until that time.
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Virgin Blue's systems back on track

Australia's second biggest airline Virgin Blue has announced that its reservation and check-in systems are now back in business after another technical glitch occurred early this morning.
Christine Gaylican Sep 29, 2010

Telstra to maintain dividend

The country's largest telecommunications company assured its investors of the same dividend payment in the 2010 financial year.
Admin System Sep 29, 2010

XStrata's parent firm Glencore taps bond market for funds

Glencore International AG, the world's biggest commodities trader, and part owner of Australian mining firm XStrata Plc has contracted HSBC Holdings Plc, JPMorgan Chase & Co. and Standard Chartered Plc as its lead underwriters bond offering in succeeding months.
Christine Gaylican Sep 28, 2010

Nufarm confident of profits amidst low sales

Australian farm chemicals manufacturer Nufarm (NUF.AX) is still confident it can record higher profits after its sales performance hit new lows in its key subsidiaries.
Christine Gaylican Sep 28, 2010

Commodities futures market still strong, viable

The commodities futures market has shown a strong, steady performance despite the existing global market volatilities, which analysts said were still part of the crisis aftershocks.
Christine Gaylican Sep 28, 2010

ASX confirms merger discussions but denies imminent deal

The Australian Securities Exchange (ASX) admitted on Tuesday that it was entertaining the possibility of merger with smaller exchange groups and talks were indeed being conducted leading to that eventuality.
Erik Pineda Sep 28, 2010

WorkSafe orders Esso to check pipelines after series of leaks in Victoria

WorkSafe Victoria said on Tuesday that it has issued directives for Esso Australia to check on the alleged corrosion problems at its Longford oil and gas facilities following the occurrence of the series of oil and gas leaks in August this year and November last year.
Erik Pineda Sep 28, 2010

Virgin Galactic: Branson makes space travel his next frontier

His entrepreneurial spirit will not be put down easily, not by a technical glitch or by any other trouble at hand. Billionaire Richard Branson launched his latest space tourism project amidst a flight technical glitch that grounded his airline company Virgin Blue.
Christine Gaylican Sep 28, 2010

David Jones upbeat on growth through 2016, affirms 2011 earnings guidance

High-end retailer David Jones Ltd (ASX: DJS) said on Tuesday that it is right on track to achieve its 2010/11 profit guidance though it admitted that in order to reach the higher range of its earnings forecast, the company must experience a full swing recovery for the whole of the fiscal year.
Erik Pineda Sep 28, 2010

All natural label ripped off from ice cream

The Center for Science in the Public Interest (CSPI) and ice cream company Ben and Jerry settled for dropping the phrase 'all natural' from all product labels.
Admin System Sep 28, 2010

NAB takes lead in credit card overhaul

The National Australia Bank (ASX: NAB) took the first step in preparing for the strict government rulings on credit card use by cutting a range of credit card fees.
Admin System Sep 28, 2010

Australian Greens sounds grave alarm on Whyalla rare earths processing in SA

The Australian Greens party voiced out its concerns on Monday that the South Australian government may be rushing too much on the proposed rare earths processing plant in Whyalla following the state’s move of giving major project status to the planned $1 billion rare earths facility by Arafura Resources Ltd (ASX: ARU).
Erik Pineda Sep 27, 2010

NAB adapts new credit card repayment system to reduce clients costs

Major changes will soon be felt in the credit card payment system of the National Australia Bank Ltd (ASX: NAB) as the giant bank announced on Monday that a new scheme is set to take effect that seeks for the settlement of high interests first prior to payment of lower interest items.
Erik Pineda Sep 27, 2010

Defence counsels want David Jones witnesses’ names to stay confidential

Lawyers handling the $37 million sexual harassment case against luxury retailer David Jones Ltd and its former chief executive Mark McInnes requested the Federal Court on Monday that the names of a number of witnesses for the case remain protected by confidentiality.
Erik Pineda Sep 27, 2010

Wesfarmers ramps us Bunnings store expansions in NSW

Eighteen more Bunnings stores are set to be established in all of New South Wales over the next three years as the Wesfarmers Ltd (ASX: WES) hardware subsidiary announced on Monday that up to $600 million would be earmarked for its planned expansion in the state.
Erik Pineda Sep 27, 2010

QR offices stay in Queensland

Treasurer Andrew Fraser has ensured the corporate office of Queensland Rail (QR) to remain in Queensland.
Admin System Sep 27, 2010

Metgasco partners with LNG, explores export options for gas yields

Gas producers Liquefied Natural Gas Ltd (ASX: LNG) and Metgasco Ltd (ASX: MEL) said on Monday that they have struck a deal to collaborate on the possibility of producing liquefied natural gas (LNG) from regular gas LNG’s Gladstone project in Queensland.
Erik Pineda Sep 27, 2010

Kathmandu Holdings Ltd reverses shares slack

Kathmandu Holdings Ltd., a clothing and outdoor equipment retailer listed in theAustralian and New Zealand Stock Exchanges (ASX/NSX:KMD) has reversed a slack in its shares performance and recorded an uptick of 1cent to NZ$1.78 as at the 5 p.m. market close in Wellington today and a 1.84 percent hike to A$1.385 earnings per share in Sydney.
Christine Gaylican Sep 24, 2010

Wesfarmers Ltd reports 2.8% hike in profits in FY2010

Australia's second largest retail holdings firm Wesfarmers Ltd.reported a net profit after tax of $1,565 million for the full-year ended 30 June 2010. This was an increase of 2.8 percent compared to last year.
Christine Gaylican Sep 24, 2010

ACCC case costs Cabcharge $15m

Taxi fare payment company Cabcharge Australia Ltd (ASX: CAB) will pay $15 million in penalties and costs related to legal action taken against it by the consumer watchdog.
Sharon Olalia Sep 24, 2010

LNG says Gladstone gas project to prosper despite glitches with partners

Natural gas producer Liquefied Natural Gas Ltd (ASX: LNG) is unfazed by the delays that plague its Fisherman’s Landing project at Gladstone, saying that the company enjoys the same amount of confidence it felt during the initial stage of the Queensland gas exploration.
Erik Pineda Sep 24, 2010

CFS Retail acquires 4 DFOs in Sydney and Melbourne

Real estate investment firm CFS Retail Property Trust (ASX: CFX) said on Friday that it has sealed a deal with Austexx Proprietary Ltd to purchase its four direct factory outlet (DFO) centres for $498 million.
Erik Pineda Sep 24, 2010

Leighton acquires another $800M Chevron contract

Leighton Contractors has been awarded a contract by Chevron Australia to deliver the civil and underground works package for the Gorgon Project valued at more than $800 million, the company said in an issued statement today.
Christine Gaylican Sep 23, 2010

Global M&As seen improving

The wave of mergers and acquisitions (M&A) is beginning to improve as the financial reforms have begun to take shape in the last six months.
Christine Gaylican Sep 23, 2010

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