Tag: Company News
Tas Govt under fire over planned TOTE sale
The Opposition has described the State Government's decision to sell TOTE Tasmania as stupid and desperate.[MORE]
Police gave protesters' names to Gunns
Tasmanian police have revealed they supplied the timber company Gunns with the names of 13 protesters who shut down a woodchip mill at Triubunna last month.[MORE]
Commonwealth Bank rejects Storm Financial's legal claims
The Commonwealth Bank has rejected claims by Storm Financial that the Federal Court has found the bank has a case to answer.[MORE]
Storm Financial accuses Commonwealth Bank of deception
Storm Financial says it intends to take the Commonwealth Bank to trial.[MORE]
Time Warner to take $US25b writedown
US media-entertainment giant Time Warner says it will take a writedown of $US25 billion ($34.56 billion) to reflect declining values of its AOL Internet unit along with cable and publishing operations.[MORE]
Company plans to sell central Qld mine
Mining company Anglo Coal Australia is planning to sell its coal seam gas interests in the Dawson area in central Queensland. [MORE]
Creditors of failed mine may get money
There is a prospect that the unsecured creditors of troubled central Victorian mining company GBGM Operations will be returned all of their money.[MORE]
Fertiliser-maker to use Cockle Creek site for another year
Fertiliser manufacturer Incitec Pivot (IP) will continue to use its Cockle Creek site for at least another year despite announcing the early closure of the factory.[MORE]
Premier says Vic Alcoa jobs are safe
Alcoa workers at Geelong and Portland are being assured their jobs are secure.[MORE]
Alcoa to cut 13,500 jobs worldwide
US-based aluminium giant Alcoa says it will slash some 13,500 jobs, or 13 per cent or its global workforce, and reduce output to cope with the global economic downturn.[MORE]
Sanyo to cut 1,000 jobs
Japanese electronics giant Sanyo has announced plans to slash 1,000 jobs.[MORE]
UK retail giant Marks and Spencer to slash jobs
One of the UK's biggest retailers, Marks and Spencer, is set to slash its workforce as the recession takes hold.[MORE]
Gunns welcomes go-ahead, critics expect protests
The timber company Gunns has issued a statement saying it is pleased Acting Prime Minister Julia Gillard has confirmed it can start building its northern Tasmanian pulp mill immediately.[MORE]
Porsche buys controlling stake in VW
The German luxury sport scar maker Porsche has taken over Volkswagen, the biggest European car maker, by purchasing more than 50 per cent of its shares, Porsche announced.[MORE]
Market ends higher after widespread gains
The Australian share market enjoyed a boost in Tuesday's trade with significant gains recorded in the finance, resources and telecommunications sectors.[MORE]
Finance, resource sectors drive market higher
Strong gains in the finance and resources sectors throughout the afternoon have pushed the Australian share market higher.[MORE]
Grange Resources finalises Chinese-backed merger
Mining company Grange Resources is one step closer to establishing an iron-ore mine near Albany in Western Australia after its $1 billion merger with a Chinese-backed company was finalised.[MORE]
Mazda board to take 20pc pay cut
Figures released by Japan's Automobile Dealers Association show car sales slumped by more than 6 per cent last year, falling to their lowest level since the aftermath of the first oil shock in the early 1970s. [MORE]
Waterford Wedgewood calls in receivers
After more than 250 years of trading, the china and crystal maker Waterford Wedgwood says it has called in receivers after failing to buy more time from creditors. [MORE]
Market ends lower after retreating from early gains
The Australian share market continued to retreat from today's early gains, finishing down at the close of trade.[MORE]
Japanese ABC Learning affiliate to close down
A Japanese education provider with ties to the failed childcare operator ABC Learning says it will shut its doors later this week.[MORE]
Two WA ABC Learning centres officially shut down
Two ABC Learning centres in the Western Australia's South-west and Great Southern have officially been consolidated into neighbouring centres.[MORE]
Mount Gibson shareholders approve rescue package
Shareholders in iron ore miner Mount Gibson have approved a multi-million dollar rights issue aimed at raising money to develop the company's mid-west and Kimberley projects.[MORE]
ABC Learning saga an industry cry for help: LHMU
The LHMU says the crisis that plagued embattled ABC Learning shows the industry can no longer be ignored by policymakers.[MORE]
Oz Minerals granted debt extension
Oz Minerals says banks have agreed to extend its $816 million debt repayment until late February.[MORE]
