BUSINESS

CSL to Buy Back A$900m Shares

After finalizing some fresh debt from banks and U.S. private investors, CSL Limited, the world's second biggest blood products maker, said it plans to buy back A$900 million of its shares.

Virgin Australia Boosts Capacity amid Qantas Strike

Virgin Australia announced on Wednesday it would provide additional capacity over the coming months to meet market requirements and to minimize the impact of ongoing Qantas industrial action on the Australian travel and tourism industry.
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Australian Stock Market Report – Midday 10/19/2011

The Australian sharemarket is gaining for the second time this week, with the All Ordinaries index up 0.8 pct or 34.5 pts to 4284.00. Almost all sectors are up with the exception of the gold space which is tracking lower due to weaker gold prices overnight.

Material Matters: Support For Oil And Tin, Correction For Iron Ore Prices

- JP Morgan revises oil price expectations- Solid fundamentals to support tin prices- China under-reporting steel production- Iron ore price correction underwayBy Chris ShawWhile the global economic outlook worsens and even with Libya expected to make a rapid return to oil production, JP Morgan cont...

Love On A Beach

- Beach Energy has announced shale reserves of 300tcf in the Cooper- Broker interest is piqued, but not obsessive- Prices, costs, technology and the long timeframe are all hurdlesBy Greg PeelThree hundred trillion cubic feet.

Rio Tinto Lets Go of $8B Aluminum Group

Following a strategic review, Rio Tinto said 13 assets will be divested at an appropriate point in the future, and some of these will be managed separately in the meantime.

Bus Drivers Agree to Lift Ban, State Transit Says Buses are ‘Safe’

The bus drivers union agreed on Tuesday night to an Industrial Relations Commission order to lift a ban on gas-powered buses in Sydney. The explosion of a gas-powered bus prompted public bus drivers to raise their protest by refusing to get on the road, resulting in huge inconvenience among Sydney passengers at peak hour Tuesday.

Australian Stock Market Report - Closing - 10/18/2011

AFTERNOON REPORT (4.30pm AEDT)Local stocks managed to erase all of yesterday's gains during Tuesday's session, with fear and caution again at the forefront of investors' minds. Overnight, sentiment wasn't helped by negative commentary from Germany's Finance Minister who warned it was unrealistic to expect a definitive solution to the European debt crisis at this weekend's European Union summit.

iPhone 4s: Top Five Customer Complaints

Apple's new iPhone 4s has reportedly sold over 4 million units three days after its launch but that record-breaking figure doesn't mean that everyone is enjoying Apple's latest smartphone. Although early reviews have been positive there have been several notable problems with the iPhone 4s. Here's a brief rundown on the top five iPhone 4s issues.

Carbon Dioxide Capture System Receives Funding Boost

Ground breaking new technology for the capture of carbon dioxide from power stations will be tested by Process Group at Hazelwood Power Station following a grant from Brown Coal Innovation Australia (BCIA).

Data Centre Development to Deliver 250 Jobs to Western Sydney

Global provider of data centre solutions Digital Realty Trust announced today that the two data center developments it is building in Western Sydney are expected to have a positive economic impact on the region, estimated at almost a quarter billion dollars.

Australian Wheat Reserves May Surpass Record

Australia's wheat inventories may surge to between 8 million and 10 million metric tonnes by Sept. 30 from as much as 7.3 million tonnes a year ago as coal-mining companies' fight for rail capacity led to transport bottlenecks in the eastern states.

Telstra Shareholders Pass $11B NBN Deal

Shareholders of Telstra have agreed and voted in favor of the $11 billion deal with the Australian government, allowing Telstra's fixed-line dominance be used by the NBN Company.

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