Shares in Whitehaven Coal (ASX:WHC) have soared to a record high on the likelihood of being the target of a $3 billion takeover bid from US firms.
Sharon Olalia
Aug 10, 2010
The Queensland state government said today it is discussing with a group of coal firms a raised bid for its coal rail network but has not discarded plans to float the $6.98 billion operation.
Sharon Olalia
Aug 10, 2010
Ivanhoe Australia (ASX:IVA), which is 80 per cent owned by the Robert Friedland-chaired Ivanhoe Mines, plans to raise up to $269 million for a takeover and project development in Queensland as well as to settle debt.
Sharon Olalia
Aug 10, 2010
Thin trading volumes and weak economic data saw the Australian share market ease today, with both major indices shedding 1.2pct. The All Ordinaries Index (XAO) fell 52.6pts to 4563 while the S&P/ASX 200 Index (XJO) was off 54.2pts to 4540.7.
James Kong
Aug 10, 2010
Call them strange bedfellows but Blackfeather Ltd and AdultShop.com (ASC), both firms catering to adult entertainment needs, are set to collaborate on a steamy deal as ASC announced on Tuesday that it is taking over Blackfeather’s Stiletto brothel operation.
Erik Pineda
Aug 10, 2010
IT consultancy firm Oakton Ltd (ASX: OKN) reported on Tuesday that it saw a 42 percent spike on its full-year profit as the company recuperates from the debilitating effects of the worldwide economic downturn.
Erik Pineda
Aug 10, 2010
Business confidence has continued weakening, while trading conditions also deteriorated in July, according to National Australia Bank's (ASX: NAB) monthly business survey.
Sharon Olalia
Aug 10, 2010
CBS reports that Miss Universe 2010 constestants completed their photoshoot by the pool in Las Vegas. During their free time, some candidates took stance on various political and global issues
Lawrence Villamar
Aug 10, 2010
The World Trade Organization (WTO) ordered the Australian government to revise its stringent restrictions on imported New Zealand apples, arguing that the measures were inconsistent with scientific evidence.
Erik Pineda
Aug 10, 2010
Australian shares were lower at midday, extending losses through the morning in quiet conditions.
Sharon Olalia
Aug 10, 2010
NAB economists were surprised to see business confidence fall in July given the MRRT resolution and are concerned by a fall in new orders.
Admin System
Aug 10, 2010
Overall market activity is heating up for spot uranium, or so it seems. This has an impact on pricing too.
Admin System
Aug 10, 2010
Business executives foresee sales and profits improvement in the three months to December, according to the Dun & Bradstreet final business survey released on Tuesday.
Sharon Olalia
Aug 10, 2010
Cochlear (ASX:COH), maker of the world's best-selling hearing implant, has recorded a 19 per cent increase in annual net profit.
Sharon Olalia
Aug 10, 2010
Alumina Ltd (ASX: AWC) announced a profit windfall on Tuesday as it netted a total of $US44.2 million in the six months leading to June 30, as against the measly $US4 million it posted in the previous corresponding period.
Erik Pineda
Aug 10, 2010
Japanese firm Honda Motors Ltd announced on Monday that it will recall some 427,000 vehicles across the United States and Canada due to faulty ignition locking device that allows the removal of the key, even in a non-parking position.
Erik Pineda
Aug 10, 2010
Software management specialist Reckon Ltd (ASX: RKN) announced on Tuesday that the company’s first half net profit for the current year soared by 44 percent to $8.85 million, coming from the $6.15 million it netted on the previous corresponding year.
Erik Pineda
Aug 10, 2010
Melbourne-based National Australia Bank (ASX:NAB) today announced it had posted $1.1 billion cash earnings in the three months to June, a 22 per cent increase on its profit from the same period last year.
Sharon Olalia
Aug 10, 2010
To better serve its three geographical divisions’ operational structure, QBE Insurance Group Ltd (ASX: QBE) said on Monday that it is implementing management shake up for the company’s major executives.
Erik Pineda
Aug 10, 2010
U.S. stocks rose Monday following encouraging sales results from McDonald's and as technology companies Cisco Systems and International Business Machines benefited from rival Hewlett-Packard's moment of weakness.
James Kong
Aug 10, 2010
The US Conference Board employment trends index rose from 96.7 to 97.0 in July.
James Kong
Aug 10, 2010
The AUD has opened slightly weaker this morning currently trading at USD 0.9160 as many investors square up some positions before the Federal Reserve's meeting tonight.
James Kong
Aug 10, 2010
A larger than forecast 3.9% decline in Australian home loans during June and disappointing ANZ job advertisements data halted the progress of the Aussie dollar in Asia yesterday as it entered offshore exchange relatively unchanged from the weeks open at 0.9185.
James Kong
Aug 10, 2010
Wall Street was eagerly anticipating QE2 last night, on minimal volume. Dow up 45.
Admin System
Aug 10, 2010
We got updates from two completely different parts of the economy yesterday with very, very contrasting pictures reveale...
Admin System
Aug 10, 2010
The June housing finance figures were just terrible.Unlike the huge rise in jobs and job ads, the number of housing fina...
Admin System
Aug 10, 2010
Even the high performing consumer electronics retailer and discounter JB HI Fi couldn't avoid the second half slowdown ...
Admin System
Aug 10, 2010
Even the high performing consumer electronics retailer and discounter JB HI Fi couldn't avoid the second half slowdown ...
Admin System
Aug 10, 2010
Even the high performing consumer electronics retailer and discounter JB HI Fi couldn't avoid the second half slowdown ...
Admin System
Aug 10, 2010
Ignore the reports that the Bendigo and Adelaide Bank has reported a 189.5% increase in full-year net profit.While on on...
Admin System
Aug 10, 2010
