BUSINESS

Senetas Corporation, known for its information technology services, was unsuccessful in renewing a contract from Telstra Corporation. However, the company is optimistic the revenue loss will not affect its financial year.

Sigma announced it has entered into a confidentiality agreement with Aspen Pharmacare Holdings Ltd, providing access to the company's due diligence information.

The Australian Securities Exchange privately questions Virgin Blue after it revealed its shocking profit downgrade in less than a month.

Healthscope announced it has received two additional indicative and non-binding proposals to acquire all of the company's issued capital for cash consideration by scheme of arrangement at a price of $5.80 per share.

The $7.7 billion Gladstone liquefied natural gas (GLNG) project of Santos and Petronas in Queensland is expected to create a huge number of jobs for the region.

Local unions are angry towards Premier Anna Bligh for pushing for a sell-off of State Government assets, which includes the Queensland Rail's coal network.

Queensland Premier Anna Blight told media on Monday that direct air travel from Brisbane and China will strengthen the tourism industry for both countries.

Hundreds of childcare centres formerly operated by the collapsed ABC Learning group will be turned over to non-profit consortium today.

Asian equities extended their global rallies that help buoyed the Australian and New Zealand dollars. At the close of Friday's trading session, the Australian dollar was poised for its first five-day advance in more than a month and the New Zealand dollar appears to gain for the first time in three weeks.

Air New Zealand will be enabling its new Boeing 777-300 aircraft with mobile phone and data capability, with the first aircraft due for delivery in November this year.

Suncorp confirmed today that it has finalised pricing of its Apollo Series 2010-1 residential mortgage-backed securities (RMBS) issue from $500 million to $1 billion, in response to investor demand.

The Australian Workers Union is thoroughly concerned on the possible effects of the Federal Government's proposed resources super profits tax on Whyalla's OneSteel operations.

A report by the Melbourne Institute has indicated that economic trends for May pointed to less optimistic economic outlook for the Australian economy as creeping wariness on the effects of the European debt crisis started shrouding economic growth expectations.

The proposed Pulp Mill is currently the center of debates and discussions once again after the resignation of Gunn's chairman was announced on Thursday.

Former Queensland Premier Peter Beattie announced on Friday it will seek an early retirement by July as the state's Trade Commissioner to the Americas.

Santos and Petronas' multibillion-dollar Gladstone Liquefied Natural Gas (GLNG) project received its environmental approval from the Queensland government, following review of the project's Environmental Impact Statement (EIS) by the Queensland Coordinator-General.

A timber industry analyst explained on Friday that a possibility for Gunns to improve its corporate image following the resignation of its chairman John Gray is very high.

Virgin Blue announced that it has lowered its market guidance for financial year 2010 to around 25 per cent due to deteriorating domestic and international markets.

Australian weapon company Electro Optics Systems Holdings (EOS) announced it has signed an exclusive agreement with Northrop Grumman to bid for a $4 billion contract with the United States Army for vehicle-mounted remote weapons systems.

BHP chief executive Marius Kloppers attacked the panel's consultation appointed by Treasurer Wayne Swan on Friday for refusing to disclose the design or key elements of the prosed resource super profits tax.

Mining giant BHP Billiton announced it has confirmed formation of a joint venture with a subsidiary of PT Adaro Energy TBK for its Indonesian Coal Project (ICP) following the completion of government approvals.

Building company James Hardie disclosed its full-year loss of $93.6 million yesterday, stating the loss was due to the tough US housing market. However, the group is optimistic of long-term growth and better conditions in the Asia-Pacific market.

Apple contractor Foxconn has started instituting precautionary and even bizarre measures to protect its workers and business in the aftermath of reported nine suicides this year at the company’s giant facility in southern China.

A new United Nations (UN) report published on Wednesday said that the world economy is poised to recover from last year’s crunch with up to three percent growth this year and 3.2 percent improvement by next year, while warning at the same time that only a solid recovery could recoup job losses and fill the production backlog created by the deep recession.

Mobil Oil Australia Pty Ltd has signed an agreement with 7-Eleven Australia for the sale of its retail fuels business, comprising 295 company-owned or leased stations that are primarily located in metropolitan areas in east Australia.

The State Government of Queensland reported on Thursday that it pushes through its regionalization plan where first home buyers will receive a $4, 000 boost and government agencies may be relocated.

Grains handler and marketer GrainCorp Ltd posted a $53 million half year profit from $32 million last year and will pay an interim dividend of $0.15 per share.

The Supreme Court of Queensland has ordered the Bank of Queensland to reveal documents pertaining to its lending practices in two branches while seeking legal action on the collapsed Storm Financial.

Different groups have mixed reactions when it was declared that the federal Government may possibly give a compromise on its proposed new resources profits tax.