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Qantas acquires WA charter operator

Qantas Airways Ltd (ASX: QAN) says it will move into the Western Australian fly-in-fly-out (FIFO) resources air charter market, with agreement reached for the airline to purchase local operator Network Aviation.

Virgin Blue sponsors Gold Coast Suns

Virgin Blue Group of Airlines has signed on as joint major sponsor of the Gold Coast Suns for 2011, three weeks after the airline group was named as the official airline and partner of the Australian Football League's (AFL) from next year.

Telecom bill to split Telstra passes Senate

Australia's Senate passed legislation on Friday to force dominant phone company Telstra Corp (ASX: TLS) to separate its wholesale and retail arms. This 'paves the way' for the Canberra's planned $36 billion national broadband network.
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QR National debut earns $4.6 B for Queensland

Australia's largest coal hauler and transporter QR National stabilised at $2.55 per share at its mid-day introductory debut at the Australian stock exchange and so far raised some $4.6 billion for the Queensland government.

Humanis to acquire ResCo in $15 million deal

Recruitment company Humanis Group Ltd (ASX: HUM) today announced it has entered into a binding Heads of Agreement (HOA) with resource industry service provider ResCo Services Pty Ltd in which Humanis will acquire ResCo for $13.4 million through the issue of Humanis shares at $0.01 per share.

AFL dumps Qantas for Virgin Blue

Virgin Blue scored a goal as the official airline of the Australian Football League (AFL) after the latter dumped Qantas on an $8 million-a-year contract.

Australia's Brambles plans to expand to US, EU

Australia's logistics and supply chain management solutions provider Brambles (ASX: BXB) has announced its bid to acquire IFCO Systems NV for $US1.255 million ($1.27 million) to expand the company's supply chain business in the US and Europe.

Krispy Kreme closes down 21 stores in Australia

Krispy Kreme Australia will close down 21 stores across the country (15 stores in NSW, five in Victoria and one in Queensland) as part of restructuring efforts to meet financial obligations.

Qantas reschedules after A380 grounding

Qantas today confirmed an updated schedule for its international network to ensure minimum disruption to passengers following the grounding of its Airbus A380 fleet.

ANZ lifts rates; Westpac, NAB to follow ?

Two of Australia's major banks, Westpac Banking Corporation and the National Australia Bank (NAB) are seen following its two competitors in implementing higher interest rates after government authorities tighten up on exit fees.

Port of Brisbane sold for $2.3B

The Industry Funds Management and the Queensland Investment Corporation has acquired the Port of Brisbane for $2.3 billion, reports said.

AWB Ltd underpeforms, profits below expectations

Australia's biggest wheat producer AWB Limited (ASX: AWB) has posted a net loss of more than $55 million for fiscal year 2010 as the drought affected the quality of the grains produced and the nearing merger with the Canadian firm Agrium Ltd (TSX and NYSE: AGU).

How the best approach in customer service works

Strativity Group, a leading provider of customer experience services, today announced it has opened an office in Sydney to support growing interest from Australian and New Zealand organisations in adopting customer-centric approaches and proactively managing their customer experiences.

Xstrata magnifies offer to Sphere Minerals

Mining firm Xstrata Plc has increased its offer price for iron ore developer Perth-based Sphere Minerals Ltd (SPH.AU) to $3 a share and declared the offer best and estimated at $514 million.

Westpact posts hefty profits, mulls rates

Westpac Banking Corp.'s second-half earnings hit a high of $3.47 billion ($3.47 billion) in the six months ending Sept. 30, as against the $1.27 billion a year earlier.

Network Ten restructures Board, Chairman roles

Network Ten (TEN.AU), has announced that it would restructure the composition of its Board of Directors as concerns of competitive disruptions arose recently with the entrance of James Packer and possible co-investor Mr. Lachlan Murdoch into the company.

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