COMPANIES

Newcrest hails Q4 output, downgrades 2011 projection

Gold miner Newcrest Mining Ltd sent out its financial report on Tuesday, with varying results, where the company outlined its record production for the December quarter and its decision to nudge back a bit the firm’s full year gold production guidance.

Australia slowly emerges as prime market for online retail

Australia is fast-gaining a reputation as a global hub for online shopping, with no less than US giant internet retailer eBay reportedly alluding to the Aussie market as a viable and standout business consideration for web retailers.
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Virgin Blue launches AFL-branded aircraft

Virgin Blue Group of Airlines launched on Monday an AFL-branded 737 plane to mark the beginning of its official partnership with the Australian Football League (AFL).

Apple announce App store downloads reaches 10 billion

Apple has announced that download from its iconic App store breached 10 billion apps by the more than 160 million iPhone, iPod touch and iPad users across the globe. The 10 billionth app downloaded, Paper Glider, was purchased by Gail Davis of Orpington, Kent, UK. As the winner of the App Store Countdown to 10 Billion Apps, Gail Davis will receive a $10,000 iTunes Gift Card.

Melbourne and Sydney airports up passenger and revenue in 2010

Australia’s two major airports on Thursday reported spikes on the number of passengers traveling through Melbourne and Sydney in 2010, with both terminal managements attributing the rise to record influx of Chinese and other Asian visitors flocking into the two Aussie cities.

Kathmandu shares surge on bigger margins

Outdoor clothing and equipment company Kathmandu Holdings Ltd says its performance for the six months to January 31 is expected to be significantly ahead of the same period last year.

Queensland floods slash Wesfarmers coal output

Retailer and coal miner Wesfarmers Ltd (ASX: WES) expects flooding in Queensland state to significantly reduce output at its Curragh coal mine until the March quarter, the company said on Wednesday.

Leighton's Thiess secures $1.3bn mining contract

Construction giant Leighton Holdings Ltd (ASX: LEI) says its subsidiary Thiess Pty Ltd has been awarded a six-year $1.3 billion contract to extend mining operations at Peabody Energy Australia’s Burton Coal Mine in Queensland’s resource rich Bowen Basin.

Equinox completes $1.25B takeover of Citadel

Equinox Minerals Ltd (ASX:EQN) says it has successfully completed its $1.25 billion friendly takeover of Citadel Resource Group Ltd (ASX:CGG), which owns a copper mine in Saudi Arabia.

Fortescue's iron ore production up 9pct

Fortescue Metals (ASX: FMG), Australia's third-biggest iron ore miner, says ore shipments jumped 9 percent in the December quarter from a year earlier as it continues with its expansion plans in Australia.

Nufarm to fight legal actions on guidance

Agrichemicals company Nufarm Ltd (ASX:NUF) says it will fight legal proceedings vigorously after law firm Slater & Gordon Ltd (ASX:SGH) filed class action proceedings against it.

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