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Rio Tinto's NZ smelter slashes output by 5%

Anglo-Australian Rio Tinto (ASX: RIO) said production at its New Zealand Aluminium Smelters Ltd subsidiary was being cut by about 5 percent due to high electricity prices.

ACCC approves Aspen bid for Sigma

The Australian competition watchdog has given the go-ahead to South African-based Aspen Pharmacare Holdings to buy Sigma Pharmaceuticals Ltd (ASX:SIP) pharmaceutical's division for $900 million.

Equinox declares offer for Citadel unconditional

Copper mining company Equinox Minerals Ltd (ASX: EQN) announced today that it has a relevant interest in Citadel Resource Group Ltd of 56 per cent and that its recommended takeover offer for Australia-based metals and gold mining company Citadel has been declared free of all defeating conditions.

Rio Tinto to get $2b gross proceeds from Energy America

Global miner Rio Tinto Ltd (ASX:RIO) expects the total gross proceeds for the divestment of the majority of Rio Tinto Energy America will be at least US$2.0 billion.

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ACCC approves Virgin, Air NZ alliance

The Australian Competition and Consumer Commission (ACCC) has given the go-ahead for the proposed trans-Tasman alliance between Air New Zealand (NZE:AIR) and Virgin Blue (ASX:VBA).

SITA acquires NSW govt waste firm

SITA Environmental Solutions, a joint venture between France-based Suez Environnement and Singapore's Sembcorp Industries, has acquired the NSW government's waste services firm, WSN Environmental Solutions for $235 million.

Grant Blackley now Ten Holdings' CEO

Ten Network Holdings Ltd (ASX:TEN) has appointed Grant Blackley as chief executive officer of Ten Holdings effective immediately.

Conquest approves Mt Carlton mine development

Mineral explorer Conquest Mining Ltd (ASX: CQT) has given the formal approval for the development of the Mt Carlton Project in North Queensland following the positive results achieved in the project's optimisation study.

Surge in Aussie dollar sees downgrade in Billabong's profit guidance

Weak sales and a stronger Australian dollar have led Billabong International Ltd (ASX:BBG) to cut its profit forecasts.

Telstra’s Sensis loses exclusivity rights on phone directories publication

A full bench ruling by the Federal Court affirmed an earlier judicial decision that effectively stripped Telstra Corporation-subsidiary Sensis the right to exclusively own and publish the telco’s telephone directories’ contents.

Wilmar receives OIO approval to acquire CSR's Sucrogen

CSR Ltd (ASX:CSR) Australia's biggest sugar milling company, says the Overseas Investment Office (OIO) in New Zealand has given the greenlight for the sale of its sugar division to an overseas buyer.

Rio Tinto shells out $1b on Canadian smelter upgrades

Global miner Rio Tinto Ltd (ASX: RIO) is to invest in its Canadian aluminium smelters to improve production efficiency through modernisation and expansion.

Origin acquires Integral and Country retail businesses

Origin Energy Ltd (ASX: ORG) today confirmed executing sale and purchase agreements with the NSW government to acquire the retail businesses of Integral Energy and Country Energy, and entering into GenTrader arrangements with Eraring Energy, for $3.25 billion.

Beach takes control of Impress Energy

Oil and gas explorer Beach Energy Ltd (ASX: BPT) has secured majority control of Impress Energy Limited (ASX: ITC) by lifting its relevant interest in Impress to above 50 per cent.

PanAust upgrades 2010 production guidance

PanAust Ltd (ASX:PNA) today increased its production guidance for 2010 to approximately 67,000 tones of copper at an average cash cost of less than US$0.90/lb of copper after precious metal credits, estimated from 60,000oz of gold and 500,000oz of silver in concentrate.

CommBank replays NAB computer glitch drama

Commonwealth Bank of Australia (ASX: CBA) said it is fixing the late processing of accounts, which has left some retail and business customers unable to access accounts.

Toyota orders recall of Sienna minivans sold in US market

Number one global carmaker Toyota Motors Corporation is on a recall mode anew as the Japanese firm announced on Monday that close to 100,000 units of Sienna minivans would be pulled out from American roads in January 2011 for some minor switch replacements.

AGL misses out on acquiring NSW electricity assets

AGL Energy Ltd (ASX:AGK) confirmed today it has not acquired any assets in the New South Wales government's sale process for its energy retail businesses and electricity gentrader contracts.

Qantas, Virgin Blue fighting over senior staff

The exodus of key Qantas Airways (ASX: QAN) executives continues as Virgin Blue (ASX:VBA) poached another senior staff of the flying kangaroo.

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.

Leighton consortium to construct New Royal Adelaide Hospital

Leighton Holdings Ltd (ASX: LEI) says its consortium has been selected as preferred proponent for New Royal Adelaide Hospital PPP project .

Charter Hall to sell interest in Desco, Regency

Property investment company Charter Hall Retail REIT (ASX:CQR), formerly Macquarie CountryWide Trust, has entered into a conditional agreement to sell its 60 per cent interest in a US portfolio of 32 properties, owned in partnership with Desco Group and Regency Centres.

Fortescue raises US$1.5 billion notes

Australian iron ore producer Fortescue Metals Group Ltd (ASX: FMG) today priced its previously announced offering of senior unsecured notes.

Sandfire secures mining lease for copper-gold project

Sandfire Resources (ASX:SFR) says the mining lease for its wholly-owned DeGrussa Copper-Gold Project has been formally granted by the West Australian Department of Mines and Petroleum (DMP), paving the way for development and mining to commence next year.

Facebook counts 10 million Aussies as active users, giving more lead for online advertisers

Some 10 million Australians spend much of their online surfing accessing their Facebook accounts, with most using their mobile handsets as the preferred tool for posting updates and sharing contents on the popular social networking site.

Mirvac acquires Harold Park Paceway

Property developer Mirvac Group (ASX: MGR) has acquired Harold Park Paceway, Sydney, to be developed into a 1,200 lot masterplanned community, representing total forecast revenue of over $1 billion.

James Hardie CEO sells shares

Construction materials specialist James Hardie Industries SE (ASX: JHX) announced today its chief executive, Mr Louis Gries, sold 148,000 James Hardie shares on 9 December 2010.

Ron Brierley retires as Guinness Peat chairman

Sir Ron Brierley is stepping down after a 20-year reign as chairman of investment firm Guinness Peat Group plc (GPG) at the close of business today.

Qantas admits legal moves against Rolls Royce serve as protection for damage claims

Qantas Airways Ltd sought the protection of the Australian Federal Court for fear that Rolls Royce could win the favour of a British court and prevent the national carrier from seeking compensation on losses it incurred at the height of the Airbus A380 engine troubles in November.

APLNG contamination poses no major health risks, says Origin

Origin Energy (ASX: ORG) said potentially toxic chemicals discovered in coal seam wells pose no major health risk after tests of water from its Australia Pacific LNG coal seam gas fields.

Beach lifts interest in Impress to above 45 per cent

Oil and gas explorer Beach Energy Ltd (ASX: BPT) Beach said today it has increased its relevant interest in Impress Energy Ltd (ASX: ITC) to above 45 percent, as a result of continued strong on-market acceptances by Impress shareholders.

Caltex flags better earnings for 2010 but debt piles up a bit

Caltex Australia appears to have rebounded from the losses in it incurred in 2009, achieving a much better profit in the current year and expressing optimism that full earnings would surpass last year’s results.

Aussie dollar surge to negatively impact Caltex profit

Caltex Australia (ASX: CTX) says it expects that the volatility in exchange rate will hit its full year profit for 2010.

Cyber attacks target Visa, MasterCard sites as hackers take revenge for paralysing WikiLeaks’ operations

From diplomatic disclosures and embarrassments, the WikiLeaks controversies shifted its theatre of operation to commercial cyber battles as global hackers launched coordinated attacks on credit card websites that earlier halted payments being sent to the beleaguered whistle blower.

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