COMPANIES

Westfield earnings to hit 93cps in 2011

Westfield (ASX:WDC), one of the world's biggest shopping mall landlords, said its combined operational segment earnings are expected to be 93 cents per security, comprising 74.6 cents for Westfield Group and 18.5 cents for Westfield Retail Trust.

BHP Billiton reveals some $71 million share bonuses for Kloppers

Granting BHP Billiton continues to fly high at least within the next five years, the giant resources firms’ top executives are poised to be overwhelmed by windfalls that could see chief executive Marius Kloppers amassing some $71 million in share bonuses.

Rio Tinto, Ivanhoe Mines bury the hatchet

Anglo-Australian Rio Tinto (ASX: RIO) and Canada's Ivanhoe Mines have ended a long-running dispute between them after signing a new agreement under which Rio Tinto will assume direct management of the Oyu Tolgoi copper-gold project in Mongolia.
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NBN's Doug Campbell steps down

Doug Campbell has advised that he will be leaving the National Broadband Network team for personal reasons and retiring at the end of the year.

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.

Sigma to lose 15% of revenue on Pfizer move

Sigma Pharmaceuticals (ASX: SIP) says it expects its annual wholesaling revenues to decrease by approximately 10 to 15 per cent from February next year, as a result of a decision by one of its major suppliers.

Fixed rate home loan demand shoots to 29-month high

The popularity of fixed term home loans rose in every state during November this year to hit 10.9 per cent of approvals nationally, according to customer data from Mortgage Choice, Australia's largest independently-owned mortgage broker.

Leighton's John Holland wins NSW rail contract

Australian contractor John Holland, a wholly owned subsidiary of Leighton Holdings Ltd (ASX: LEI), today announced it has been selected as the preferred proponent for the management of the Country Regional Network (CRN) by the NSW Government's Country Rail Infrastructure Authority.

Equinox to declare takeover offer for Citadel unconditional

International miner Equinox Minerals Ltd (TSX and ASX: EQN) said today it intends to declare its recommended takeover offer for Citadel Resource Group Ltd free of all defeating conditions if Equinox receives an interest in Citadel shares of more than 50 per cent on or before 5pm Western Australia Standard Time on December 16, 2010.

Qantas, Roll Royce discuss million-dollar claim

Qantas Airways Ltd is seeking for financial compensation on losses it incurred due to the Airbus engine troubles that hounded the airline’s numerous flights and forced its entire A380 fleet from flying for a number of weeks on November.

Nufarm to return to black in H1 2010/11

Australian farm chemicals maker Nufarm Ltd said on Thursday it sees its first-half operating results to return to the black this year, with first-quarter earnings well ahead of the previous corresponding half.

Aussie retailers worry about Christmas sales

Retailers would have to double, if not triple, their efforts to get customers through the doors and confident to shop before any Christmas cheer returns to the sector, the industry body said today.

Leighton's Thiess wins $5.5b Indian coal project

Thiess, an Australian mining contractor wholly owned by Leighton Holdings Ltd (ASX: LEI), announced today it has won a landmark $5.5 billion mine development and coal mining contract in India.

ESCO acquires Austcast, Newlcast

ESCO Corporation, a global provider of engineered consumable products, announced today the acquisition of all of the issued and outstanding shares of Austcast Pty Ltd in Brisbane, Australia, and its subsidiary Newlcast in Dunedin, New Zealand.

NAB commences damage payments on thousands of its clients

Up to 5000 bank clients of National Australia Bank (NAB) flooded its official website to file damage claims arising from NAB’s computer system glitch that started on Wednesday morning last week and extended onto the early part of the current week.

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