Giant resource firm BHP Billiton Ltd formally announced on Monday that it is withdrawing its $US45 billion takeover bid for Potash Corporation of Saskatchewan Inc, re-echoing the earlier claims of the Canadian government that provisions of its offer sheet could not come to terms with the net benefit requirements of the Investment Canada Act for the deal.
The National Australia Bank (NAB) today confirmed that its standard variable home loan interest rate would increase by 0.43% pa with a rate of 7.67% pa compared to CBA’s rate of 7.81% and ANZ’s rate of 7.80%.
Ten Network Holdings Limited (ASX: TEN) today announced it has extended the contract of Grant Blackley, CEO - Television, for an additional period of two years, to 31 August 2013.
Xstrata’s $3 billon Wandoan open-cut coal project in southern Queensland won the conditional approval of the state authorities on Friday, paving the way for a federal review which would eventually give the last say on whether the exploration is a go.
Bow Energy Ltd (ASX:BOW), an Australia-based company engaged in oil and gas exploration and in discovery and commercial production of coal seam gas (CSG), announced today it has successfully completed a placement of 42.1 million ordinary shares to Institutional and Sophisticated Investors at $1.15 per share to raise $48.4 million.
Andrew Thomas, owner of the "XSport Games" trademark, lost his infringement case launched by media giant ESPN Inc against him and is now prohibited from organising and staging the sports spectacle anytime soon.
Retail giant Myer Holdings Ltd admitted of a slight sales slip in the first quarter of fiscal 2011 but it reported that the company’s net profit is projected to rise by up to 10 percent for the rest of 2010/11.
Giant telecommunication firm Telstra Corporation called the attention of its shareholders on Thursday, warning them of two unsolicited share offers pushed forward by National Capital Corporation Pty Ltd, which was previously punished in 2008 by corporate regulators.
Continuing its expansion in Tasmania, grocery giant Woolworths Ltd (ASX: WOW) on Friday said it now has a new distribution centre in the state.
Fairfax Media intends to cash it on its popular news websites The Age and The Sydney Morning Herald to further propel revenues in the near term.
Australia's mining giant BHP Billiton is seen targeting oil and gas producer Woodside Petroleum Ltd. to make up for its failed bid for Canada's Potash Corp., a report by Morgan Stanley said.
Tomago Aluminium, a joint venture between global companies Rio Tinto Alcan, Gove Aluminium Finance Ltd (CSR and AMP) and Hydro Aluminium, has signed an 11-year base-load power supply contract with Macquarie Generation, securing the company's power supply until 2028.
Food and dairy company Goodman Fielder (ASX:GFF) formally scrapped plans to sell its $240 million edible fats and oils business to food group Cargill after the Australian competition regulator continued to oppose the deal.
Amidst media reports that its A380 fleet would be out of action for the whole duration of the summer holidays, Qantas Airways refused to shed light on the swirling speculations, claiming that the airline never released any such timeframe.
XStrata Plc was able to secure a controlling stake equivalent to 51.12 percent in Sphere Minerals, while remaining rival China-backed Sin-Tang continues to tighten its grip in its shares in the company top up its holding.
Electronic Arts (EA) and Lucasfilm Ltd had forged an updated global publishing agreement for "Star Wars: The Old Republic."
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.
Australian mining firms Brockman Resources Ltd. and Ferraus Ltd. have been offered A$929 million by Hong Kong firm Wah Nam International Holdings Ltd. to increase its shareholdings in the company.
Qantas today confirmed an updated schedule for its international network to ensure minimum disruption to passengers following the grounding of its Airbus A380 fleet.
Cutting exit fees is only half the battle in the banking competition, according to a national accounting firm.
Google's 10% salary increase and $1000 cash bonus may be part of "competitive compensation plans" seen by the company as vital for its future.
The Australian Competition & Consumer Commission will carefully scrutinise the proposed takeover of ASX Ltd. by Singapore Exchange Ltd.
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.
Australia's banks will need to review all their mortgage exit fees on existing and new mortgages following the release of the Australian Securities and Investments Commission's (ASIC) guidance, the Australian Bankers' Association (ABA) said.
Bega Cheese has bought a $22 million or equivalent to 15 percent stake in the Victorian dairy company Warrnambool Cheese and Butter (WCB).
The Industry Funds Management and the Queensland Investment Corporation has acquired the Port of Brisbane for $2.3 billion, reports said.
Consumer stress is significantly overstated by the narrow focus on interest rates according to Deutsche Bank research.
Giant retailer and conglomerate Wesfarmers is seeking for more female inputs on its boardroom activities as the company aims to see more than 50 percent of its directorship eventually occupied by women executives.
The number of bank branches has grown for the ninth consecutive year, according to a survey released on Wednesday by the Australian Prudential Regulation Authority (APRA).
Google gave its employees $1000 cash holiday bonuses and a minimum of 10% salaray increase set to be implemented next year.
