Australian telecommunication firms jointly criticised the proposed network scheme of the national broadband network by NBN Co, describing the plan as a magnet for huge compensation suits and a stumbling block for further infrastructure initiatives.
Royal Dutch Shell has decided to sell off 10 percent of its stake on Woodside or more than 78 million shares, a move characterised by analysts as a step away from the giant oil firm’s non-core businesses.
Rolls-Royce has reportedly zeroed in on the specific cause of the engine blow out suffered by Qantas Flight 32 that forced the aircraft to an emergency landing in Singapore last week.
Australia Pacific LNG Pty Limited today said it has received state environmental approval for its coal seam gas (CSG) to liquefied natural gas (LNG) project.
High-level talks between the United States and Australia will take place today as U.S. Secretary of State Hillary Clinton initiated discussions on China's monopoly of rare earths, which are used as key components in military systems.
ING Direct Australia, one of the country's largest retail bank, says it will offer $1000 cash to any customer who switches their mortgage to ING Direct and opens an Orange Everyday transaction account before June next year.
Equinox Minerals Ltd., the Australian copper producer has turned in some $71.2 million profits in the third quarter as production at its Lumwana mine in Zambia increased.
McDonald's Australia today said it has partnered with Visa to bring consumers an even faster way to pay for their meals.
Australian coal hauler and transporter QR National Ltd. has received keen interest from foreign investment managers for its $5 billion dollar initial public offering (IPO) before its formal offering on November 22
Following the assurance of independence provided by Actividades de Construccion y Servicios (ACS) of Spain, Australia’s Leighton Holdings Ltd declared on Monday that no further attempts of blocking ACS’s takeover bid of Germany’s Hochtief would emanate from the giant construction firm.
Orica (ASX: ORI), the world's top maker of explosives for mines today announced a net profit after tax and individually material items of $1,319 million for the full year ended 30 September 2010, up $777 million on the previous year.
Paint, adhesives and garden care products supplier DuluxGroup Ltd (ASX:DLX) today posted $61.289 million net profit for the its first year as a standalone entity in fiscal 2010 and said it expects profit to grow further.
Travelers flying on Qantas Air will experience delays as the company shuffles its fleet to cover the grounded A380s, Qantas spokesman Simon Rushton said.
The six-month extension again required for the completion of the problem-plagued $4.4 billion Oakajee port and rail project in Western Australia adds up to the mounting woes of the proposed deepwater port, following numerous delays in the past.
Qantas moved swiftly to ground its entire fleet of A380 aircrafts following the scary episode in Singapore where a plane suffered a blown engine after its take off, endangering the lives of passengers and crews of flight en route to Australia.
Passengers from Qantas Airbus A380, the same carrier where Oprah Winfrey next month was to have flown hundreds of US audience members in a John Travolta-piloted down under trip, have left for Australia on relief flights.
Huge numbers of disappointed Commonwealth Bank (ASX: CBA) customers have taken to the Internet to vent their outrage over the 'unfair' variable interest rate hike of 0.45 per cent this week.
Queensland mining mogul Clive Palmer could go ahead with his takeover plans for Gladstone Pacific Nickel Ltd, according to the federal government, who declared on Friday that it would not get in the way of the brewing acquisition.
Ten Network Holdings Ltd. (TEN.AU) chairman Nick Falloon have agreed to set down from his post to resolve pending issues with new shareholder James Packer.
Weeks after the meltdown of its iron ore partnership deal with Rio Tinto Ltd, BHP Billiton suffered another blow on Thursday when the Canadian government affirmed the earlier dumping of the mining giant’s $40 billion takeover proposal for Potash Corporation by the provincial government of Saskatchewan.
Qantas Airways Ltd. and engine makers Rolls-Royce Group Plc with Airbus SAS have started an investigation of the malfunctioning plane engine that put 459 people in danger yesterday.
A Qantas A380 plane has been forced to fly back to Singapore's Changi Airport after pilots found one of its engines malfunctioning and were forced to shut down.
Broadband provider Optus was found guilty of violating the provisions of the country’s Trade Practices Act as a Federal Court determined that the telco firm deceived and misled consumers during its campaign blitz that commenced April this year.
Australian retailers are increasingly concerned of the sector's persistent weakness even during traditional shopping periods.
The weak US dollar will continue to fuel the higher prices of commodities considered as the next safest forms of investment.
Australian consumers are much less likely to trust opinions of financial services providers than those of non experts, new research has revealed.
Those SUVs keep on rolling out from car dealers’ stations and helped Australian motor vehicle sales surging as of the month of October, according to the latest car sales figures furnished by the Federal Chamber of Automotive Industries (FCAI) on Thursday.
BVN Architecture, one of Australia's largest architectural practices with offices in Brisbane, Sydney, Canberra and Melbourne, won the Health Category award at the World Architecture Festival (WAF) this evening (Wednesday 3 November) in Barcelona for the Youth Mental Health Building at the Brain and Mind Research Institute (BMRI) in Camperdown, Sydney.
Following its breach of the $6 billion profit mark this week, media reports circulated that Westpac Banking Corporation is mulling the separation of up to 6000 jobs across its operations within the next two years.
Now, luxury enthusiasts do not need to leave the comfort of their homes in snatching those designer goods sitting on store shelves as they too have found their way on monitor screens, all for the taking with the use of some finger strokes by Aussie shoppers.
