COMPANIES

RiverCity fears dead end for Clem7 next year

Toll operator RiverCity Motorway Group (ASX: RCY) reported on Thursday that the group should be able to extend its current cash holdings through September next year to keep Brisbane’s Clem7 tunnel operating until that time.

Asciano reveals contract extensions with Centennial and other mining firms

Mining services firm Asciano Group (ASX: AIO) said on Thursday that it has been awarded a 10-year $550 million hauling contract by Centennial Coal Company Ltd to transport some 4.5 million tonnes of coal from Centennial’s mine site in the Southern and Western Coalfields regions of New South Wales.
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Telstra to maintain dividend

The country's largest telecommunications company assured its investors of the same dividend payment in the 2010 financial year.

XStrata's parent firm Glencore taps bond market for funds

Glencore International AG, the world's biggest commodities trader, and part owner of Australian mining firm XStrata Plc has contracted HSBC Holdings Plc, JPMorgan Chase & Co. and Standard Chartered Plc as its lead underwriters bond offering in succeeding months.

Virgin Galactic: Branson makes space travel his next frontier

His entrepreneurial spirit will not be put down easily, not by a technical glitch or by any other trouble at hand. Billionaire Richard Branson launched his latest space tourism project amidst a flight technical glitch that grounded his airline company Virgin Blue.

David Jones upbeat on growth through 2016, affirms 2011 earnings guidance

High-end retailer David Jones Ltd (ASX: DJS) said on Tuesday that it is right on track to achieve its 2010/11 profit guidance though it admitted that in order to reach the higher range of its earnings forecast, the company must experience a full swing recovery for the whole of the fiscal year.

NAB takes lead in credit card overhaul

The National Australia Bank (ASX: NAB) took the first step in preparing for the strict government rulings on credit card use by cutting a range of credit card fees.

Australian Greens sounds grave alarm on Whyalla rare earths processing in SA

The Australian Greens party voiced out its concerns on Monday that the South Australian government may be rushing too much on the proposed rare earths processing plant in Whyalla following the state’s move of giving major project status to the planned $1 billion rare earths facility by Arafura Resources Ltd (ASX: ARU).

NAB adapts new credit card repayment system to reduce clients costs

Major changes will soon be felt in the credit card payment system of the National Australia Bank Ltd (ASX: NAB) as the giant bank announced on Monday that a new scheme is set to take effect that seeks for the settlement of high interests first prior to payment of lower interest items.

Wesfarmers ramps us Bunnings store expansions in NSW

Eighteen more Bunnings stores are set to be established in all of New South Wales over the next three years as the Wesfarmers Ltd (ASX: WES) hardware subsidiary announced on Monday that up to $600 million would be earmarked for its planned expansion in the state.

Kathmandu Holdings Ltd reverses shares slack

Kathmandu Holdings Ltd., a clothing and outdoor equipment retailer listed in theAustralian and New Zealand Stock Exchanges (ASX/NSX:KMD) has reversed a slack in its shares performance and recorded an uptick of 1cent to NZ$1.78 as at the 5 p.m. market close in Wellington today and a 1.84 percent hike to A$1.385 earnings per share in Sydney.

ACCC case costs Cabcharge $15m

Taxi fare payment company Cabcharge Australia Ltd (ASX: CAB) will pay $15 million in penalties and costs related to legal action taken against it by the consumer watchdog.

CFS Retail acquires 4 DFOs in Sydney and Melbourne

Real estate investment firm CFS Retail Property Trust (ASX: CFX) said on Friday that it has sealed a deal with Austexx Proprietary Ltd to purchase its four direct factory outlet (DFO) centres for $498 million.

Leighton acquires another $800M Chevron contract

Leighton Contractors has been awarded a contract by Chevron Australia to deliver the civil and underground works package for the Gorgon Project valued at more than $800 million, the company said in an issued statement today.

Global M&As seen improving

The wave of mergers and acquisitions (M&A) is beginning to improve as the financial reforms have begun to take shape in the last six months.

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