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Willmott Forests falls

Willmott Forests has been placed in receivership by its bankers, emulating the downward spiral of collapsed managed investment scheme (MIS) operators Timbercorp and Great Southern.

Broadvector focuses on prostate cancer, hip replacements

The biotechnology company is floating $8.5 million today after submitting a prospectus with the Australian Securities and Investments Commission. The investment proposal covers the clinical development of a new prostate cancer therapy and a second therapy to improve the longevity of hip replacements.

Suncorp and IA Group ready for quake damage claims

Suncorp-Metway Limited (ASX: SUN) and Insurance Australia Group Limited (ASX: IAG), two of New Zealand's largest insurance companies, are prepared for the expected property damage claims caused by Saturday's earthquake.

Sigma faces potential class-action lawsuit

Sigma Pharmaceuticals Ltd (ASX:SIP) says it has been advised of a shareholder class action lawsuit over its alleged failure to disclose its financial position before a capital raising in September 2009.

Free Playstation 3 Hack Released

After the launch of the controversial PS Jailbreak that allows users to copy PlayStation 3 games, a second hack on the console has been released that is free and claims to violate no laws on software piracy

NBN player to sell Soufun shares

The National Broadband Network (NBN) primary player Telstra Corporation Limited (ASX: TLS) disclosed plans of selling its shares in SouFun Holdings

Aborigines to fight Woodside

Australia's aborigines cry 'Noonkanbah' when the West Australian government started acquiring land for Woodside Petroleum Limited's (ASX: WPL) $30 billion gas project.

ASIC new rules for credit providers

The Australian Securities and Investments Commission (ASIC) wants credit providers to transact business according to the new 11 regulatory guides.

3G Capital to acquire Burger King

Fast-food chain Burger King is to be sold to investment firm 3G Capital for $US3.26 billion in a deal analysts said would give the restaurant breathing room to fix its business.

Woodside reaffirms sustained efforts for Browse LNG project in WA

As the Western Australian government started the process of compulsory land acquisition in the Kimberley region, north of WA, Woodside Petroleum Ltd declared on Thursday that the $1.25 billion work program for its Browse liquefied natural gas (LNG) development project will push through and completion should be expected by mid-part of 2012.

Asciano takes Foster's CFO

Australia-based beverage company Foster's Group Limited (ASX:FGL) today announced that Chief Financial Officer Angus McKay has submitted his resignation to join ports and rail operator Asciano Group (ASX:AIO) .

Chip Makers vs. Console Battle Heating Up

According to a lawyer who defended a case against Nintendo, the lawsuit that Sony filed against manufacturers of mod chips for the Playstation 3 may be the first of many that game console makers will file in Australia.

Fonterra's dairy product prices rise

The prices of milk and dairy products reached close to 17 percent overnight at Fonterra's online auction. All contracts, across all product lines, have an average selling price of US3562 a tonne.

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