COMPANIES

ACCC merger approval lifts Jetset stocks

Shares in Jetset Travelworld (ASX:JET), an Australian company engaged in selling of international and domestic travel products and services, soared as the Australian Competition and Consumer Commission gave the tour operator the green light to acquire Stella Travel Services.

Austrian company seeks to acquire NTC Powertrain Australia

AVL Holding GmbH, an Austria-based company engaged in development, simulation and testing technology of powertrains for passenger cars, trucks and large engines, announced today that it has signed a letter of intent to acquire NTC Powertrain Australia, USA and UK.

ACCC gives Jetset the green light

International and domestic airline company Jetset Travelworld Limited (ASX: JET) can go ahead with the merger with Stella Travel Services Australia/New Zealand.
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Rio Tinto invests US$1.6 billion in Hope Downs 4 mine

British-Australian miner Rio Tinto (ASX:RIO) announced on Monday it will invest US$1.6 billion to develop the Hope Downs 4 iron ore project in Western Australia and link with Rio Tinto's existing rail, power and port infrastructure in the Pilbara.

Caltex expands supply capability in WA

Caltex Australia (ASX:CTX) has announced today it intends to continue a major expansion of its fuel terminal at Port Hedland in Western Australia in a move set to increase supply capability to the resource-intensive state's diesel market.

David Jones sexual harassment suit adds up more complainants

The $37 million sexual harassment suit against David Jones and its former chief executive Mark McInnes has commenced its hearing sessions in a Sydney Federal Court as similar complaints from other employees may be added to the case, according to a lead prosecuting lawyer.

Asciano vies for WA rail contract

Port and rail assets firm Asciano Group (ASX: AIO) is competing for all three parcels of the the mineral resources co-operative CBH Resources Limited (ASX: CBH).

ACT's Stanhope frustrated with ACTION

Australian Capital Territory (ACT) Chief Minister Jon Stanhope expressed disappointment with public transport provider ACT Internal Omnibus Network (ACTION). He stressed that the ACTION management failed to comply with legislation.

Myer chief prefers the old ways, wishes his company is still private

It was maybe an afterthought but Myer Holdings Ltd (ASX:HVN) chief executive Bernie Brookes expressed regret on Friday that his company went public last year as he revealed frustrations on dealing with shareholders, alluding to the experience as similar to ‘herding cats’.

Workers late for work

Workers taking the Joondalup and Mandurah lines of Transperth may have been late this morning due to the strike stage by train drivers.

Firm Spy banned for rumour

Reports of alleged artificial adjustments in performance ratings and a secret redundancy program has put the corporate news and gossip website, Firm Spy, in trouble with two law firms.

Bogus Australian wine in China

The wine with Australian labels found in store shelves in China could either be the real Flinders Run or one brewed in Asian countries.

Google To Offer Internet Phone Service

Google, the Internet company, is taking aim at internet telephone companies like Skype by introducing a new capability in its free web-based email service that allows users to make calls.

Businesses highly dependent on electricity

Two thirds or about 6,000 of Alice Springs customers lost electricity after a switch fault at a substation before 7 this morning. Businesses in the area have started to complain about the long hours without power.

Kimberly protects aborigines

The Kimberley Land Council disclosed the breakdown of negotiations over the proposed $30 billion gas hub at James Price Point.

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