Power distributor Australian Power $ Gas said on Thursday that it has signed a three-year electricity supply deal with a major generator for its entry to the Queensland energy market as it increased forecast for customer growth and announced the availability of convertible note facility to be used for raising funds.
Orbital Corporation Ltd has announced Thursday that volatile situations in the global equity markets have prompted the company to back down from its planned capital raising, adding that the proposed acquisition of an alternative fuel system business would be withdrawn for now.
Receiver McGrathNicol Ltd has announced plans to sell the Great Southern Ltd's entire blue gum forestry estate, with initial bids expected in late July.
Australian banks have defended their penalty fees which are taken from late payments and overdue accounts of their customers.
Mineral sand developer Matilda Zircon will halts exploration on Cape York in Northern Queensland, following the Queensland Government's wild river legislation.
An Australian hedge fund manager will file a multi-million dollar lawsuit against Goldman Sachs for losing money in mortgage-linked securities sold by the investment bank.
Challenger Wine Trust (CWT) said today that the value of its vineyard properties would decline by up to nine percent, blaming an oversupply of wine flooding the market and consequently pulling down grape prices.
A Tasmanian mining firm disclosed on Thursday that talks with the Government over the 40 per cent mining profit tax were productive.
Queensland Alumina Ltd. was fined $90,000 in the Gladstone Magistrates Court for an industrial incident at a Gladstone alumina refinery last year.
American railway company Genesee & Wyoming has bought FreightLink for $334 million and will assume about $1.7 million of FreightLink's debt.
A subsidiary of Macquarie Group Ltd is eyeing to takeover Redflex Holdings Ltd. In a statement to the ASX, Redflex Holdings Ltd. announced that it has received an indicative, non-binding and confidential proposal to acquire all of the issued capital of Redflex by a scheme of arrangement at a price of $2.50 per share.
Virgin Blue Holdings Ltd has acknowledged that it is experiencing slow down in sales and to address the slump, chief executive John Borghetti is training his eyes on business class flyers, looking at the possibility that the budget carrier could entice other market segments apart from its existing revenue base.
An airline has picked Melbourne and Auckland as the first long-haul destinations for its Singapore hub operations.
The newly appointed chief executive of Tasmanian timber company Gunns told media on Wednesday that recent interest sought by foreign investors spells a good sign for the company.
Residential dwellers near south of Brisbane have complained about a hazardous waste incinerator near their homes.
Greater Bendigo Gold Mines Ltd (GBM) announced today it has signed an option to purchase the Bendigo Creek Tailings Project at Huntly, approximately 10 kilometres from Bendigo.
Construction and engineering company Valemus Ltd said today that recent declines on the Australian Stock Exchange (ASX) have effectively slashed the value of its planned listing as its German parent company pushes its sale through an initial public offering (IPO) with value of up to $1.39 billion.
The South Korean manufacturer Hyundai in the Australian division announced the launch of the 2011 Grandeur yesterday. The latest Grandeur is a modified and fine-tuned version of the existing model. The transformations are not that massive and mostly engaged in visual issues and trim levels, but Hyundai hopes the car will be given a new charm with the facelift.
Newcrest Mining disclosed on Tuesday it has completed its due diligence on Lihir Gold for its $9.5 billion takeover bid, and will finalize its contract with the target.
Transport and logistics company Toll Holdings Ltd said yesterday that it has acquired the Asia-Pacific express air freight business of Qantas Airways Ltd and negotiations are underway too for the possible purchase of DPEX Group, also owned and operated by Qantas.
US-based Tenet Healthcare Corporation has withdrawn its takeover offer for Australian private hospitals operator Healthscope Ltd.
Internet giant Google has flat out denied claims from Communications Minister Stephen Conroy that its Street View Cars can capture people's personal banking details.
Western Plains Resources Ltd has announced Monday that it is set to sell nine million tonnes of iron ore over the next five years from its South Australian Peculiar Knob project, with a definite agreement to be inked within months.
Austal is likely to build two more joint high speed vessels (JHSV) for the US Navy after it exercised contract options to fund a long lead-time equipment associated with the construction of two additional 103 metre JHSV.
Private companies are eyeing expansion plans and growth this year as a recent survey revealed most companies hold positive outlooks for the economy. The survey showed that the number of companies planning for development and growth has dramatically increased in mid-term.
Foreign Investment Review Board (FIRB) has approved an investment agreement between Western Australian sandalwood grower TFS Corporation and a US-based institutional investor.
Sedgman Ltd announced it has signed a new contract worth $80 million for the Benga coal handling and preparation plant (CHPP) in Mozambique.
Western Plains Resources Ltd will be selling a total of 9 million tonnes of iron ore fines over a period of five years from its Peculiar Knob project in South Australia.
Supply chain and information management solutions provider Brambles Ltd confirmed today that it has lost one of its biggest customers in the United States but asserted that the loss would have no impact on its 2010 accounts.
The Australian Police were tasked to probe Internet giant Google for possibly breaching telecommunications privacy law.
