COMPANIES

Cougar Energy seals UCG project with Chinese firm

Cougar Energy Ltd has announced Monday that it sealed a deal with China’s Inner Mongolia Qi De Investment Co Ltd to jointly-develop an underground coal gasification (UCG) project site deep in the Inner Mongolia region of China.
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Healthscope receives 2 new takeover bids

Healthscope announced it has received two additional indicative and non-binding proposals to acquire all of the company's issued capital for cash consideration by scheme of arrangement at a price of $5.80 per share.

Suncorp doubles RMBS offer to $1B

Suncorp confirmed today that it has finalised pricing of its Apollo Series 2010-1 residential mortgage-backed securities (RMBS) issue from $500 million to $1 billion, in response to investor demand.

Santos and Petronas' GLNG wins Queensland environmental approval

Santos and Petronas' multibillion-dollar Gladstone Liquefied Natural Gas (GLNG) project received its environmental approval from the Queensland government, following review of the project's Environmental Impact Statement (EIS) by the Queensland Coordinator-General.

Gunns can revamp its image after Gay's exit

A timber industry analyst explained on Friday that a possibility for Gunns to improve its corporate image following the resignation of its chairman John Gray is very high.

Virgin Blue lowers guidance

Virgin Blue announced that it has lowered its market guidance for financial year 2010 to around 25 per cent due to deteriorating domestic and international markets.

EOS teams with US firm for $4B weapons bid

Australian weapon company Electro Optics Systems Holdings (EOS) announced it has signed an exclusive agreement with Northrop Grumman to bid for a $4 billion contract with the United States Army for vehicle-mounted remote weapons systems.

7-Eleven buys Mobil retail network

Mobil Oil Australia Pty Ltd has signed an agreement with 7-Eleven Australia for the sale of its retail fuels business, comprising 295 company-owned or leased stations that are primarily located in metropolitan areas in east Australia.

GrainCorp posts $53M half-year profit

Grains handler and marketer GrainCorp Ltd posted a $53 million half year profit from $32 million last year and will pay an interim dividend of $0.15 per share.

ANZ investigates Facebook profile scandal

The ANZ is currently investigating a social networking site scandal involving debt collections staff who are tracking down people with outstanding personal loans and credit cards.

Telstra seeks $4M ACCC fine

Telstra Corporation Ltd said it should be fined a sum of about $4 million, instead of the $40 million penalty sought by the Australian Competition and Consumer Commission (ACCC) for alleged breaches of the company's competitive obligations under federal law.

Rex projects meagre net profit for FY2010

Domestic carrier Regional Express Holdings Ltd (Rex) has announced on Wednesday that company net profit for 2009/10 would only either match or might even fall a little below than the net profit of $23 million it reported on 2008/09.

Otix Global to offer franchise opportunities in Australia

Otix Global, Inc., announced that its Australian division, HearingLife, has begun offering franchising opportunities to audiologists and audiometrists throughout Australia. HearingLife made the announcement at the annual Audiological Society of Australia (ASA) conference in Darling Harbour, Sydney.

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