COMPANIES

Qantas Airlines is considering to sell half-stakes of its poorest performing freight enterprises to Australia post.

Telstra is yet to decide whether to push for job cuts after the union alleged that the telco will terminate 900 of its workers.

The District Court of New South Wales on Tuesday sentenced 32-year-old former corporate executive Oliver Banovec, of Bellevue Hill, Sydney, NSW, after he was found guilty of five counts of fraud and one count of perjury. The court also said that Banovec would not be eligible for parole for a period of four years and nine months during his imprisonment.

Corporate regulator Australian Securities and Investments Commission (ASIC) scored a major victory in its civil penalty case against former Select Vaccines Limited chief executive officer Dr. Martin Soust of Malvern East, Victoria after it was granted a pecuniary penalty and disqualification orders.

The Federal Court on Tuesday gave a green light to Seven Network's $3 billion merger with Kerry Stoke's industrial firm WesTac

A union strike at its Geelong refinery could mean a threat to its operations if there is no intervention made by Shell on the cleaners' job security.

Opposition senators have called on the federal government to release the $25 million study on the $43 billion National Broadband Network (NBN), which has been touted by the government as Australia’s largest infrastructure undertaking to date.

The Bank of Queensland is set to acquire the Australian and New Zealand businesses of New York-based Commercial Investment Trust (CIT) Group, well known for its lending services to small and medium-sized businesses.

Credits cards are beginning to lose its touch as Australians now opt cash and debit cards instead.

The State Government may be pushing for a ban on the controversial data service that allow petrol companies view each other's prices.

The recently anointed chief marketing officer of Telstra has yet to solve the problems that is facing the company right now.

Consolidated Media Holdings Ltd (ConsMedia) has announced Friday that it is asking its shareholders to use $225 million in its plan to buy back 11.88 percent of the company’s 620.71 million shares on issue, which analysts said are indications that the media company is on road to become private anew.

Several passengers of Qantas may be forced to delay their flights once again as the airlines will continue to delay its flight schedules for the coming weeks.

A decision on Seven Network's $13 billion partnership with Kerry Stoke's privately owned industrial equipment business WesTrac Holdings will be revealed on Tuesday next week, according to the Federal Court.

Several corporate sponsors want out on their partnership with Melbourne Storm after it was involved in a salary cap scandal.

Woodside Petroleum today posted a seven per cent loss in production during the first quarter of 2010, despite a record in the Liquefied Natural Gas (LNG) production from the North West Shelf.

Woolworths collaborate with universities for the third time by offering a two-week free scholarship course for young West Australian agriculturalists by September 2010.

Iluka Resources Ltd has reported that demands for high value mineral sands, such as zircon and rutile, increased on key markets in the first quarter of the year following restrained output during the global financial crisis.

Rio Tinto Alcan will be investigated by the Northern Territory Government over an industrial spill on one of its alumina mine and refinery on east Arnhem Land coast.

Telstra has announced plans to impose an additional 20 cents charge on competitors accessing the company’s copper network, and raising the possibility that consumers will soon foot much higher internet and phone bills.

Caltex Australia Ltd has released on Thursday its unaudited first quarter profit which showed sales spikes of up to 33 percent or $130 million on a replacement cost of sales operating profit (RCOP) basis, as the oil company cautioned that its short term outlook is largely tentative at this stage.

The State Mining Engineer has announced that the government is poised to collect millions via a safety regulation tax as the Department of Mines and Petroleum is set to impose fresh steps that will secure the safety performance of the resource industry.

Drug manufacturer and distributor Sigma Pharmaceuticals Ltd stands to face an estimated $200 million in damage claims from shareholders over its yearly loss and allegations of violation of continuous disclosure obligations.

A joint venture with China is in the offing for South Australia as Adelaide-based IronClad Mining Ltd has announced Wednesday that MCCM Capital Management Co Ltd is set to buy the mining firm’s stakes offering that could reach up to 4.4 million shares.

Australian mining giant BHP Billiton is trying to dodge from the backlash the befell world's largest investment bank Goldman Sachs after it was revealed that the U.S. Securities and Exchange Commission was investigating the firm over alleged violations of anti-corruption laws.

The Energy Resources of Australia (ERA) has expressed optimism that the uranium market is bound for a more robust status over the long haul, as ERA chairman David Klingner is confident that nuclear power will remain as the forefront option for global energy solution.

CSR, a sugar and building materials producer, refuted media reports on Wednesday regarding an approach from a Japanese group for an acquisition of its Sucrogen.

There is much anticipation for US-based Peabody Energy as it starts its due diligence today on its $4.1 billion takeover bid for Macarthur Coal.

AXA Asia Pacific gained more sheen for takeover bids as the company reported yesterday that its first quarter sales for 2010 bumped up to 92 percent or an actual currency value of $146, with its strong sales surge pushed forward by the upbeat Asian markets.