ACCC Appeal Court Ruling on Franklins Sale To Metcash
The Australian Competition and Consumer Commission (ACCC) appealed the Federal Court’sruling dismissing its application to prevent Metcash from acquiring the Franklins supermarket business, saying that the acquisition will erode competition .
Oxfam Pushes Sandblasting Ban on Australia's Jeans Manufacturing Trade
Oxfam Australia is calling on the Just Group to ban sandblasting on its jeans manufacturing process due to serious health concerns it poses on workers.
US$114 B Lost to Cybercrime Annually
A Norton study has computed the cost of cybercrime at US $114 billion annually but there is not enough being done to prevent cybercrime.
Sun Powers US Military Housing
The US Renewables Group (USRG) will provide $344 million financing for the solar project led by Solar City for that will double the current number of residential rooftop solar system in the US.
Australia Tourism Still Upbeat, Up 4% in June Quarter
Tourist arrivals in Australia rose four percent as of end June with Asia leading the number of visitors.
Sweden's Saab Files For Voluntary Restructuring
Swedish Automobile N.V. (Swan) has announced that Saab Automobile AB and its subsidiaries Saab Automobile Powertrain AB and Saab Automobile Tools AB (collectively Saab Automobile) filed for voluntary reorganization with the District Court in Vänersborg, Sweden.
Queensland Seeking Investors for $2.6B Infra Projects
Queensland is seeking private sector support to invest in two major projects that would further boost the coal industry, according to Premier and Minister for Reconstruction Anna Bligh.
Hooters Expands In Australia
Chanticleer Holdings, Inc.and Hooters Australia is expanding its operations in Australia with the opening of a new restaurant in November
Procurement Contracts: WA Agencies Urged to Manage Conflicting Interests
Western Australia Auditor General Colin Murphy has found that agencies need to address potential conflicts of interests in the procurement of contracts for Information and Communication Technology (ICT) projects and the acceptance of gifts and travel at the Department of Health.
Over Worked or Workaholic? Australians Have No Time for Fun
Australia's information technology workers (iWorkers) are squeezing work during downtime - in the bedroom, family gatherings, during commutes and even on vacation, according to the second annual Consumerisation of IT study, conducted for Unisys by International Data Corp. (IDC).
New South Wales Commits Biggest Infra Budget of $62.2B
NSW has approved a budget of $62.2 billion over the next four years to improve the infrastructure, the highest commitment in the history of the state.
CSG Producers Embark on Ad Campaign
Australia's oil and gas firms have launched an information campaign to convince the public of the benefits of CSG and erase negative public perception of the industry.
Rio Tinto, Anglo American Divests $700M from South African Palabora Mine
Mining firms Rio Tinto and Anglo American Plc will divest their combined 74.5 equities in Palabora Mining Company Limited, whose principal asset is a copper mine in South Africa.
Auto Dealer In Receivership for $80M Debts
Auto dealership Rick Damelian Group has been put on receivership after raking in $80 million worth of debts.
Qantas Flights Delayed, Cancelled Due to Labor Strike
More Qantas passengers are facing a barrage of delays or cancelled flights due to the threat of a one-hour weekly labor action planned by about 40 engineers in Brisbane.
Toyota Leads As Australia's Best Selling Brand in August
Toyota was Australia's best selling brand in August as the industry's vehicle sales went up 7.3% month-on-month. On a year-to-date basis however, auto sales in Australia is still down 4.4 %
US Postal Service Nears Extinction
The United States Postal Service faces insolvency due to continuing losses due to the shift to the digital age. Is there a way to save this U.S. institution?
QR National Signs $900M Rail Project Deal with Coal Firms
QR National has signed an agreement with eight coal companies for the construction of the $900 million Wiggins Island Rail Project to a new export terminal at Gladstone, South Australia
Union Seeks Industry Package For Bluescope Workers
Australian steelworkers are asking for an industry standard redundancy package for workers affected by BlueScope Steel's restructuring program
Metcash Targets To Seal Franklins Deal Sooner
Metcash expects to conclude its acquisition of Franklins by end of September 2011.
Hitachi, Sony, Toshiba Merge LCD Business
Hitachi, Sony, Toshiba merge their LCD businesses and with200 billion yem funding from Innovation Network Corporation of Japan (INCJ) aims to develop next generation technologies
Glencore To Acquire Optimum Coal
Glencore announces plans to acquire Optimum Coal as the company is bullish of coal demand in the international market
Rent at Sydney's Pitt Street Mall If You Dare
Rent at Pitt Street Mall in Sydney jumped 33 percent putting it in the fourth spot among the world's most costly real estate properties, Cushman & Wakefield said in its latest report.
Toyota Confirms Shutdown Of Altona Plant Due To Workers' Strike
Unable to reach a pay hike agreement, Toyota Australia workers go on strike cripping the Altona manufacturing plant
Jetstar Eyes Stronger Presence in China
Jetstar, Australia's low cost carrier, is looking at expanding presence in China to fuel the company’s long-term growth
CSR Struggles to Stay Afloat
Australian construction firm CSR announced a $22-million restructuring program after facing tough competition from cheap Chinese glass imports on the back of the high Australian dollar. The restructuring will affect some 115 jobs, The Australian reported on Thursday.
Perth City Link Land Available for Sale, Lease
Planning Minister John Day is calling for expressions of interest from interested parties to purchase land in the Perth City Link in Western Australia, touted as the most significant inner-city development opportunity in more than a century.
Former Centro Boss Gets Fined, CFO banned, Others Scott Free
Federal Court ruling dismays Australian shareholders and investors for its failure to impose penalties on six directors of Centro Properties Group despite violating corporate laws. The court's decision to fine former Centro CEO Andrew Scott was also criticized.
Australia Corporate Outlook Stable
Moody's Investors Service has rated Australia's corporate sector outlook as stable stable over the next 12 to 18 months although companies will remain cautions given the global economic uncertainties.
Former BHP Exec Lynch Joins Rio Tinto Boards
A former BHP Billiton official, Chris Lynch has joined the boards of Rio Tinto plc and Rio Tinto Limited as a non-executive director.