Issues hound incoming Fortescue chairman Forrest
Incoming chairman of Fortescue Metals Andrew Forrest is being hounded by issues that the board under his leadership will just be merely a rubber stamp and will not question his decisions, according to the Australian Shareholders Association.
Massachusetts placed on state of emergency
The State of Massachusetts is placed under a state of emergency after two confirmed tornadoes hit towns in western areas that left four people dead and destroying houses and buildings across a 40 mile radius.
Australia SunRice rejects Ebro’s takeover bid
The takeover bid of Spain's food giant Ebro of Australia's Ricegrowers Ltd will no longer push through as some shareholders in the latter rejected the bid.
South Australia’s apple growers block NZ imports
The South Australian apple growers will file a protest before Canberra's Parliament House to stop the importation of apples from New Zealand.
Xstrata still positive on metals forecast
The commodity markets will sustain its growth in the medium to the long term in spite a projected slowdown in inventories of key buyers including China, Xstrata Plc's Chief Executive Officer Mick Davis in a mining conference on Wednesday.
OZ Minerals denies bribery allegations
OZ Minerals and the Cambodian government both denied accusations of bribery that the Australian mining company allegedly bribed relatives of the government officials of Cambodia worth hundreds of thousand of dollars in 2009 to get a contract approved.
Forrest retires as CEO of Fortescue Metals
Andrew Forrest will retire as Chief Executive of Fortescue Metals Group Ltd's and take over as its chairman, to get a relief from the everyday operations of the iron ore mining company.
Consumer watchdog says Australians are being ripped off big-time by retailers
Choice, an advocate of consumer rights in Australia, submitted a report to the Productivity Commission's retail inquiry and demanded that Australian retailers should explain and justify the astounding mark-ups of a minimum of 50 percent over the international internet companies' prices.