Tag: Company News
NSW court grants Dairy Farmers takeover
The New South Wales Supreme Court has granted approval for the proposed acquisition of Dairy Farmers by the Japanese owned company, National Foods Limited.[MORE]
'Nothing can be done' to save BP Solar jobs
The Federal Government says it can do nothing to save the jobs of 200 people at the BP Solar plant in Sydney because the company does not want any help.[MORE]
Yahoo's Yang to step down
Jerry Yang, the chief executive of Yahoo Inc, will step down from his role as soon as the board finds a replacement for the internet company, Yahoo said.[MORE]
Coca-Cola shareholders urged to accept takeover
The chief executive of brewer Lion Nathan has called on Coca-Cola Amatil shareholders to accept its $8 billion takeover offer. [MORE]
Macquarie Group reports profit plunge
Investment company Macquarie Group says the global financial turmoil has hit its bottom line.[MORE]
Aerotropics told to liquidate
Grounded far north Queensland airline Aerotropics has been told by creditors to liquidate the company and sell assets to pay off several million dollars in outstanding debts.[MORE]
ABC Learning's administrator to address creditors
The administrator of the ABC Learning Group will address creditors for the first time today.[MORE]
Citigroup to slash 50,000 jobs worldwide
Citigroup said it would cut up to 50,000 jobs worldwide as the US banking giant struggles with the global financial crisis and four consecutive quarters of heavy losses.[MORE]
Mirvac/Leighton to kick off Green Square project
The New South Wales Government has announced that Mirvac/Leighton Properties has been chosen to build the first phase of the $1.7 billion Green Square Town Centre, in Sydney's inner south.[MORE]
Lion Nathan's Coke bid given support
A wine writer has backed Lion Nathan's bid for Coca Cola.[MORE]
Mineral sands project gets approval
A planned $420 million mineral sands project near Ceduna has been given a key regulatory approval by the SA Govt.[MORE]
Brewer proposes $7.5b Coca-Cola merger
Coca-Cola Amatil has confirmed it has received a merger proposal from brewer, Lion Nathan. [MORE]
Credit crisis hurts James Hardie's profit
James Hardie says its underlying earnings for the September quarter have again been affected by the weakness in the US housing market. [MORE]
Liquidators recommend John Valves liquidation
The 120 workers of a troubled Ballarat manufacturer have received a further setback, with administrators recommending it be liquidated after the deadline passed for them to find a new buyer.[MORE]
Mining lifeline welcomed
The West Coast Council has welcomed a rescue deal for the troubled miner, Zeehan Zinc.[MORE]
More job losses possible
A stock analyst says BHP may choose to shed workers at its Kambalda nickel operations in WA in response to the decision by Consolidated Minerals.[MORE]
New lifeline to West Coast mine
A Chinese investment house has taken a controlling interest in a Tasmanian mining company.[MORE]
More WA mining jobs to go
There's been another round of job cuts in Western Australia's mining industry with Consolidated Minerals set to shed more than 180 staff and contractors by mid-December.[MORE]
Govt won't increase ABC Learning funding: Gillard
The Government has ruled out topping up its rescue package for ABC Learning, saying the $22m already given is enough.[MORE]
Govt 'not surprised' by ANZ jobs cuts
The Federal Government says it is disappointed, but not surprised by ANZ Bank plans to cut up to 1,000 jobs.[MORE]
WA shipbuilder wins lucrative US contract
The Perth shipbuilder Austal has won a contract with the US Defence Department which is potentially worth more than $2.5 billion.[MORE]
No need to panic: FMG
The head of the Fortescue Metals Group (FMG), Andrew Forrest, says the drop in demand for Australian resources is no cause for alarm.[MORE]
Qld dairy farmers back takeover support
The vote by Dairy Farmers' shareholders to approve a takeover by National Foods has been welcomed in regional Queensland.[MORE]
Shareholders reject lucrative pay deal for Wesfarmers directors
Wesfarmers shareholders have voted against proposed pay rised for the company's directors.[MORE]
Commonwealth Bank says outlook still gloomy
The head of the Commonwealth Bank says conditions remain tough in the banking sector despite Government measures in Australia and overseas.[MORE]
