Perth will be home to the country's fastest wireless broadband service early next year as the Seven Network commits $50 million towards the rollout of the 4G network.
The federal government has established an employment taskforce to help staff future resource projects, including the upcoming Gorgon gas venture in Western Australia.
The federal and Western Australian governments have offered five production licences for the liquefied natural gas fields of the Gorgon project, Prime Minister Kevin Rudd says.
Tap Oil has rejected speculation that its legal battle with Burrup Fertilisers could result in damages worth hundreds of millions or even billions of dollars, instead putting its maximum liability at $US20-25 million.
Exploration expenses have dug a deep hole in Atlas Iron's bottom line, with the miner today reporting a $63.1 million net loss for the 2009 financial year.
Rural services provider Elders is to conduct a capital raising as part of a refinancing and recapitalisation of the company as it sells subsidiary, ITC Timber, to Gunns for $100 million.
Babcock & Brown Power, the owner of Alinta, has narrowed its net loss in fiscal 2009 and says it hopes to announce by the end of November how it will deal with more than $3 billion of debt and whether it will change its company structure.
Gaming group Crown posted a loss of $1.2 billion FY2009 after writing down the value of its US assets due to the downturn but says it will focus on its Australian and Macau assets following strong performances from its Burswood and Crown casinos.
Shares in diversified miner OZ Minerals have fallen almost five per cent this morning after posting a heavy first half loss, following the sale of many of its assets and a lower copper price, but says it is in a strong financial position.
Federal Environment Minister Peter Garrett has cleared the last regulatory hurdle for the $50 billion Gorgon LNG project, leaving its joint venture owners free to make their final investment decision.
Shares in Wesfarmers fell 6 per cent today after Woolworths announced plans to take on the Bunnings business through the takeover of hardware group Danks Holdings.
Newspaper publisher and radio station owner, Fairfax Media and the country's largest radio network, Austereo Group posted big losses FY2009 and both organisation's agree the difficult market conditions are set to continue in the short term.
Australia's largest independently-owned mortgage broker, Mortgage Choice has been squeezed by the volatile housing finance market to post a net profit after tax on a cash basis of $13 million, a 23.9 per cent decrease on the FY08.
West Perth-based computer and office equipment financing company ThinkSmart has increased first half profit by 17 per cent despite a five per cent drop in revenue and says it remains on target to lift full year earnings.
A leading economist believes the record $50 billion Gorgon liquified natural gas deal with China could lead Western Australia into a "symbiotic" relationship with the Asian giant while the Greens reiterated the deal hasn't received environmental approval.
The push for extended retail trading hours in Perth is doomed to fail after the Labor opposition decided to oppose the move, joining the Nationals who also oppose change.
Shares in iron ore pellet producer Grange Resources fell after it unveiled plans to raise $167 million in new equity in a deeply discounted offer to key stakeholders including a Chinese investor.
Civil and mining contractor Brierty has returned to the black with an annual net profit of $6.7 million, compared with its $1.3 million net loss in the 2008 financial year.
Despite building products group James Hardie Industries NV posting a loss for the first quarter of its fiscal year, due to weakness in the US housing construction market and the general economy, early trading today has pushed the share value up almost 17
Three partners of KPMG's Perth office, Brett Fullarton, Robert Kelly and Grant Robinson, have agreed to stop practicing as auditors for between nine months and two years following their involvement in the collapsed Westpoint investment group.
Australia's third largest internet service provider, iiNet, has posted a 28.8 per cent jump in full year profit after lifting subscriber numbers and says it is well placed for the current financial year.
Iron ore miner Fortescue Metals Group has agreed to a price for all the iron ore it sells to Chinese steel mills for the six months to the end of December.
Several West Perth-based junior companies have today revealed plans to raise a collective $32.75 million to progress projects in Australia, South Africa and the United States.
Radio station 96FM has beaten Austereo's 92.9 to take second place in the latest radio ratings survey as perennial leader Mix 94.5 kept its grip on the number one ratings spot.
The Belmont store of fast food pizza chain Domino's has copped a fine of more than $28,000 as the state's health department unveiled the latest list of hygiene offenders.
Premier Colin Barnett says he expects Alannah MacTiernan to "do the right thing" and stand down from state politics by the end of the year after the Labor MP announced she will enter federal politics.
A slanging match between two rival unions has erupted in Western Australia, with veteran heavyweight Kevin Reynolds doggedly trying to hang on to his union's mining members.
