Around 47 ABC Learning childcare centres will remain open in Western Australia next year while the future of a further 43 is up for review, receiver Chris Honey of McGrathNicol says.
David Jones chief executive Mark McInnes says he expects the worst slump in sales to be in the first half of next year after the retailer forecast a 7.5 per cent fall in like-for-like sales in the next three quarters of fiscal 2009.
Fortescue Metals Group has told engineering company NRW Holdings to walk off the Cloudbreak-to-Christmas Creek rail line site in the Pilbara because construction has been deferred.
Rio savaged after BHP walks from hostile bid; Labor swings balance to workers; China signs $20bn LNG deal; Qantas aborts mainline services; Long view urged on infrastructure needs
The value of BHP Billiton's Ravensthorpe and Yabulu nickel operations have been written down by $US2.1 billion ($A3.3 billion), which equates to three quarters of its total investments in the related projects.
BHP Billiton will go ahead with its iron ore expansion works, today approving its $US4.8 billion ($A7.5 billion) Rapid Growth Project 5 for its Pilbara operations.
Petroleum company Royal Dutch Shell has reportedly agreed to sell an annual 2 million tonnes of liquefied natural gas over a 20-year period to a Chinese company, with the undeveloped Gorgon project in Western Australia to be tapped for supplies.
OZ Minerals says it will defer $20 million of work at its Golden Grove operation in Western Australia, as part of a wide ranging review of its assets in light of the financial crisis.
US forced to save Citigroup; Unions regain power to bargain; Babcock deal fails as execs resign; Time to strike for rights, say unions; Scarborough gets nod for 12 storeys
Yilgarn Infrastructure has continued its rearguard bid for a slice of the planned Oakajee port and rail project, claiming today that its Chinese partners would not work directly with the government's preferred bidder.
Destined for a deficit; Property price fall worst in 25 years; Industry funds face attacks on unlisted valuations; Powers lock horns on crisis; Atlas digs in as big backers flex muscle
Despite all the doom and gloom, including today's turmoil on the Australian stockmarket, consumers are still spending up big, particularly on their credit cards.
It's OK to go into red - RBA; Babcock to cut itself in two; BHP softens plans to increase production; Reynolds re-election renews ABCC push; Razor gang with sharp eye for WA cuts
THE Australian share market has closed 3.5 per cent down at fresh four-year lows, wiping $34 billion from the value of the market following a weaker performance on Wall Street overnight.At close, the
MINES and Petroleum Minister Norman Moore has announced the formation of a 12-member industry working group, chaired by former resources minister Peter Jones, to advise on ways to improve the state
BARACK Obama made the sale. Sixty three million people were sold on his potential ability to lead and govern. And they did so without the benefit of actually seeing what he will do.
WOMEN in the resources sector are mystified why none of their number were called up for a new committee to advise state Mines and Petroleum Minister Norman Moore (pictured).The 12-man group consists m
THE corporate watchdog has charged Perth company director Malcolm MacCormick with insider trading in relation to last year’s sale of his family business to ASX-listed company Walter Diversified Servic
SOUTH Perth-based property developer Finbar has put its majority owned Gateway office development, currently being built on the former Nutrimetics site on Albany Highway, on the market.
ADMINISTRATORS have been appointed to Malaga-based TriniTEQ Ltd after the company sold its business operations to a group of Australian and US-based venture capital shareholders.
PARAMEDICS were this week offered pay rises of between 15 and 29 per cent under a revised proposal from St John Ambulance.The offer includes the introduction of a new classification structure that bet
MINER Consolidated Minerals has been hit by plunging commodity prices, advising staff that it plans to close two of its Western Australian mines and cut employment of staff and contractors by 180 posi
THE market downturn may take the heat off employers in the short term, but the experience of the past few years has shown that workers have far more choices about where and how they want to work – inc
Shares in AWB gained over four per cent in early trading after the wheat exporter and agricultural services group reported that full-year net profit more than doubled.
