Engineering services company RCR Tomlinson has announced it will sell and lease back four properties for $37.5 million, with the proceeds to be used to pay down debt.
Shares in Perth company Resource Equipment have climbed 85.7 per cent today after the board recommended a cash takeover offer valuing the company at $115.5 million.
Plans to upgrade a major Perth highway using proceeds from a trucking toll have drawn widespread criticism, with the Chamber of Commerce and Industry, the Labor Party and the Greens all finding fault with the project and its funding.
Gina Rinehart's Roy Hill mining company has told caterers to tighten food security after a worker at its West Australian site bit into a poisoned piece of fruit.
The Australian sharemarket is one per cent higher after an upbeat assessment of the American economy by the US central bank and a bounce in oil prices.
The Dow has jumped nearly 300 points after the US Federal Reserve made no changes to its monetary policy, saying it can remain "patient" before moving to raise interest rates.
Gold prices have shuffled between gains and losses in electronic trading, after the Federal Reserve made few changes to its statement at the end of its monetary policy meeting.
Sirius Resources has secured $440 million to fund the development of its Nova nickel mine, coinciding with it receiving mining approval from the Department of Mines and Petroleum.
There will be no exploration access to Western Australia's famed Pinnacles and its surrounding deserts after a request by Norwest Energy to amend its permit.
Vocus Communications has been successful in its bid to take over Amcom Telecommunications with the pair agreeing to a deal valuing Amcom at $652.7 million.
Embattled Boart Longyear says a recovery in demand for its drilling services could be more than a year away, as it secured the final piece of a $US342 million bailout plan.
Local engineering and construction business Valmec will purchase the Australian subsidiary of US oil and gas services giant Exterran, funding the purchase through cash reserves and additional debt.
Engine technology developer Orbital Corporation plans to raise $10 million via a convertible note issue to fund its acquisition of electrical product manufacturer REMSAFE.
The federal government will not make changes to the GST this term despite a recommendation from an independent economic body, Finance Minister Mathias Cormann has indicated.
Kerman Contracting has continued its run of success this year, securing a contract to develop new infrastructure at Rio Tinto's Pilbara iron ore operations and in the process lifting its work in hand to $290 million.
Southern Cross Electrical Engineering is the latest WA based company to commence an on-market share buy-back, as the trend towards returning capital to the market continues.