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The Chamber of Commerce and Industry of WA has warned proposed changes to the national awards system will be a financial and regulatory setback for a large number of businesses across the state.

Delays in obtaining approvals and takeover defence costs have blown out Midwest Corporation Ltd’s net loss for the first half of 2008, up from the previous year’s $1 million to $7.8 million.

Shares in Perth-based miner Perilya Ltd have dramatically reversed its recent losses, skyrocketing over 60 per cent in trade today after Credit Suisse labeled the stock as "too cheap".

The directions hearing between Murchison Metals Ltd and Chameleon Mining NL has been adjourned until next week after the judge presiding over the matter did not attend.

East Perth-based Metals X Ltd will move ahead with plans for the development of its Wingellina nickel project in Western Australia following a feasibility study that pegged capital costs at $2.2 billion.

Shareholders in bamboo flooring products company Style Ltd have voted against a board shake-up brought on by major stakeholder Merim Pty Ltd in what has been called by the chairman a "cheap takeover".

Perth-based property developer Peet Ltd said it remains "deeply concerned" over gas emissions from a disused landfill site neighbouring one of its estates in Victoria.

Western Australia's Nationals say they are getting down to the "business end" of choosing whether to form a government with Labor or the Liberals as both parties submit their power sharing proposals.

Premier Alan Carpenter has retained his party's leadership after a meeting of cabinet ministers today as the Liberal Party closes in on Labor in the crucial seat of Albany.

A scoping study into Perth-based Heron Resources Ltd's Yerilla operation, which includes the Jump-up Dam project, has estimated a capital cost of $1.2 billion with a payback period of six-and-a-half years.

Brisbane-headquartered contractor John Holland secured a $125 million contract for construction works at the $2 billion expansion of the Worsley Alumina refinery in Western Australia.

Chinese company Sinosteel Corporation has today emerged with a 70.2 per cent holding in takeover target Midwest Corporation Ltd following yesterday's surprise acceptance by former suitor Murchison Metals Ltd.

Ausdrill Ltd has blamed a fall in the company's share price on hedge fund selling after comments from suitor Macmahon Holdings Ltd that its takeover bid was unlikely to succeed.

$3bn costs delay Newmont mine; Jobs surprise adds to RBA rate dilemma; NAB woes aren't over, ABN warns; ANZ Capital chief leaves in lending review; Grylls says no deal with Labor unless Carpenter is in charge

Sinosteel is a step closer to full control of Midwest Corporation Ltd after Midwest shareholder Murchison Metals Ltd reversed its previous opposition to the Chinese company's takeover offer.

Unites States company Cleveland-Cliffs is looking to spend nearly $600 million on acquisitions in Western Australia as it moves to fully own iron ore miner Portman Ltd and acquire a 30 per cent slice in explorer AusQuest Ltd.

Some 50 per cent of shareholders have passed up Perth-based Axiom Properties Ltd's rights issue, with the company managing to raise $5.7 million from a targeted $11 million.

Shares in Perilya Ltd have dropped by over 40 per cent on news it will sell its Mount Oxide copper and cobalt project to West Perth-based Chalice Gold Mines Ltd in a scrip deal worth $25 million.

AusQuest Ltd director John Ashley said he is not concerned of a takeover by acquisitive US company Cleveland-Cliffs, which will take a 30 per cent stake in the Ardross-based minerals explorer.

Western Australia's Nationals party has been handed more power in the outcome of the state election, with independent member for Kalgoorlie John Bowler announcing he will side with the party, potentially strengthening the Liberal claim to government.

The Federal Court of Australia has ordered a meeting of Aquila Resources Ltd's shareholders in October to consider the 'scheme' for the demerger of certain of the company's exploration interests in new company Aquila Exploration Limited.

The schedule for Australia's largest gold mine could be extended as manager Newmont Mining Corporation said work on the Boddington operation is now 83 per cent complete.

The Western Australian Electoral Commission is aiming to have an election result by the end of this weekend as postal votes make their way to the counting room.

Ausdrill Ltd joint venture vehicle, African Underground Mining Services, has won a four-year $90 million production mining contract with the West African Red Back Mining.

Air passengers travelling with Skywest will be able to save a few dollars with the recent decline in oil prices prompting the airline to decrease it fuel surcharges, however Qantas and Virgin Blue have indicated they won't be moving any time soon to cut t

The Chamber of Commerce and Industry WA said the introduction of an emissions trading scheme could potentially present the biggest challenge to business and industry over the last 50 years, as it lodged its submission with the federal government today.

Western Australia has recorded the country's lowest jobless rate for August with the latest national figures surprising economist who say the overall fall lessens the chance of an October interest rate cut.

Rio Tinto has emerged as the mystery buyer behind an 11 per cent parcel of shares in uranium explorer Extract Resources Ltd, which could be a hurdle in the company's planned merger with West Perth-based Kalahari Minerals Ltd.

The Kimberley Land Council has released its shortlist of potential site suitable for the development of a liquified natural gas hub with the government's Northern Development Taskforce to release its shortlist after the election result is known.

Western Australia's Treasury has thrown an obstacle in the path of negotiations on the formation of a state government.

US stocks wobbled higher today as investors mulled troubled investment giant Lehman Brothers' news of hefty losses and plans to sell assets to shore up its finances.

Nats demand 'risks rating'; Seven's $320m buyback will hand Stokes majority control; Lehman woes rattle global markets; Sinosteel talks Midwest chief into leaving, eyes 13.2pc stake; Dollar sinks below 80 US cents