Latest Headlines

Perth company director Malcolm MacCormick has pleaded not guilty in the Magistrates Court over an insider trading charge.

Distressed asset sales could become the saviour of many Australian businesses and possibly free up some much needed capital tied up in non-performing bank loans, a financial expert says.

Litigation funder IMF (Australia) has agreed to fund claims by various former clients of Perth stockbroker Todd King against Australian Stockbroking and Advisory Services.

Tourism Western Australia have selected Sydney-based creative agency Host to take control of its advertising account, beating out the only local agency that remained on the short list, 303.

Property developer Port Bouvard has booked a $29 million net loss for the 2009 financial year which includes a more than $30 million asset impairment charge as a result of a weakening property market.

West Perth-based software and services provider Stratatel has acquired private IT company Resource Systems and Services for $500,000.

Subiaco-based Liberty Resources has signed an agreement with private company Clean Global Energy to develop an underground coal gasification project in Queensland.

The federal government has quashed Rio Tinto's push for the government to consider nuclear power as a way to meet climate change targets.

Environment Minister Donna Faragher says key recommendations have emerged from a review of the practice of clearing native vegetation in Western Australia.

Labor Party defector Vince Catania has denied misappropriating tens of thousands of dollars from the state Labor Party at last year's state election.

Opposition spokesperson Ben Wyatt says the state's finances are in disarray after the latest monthly treasury figures show government expenses had increased by $2 billion.

Emergency waiting time worst in nation; Iron ore spot price poised to jump 12%; Power pressure - business battles soaring energy bills; Harvey says signs are good after sales boost; Last rate cut for some time

BHP Billiton Iron Ore and World Vision have teamed up to form a $5 million partnership to boost care and health activities for pre-school aged children in the east Pilbara.

Shares in nickel miner Mincor Resources closed nearly 20 per cent higher today, driven by a positive quarterly report where higher production and lower cash costs generated a net cash flow of $17.9 million.

Miner Magellan Metals has stressed that its export process of lead carbonate concentrate meets the strictest conditions after a freight train derailed near houses in Fremantle.

Mining identity Andrew Forrest has donated around $10,000 worth of share to his charity, The Australian Children's Trust.

China's biggest offshore oil and gas producer China National Offshore Oil Co (CNOOC) is poised to kick off its first major drilling program in Australian waters as it seeks to match Japanese rival Inpex by establishing its own Australian production base.

Atlas Iron says it will increase the size of its $11.7 million share purchase plan by 28 per cent to accommodate for a substantial amount of oversubscriptions.

Mining services company Imdex and drilling specialist Coretrack have agreed to a $28.4 million merger that will create an entity focused on the burgeoning oil and gas sector.

Labor defector gives Nationals more power; Dioro set for tie-up, blocking Avoca bid; Bank results boost shares; Produce prices lowest in 10 years; Coalition torn over climate

Western Australia appears to have weathered the global economic downturn but the resource-rich state must still rely on China's appetite for bulk commodities to stay in the clear, according to Access Economics.

The state government has committed more than $6 million towards upgrades at 30 regional airports across Western Australia.

The competition watchdog has proposed that the Retail Energy Market Company continue operating the market rules in Western Australia and South Australia.

South Perth-based Uranium Australia is gearing up for a local stock market listing in October as it receives expressions of interest from brokers to underwrite its $6 million initial public offer.

The state opposition has again slammed the Barnett government's 3 per cent budget cuts with Department of Health the latest to reveal a fire sale of $1.8 million worth of land.

Australia's bid to host the $2.6 billion Square Kilometre Array project has been given a boost by the federal government, which has committed more than $88 million towards a stake in a complementary telescope in Chile.

The Chamber of Commerce and Industry WA has shown it is not immune from the economic downturn after the business lobby group confirmed today it had retrenched around 12 employees.

The low key takeover battle for Target Energy has ended with suitors Advance Energy and Odin Energy allowing the "overvalued" offer to lapse.

Takeover target Dioro Exploration says it is in advanced discussions with Canadian copper and gold miner Northgate Minerals Corporation as original suitor Avoca Resources extends its $68.5 million offer.

BC Iron is one step away from receiving full support from Fortescue Metals Group for its $43 million Pilbara iron ore project, with the miner requesting one further test.

Chinese step up pressure on Barnett over Oakajee; Rising ore prices buoy Rio; Rudd resists ACTU's Buy Australian push; Telstra hears demerger call; Capital floods in at record rate

Coote Industrial will be able to make a start on its growth objectives after it received a $44 million payment from Greentrains while it enters into a major shareholding deal with Elphinstone Group.