Premier Colin Barnett has confirmed plans for an initial public offering of Western Power are on the table, while the opposition has blamed the privatisation plans for the alleged cancellation of a contract with a major supplier.
Henderson-based shipbuilder Austal has won a $US12 million ($A15.6 million) contract to provide maintenance work on a littoral combat ship it is currently building for the US Navy.
Rox Resources’ joint venture partner Teck Australia has matched a competing bid for the company’s stake in the Reward zinc-lead project in the Northern Territory for up to $20.6 million.
Adolfo Valderas has taken over as the new chief executive of CIMIC Group, which is on track to deliver a full-year net profit of at least $520 million.
BHP Billiton has reaffirmed its full-year production guidance across all its segments, other than copper, as it sees early signs of a recovery in the commodities markets.
Wall Street has advanced to give the S&P 500 its best day of October on the heels of solid earnings reports from companies such as UnitedHealth and Netflix that put corporate profits on track to snap a four-quarter streak of declines.
Gold prices have risen, supported by weakness in the US dollar index, although receding worries about the outcome of the US election and expectations of a US rate increase in December could mean lower levels.
Oil has settled higher as expectations of OPEC output curbs lifted prices despite forecasts that data would show a second straight weekly build in US crude stockpiles.
Curtin University is set to benefit from the listing today of ePAT Technologies, which adds to a steady flow of tech companies that have attracted support from investors over the past six months.
NXT nixes big business tax cutsThe Turnbull government’s plan to deliver a 25 per cent company tax rate within a decade appears doomed with South Australian senator Nick X
Wagering giants Tabcorp and Tatts Group have revived the likelihood of a merger that would create a $9 billion gambling behemoth, less than a year after initially failing to reach a deal.
The state government has talked up the benefits of its transport plan for the new Perth Stadium, with up to 23,000 patrons expected to take one of the two bridges crossing the Swan River as they exit the stadium after an event.
There’s a lot that can be learned from other people’s mistakes, or in the case of electricity and transport systems, from the mistakes made in another state.
Grain handling cooperative CBH Group has opened itself up to increased competition in the provision of grain transport services, following a review by the competition watchdog.
Rio Tinto has hit back at accusations by Nationals WA leader Brendon Grylls that large miners had failed to live up to their contractual obligations in state agreements with the government, after he stepped up his campaign to increase taxes on iron ore production today.
Artificial intelligence company OpenDNA has announced plans to list on the ASX, with Perth-based stockbroker Argonaut to lead a $10 million initial public offering.
Wall Street has ended modestly lower as energy stocks retreated along with oil prices, while Amazon and Netflix weighed on the consumer discretionary sector.
Oil prices have settled lower, weighed by oversupply concerns, with a spike in trade volume driving US prices below US50, but losses were limited amid a projected drop in American shale output.
The price of gold has risen, partly lifted by steady flows into exchange-traded funds (ETFs) and a dip in the US dollar after touching seven-month highs.
The Australian dollar has continued to climb against the US dollar, which traded lower against most of the major currencies in the wake of a softer manufacturing sector report.
