Archive for November, 2007 Page 2 of 28



Visy added to $300m class action suit

A JUDGE has ordered that cardboard manufacturing giant Visy be added to a $300 million class action against its rival Amcor.

Visy added to $300m class action suit

A JUDGE has ordered that cardboard manufacturing giant Visy be added to a $300 million class action against its rival Amcor.

Woolworths cleared on NZ expansion

AUSTRALIA’S biggest retailer, Woolworths, has welcomed a decision by New Zealand’s High Court to overturn a ruling blocking the supermarket and its rival, Foodstuffs, from bidding for The Warehouse Group.

Nearly half of companies not well run

MORE than 40 per cent of mid-cap companies listed on the Australian Securities Exchange have corporate governance standards that are inadequate, according to research.

David Jones benefits from strong economy

UPMARKET retailer David Jones has reconfirmed its guidance for the 2008 financial year and says it is well positioned to captitalise on upbeat consumer spending this year.

Stock market surges 100 points

AUSTRALIAN shares have opened on the front foot from a strong Wall Street lead and renewed optimism in the local banks.

NAB to buy US bank for $900 million

NATIONAL Australia Bank will buy Great Western Bancorporation, the holding company of Great Western Bank, a regional bank based in Sioux Falls, South Dakota, for $US798 million ($898.5 million).

NZ investigates Qantas fuel surcharges

NEW Zealand’s competition watchdog has begun an investigation into claims that airlines, including Qantas, were involved in price-fixing air cargo fuel surcharges.

Regulators to have final say on BHP-Rio

IT’S not all over if BHP Billiton gets Rio Tinto to accept a $US120 billion ($137.21 billion) buyout offer. Regulators must agree that building the world’s mining leader won’t hurt competition.

Oil prices plummet on US data

OIL prices weakened overnight after news that US energy inventories had fallen less than expected last week and as Saudi Oil Minister Ali Al-Nuaimi refused to be drawn over whether OPEC would hike output.





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