THE Australian stock market is expected to bring some Christmas cheer to battered investors this morning, after US stocks jumped 1.5 per cent on Friday and metal prices strengthened in London.
Archive for December, 2007 Page 2 of 22
NEWS Corporation has agreed to sell eight of its Fox television stations in the US to private-equity firm Oak Hill Capital Partners for about $US1.1 billion ($1.28 billion).
THE battle of brinkmanship between BHP Billiton and its buyout target Rio Tinto will escalate after British authorities issued the first firm deadline in the protracted takeover affair.
BRITISH pay-TV firm BSkyB could lose millions of pounds after a regulator said it should sell more than half of its 17.9 per cent stake in ITV because of competition concerns.
BLUESCOPE Steel has defied the global credit crunch after securing cheap debt from a clutch of US banks to fund one of its largest acquisitions.
TOLL Holdings was punished on the ASX yesterday after announcing a $365 million takeover bid for Hong Kong-based freight forwarder BALtrans Holdings at a 41 per cent premium to its share price.
BILLIONS of dollars in two wholesale funds operated by Centro are a “likely” source of money for the company as it scrambles to save itself.
QANTAS will fly between Melbourne and Hong Kong an extra three times a week, from April next year.
EXPLOSIVES maker Dyno Nobel expects its continuous improvement program to deliver $US52 million ($60.68 million) in benefits by 2010.
INSURANCE Australia Group looks set to report a fall in its 2007-08 annual profit of between 13 and 18 per cent, according to three separate broking houses.
