Archive for January, 2008

Norm Carey likely to have travel ban lifted

FORMER Westpoint boss Norm Carey is likely to have a travel ban preventing him from leaving Australia lifted by the Federal Court in Perth.

Tricom: ‘Business as usual’

TRICOM says it expects business to continue as normal and that it remains financially solid, after the broker on Tuesday was unable to meet its trading settlement obligations.

Babcock ‘not a creditor’ of Tricom

BABCOCK & Brown said it is not a material creditor of Tricom and that its business is not affected by difficulties being faced by the broker.

Alumina profit slumps 15pc

ALUMINA has posted a 14.6 per cent fall in annual earnings and says it’s likely to incur higher operating costs in 2008, due to rising energy prices and shipping costs.

Allco hasn’t bailed out Tricom

ALLCO Finance Group says neither the company or funds managing by it have advanced any funds to broker Tricom Equities.

Goodman refinances $800m loan

PROPERTY investment company Goodman Group has refinanced a maturing loan with a new $800 million facility.

Stocks follow Asian markets downward

THE share market closed lower today following a downturn on Asian markets despite gains on Wall Street where investors were anticipating another interest rate cut by the US Federal Reserve.

BHP signs Baosteel iron ore deal

BHP Billiton and its Japanese joint venture partners have signed an agreement to supply Baosteel with an additional 94 million tonnes of iron ore.

Primary extends Symbion takeover offer

PRIMARY Health Care has again extended its takeover offer for Symbion Health, setting February 21 as the new closing date for its bid.

Ticket company to sue NSW Government

ERG plans to take legal action against the New South Wales State Government after saying it had lost about $250 million so far from the cancellation of a contract to develop a smart card for Sydney’s transport network.





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