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The Sydney Morning Herald

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Australian Securities Exchange (7) St. George Bank (2) National Australia Bank (1) TELSTRA Corp. Ltd. (1) Commonwealth Bank (1)

Westpac likely to outsource 3000 jobs

April 30, 2008
WESTPAC is expected to shift the work of up to 3000 back-room staff to overseas locations such as India over the next three years in an accelerated plan to cut costs being put together for the new chief executive, Gail Kelly.
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The Sydney Morning Herald

Santos dodges takeover talk

Santos says it is in the early stages of considering "various strategic initiative", in response to a query from the Australian Securities Exchange (ASX).
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Red Wings reward Babcock for winning Stanley Cup (AP)

AP - Mike Babcock's new contract allows the oldest of his three children to graduate from the same high school she's attending. And if all goes well with the Detroit Red Wings over the next three years, Babcock's younger two kids likely will get the same opportunity.
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The Sydney Morning Herald Babcock plunges further

Babcock & Brown, Australia's second-largest investment bank, plunged further, falling almost a third in early trading.
06/13/08
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The Sydney Morning Herald ASX buoyed by earnings results

The Australian share market closed firmly in the black as solid earnings results from Telstra, Qantas, Fairfax and other major companies.
02/21/08
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The Sydney Morning Herald Babcock & Brown forecasts 15% growth

Babcock & Brown has forecast annual profit growth of at least 15 per cent in 2008 after it posted a large rise in 2007 annual profit.
02/21/08
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The Sydney Morning Herald Crown casinos continue to expand in US

Casinos operator Crown is continuing to expand in the United States and says its Australian casinos are performing strongly.
02/20/08
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The Sydney Morning Herald Westpac offer 'in the ball park'

Most analysts say Westpac's offer of $33.10 for each St George share is fair, but some are still hoping for more.
05/13/08
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The Sydney Morning Herald Orica to demerge consumer products

Orica Ltd plans to demerge its consumer products business into a separate company and raise up to $900 million through an entitlement offer.
07/21/08
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Australian merchant bank Babcock and Brown faces lenders

Babcock & Brown Ltd., Australia's second-largest merchant bank that last week lost half its market value, is accelerating an examination of its listed funds as it faces its bankers over a potential review of its 2.8 billion Australian dollars (US$2.7 billion) corporate debt facility.
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iLounge

Review: iASUS Concepts Mobile Amp

Like some other such devices, including Upbeat Audio’s Boosteroo Revolution, the pitch here is that you plug this in to the headphone port of your iPod, then turn your iPod down to a lower volume level, and use the external amp to boost the audio signal, resulting in lower iPod battery consumption and a higher maximum signal output to connected headphones. While this adds the inconvenience of dual battery charging and will be of little to no…
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Yahoo! News BHP Billiton raises hostile bid for...

AFP - BHP Billiton sweetened its hostile takeover bid for Rio Tinto on Wednesday by lifting its valuation of the mining giant to 147.4 billion dollars as it seeks to exploit a...
02/06/08
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Yahoo! News BHP Billiton raises hostile bid for...

AFP - BHP Billiton sweetened its hostile takeover bid for Rio Tinto on Wednesday by lifting its valuation of the mining giant to 147.4 billion dollars as it seeks to exploit a...
02/06/08
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The Sydney Morning Herald BHP and Rio Tinto lead market higher

The Australian sharemarket closed higher yesterday, boosted by strong rises in global miners BHP Billiton and Rio Tinto.
05/14/08
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The Sydney Morning Herald Telstra gives in on network plan

The major impediment to companies other than Telstra bidding for the $4.7 billion broadband tender looks to have been cleared.
05/12/08
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The Sydney Morning Herald Telstra hangs up on CDMA

Telstra mobile customers still accessing its CDMA network have less than two weeks before the analog service is shut down.
04/15/08
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The Sydney Morning Herald Telstra's T3 investors get their just...

With the final T3 instalment payments due within days, the end of government ownership of the telco is imminent.
05/23/08
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The Sydney Morning Herald

Fairfax moves to unwind margin loan

THE Fairfax Media director John B. Fairfax has unwound a margin loan over 159 million of the publisher's shares, which was believed to have prompted short-sellers to target the stock over recent weeks.
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The Sydney Morning Herald

GPT operating profit up

GPT Group has reported a 14.5 per cent fall in annual earnings and says it expects to maintain distributions in 2008, given challenging market conditions.
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The Sydney Morning Herald Telstra brands ACCC a 'rogue regulator'

Telstra Corporation has called the competition watchdog a rogue regulator which did not understand that much higher broadband speeds are needed immediately.
04/10/08
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The Sydney Morning Herald Telstra rivals slam broadband tender

TELSTRA'S competitors have lashed out at the Federal Government after it released details yesterday of the tender for a national $8 billion-plus broadband network which they...
04/11/08
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The Sydney Morning Herald Of Telstra, and Tricom

Telstra looms now that Murdoch and Packer's takeover plans for CBH have failed. Meanwhile, Babcock & Brown and ANZ move on Tricom.
04/07/08
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WRAL.com Australia's Westpac offers $14B for...

Westpac Banking Corp. said Monday it has approached rival St. George Bank Ltd. with a $14 billion takeover offer that could lead to the biggest shakeup of Australia's banking...
05/12/08
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International Herald Tribune Westpac approaches St. George in...

Westpac Banking Corp. said Monday it has approached rival St. George Bank Ltd. with a 15 billion Australian dollars (US$14 billion; €9 billion) takeover offer that could be...
05/12/08
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Yahoo! News Australia's Westpac bids $17.6...

Reuters - Westpac Banking Corp Ltd launched a $17.6 billion all-share bid for smaller rival St George Bank Ltd in a tie-up that would create Australia's biggest bank by...
05/13/08
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