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Investors await surprises in Westpac earnings

April 30, 2008
Investors will be watching for surprises when Westpac releases its half year results, a week after ANZ Bank revealed nearly $1 billion in provisions against potential losses.
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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 Babcock in Tricom recapitalisation

Investment bank Babcock & Brown says it has joined ANZ Banking Group in the recapitalisation of troubled stockbroking firm Tricom Equities.
04/08/08
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The Sydney Morning Herald Fortescue chair loses $20m in Opes saga

Fortescue Metals Group chairman Herb Elliott appears to have lost more than half of his $38 million fortune after the Opes Prime collapse.
04/07/08
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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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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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The Sydney Morning Herald Westpac momentum tipped to continue

Analysts say Westpac Banking Corporation Ltd is a "safe haven" in the finance sector and are tipping its strong profit momentum to continue.
05/02/08
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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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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 Market dips as Tabcorp, Tatts slump

Australian shares fell 0.5%, as Tabcorp and Tatts Group tumble on the loss of a key market for their slot machines.
04/11/08
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The Sydney Morning Herald ASX over 2% lower at noon

The Australian stock market fell over three per cent following large falls on Wall Street last week and dragged down by local banks.
03/03/08
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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 Westpac likely to outsource 3000 jobs

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...
04/30/08
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The Sydney Morning Herald Takeover talk not surprising: GPT chief

GPT Group chief executive Nic Lyons says it's not surprising the property trust has been the target of takeover talk, given its strong portfolio of assets.
05/01/08
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The Sydney Morning Herald Alumina defends size of its board

Alumina has defended the size of its board amid criticism that it is a "post box" company.
05/01/08
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The Sydney Morning Herald Newcrest expands gold arc in Pacific

NEWCREST Mining is pursuing joint venture opportunities with PT Antam in Indonesia as part of its strategy of building a "Pacific arc" of gold projects.
05/01/08
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The Sydney Morning Herald Woodside fears rising labour costs

Woodside Petroleum maintains its 2008 production guidance, but says scarcity of labour and the rising cost of materials are the largest threats to its growth and profitability.
05/01/08
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The Sydney Morning Herald BHP beefs up WA alumina refinery

BHP Billiton approves an expansion project at Worsley Alumina in Western Australia for an estimated capital investment of $2 billion.
05/01/08
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