Aussie stocks lower at noon
May 6, 2008
The Australian stock market is lower at noon led by the banks and a potential interest rate rise.
Westpac may have to boost $17.6 billion St George bid (Reuters)
Reuters - Westpac Banking Corp Ltd , which has bid $17.6 billion for St George Bank in the biggest banking takeover ever in Australia, is bracing for rival offers to emerge that could push the price tag even higher.
Westpac Banking Corporation and St George banks in merger talks
Westpac Banking Corporation, Australia's oldest company, is in talks with St George, a former building society, about merging to form a A$64 billion ($£31 billion) institution.
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.
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.
Westpac says Gail Kelly a 'great asset'
Westpac Banking Corp chairman Ted Evans says CEO Gail Kelly is a "great asset" as the company attempts to buy rival St George Bank.
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.
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.
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.
Westpac and St George Bank mull £31bn merger
Westpac Banking Corporation, Australia’s oldest company, is in talks with a smaller rival to create a A$64 billion ($£31 billion) institution with a customer base equivalent to about half the size of the country’s population.
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 together for the new chief executive, Gail Kelly.
No Telstra broadband 'on current terms'
Telstra is unlikely to win the right to build the proposed national high-speed broadband network if it insists on wholly owning it, an analyst says.
Telstra fires first shot at Canberra
There are signs the nasty days of brawling between Telstra and the Government may return.
Mega-bank in the making
Westpac enters merger talks with St George Bank to create Australia's largest home lending and wealth management provider.
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
Similar news about Qanta Airways
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.
Apple Hot News - Telstra and Apple to bring iPhone 3G...
MELBOURNE, Australia—30 June 2008—Telstra, Australia’s leading telecommunications and
information services company, and Apple today announced that the highly anticipated...
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.
Telstra shouldn't build, operate network
Optus boss Paul O'Sullivan says Telstra must accept the separation of its network and retail business if it is going to build a national broadband network.
High Court judges throw out Telstra's...
TELSTRA has been dealt a blow to its campaign against regulation after the High Court ruled that rivals should not have to pay more to use its fixed-line telephone network.
Telstra gears up for ad blitzkrieg
TELSTRA'S outgoing brand chief and Sol Trujillo import, Bill Obermeier, will remain in Australia for at least two years to spearhead a "world leading" digital marketing venture...
Westpac, St George talk merger
Westpac enters merger talks with St George Bank to create Australia's largest home lending and wealth management provider.
Rivals kept busy as Telstra takes...
TELSTRA is raising the stakes in its attempt to lift the rent on its copper-wire telephone network by pursuing legal action almost every time the competition regulator releases...
Gillard slams Telstra for ending EBA...
JESSE HOGAN AND CHRIS ZAPPONE The Workplace Relations Minister dismisses Telstra's rationale for ending talks with unions on collective agreements.
Telstra dazzles with bumper profit
Telstra has reported a bumper 13 per cent lift in first half profit, surprising investors who lifted its shares by two per cent.