ASX high at noon as Wall St soars
August 6, 2008
The Australian stock market was up at noon as News Corporation Ltd reported robust fourth-quarter and full-year results.
Babcock & Brown shares dive on fee flow fears
Babcock & Brown, the worst- performing stock on the MSCI Asia-Pacific Index, fell on concerns that credit market turmoil may cut proceeds from asset sales to reduce debt.
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.
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.
Westpac expect 8% cash earnings growth
Westpac Banking Corporation says it is on track to deliver 2008 cash earnings growth of between six and eight per cent.
Babcock plunges further
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling almost a third in early trading.
Qantas reports strong fare sales in US
Qantas is reporting strong fare sales to US tourists and business travellers, despite a fortnight of bad press.
Qantas names new chief
Qantas names Alan Joyce, the head of its Jetstar offshoot, as chief executive of the airline group.
Qantas jumbo to debut in October
Qantas has confirmed its new A380 super jumbo will make its debut flight for paying passengers on October 20.
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.
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. 
Qantas Probe Focuses on Cylinder
Investigators suspect that an oxygen bottle exploded and punched a 9-foot-long hole in the fuselage of a Qantas jet. Now, Boeing is considering stepped-up inspections of such...
Qantas names Jetstar's Joyce to...
Reuters - Qantas Airways Ltd said on
Monday Alan Joyce will take over as chief executive, taking the
baton from Geoff Dixon who steps down after a string of belt
tightenings...
Qantas jet lands with gaping hole in...
AP - The 346 passengers were cruising at 29,000 feet Friday when an explosive bang shook the Qantas jumbo jet. The plane descended rapidly. Oxygen masks dropped from the ceiling...
Qantas jet lands with gaping hole in...
AP - The 346 passengers were cruising at 29,000 feet Friday when an explosive bang shook the Qantas jumbo jet. The plane descended rapidly. Oxygen masks dropped from the ceiling...
Qantas full-year profit up 44%
Qantas has increased its full year profit by 44.1 per cent but says it is starting to feel the effect of higher fuel costs amid an uncertain economic outlook.
Qantas passenger revenues up 4.3%
Qantas says its May group passenger numbers increased by 3.9 per cent over the previous year.
Australian regulator announces special investigation into Qantas (AFP)
AFP - Australian civil aviation officials on Sunday announced an unprecedented special review of Qantas after three mid-air dramas in the space of two weeks threatened to tarnish its safety record.
Australian regulator announces special investigation into Qantas (AFP)
AFP - Australian civil aviation officials on Sunday announced an unprecedented special review of Qantas after three mid-air dramas in the space of two weeks threatened to tarnish its safety record.
Qantas gets more passengers
Qantas says its passenger numbers in May increased by 3.9% over the previous year.
Qantas profit up but outlook uncertain
Qantas expects a 41 per cent fall in profit this financial year as the airline faces the headwinds of rising fuel costs and a slowing global economy.
Downgrade likely for Qantas profit as...
QANTAS'S profit next year is expected to be slightly less than the $558 million investors had expected after the airline revealed that promised growth in flights would not occur.
Australia approves Chinalco's stake...
Australia has approved Aluminum Corp. of China Ltd.'s stake in miner and takeover target Rio Tinto Ltd., Treasurer Wayne Swan said Sunday.
Qantas cuts 4 pct of workforce,...
Reuters - Australia's top airline, Qantas Airways
Ltd , will cut 4 percent of its workforce and scrap its
growth plan for the coming year, saying the business would be
at...
Qantas shares rise marginally
Shares in Qantas rose marginally on Friday after the airline said it would cut 1,500 jobs from its workforce as it battles rising costs.