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Australian Securities Exchange (7) Acquisition (1)

CSL to buy Talecris for $3.48b

August 13, 2008
CSL will buy Talecris Biotherapeutics Holdings, a plasma therapeutics business, for $3.48 billion.
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The Sydney Morning Herald

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.
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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 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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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 Westpac's ray of light

Westpac has so far managed to avoid big problem credit exposures, and should it successfully swallow St George, will become Australia's biggest bank.
08/09/08
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The Sydney Morning Herald Wesfarmers denies buying a bad apple

THE managing director of Wesfarmers has denied that earnings at its supermarkets and bottle shops have gone backwards.
08/21/08
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The Sydney Morning Herald Lend Lease revises expectations

LEND LEASE has joined the growing list of property groups to issue a 10 to 15 per cent profit downgrade for 2008-09 and to flag asset sales - this time due to the collapsing...
08/04/08
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WRAL.com 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.
08/24/08
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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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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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WRAL.com Rio Tinto posts record half-year profit

Rio Tinto Ltd., the world's third-largest mining company, said Tuesday that half-year profit more than doubled to a record on strong demand from China for iron ore and other...
08/26/08
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The Sydney Morning Herald Telstra delays dividend plan but...

TELSTRA has fallen short of bullish market expectations for profit growth this year, disappointing investors who had wanted to begin reaping more benefits from its lauded...
08/13/08
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The Sydney Morning Herald ASX marginally in the red

The ASX was marginally in the red at noon, with gold stocks heavily sold off for the second consecutive day on the back of a falling gold price.
08/12/08
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The Sydney Morning Herald WorleyParsons' billion-dollar solar plan

WorleyParsons is studying the construction of the world's biggest project producing power from the sun's heat, tapping incentives for renewable energy generation.
08/12/08
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The Sydney Morning Herald Turmoil for Qantas as craft grounded

QANTAS yesterday grounded a 747 aircraft because a crucial piece of equipment needed urgent maintenance, leaving the plane's tail at risk of breaking away.
08/12/08
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The Sydney Morning Herald Fortescue to double iron ore production

FORTESCUE METALS is forging ahead with plans to more than double its annual production capacity to 120 million tonnes of iron ore a year.
08/11/08
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The Sydney Morning Herald

CSL to acquire Talecris for $3.4b

Blood products and vaccine firm CSL will acquire Talecris Biotherapeutics Holdings for $3.48 billion to boost its presence in the plasma therapeutics market.
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The Sydney Morning Herald

BlueScope eyes expansion in depressed US market

BLUESCOPE Steel is seeking to expand its presence in the North American market as it enjoys the benefits of higher margins from its export operations.
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The Sydney Morning Herald 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.
08/15/08
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The Sydney Morning Herald Telstra to outdo profit guidance

Telstra is expected to do better than its guidance when it reveals its annual profit results this week, as it increases revenue from its Next G mobile services.
08/10/08
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The Independent Woolworths rejects offer by Iceland...

Woolworths has rejected a surprise offer to acquire its retail division by Malcolm Walker, chief executive of the frozen food specialist Iceland.
08/18/08
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The Sydney Morning Herald 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.
08/08/08
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The Sydney Morning Herald Babcock still has its tickets

And Michael Evans has a special friend he likes to call Mr Snufalufagus.
08/18/08
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The Sydney Morning Herald Telstra executive Burgess to resign

Telstra's head of public policy and communications Phil Burgess is leaving the company and will return to the US, due to illness in his family.
08/18/08
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