Rio Tinto spins iron ore deal into bid defense (Reuters)
Reuters - Shares in global miner Rio Tinto gained over 1 percent on Tuesday after it won a huge price rise for iron ore shipped to China, giving it a chance to trumpet its defense against a $163 billion takeover bid.
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. 
Babcock plunges further
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling almost a third in early trading.
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.
Rio Tinto wants more China partnerships
Rio Tinto would like to work with Chinese state firms to develop mining projects around the world, chief executive Tom Albanese says.
Analysts warn of Transurban 'takeover'
Disappointed investors cut almost 15 per cent off the value of Transurban Group after the toll roads operator signalled cuts to its future distribution payouts.
Rio Tinto to hike iron ore price for...
AFP - Anglo-Australian mining group Rio Tinto said Monday that it had agreed a near doubling of the price of its iron ore sales to Chinese steel maker Baosteel.
China's Baosteel agrees to nearly...
China's biggest steel producer, Baosteel Group, agreed to price hikes of up to 96.5 percent with iron ore supplier Rio Tinto, the companies said Monday, amid surging demand for...
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.
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. 
Woolworths insists new chief...
Woolworths' chairman, Richard North, maintained that its retail division can robustly grow its profits yesterday as the group parted company with its chief executive, Trevor...
Transurban to raise almost $1 billion
New Transurban chief executive Chris Lynch has moved quickly to put his stamp on the toll road operator by announcing a capital raising of up to $998 million.
Transurban faces selling pain as it...
The job ahead for infrastructure investment vehicles was laid out by Transurban's new CEO.
Bartolomeu Dos Santos: printmaker and...
Bartolomeu dos Santos was perhaps Portugal's most important 20th-century
printmaker.
Rio Tinto to invest in iron ore studies
Rio Tinto Ltd will spend $A521.96 million on the expansion of its Pilbara operations to increase output to 320 million tonnes per year.
China agrees to pay Rio Tinto nearly...
AFP - China's Baosteel said Tuesday it would nearly double the price it pays mining group Rio Tinto for iron ore, in a deal experts said underscored the Asian giant's lynchpin...
Woolworths shares dive to all-time low after warning of 'marked' downturn
Woolworths had a day to forget yesterday, when it posted a profit warning, revealed dire recent trading, and tore up plans to sell its £200m stake in DVD publisher 2 entertain.
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).
Babcock finds suitors for wind farms
Babcock & Brown's wind power affiliate may get up to $3.2b for assets, which would alleviate concern about the firm's ability to repay debt.
Babcock quiet on sell-off
Babcock & Brown has refused to confirm whether Goldman Sachs JBWere and Deutsche Bank have been named independent advisers.
Qantas flies around strife
QANTAS's share price fell to its lowest level in almost two years yesterday as a prolonged and bitter pay dispute continued to hurt the airline.
Telstra fires first shot at Canberra
There are signs the nasty days of brawling between Telstra and the Government may return.
Orica to build ammonium nitrate plant
Explosives, chemicals and paint maker Orica Ltd will build a new ammonium nitrate plant in Indonesia for about $US550 million ($A585.85 million).
Margin Lenders Cap Funding to Babcock
Three margin lenders stopped funding purchases of Babcock & Brown shares after a sharp drop in the firm's market value.
Lend Lease revealed as BBC mystery buyer
Property giant Lend Lease Corp today revealed itself as the mystery buyer that seized a 6% stake in Babcock & Brown Communities (BBC).
Lend Lease stakes out Babcock arm
Property giant Lend Lease has revealed itself as the mystery buyer that seized a six per cent stake in Babcock & Brown Communities Group.