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Govt red tape blamed for cheap housing group s demise
[ABC] - A developer is blaming a lack of support from the Tasmanian Government for the demise of the Government s affordable housing organisation.Tasmanian Affordable Housing Limited, or TAHL, was set up three ...
[ABC] - Paul Hogan has reached an agreement with the Australian Tax Office (ATO) that will allow the actor to return to the United States.The Crocodile Dundee star had been banned from leaving Australia because ...
Middle Is. Resources plans $12.5m IPO
[AAP] - Mineral explorer Middle Island Resources Ltd says it will pursue a $12.5 million initial public offer (IPO) later this year as it moves to develop a gold business in West Africa.Managing director Rick ...
Andean backs Goldcorp bid, snubs rival
[AAP] - Sydney-based gold explorer Andean Resources Ltd has agreed to be taken over by Goldcorp Inc, potentially thwarting a rival bid by fellow Canadian gold miner Eldorado Gold Corporation.Andean shares rose ...
Cougar shares slump again as CFO quits
[AAP] - Shares in beleaguered underground coal gasification (UCG) hopeful Cougar Energy Ltd sunk to a three-year low after its chief financial officer (CFO) resigned.Cougar said in a statement on Friday that Rodney ...
Airlines face multi-million payout to travel agents
[ABC] - Six international airlines including Qantas have lost a last-ditch legal bid over years of underpayments to travel agents and will soon be facing multi-million-dollar payouts.The airlines collectively ...
[AAP] - The Australian dollar closed little changed in contrast to volatile trading earlier in the week, with traders on the sidelines ahead of key US employment data.At 1700 AEST on Friday, the local unit was ...
Shares subdued, Aristocrat falls on Wilkie s pokie plan
[ABC] - It was a cautious day s trade ahead of employment figures out in the US tonight, but the chance of increased poker machine regulation and various shareholder legal actions drove some stocks lower.Aristocrat ...
Clem7 bosses collect $1m in bonuses
[ABC] - Five executives of the company that operates Brisbane s Clem7 tunnel have received bonuses totalling more than $1 million despite the company posting a $1.67 billion loss last financial year.RiverCity ...
Sigma to defend possible legal action
[AAP] - Sigma Pharmaceuticals Ltd says it may be sued in a class action related to the generic drug maker s equity raising in September 2009. Sigma advises that it has received correspondence foreshadowing ...
Nufarm likely to face class action
[AAP] - Agricultural chemicals supplier Nufarm Ltd is likely to face a class action from shareholders alleging it engaged in misleading conduct relating to profit forecasts.Law firm Slater & Gordon said on Friday ...
NQM takeover battle takes another twist
[AAP] - The takeover battle for North Queensland Metals Ltd (NQM) has taken another twist, with the recommended offer from Heemskirk Consolidated Ltd withdrawn and a mystery rival bidder coming to the table.In ...
Australia shares end firmer; banks slip, Andean soars
[Reuters Australia] - MARKETS-AUSTRALIA-STOCKS (UPDATE 4):Australia shares end firmer; banks slip, Andean soars
Qantas facing payback of commissions
[AAP] - Qantas Airways Ltd may be forced to pay back millions of dollars in commissions to travel agents after it failed in a bid to overturn a Federal Court ruling.The High Court on Friday dismissed an application ...
Fortescue rejects Leucadia claims
[AAP] - Mining company Fortescue Metals Group Ltd has rejected a claim for damages from its third largest shareholder in relation to a 2006 loan agreement.Fortescue was hit by a writ from Leucadia National Corporation, ...
NZ sharemarket rises for third straight
[AAP] - The New Zealand sharemarket rose for a third consecutive day, but trading was tentative ahead of the non-farm payroll report in the United States.Rising risk aversion took a toll on equity markets during ...
Business calls for carbon tax intensify
[AAP] - The head of property giant Lend Lease has called on business leaders to support the introduction of a price on carbon and an emissions trading scheme, saying climate change should be put firmly back on ...
Environmentalists say too much heavy industry in area as approval given to plant
[ABC] - A South West environment group says it is disappointed the Federal Government s has given environmental approval for a urea plant to be based in Collie.Perdaman Chemicals and Fertilisers $3.5 ...
US mutual recognition a long way off
[AAP] - The corporate watchdog says moves to align Australia s stock exchange disclosure rules with those of the United States are still a long way off despite closer cooperation between the two nations.Australian ...
Wind up order sought on Great South Land Minerals
[ABC] - Legal action has been launched against Tasmanian exploration company Great South Land Minerals over allegations it has failed to pay a contractor.The company says it will vigorously defend ...
[AAP] - The company secretary and chief financial officer of embattled gas developer Cougar Energy has resigned.Cougar is in talks with the Queensland government to resolve uncertainty over an environmental protection ...
Terramin continues acquisition search
[AAP] - Zinc miner Terramin Australia Ltd says it continues to hunt for acquisitions.Investor relations manager Ian McAleese told the Paydirt Africa Down Under conference in Perth on Friday that the company wanted ...
Rate rises: question is when, not if
[AAP] - Borrowers are likely to be spared an interest rate rise from the Reserve Bank of Australia (RBA) on Tuesday because of a series of mixed economic indicators over the past month.All 15 economists surveyed ...
Qantas affirms its two-airline strategy
[AAP] - Qantas Airways says global operating conditions have rebounded from historic lows, but the aviation industry remains competitive, challenging and potentially volatile.And the airline, in its annual report, ...
Nufarm faces class action for profit downgrade
[ABC] - A legal firm says it has been approached by shareholders of the agricultural chemicals group Nufarm, after the company halved its profit forecast in July.Slater and Gordon says it expects to launch a class ...

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