Tag: Company News
Citigroup shares dive on merger reports
Shares in banking giant Citigroup have fallen for the fifth straight day in US trade overnight.[MORE]
Conroy urges rethink on Telstra CEO pay
Federal Communications Minister Stephen Conroy has told the Telstra board it should reconsider its decision on executive pay.[MORE]
Telstra workers vote on strike action
Telstra workers are voting on whether to take urgent industrial action over pay claims at the company's annual general meeting.[MORE]
Big Orange stays in Riverland hands
A Riverland man has purchased the former local attraction, the Big Orange.[MORE]
Rann to discuss Nyrstar future under emissions trading
South Australian Premier Mike Rann will hold discussions with the operators of the Port Pirie smelter today.[MORE]
Energy firm abandons billion-dollar Qld plans
Residents of a Darling Downs town in southern Queensland say they are disappointed that an energy company has cancelled plans for a billion dollar gas-to-liquids plant.[MORE]
Fertiliser plant clean-up planned
A development application has been lodged for the first stage of major remediation works on a fertiliser manufacturing plant at Lake Macquarie.[MORE]
Lead shipments at Fremantle under consideration: Faragher
The Minister for the Environment, Donna Faragher, says she is still considering a plan by the mining company Magellan Metals to transport lead through the Port of Fremantle, but she has noted the strong community opposition.[MORE]
Valves workers hopeful of getting pay by Christmas
More than 100 workers made redundant from Ballarat company John Valves, are hopeful they will be paid their entitlements by Christmas.[MORE]
Ford workers welcome news of jobs reprieve
Hundreds of Victorian Ford workers who were expecting to lose their jobs have now been told their employment is secure.[MORE]
Proposed lead shipments spark protest in Fremantle
Up to 200 people have turned out in to protest against the shipping of lead through the Port of Fremantle.[MORE]
ASIC called on to probe John Valves collapse
Corporate watchdog ASIC will be asked to investigate the finances of failed Ballarat manufacturer, John Valves. [MORE]
Business group considers Colac fuel co-op
A Colac business group is investigating setting up a fuel cooperative in the town, to bring down the bowser price.[MORE]
CBH spends $50m boosting storage, handling
Western Australia's grain handler has spent $50 million improving its storage and handling network in time for the harvest.[MORE]
John Valves liquidated, union demands answers
Central Victorian company John Valves is set to be liquidated and 130 employees have been stood down, prompting unionists to demand an investigation.[MORE]
Nickel project to close amid economic woes
A Kimberley nickel project has become the latest casualty of the global economic downturn, with the Copernicus Project to shut down in coming weeks.[MORE]
Gunns says profit forecast on track
Shares in Tasmanian timber company Gunns have fallen another three per cent in morning trade. [MORE]
Growcom posts $840k loss
The horticulture industry group Growcom has declared a loss of more than $840,000 for the last financial year.[MORE]
Wineries may lose chardonnay plantings
Winegrape growers say it is inevitable more of the Murray Valley's chardonnay plantings will go after pricing indications from wineries this week.[MORE]
Gillard warned against CFK bailout
One of New South Wales' peak child services bodies has warned the Federal Government against propping up another failed childcare operator. [MORE]
Truck company defends Brisbane job cuts
Volvo Commercial Vehicles Aust has defended its decision to make 130 Brisbane staff redundant one week before Christmas.[MORE]
Gunns preoccupied with mill project: Analyst
A Tasmanian financial commentator has accused the timber company Gunns of being preoccupied with building its proposed pulp mill to the detriment of its economic performance.[MORE]
Volvo cuts 130 jobs at Brisbane factory
One-hundred-and-thirty workers at the Brisbane factory of Volvo Commercial Vehicles Australia have been told they will lose their jobs the week before Christmas.[MORE]
Latest childcare centre closures 'not beginning of domino effect'
Julia Gillard has moved to reassure parents of children at CFK childcare centres that the Government is in talks with the company's administrator.[MORE]
Babcock and Brown to cut 850 jobs
Troubled investment bank Babcock and Brown plans to cut about 850 jobs as it seeks to pay off debt.[MORE]
