Tag: Company News
Airlines face multi-million payout to travel agents
Airlines are facing multi-million-dollar payouts over years of underpayments to travel agents after losing a last-ditch legal bid [MORE]
Clem7 bosses collect $1m in bonuses
Five executives of the company that operates Brisbane's Clem7 tunnel have received bonuses totalling more than $1 million.[MORE]
Nufarm faces class action for profit downgrade
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.[MORE]
Telstra announces SouFun float
Telstra's Chinese online real estate subsidiary SouFun has filed for an initial public offering (IPO) with the United States Securities and Exchange Commission.[MORE]
Forestry breaks silence on industry future
Forestry Tasmania has done nothing to quell speculation it's considering becoming a woodchip exporter when Gunns stops logging native forests. [MORE]
Ailing tunnel project takes toll on investors
Investors in the Clem7 toll road project have turned their attention to legal action over grossly over-estimated traffic forecasts.[MORE]
Wesfarmers boss describes 'worst call'
The head of Wesfarmers has described the phone call alerting him to a death at one of the company's mines as the worst call a chief executive can get. [MORE]
Fairfax board spots filled by ex-journo, media CEO
Fairfax Media has fulfilled a pledge to appoint directors who have media experience to its board.[MORE]
Foster's loses CFO to Asciano
The chief financial officer at Foster's Group Angus McKay has announced he is resigning and will leave the company towards the end of the year.[MORE]
Hardie loses appeal, faces $370m tax bill
James Hardie has lost an appeal against the Australian Tax Office, meaning it could be forced to pay about $370 million in tax liabilities. [MORE]
Dial your own cabbie service to start next year
A new taxi service due to be launched next year in Newcastle aims to give customers the chance to develop a relationship with individual drivers and call them direct.[MORE]
New mine cleared to start production
Another South Australian iron ore mine is expected to start production early next year.[MORE]
Brazilian car deal for Holden
Holden has signed a deal with Chevrolet to export cars to Brazil.[MORE]
Computer giant to pay $60m in fraud case
US computer firm Hewlett Packard will pay more than $60 million to settle claims that it defrauded the American government.[MORE]
Tunnel owner reports billion dollar loss
The owners of the Clem7 tunnel in Brisbane have posted a $1.6 billion dollar loss for the year to June.[MORE]
Golden handshake for Lihir chief
The chief executive of Lihir Gold has received a payout of nearly $3 million, with the company now under the control of Newcrest Mining.[MORE]
Profits surge bodes well for economy
Economists say a surge in company profits over the June quarter bodes well for this week's economic growth figures.[MORE]
Telstra boss unfazed by political uncertainty
Telstra's chief executive says the uncertainty surrounding the election outcome will have little effect on the company.[MORE]
Profit slump for Beach Energy
Beach Energy has reported a $33 million net profit for the year to the end of June.[MORE]
New gas plant owners say 'exciting times' ahead
The new owners of a coal seam gas plant at Moura, south-west of Gladstone in central Queensland, say they hope to double production within the next year. [MORE]
Riverfront expansion planned for Adelaide casino
Casino operator SkyCity says a planned expansion in Adelaide will cost up to $250 million.[MORE]
DJs sex case widens
A $37 million sexual harassment claim against retailer David Jones could be expanded to include complaints by other staff.[MORE]
Miner happy with profits despite slump
Despite recording a 35 per cent slump in first-half profits, mining company Perilya says it is still pleased with the results.[MORE]
David Jones sex case returns to court
A $37 million sexual harassment claim against David Jones and former boss Mark McInnes returns to the Federal Court today.[MORE]
Lihir posts last profit before takeover
Lihir Gold has made a first-half profit of $98 million, turning around its fortunes from a loss of about 340 million a year ago.[MORE]
