Tag: Company News
Fertiliser-maker to use Cockle Creek site for another year
Fertiliser manufacturer Incitec Pivot (IP) will continue to use its Cockle Creek site for at least another year despite announcing the early closure of the factory.[MORE]
Premier says Vic Alcoa jobs are safe
Alcoa workers at Geelong and Portland are being assured their jobs are secure.[MORE]
Alcoa to cut 13,500 jobs worldwide
US-based aluminium giant Alcoa says it will slash some 13,500 jobs, or 13 per cent or its global workforce, and reduce output to cope with the global economic downturn.[MORE]
Sanyo to cut 1,000 jobs
Japanese electronics giant Sanyo has announced plans to slash 1,000 jobs.[MORE]
UK retail giant Marks and Spencer to slash jobs
One of the UK's biggest retailers, Marks and Spencer, is set to slash its workforce as the recession takes hold.[MORE]
Gunns welcomes go-ahead, critics expect protests
The timber company Gunns has issued a statement saying it is pleased Acting Prime Minister Julia Gillard has confirmed it can start building its northern Tasmanian pulp mill immediately.[MORE]
Porsche buys controlling stake in VW
The German luxury sport scar maker Porsche has taken over Volkswagen, the biggest European car maker, by purchasing more than 50 per cent of its shares, Porsche announced.[MORE]
Market ends higher after widespread gains
The Australian share market enjoyed a boost in Tuesday's trade with significant gains recorded in the finance, resources and telecommunications sectors.[MORE]
Finance, resource sectors drive market higher
Strong gains in the finance and resources sectors throughout the afternoon have pushed the Australian share market higher.[MORE]
Grange Resources finalises Chinese-backed merger
Mining company Grange Resources is one step closer to establishing an iron-ore mine near Albany in Western Australia after its $1 billion merger with a Chinese-backed company was finalised.[MORE]
Mazda board to take 20pc pay cut
Figures released by Japan's Automobile Dealers Association show car sales slumped by more than 6 per cent last year, falling to their lowest level since the aftermath of the first oil shock in the early 1970s. [MORE]
Waterford Wedgewood calls in receivers
After more than 250 years of trading, the china and crystal maker Waterford Wedgwood says it has called in receivers after failing to buy more time from creditors. [MORE]
Market ends lower after retreating from early gains
The Australian share market continued to retreat from today's early gains, finishing down at the close of trade.[MORE]
Japanese ABC Learning affiliate to close down
A Japanese education provider with ties to the failed childcare operator ABC Learning says it will shut its doors later this week.[MORE]
Two WA ABC Learning centres officially shut down
Two ABC Learning centres in the Western Australia's South-west and Great Southern have officially been consolidated into neighbouring centres.[MORE]
Mount Gibson shareholders approve rescue package
Shareholders in iron ore miner Mount Gibson have approved a multi-million dollar rights issue aimed at raising money to develop the company's mid-west and Kimberley projects.[MORE]
ABC Learning saga an industry cry for help: LHMU
The LHMU says the crisis that plagued embattled ABC Learning shows the industry can no longer be ignored by policymakers.[MORE]
Oz Minerals granted debt extension
Oz Minerals says banks have agreed to extend its $816 million debt repayment until late February.[MORE]
Rio Tinto urges Guinea to honour iron ore deal
Mining giant Rio Tinto has called on the new military leadership of Guinea to allow an $8.7 billion iron ore mine to go ahead, and says it was seeking a "good faith" meeting with the junta.[MORE]
Uncertainty remains over Oz Minerals refinancing
Mining company Oz Minerals has been unable to make an announcement about refinancing today.[MORE]
Forrest still driving Indigenous jobs covenant
Feature
Businesses are maintaining their commitment to an employment project for Aboriginals despite FMG's faltering fortunes.[MORE]
Gas supplies almost back to 'full capacity'
Apache Energy says repair work on its gas processing plant on Varanus Island has been delayed by recent cyclone activity in the North West.[MORE]
Britain's Woolworths to close quarter of stores
The end for Woolworths, a century-old British retail institution, is set to move a step closer with the closure of a quarter of its stores.[MORE]
China firms to compensate tainted milk victims
Chinese dairy firms that sold baby formula tainted with the industrial chemical melamine will pay compensation to the families of nearly 300,000 children who were killed or sickened as a result, state media reported on Saturday.[MORE]
Coca-Cola may negotiate for Cadbury's brands
Coca-Cola may make a counterbid for Schweppes, Solo and Cottees, after Cadbury's announced it will sell the brands.[MORE]
