The Rudd government will introduce new laws to curb excessive termination payments for executives, amid community concern about high "golden handshakes" given to departing company heads.
Credit squeeze – WA seeks federal help to raise $1.3bn; Rio slashed $277m off value of Kwinana HIsmelt project; Euroz client was unaware of Opes danger, court told; Mortgage freeze for the jobless; Axa in $660m capital raising
Azure Minerals has raised just over $1 million through a renounceable rights issue with shareholders subscribing to around one-third of shares on offer.
Three Western Australian resource companies are today on the hunt for capital with trading of shares in both Otto Energy and Eleckra Mines halted and Berkeley Resources unveiling plans to raise $10 million.
The Perth director of global engineering company Connell Wagner hopes its merger with two South African companies will boost the chances of winning work on major projects.
Territory Resources has taken a sizeable $38 million hit to its half-year earnings with the iron ore miner reporting an interim net loss of $33.3 million.
Asciano sell-off plan as debts bite deeper; Big Rio holder damns sell-out; Brains behind new Macquarie model; Miner puts 5000 jobs on the line; China spree puts heat on foreign investment rules
Mirabela Nickel plans to raise some $38 million more than the required amount of its debt facility condition in a bid to complete development of its Santa Rita nickel project in Brazil.
Wesfarmers' coal division, Premier Coal, has bought a further 30 per cent interest in Blackham Resources' tenements that surround the existing Scadden Energy joint venture near Esperance.
State to shed 500 public servants; Rio Tinto deal faces extra scrutiny; Jobs plan to save lost generation; House sales crash as spooked owners stay put; G20 baulks at US push for spending
Independence Group executive director Kelly Ross has sold $771,757 worth of shares, with funds from the sale to go to the tax man after the conversion of some options.
The friendly merger between Scimitar Resources and Jackson Minerals has been deemed to be in the best interest of the latter's shareholders following an independent valuation.
Job losses worst for 18 years; NAB boss initiates an evolution; Former mining boom states bereft as GST goes south; Contractor Nash set to buy Minjar gold for $13.6m; Financial wizards feel the heat
A federal goods and services advisory body has recommended a $311 million cut in Western Australia's shares of GST revenue for the 2010 financial year.
Chinese company, East China Exploration, is set to take a 25 per cent in Perth-based Arafura Resources after subscribing to $24 million worth of shares at a significant premium.
Belmont-based property developer Diploma Group has booked an interim net profit of $941,000, a dramatic fall from the previous corresponding period's profit of $4.8 million.
Nickel producer Western Areas has signed an offtake and $45 million financing agreement with BHP Billiton, with the funds earmarked for mine development and plant expansion.
Western Australia's spike in unemployment to a two-year high has one business lobby group urging federal MPs to carefully consider the government's proposed Fair Work Bill ahead of next week's vote.
Shadow Treasurer Ben Wyatt has warned that record growth in public spending is likely to continue after Treasurer Troy Buswell sought a 143 per cent increase in on last year's advance.
Greens and Chevron set to face off over Gorgon vision; Unions opt for jobs over pay; Sacked workers rejected pay cuts; Coal price cut hits export earnings; China hit raises fear of great recession
THE Fremantle Football Club is confident of securing another three-year licensing agreement with the AFL to operate in South Africa after launching the league's most successful overseas football project.
REBOUNDS in the retail and mining sectors have lead a 13 per cent increase in the Deloitte Western Australian Index for the month of February, rising $73 billion to $82.
BRENDON Grylls has had a dilemma before.Back in September last year, he was sitting pretty, holding the balance of power and able to decide who formed a government.
