26/06/2014 - 06:17

Morning Headlines

26/06/2014 - 06:17

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Aquila’s Bass to accept offers Aurizon and Baosteel’s bid for Aquila Resources is building momentum, with Aquila co-founder Charles Bass joining Tony Poli in agreeing to sell his stake into the $3.40-a-share bid. The West Kmart to trade around the clock at store near Bunbury

Aquila’s Bass to accept offers

Aurizon and Baosteel’s bid for Aquila Resources is building momentum, with Aquila co-founder Charles Bass joining Tony Poli in agreeing to sell his stake into the $3.40-a-share bid. The West

Kmart to trade around the clock at store near Bunbury

WA will get its first 24-hour department store with Kmart revealing it will take advantage of a quirk in trading laws to open around the clock in Eaton, outside Bunbury. The West

Palmer kills carbon action

Australia will be left without a major scheme to cut greenhouse gas emissions after Clive Palmer last night backed the repeal of the carbon tax without supporting any concrete alternative. The Aus

Forrest’s womb-to-work strategy

Mining magnate Andrew Forrest has delivered the Abbott government a 230-page blueprint that calls for radical, far-reaching changes to the nation’s indigenous jobs strategy and the rollout of new integrated childhood services that target kids from conception to the age of three years. The Aus

Outback group backs fracking

A Kimberley indigenous group that famously opposed oil drilling at Noonkanbah station in the 1980s has backed controversial plans to “frack” for shale gas on the land, saying it believes the industry can provide jobs for future generations of Aboriginal people. The Aus

iiNet beats Telstra to free public WiFi

iiNet has flicked the switch on its free, public WiFi network in Adelaide and is now lobbying other city councils and state governments to complete similar rollouts in Sydney and Melbourne in a move that could threaten Telstra’s designs on building the nation’s largest WiFi network. The Aus

WA scrutiny for Palmer

Clive Palmer’s bankers and Perth landlords could be forced to hand over records of business dealings associated with the mining magnate. The West

 

 

The Australian

Page 1: Australia will be left without a major scheme to cut greenhouse gas emissions after Clive Palmer last night backed the repeal of the carbon tax without supporting any concrete alternative.

Mining magnate Andrew Forrest has delivered the Abbott government a 230-page blueprint that calls for radical, far-reaching changes to the nation’s indigenous jobs strategy and the rollout of new integrated childhood services that target kids from conception to the age of three years.

Page 2: Tony Abbott has opened the door to overhauling his $7 fee on GP visits in a bid to secure support for the idea, as he fights a Senate blockade against almost all of the government’s new budget savings.

Incoming crossbench senator David Leyonhjelm says he is willing to “blackmail” the government with his vote, naming tenure for a Sydney shooting range among his top objectives.

Page 3: A genetic link between marijuana and schizophrenia may have been discovered in a ground-breaking study of more than 2000 Australians.

Page 4: Most Australian teachers feel unloved by the community and, while they have high levels of personal satisfaction in their job, more than six in 10 think the teaching profession is not valued.

Page 6: A Kimberley indigenous group that famously opposed oil drilling at Noonkanbah station in the 1980s has backed controversial plans to “frack” for shale gas on the land, saying it believes the industry can provide jobs for future generations of Aboriginal people.

Page 19: Investors have shrugged off yet another thumping asset write-down by Treasury Wine Estates, amid hope that the company will meet its 2014 profit guidance and lift performance through a business restructure and change in the release date of its Penfolds range.

Chinese steel giant Baosteel has secured control of its $1.4 billion Australian iron ore and coal target, Aquila Resources, after the company’s co-founder Charles Bass backed the bid.

English standards for migrant workers are “not that high’’ and must not be watered down, the Employment Department has urged the federal government.

Page 20: Leighton Holdings has pushed the button on its property sale program with its majority-owned listed residential developer Devine announcing the construction giant was looking to offload its $76 million stake.

The nation’s largest rail freight operator, Aurizon, has blamed a “more subdued” outlook in the resources sector for its decision to halt plans on two major projects and increase job cuts.

The Royal Bank of Canada has gone to ground over the removal of its head of research and two analysts in the wake of the Newcrest secret briefing fiasco last year.

Page 21: iiNet has flicked the switch on its free, public WiFi network in Adelaide and is now lobbying other city councils and state governments to complete similar rollouts in Sydney and Melbourne in a move that could threaten Telstra’s designs on building the nation’s largest WiFi network.

Page 29: Lend Lease has flagged a 45 per cent increase to net profit in 2014 after selling its stake in British shopping centre Bluewater for $1.2 billion.

 

 

The West Australian

Page 1: WA will get its first 24-hour department store with Kmart revealing it will take advantage of a quirk in trading laws to open around the clock in Eaton, outside Bunbury.

Page 6: Prime Minister Tony Abbott will be able to scrap the carbon tax after Clive Palmer declared his hand at a bizarre event alongside former US vice-president and climate change guru Al Gore.

Page 7: Tony Abbott insists he is standing firm on the $7 Medicare co-payment, despite the powerful doctors’ lobby believing the Prime Minister is willing to compromise over the design of the key Budget measure.

Page 11: The nation’s spies could get sweeping powers to hack computers, sneak into homes and businesses and even use satellites to track Australian citizens under changes to be introduced as part of efforts to crack down on extremists.

Page 14: The State Government does not know whether its $4.2 billion of spending on Royalties for Regions is delivering the regional development program’s intended objectives, Auditor-General Colin Murphy has found.

Page 17: Cottesloe and Peppermint Grove have dethroned affluent harbour side areas of Sydney as the most generous suburbs in Australia.

Page 18: A 500-pen marina dubbed the “Hillarys of Rockingham” is being hailed as a catalyst for ambitious plans that could include a revamped foreshore and ocean pool, CAT bus-style public transport and a major hotel.

Business: Rival supermarket chains have selected farms in the south of WA to raise free-range pigs for the rest of Australia as they prepare for take-off in sales of pork produced with the highest standards of animal welfare.

Incoming Lynas Corporation chief executive Amanda Lacaze could take home more than $2 million in her first year in the job if she meets performance targets.

New data from EY shows the global float market has built on a encouraging start to 2014 to record a stand-out first half, led by the US and the Asia-Pacific, with Australia a prominent player.

Aurizon and Baosteel’s bid for Aquila Resources is building momentum, with Aquila co-founder Charles Bass joining Tony Poli in agreeing to sell his stake into the $3.40-a-share bid.

Clive Palmer’s bankers and Perth landlords could be forced to hand over records of business dealings associated with the mining magnate.

Japan’s biggest investment in Australia, the $US34 billion Ichthys LNG project, has reached the halfway mark of its construction phase.

The new owner of most of the State’s KFC restaurants is reopening a long-vacant store, closed in a dramatic fashion as part of a flashpoint in a dispute between fast-food king Jack Cowin and the US franchise owner.

Clough has taken over a Rio Tinto Pilbara power station contract lost by Forge Group when it collapsed earlier this year.

While listed gold stocks fared badly on the exchange yesterday, both Gold Road and Northern Star Resources underscored the positive outlook for their respective WA exploration programs.

 

The Australian Financial Review was unavailable for this morning alert.

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