Apache in $90m court stoush
Fresh from exiting WA, Apache has taken Woodside Petroleum to court seeking at least $90 million it alleges is owed on the sale of a 13 per cent stake in the Wheatstone LNG development. The West
Swan meets Quay
After four years of controversy — and more than 130 years after the Swan River foreshore was reclaimed to form the Esplanade Reserve — the Elizabeth Quay inlet is now connected to the Swan River. The West
Power point rivals in battle of the blenders
Dick Smith and JB Hi-Fi are muscling in on the $1.7 billion market dominated by Harvey Norman, The Good Guys and Bing Lee by introducing toasters, blenders and vacuum cleaners to their stores. The Fin
We can agree, say top leaders
Lower company tax and a review of generous superannuation tax concessions won broad support from business, unions, welfare and community groups, which urged all political parties to put the country ahead of self-interest and undertake meaningful economic reform. The Fin
Air New Zealand reveals plans to fight threat from Qantas
Air New Zealand will dramatically increase domestic capacity in its home market and target Australians living outside Sydney for its North and South American flights to help counter competitive threats from its rejuvenated rival, Qantas Airways. The Fin
Telstra pursuing NRL online streaming rights
Telstra is plotting a multimillion-dollar bid for the Nine Network’s National Rugby League online streaming rights amid continued fears the telecommunications giant will ditch its title sponsorship, ending a 17-year association. The Aus
The Australian Financial Review
Page 0: Lower company tax and a review of generous superannuation tax concessions won broad support from business, unions, welfare and community groups, which urged all political parties to put the country ahead of self-interest and undertake meaningful economic reform.
Page 1: China’s interest rate cut has failed to provide a circuit breaker for the country’s beleaguered stock market, which extended its worst rout in almost two decades despite companies like BHP Billiton and Seven Group insisting demand from the world’s second biggest economy was strong.
Page 2: Dick Smith and JB Hi-Fi are muscling in on the $1.7 billion market dominated by Harvey Norman, The Good Guys and Bing Lee by introducing toasters, blenders and vacuum cleaners to their stores.
Page 4: Some Liberal Party women are giving up on the idea that their merit will be enough to help them take their places in Parliament and the men – starting with Prime Minister Tony Abbott – are starting to accept that targets might be a solution to the lack of female representation.
Page 9: Productivity Commission chief Peter Harris has defended the complex award wage system as ‘‘probably the cheapest way to employ people in this country’’ and resisted moving towards a deregulated New Zealand labour market model.
Page 15: Air New Zealand will dramatically increase domestic capacity in its home market and target Australians living outside Sydney for its North and South American flights to help counter competitive threats from its rejuvenated rival, Qantas Airways.
Page 17: Woolworths has bowed to pressure from shareholders and is set to announce a board shake-up, clearing the way for the appointment of a new chief executive to replace outgoing CEO Grant O’Brien.
WorleyParsons chief executive Andrew Wood says the engineering group is now one of the most ‘‘agile’’ companies in its sector after an extensive restructuring but has not ruled out further job cuts after reporting a $39 million annual loss.
The Australian
Page 5: Health policy will come under the microscope in future discussions among National Reform Summit participants as they call for programs to be redesigned as part of efforts to get the budget under control.
Page 8: Clive Palmer’s candidate in the Canning by-election, Perth mining industry executive Vimal Sharma, has given evidence found to be “misleading”, “not convincing” and “vague” during three separate legal hearings since 2008.
Page 9: The secrecy cloaking Operation Sovereign Borders exists for operational, not political, reasons, Immigration Department head Mike Pezzullo said yesterday as he hit out at characterisations of the policy as merely a “stop the boats’’ slogan as naive.
Page 21: Richard Goyder, the head of the nation’s largest private sector employer, Wesfarmers, said the volatility in global markets made it “really important” to set up the economy to have resilience.
Telstra is plotting a multimillion-dollar bid for the Nine Network’s National Rugby League online streaming rights amid continued fears the telecommunications giant will ditch its title sponsorship, ending a 17-year association.
Page 23: Australian vitamin company Blackmores has sailed into the lonely $100 club on the local market, which chairman Marcus Blackmore says validates its transformation.
Page 24: Drillsearch Energy has pulled off a rare feat among energy companies this reporting season, holding underlying profit steady among depressed prices and guiding to 50 per cent of cashflow-funded production growth, even if prices stay where they are.
The West Australian
Page 1: After four years of controversy — and more than 130 years after the Swan River foreshore was reclaimed to form the Esplanade Reserve — the Elizabeth Quay inlet is now connected to the Swan River.
Page 4: Plans for another 3000 residents in central Perth are closer with approval for one of the city’s tallest apartment buildings.
Page 5: Treasurer Joe Hockey’s colleagues are questioning his judgment — with some calling for his head — after he surprised them by agreeing to lead a parliamentary push for a republic by 2020.
Page 13: Australians have been warned they face years of falling living standards unless the nation’s political leaders embrace a range of reforms to make the economy grow faster.
Page 16: Nearly all of Perth’s daytime electricity needs will be met by rooftop solar panels within a decade, according to State Energy Minister Mike Nahan.
WA households are spending almost $40 a week on alcohol — more than their education or power costs.
Business: Fresh from exiting WA, Apache has taken Woodside Petroleum to court seeking at least $90 million it alleges is owed on the sale of a 13 per cent stake in the Wheatstone LNG development.
Jumbuck Pastoral is taking the shears to its vast land holdings with the sale of one of WA’s last great sheep stations.
Mining equipment supplier WesTrac Australia is planning further rationalisation of its business to manage the industry’s transition from construction to production.
Austal has not given up on participating in the Abbott Government’s $89 billion defence shipbuilding program, flagging a potential expansion to South Australia to be eligible.
The first casualty of TPG’s $1.6 billion iiNet takeover has been revealed, with Fetch TV confirming it will no longer be sold through the internet provider.