14/10/2013 - 06:46

Morning Headlines

14/10/2013 - 06:46

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Morning Headlines

Labor will start again: Shorten

Bill Shorten has vowed to ‘‘reach out’’ to Labor members to set a new direction for the nation’s oldest political party after securing the leadership without a convincing endorsement from its rank and file. The Aus

Shorten’s carbon tax test

Opposition Leader Bill Shorten says Labor will stand firm on its support for a price on carbon, setting up a pre-Christmas showdown with the Abbott government which has slated the repeal of the carbon tax as its first item of business. The Fin

Palmer accuses Citic of dirty tricks

Clive Palmer has accused the Chinese operator of his $7 billion Sino Iron project in Western Australia’s Pilbara of delaying iron ore production to squeeze him financially. The Fin

NBN rollout stalls across the country

The rollout of the national broadband network has missed targets and almost ground to a halt across the country, according to NBN Co’s own statistics. The Fin

PUP carbon tax support to cost $10bn

Clive Palmer is demanding Tony Abbott repeal the carbon tax retrospectively and refund billions in revenue in exchange for his party’s crucial Senate support in a move that would enable the businessman to escape a $6.2 million disputed charge for emissions. The Aus

Leighton rejects jetty’s ‘doctored’ costs claims

Management of a Leighton Holdings company working on Chevron’s Gorgon LNG project have been accused of slashing costs submitted by staff which showed blowouts of up to $2 billion. The West

Libs condemn rise of ‘betrayer’

Bill Shorten’s reputation as a faceless man who betrayed two prime ministers raises questions about his trustworthiness in his new role as Labor leader, the Abbott government says. The Aus

Agency cleared EPA’s error

The disastrous decision to let conflicted Environment Protection Authority board members deliberate on the Kimberley gas hub was endorsed by the public sector’s standards commissioner Mal Wauchope, it has emerged. The West

Alcatel-Lucent sets the record straight on Huawei bid

Alcatel-Lucent chief executive Sean O’Halloran has lashed out at the “myth” that his company only beat Chinese technology supplier Huawei in the race to supply the national broadband network after it was knocked out by cyber spying fears. The Fin

 

 

The Australian Financial Review

Page 1: Opposition Leader Bill Shorten says Labor will stand firm on its support for a price on carbon, setting up a pre-Christmas showdown with the Abbott government which has slated the repeal of the carbon tax as its first item of business.

Page 3: Clive Palmer has accused the Chinese operator of his $7 billion Sino Iron project in Western Australia’s Pilbara of delaying iron ore production to squeeze him financially.

Page 4: Governor-General Quentin Bryce offered to resign in anticipation of her son-in-law Bill Shorten becoming Labor leader but Tony Abbott asked her to stay, the Prime Minister said.

Page 5: The Abbott government has signalled it will aggressively push the states to privatise their infrastructure assets to free up funds for new projects.

Page 8: One of Australia’s leading company directors is urging a more simplified pay structure for executives that would immediately give them shares allocated as long-term incentives.

Page 9: The rollout of the national broadband network has missed targets and almost ground to a halt across the country, according to NBN Co’s own statistics.

Page 10: Economists say a decision by the Fair Work Commission to uphold steep penalty rates for weekends and public holidays will hurt workers.

Page 13: BHP Billiton’s longest-serving director, David Crawford, has won the endorsement of Australia’s largest proxy advisers to serve a 20th year as a member of the board even though there are questions about whether he remains truly independent.

Qantas Airways chief executive Alan Joyce says the airline remains on target to return its embattled international business to a break-even position by the 2014-15 financial year despite recent pressure on fares due to additional capacity entering the market.

Page 16: Metcash is facing its biggest shake-up in more than 10 years as new chief executive Ian Morrice embarks on a strategic review to secure the future of the wholesaler and independent retailers in the face of increased competition.

Page 18: Car dealers have backed the competition watchdog’s plan to review Westpac Banking Corp’s acquisition of billions of dollars of motor vehicle finance loans from Lloyds Banking Group.

Page 22: Alcatel-Lucent chief executive Sean O’Halloran has lashed out at the “myth” that his company only beat Chinese technology supplier Huawei in the race to supply the national broadband network after it was knocked out by cyber spying fears.

Page 41: Australian agricultural land could finally become as attractive to institutional investors as it has been in the US, with global property index business IPD about to launch a new index for farmland across the country.

 

 

The Australian

Page 1: Bill Shorten has vowed to ‘‘reach out’’ to Labor members to set a new direction for the nation’s oldest political party after securing the leadership without a convincing endorsement from its rank and file.

One of the nation’s senior labour leaders will call today for unions to be given a direct say in ALP leadership contests and pre-selections, declaring that the ‘‘dysfunctional’’ party needs reform.

Federal spending will be capped to put the nation on a ‘‘credible’’ path to a budget surplus as the Abbott government drafts a set of fiscal rules that forces ministers to scale back outlays.

Page 3: Clive Palmer is demanding Tony Abbott repeal the carbon tax retrospectively and refund billions in revenue in exchange for his party’s crucial Senate support in a move that would enable the businessman to escape a $6.2 million disputed charge for emissions.

Rio Tinto’s annual Argyle pink diamond tender has set a world record, with one stone selling for more than $US2 million ($2.1m) and another fetching the highest price for a ‘‘Fancy Deep’’ pink diamond.

Page 4: Bill Shorten’s reputation as a faceless man who betrayed two prime ministers raises questions about his trustworthiness in his new role as Labor leader, the Abbott government says.

Page 17: Companies that continue to award generous executive bonuses and boards that have overseen recent corporate governance debacles will come under fire this annual meeting season, when more than a dozen high-profile companies face the prospect of a boardroom spill.

Department store Myer is using its Myer One loyalty card scheme for more than just marketing, says chief Bernie Brookes — they’re using it to transform the business.

Page 19: Dexus Property Group’s bid to become Australia’s top office tower player, by teaming up with the Canada Pension Plan Investment Board to take over the Commonwealth Property Office Fund (CPA), has won the support of analysts.

Perth-based mining contractor Ausdrill wants to re-elect former Leighton chief executive Wal King as its deputy chairman. The company has sought to have Mr King remain on its board and in the deputy position, recommending that he receive shareholder support at its November 21 AGM.

Woodside could review an option to build a re-gasification terminal at the top of Western Australia as part of its Browse development to satisfy the state’s domestic gas policy.

Page 23: Investment banks UBS and Macquarie Group are in the running to handle a possible merger between Fairfax Radio and John Singleton’s Macquarie Radio Network.

 

 

The West Australian

Page 4: The State Opposition has accused the Government of failing to address WA’s housing shortage after figures revealed a significant fall in land approvals.

Page 5: Former Federal parliamentary speaker Peter Slipper claims his life was ruined as the result of a grand conspiracy hatched at the “highest level of the3 Liberal Party” designed to unseat the elected Government.

Page 7: The disastrous decision to let conflicted Environment Protection Authority board members deliberate on the Kimberley gas hub was endorsed by the public sector’s standards commissioner Mal Wauchope, it has emerged.

Page 9: Customer service trainers will visit WA’s main tourism precincts and major events in a “revolutionary” approach to improving the State’s flagging customer service reputation.

Business: Management of a Leighton Holdings company working on Chevron’s Gorgon LNG project have been accused of slashing costs submitted by staff which showed blowouts of up to $2 billion.

A major rift is emerging between Asia Iron’s Australian staff and its major Chinese backer amid rumours the state-owned enterprise is considering ditching the workforce.

The head of the Aboriginal Lands Trust has warned the State Government that its dithering is putting valuable pastoral leases at risk and delaying efforts to return to traditional owners.

The shift in global economic power from the west to the east is having an enormous impact on the energy sector – and Australia is uniquely positioned to take advantage of this situation.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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