Today's 7.30am headlines

23/10/2007 - 07:24

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AGL dumps Anthony; Nexus shut down of the auction for Anzon; tax cuts promises to cost $80b in the next five years; Gordon raids Ten options for a 4.3 per cent stake; Labor widens the gap over the coalition after one week.

Today's 7.30am headlines

AGL Energy has awarded dumped chief executive Paul Anthony with a golden handshake of $14 million. The West

Nexus Energy has threatened to derail Arc Energy's planned $600 million takeover of Anzon Australia after being shut out of the auction for the oilfield operator. The West

The combination of firm tax cuts promises and aspirational tax cut goals announced in the first week of the election campaign will cost the federal government at least $80 billion over the next five years, leading tax experts have estimated. The Fin Review

Interests associated with WIN television owner Bruce Gordon have launched a surprise raid on options for a 4.3 per cent stake in Ten Network Holdings. The Australian

The latest Newspoll shows Labor widened the gap over the coalition after one week into the federal election campaign. The Australian

 

THE WEST AUSTRALIAN
Page 1: The WA government's tax take has surged to $72 million above last year's tally for the first two months of the financial year; A mid-election campaign interest rate rise is on the cards as the producer price index showed an increase in business costs.

Page 3: WA Attorney-General Jim McGinty said he would examine a police review of the way the Ben Cousins' case had been handled to consider whether it indicated the law needed to be changed, after his drug possession charge was dropped yesterday.

Page 4: Private school fees could rise more than 10 per cent in WA as a result of the state government's decision to pay graduate public school teachers a base salary of $50,000 from 2008.

Business: AGL Energy has awarded dumped chief executive Paul Anthony with a golden handshake of $14 million.

New Tel chief executive Peter Malone yesterday turned the tables on a father and son team trying to gather evidence for a $60 million legal action against law firm Freehills over a deal struck a year before the telco's $50 million collapse in December 2002.

Nexus Energy has threatened to derail Arc Energy's planned $600 million takeover of Anzon Australia after being shut out of the auction for the oilfield operator.

Perth Businessman Dean Scook orchestrated more than 150 illegal trades in junior explorer Intrepid Mining almost 10 years ago to inflate the company's share price artificially and make himself $1.7 million, a jury was told yesterday.

 

THE AUSTRALIAN FINANCIAL REVIEW
Page 1: The combination of firm tax cuts promises and aspirational tax cut goals announced in the first week of the election campaign will cots the federal government at least $80 billion over the next five years, leading tax experts have estimated.

National Australia Bank chief executive John Stewart has warned that consumers face higher interest rates on loans, including increases above the official cash rate, because of a need to relieve mounting pressure in the banking system.

The board of AGL Energy has come under fire after yesterday failing to convince investors the sacrificing of unpopular managing director Paul Anthony would fix problems.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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