06/06/2008 - 06:29

Today's Business Headlines

06/06/2008 - 06:29

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BHP confident about EU showdown over Rio bid; Gas crisis: now industry is hit by electricity cuts; Midwest shares slump as more take Sinosteel cash; Fast money: how Opes director blew $40 million; Regulator fines Rio Tinto


BHP confident about EU showdown over Rio bid
BHP Billiton is headed for a showdown with European Commission antitrust regulator Neelie Kroes over BHP's scrip takeover bid for Rio Tinto, which would cement BHP as the world's biggest miner by a big margin and propel it into the top five global companies of any description. The Age

Gas crisis: now industry is hit by electricity cuts
WA's gas crisis was last night threatening to plunge households and industry into total chaos, with the building industry warning it would run out of materials within days and some regional towns facing the prospect of widespread blackouts.The West

Midwest shares slump as more take Sinosteel cash
Midwest Corp has stepped up communications with its biggest shareholders in a bid to prevent futher surprise acceptances of Sinosteel Corp's $1.4 billion cash takeover bid and keep alive the dream of a $3.2 bilion merger with Murchison Metals. The West

Fast money: how Opes director blew $40 million
The director of failed investment company Opes Prime siphoned more than $40 million to fund his lavish lifestyle, including luxury cars and helicopters, it has been revealed. The Fin Review

Regulator fines Rio Tinto
Rio Tinto has been fined $100,000 by ASIC for failing to inform the market of a $38 billion bid for Canadian aluminium giant Alcan. The Fin Review

 

THE WEST AUSTRALIAN

WA's gas crisis was last night threatening to plunge households and industry into total chaos, with the building industry warning it would run out of materials within days and some regional towns facing the prospect of widespread blackouts.

Business: Midwest Corp has stepped up communications with its biggest shareholders in a bid to prevent futher surprise acceptances of Sinosteel Corp's $1.4 billion cash takeover bid and keep alive the dream of a $3.2 bilion merger with Murchison Metals.

Veteran company promoter Roger Nikolaenko is pushing for a shake-up of Namibian uranium hopeful West Australian Metals, asking for one director to be ousted and for three new members to join the board.


 

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