Today's Business Headlines

30/11/2007 - 06:41

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Burke says he helped Premier win poll; Mid-West hopeful braces for attack; This is final Tap, say dissidents; NAB back in the US with $900m deal; Tanner says Labor on top of sovereign wealth funds eyeing Australia's strategic assets

Today's Business Headlines

I helped Premier win poll: Burke
Disgraced former WA premier Brian Burke admits supporting Alan Carpenter and helping him get elected as premier last year.The Australian

Mid-West hopeful braces for attack
Embattled miner Murchison Metals is bracing for a fiery annual meeting today amid a Federal Court challenge to its right to mine the flagship Jack Hills iron ore project in the Mid-West. The West

This is final Tap, says dissidents
Tap Oil's group of dissident shareholders has all but quit its pursuit of the Perth oil and gas company after a six-month campaign to force change atop the perennial underperformer. The West

NAB back in the US with $900m deal
National Australia Bank has agreed to pay more than $900 million to boost its bid as the leading agribusiness lender in the US. The Fin Review

Labor on top of sovereign wealth funds eyeing Australia's strategic assets: Tanner
Key players in the incoming Rudd Labor government have been keenly watching the actions of global sovereign wealth funds as they eye off Australian assets. The Australian



THE WEST AUSTRALIAN
Page 1: Unions are pressuring the new Labor Government to make further changes to its industrial relations policy amid claims its unfair dismissal rules would allow workers to be sacked for being disruptive at work or being under suspicion of a crime.

The Margret River wine region will benefit nad grow because of climate changes challenges already facing producers in eastern Australia, according to John Gladstones the "grand-father" of the now famous area.

Norm Marlborough claimed yesterday he telephoned Alan Carpenter form Brian Burke 's home to assure him he had the support of Labor Old Right faction in the 2006 leadership contest after the resignation of former premier Geoff Gallop last year.

Business: Embattled miner Murchison Metals is bracing for a fiery annual meeting today amid a Federal Court challenge to its right to mine the flagship Jack Hills iron ore project in the Mid-West.

Tap Oil's group of dissident shareholders has all but quit its pursuit of the Perth oil and gas company after a six-month campaign to force change atop the perennial underperformer.

Fast growing car retailing giant Automotive Holdings Group appears well on track to make a profit of around $50 million this year after racking up sales of more than $1 billion in the first month of the year.

The hostile takeover battle for Golden West Resources spilled over to the iron ore hopeful's annual meeting yesterday, with a series of clashes between an angry shareholder, stand-in chairman Phil Lucas and managing director Gary Hutchinson.

THE AUSTRALIAN FINANCIAL REVIEW

Page 1: For the sake of the party, Liberal ministers had asked John Howard to step aside but the then prime minister refused; An expanded federal cabinet handpicked by prime minister-elect Kevin Rudd will focus on climate change and economic deregulation; National Australia Bank has agreed to pay more than $900 million to boost its bid as the leading agribusiness lender in the US.

Page 3: Qantas has denied allegations it has threatened to cut commissions to travel agents which are part of a $80 million class action against the airline.

World: US sharemarkets surged after the Federal Reserve slated an interest rate cut at its December 11 meeting.

Markets: The possibility of a US interest rate cut has strengthened equities in a hopeful sign that a six-week losing streak may be over.



THE AUSTRALIAN

Page 1: Deputy Labor leader Julia Gillard has chosen the portfolios of education and workplace relations but hopes her focus will ultimately be education once workplace issues are resolved; Brendan Nelson wins the federal Liberal leadership.

Page 2: Prosecutors should call for suppression orders only in the rare and extraordinary circumstances, Victoria's new Director of Public Prosecutions said, in a bid to reduce secrecy.

Page 3: Disgraced former WA premier Brian Burke admits supporting Alan Carpenter and helping him get elected as premier last year.

Finance: Key players in the incoming Rudd Labor government have been keenly watching the actions of global sovereign wealth funds as they eye off Australian assets.



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