Car handouts split Libs - The Fin; Fortescue speaks up - The Fin; Perron buys in - The Fin; Equatorial off Exxaro radar - The West; Ripper hits back at detractors - The West
Car handouts split Libs
The Gillard government’s job saving handouts to car makers have prompted coalition backbenchers and influential conservative businessmen to ramp up pressure on Opposition leader Tony Abbott to reject subsidies for the car industry and other vulnerable manufacturers. The Fin
Fortescue speaks up
Fortescue Metals Group has opened a new front in its war with BHP Billiton, saying it does not want its larger rival to receive preferential treatment over plans to build a worker camp in Port Hedland. The Fin
Perron buys in
The property company of Perth billionaire Stan Perron will pay about $20 million for a 50 per cent stake in the long-stalled Vasse Newtown project in south western Western Australia. The Fin
Equatorial off Exxaro radar
Exxaro Resources was last night pouring cold water on speculation it could follow a $338 million bid for African Iron with a play for the Congolese iron ore hopeful’s neighbor and cornerstone shareholder Equatorial Resources.
Ripper hits back at detractors
Eric Ripper has dismissed the latest attacks on his leadership, claiming his detractors within the WA Labor Party are a “tiny minority” and “outsiders” trying to get their way.
THE WEST AUSTRALIAN
Eric Ripper has dismissed the latest attacks on his leadership, claiming his detractors within the WA Labor Party are a “tiny minority” and “outsiders” trying to get their way.
Transport minister Troy Buswell plans to extend the route of a new railway connection to Perth Airport to Forrestfield in Perth’s foothills.
Hundreds of West Australians had their bank details stolen as part of a multi-million dollar card skimming scam targeting McDonald’s restaurants, a Perth court has been told.
Exxaro Resources was last night pouring cold water on speculation it could follow a $338 million bid for African Iron with a play for the Congolese iron ore hopeful’s neighbor and cornerstone shareholder Equatorial Resources.
The Federal Government wants to survey the ocean floor off Kwinana to see whether it can be used as a greenhouse gas storage facility.
Apache Corp, one of the most active players in WA’s oil and gas sector, has added to its investment in the region through the US185 million purchase of the production vessel used at the Van Gogh oilfield off Exmouth.
Concern about the shaky outlook for base metals prices has prompted Kagara to suspend operations at its Mungana underground zinc mine in Queensland, cut the size of its drilling program and reduce contractor numbers as it tries to conserve cash.
THE AUSTRALIAN FINANCIAL REVIEW
The Gillard government’s job saving handouts to car makers have prompted coalition backbenchers and influential conservative businessmen to ramp up pressure on Opposition leader Tony Abbott to reject subsidies for the car industry and other vulnerable manufacturers.
Labor’s review of industrial relations laws will be held behind closed doors and the Productivity Commission is unlikely to contribute.
NBN Co has made last-minute concessions to avoid a stand-off with telecommunications providers that had threatened to stall the number of customers signing up. iiNet chief executive Michael Malone said all parties were at the final stages of negotiations.
Fortescue Metals Group has opened a new front in its war with BHP Billiton, saying it does not want its larger rival to receive preferential treatment over plans to build a worker camp in Port Hedland.
Major resource projects will cost at least $35 billion more than now budgeted because companies consistently underestimate the scope of their development, new University of WA research shows.
Mitsui & Co has lost a stoush with the Australian Tax Office over a $264 million deduction relating to its interest in a petroleum field on the North-West Shelf.
The chances of new Kagara chief executive Geoff Day quickly turning around the fortunes of the north Queensland miner have been dealt a blow by the slump in copper and zinc prices.
Royal Bank of Scotland’s retail broking arm RBS Morgans could change hands alongside the more high profile investment banking unit as part of the sale of the group’s Australian assets.
The property company of Perth billionaire Stan Perron will pay about $20 million for a 50 per cent stake in the long-stalled Vasse Newtown project in south western Western Australia.
THE AUSTRALIAN
Labor’s latest grants to the struggling Australian car industry risk being undermined by its own clean energy plans.
Immigrants are more likely to find work in Western Australia than anywhere else.
Skilled Engineering boss Mick Mcmahon is worried Australia is “at risk of missing the benefits of the resources boom”.
Insolvencies hit record levels as small builders fold.
The liquidators of Lehman Brothers Australia are seeking bankruptcy protection in the US courts.
THE SYDNEY MORNING HERALD
Page 1: The coalition is rethinking its plan to slash $500 million from car industry assistance.
Page 2: Australian entrepreneur Matthew Ng's lawyers have called for an open and fair appeal to his 13-year sentence in China.
Page 3: NSW Education Minister Adrian Piccoli is resisting a federal government push to make TAFE compete with private operators.
World: Former Massachusetts governor Mitt Romney has lashed out at Republican rivals for attacking his business record.
Finance: Job vacancies have fallen to the lowest level since May 2010.
Sport: Test hero Mitchell Johnson is vowing to toil in the Sheffield Shield.
THE AGE
Page 1: US manufacturer halts production of cancer drug Doxil threatening hundreds of cancer patients in Australia. Half the graduates in fast track teaching program drop out after two years. Coalition rethinks its plan to cut $500 million from car industry assistance. Judge lashes DHS for taking foster children away from the "Mum".
Page 3: Documents show Planning Minister Matthew Guy ignored advice against rezoning farmland on Phillip Island. Doomsday Clock moves one minute closer to the apocalypse. Former airline economist says overweight passengers should pay more for their flights. 21 Tasmanian Devils born at Healesville Sanctuary during the breeding season. Library book handed in 27 years overdue. WorkSafe CEO in shock resignation. Ballarat pizza shop reopens for business after salmonella scare.
World: Mitt Romney on a roll after winning New Hampshire primary.
Finance: 250 jobs go in Hunter Valley due to strong $A and falling aluminium prices.
Sport: Toe injury a blessing in disguise for Mitchell Johnson because time off gives him opportunity for remedial work on his bowling.
HERALD SUN
Page 1: Taxpayers to pay for 14-year-old school bully's class trip to Europe.
Page 2: Funeral for teenager who killed herself after cyberspace bully attacks.
Page 3: 11,000 jobs at risk in Victoria over next six months. Pet dogs lead to rows in the family household.
World: Mitt Romney firms as Republican presidential candidate after New Hampshire primary win.
Finance: Renewed strength on Wall Street and China eases fears of European debt meltdown.
Sport: Ryan Harris has hidden fears about breaking down in his comeback Test.
THE DAILY TELEGRAPH
Page 1: Police to recommend no charges be laid against a homeowner who fatally stabbed an intruder.
Page 2: Serious crime and sexual assault is rife in the Australian military.
Page 3: Embattled Labor MP Craig Thomson has sent out invitations to a $3000-a-head fundraiser.
World: Mitt Romney described President Barack Obama as a "detour" as he seized victory in the New Hampshire Republican primary.
Finance: ANZ will announce its rate decision on the second Friday of each month regardless of what the Reserve Bank says.
Sport: Terry Campese has been named as part of Ricky Stuart's Blues squad.
