07/01/2008 - 06:24

Today's business headlines

07/01/2008 - 06:24

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Small brewers toast bumper Christmas; Woodside faces compo claims over gas debacle; Market faces $30bn sell-off on US falls; Rudd to axe Lib pledges; Car trouble: auto makers says it's all uphill.

Small brewers toast bumper Christmas
Long-suffering investors in WA's boutique brewing sector could be in line for a much-needed fillip amid suggestions of a bumper Christmas trading season. The West Australian

Woodside faces compo claims over gas debacle
Petroleum giant Woodside may face a string of compensation claims from customers who incurred huge losses over last week's gas supply debacle. The West Australian

Market faces $30bn sell-off on US falls
Australian investors are this week bracing for the possibility of the local market's first correction since August, after market experts yesterday tipped a $30-billion freefall on the sharemarket today. The Australian

Rudd to axe Lib pledges
The Rudd government is seeking to axe 225 pre-election pledges made by the coalition. The Australian

Car trouble: auto makers says it's all uphill
A split has emerged among Australia's four car makers over whether tariff reductions or financial assistance should be the highest priority, as the Rudd government prepares to review industry policy for the sector. The Australian Financial Review

THE WEST AUSTRALIAN

Business: The stockmarket is expected to open significantly lower today after Wall Street suffered sharp falls on the back of weaker than expected employment data.

The new year is less than a week old but one of WA's more intriguing takeover battles, Indonesia's Bumi Resources' takeover bid for Herald Resources, is about to jump back to life.

The media sector moved a step closer to digital convergence in 2007 and the moguls took a step back.

Zinc miner Zinifex says Allegiance Mining's flagship project in Tasmania will require significant funding to realize its full potential, calling on the nickel hopeful's shareholders to accept a takeover offer.

 

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