A summary of the nation's news.
The West Australian business news
WANH seeks new leader
WA's dominant media company, West Australian Newspapers Holdings is again looking for a new chief executive after the surprise resignation yesterday of managing director Ian Law to join Kerry Packer's ACP Magazines.
I am calling the shots, declares new E&T chief
Evans & Tate has re-signed KordaMentha's turnaround arm for a further three months at an estimated cost of $300,000 a month, but the debt-laden winemaker's new chief executive Martin Johnson insisted yesterday he will be driving the company.
Iron ore juniors soar as investors chase fast profits
Pilbara hopeful Pelican Resources and fellow explorer Golden West Resources took up the running yesterday as the rush on WA iron ore stocks offering cheap exposure to the sector heated up.
Caltex eyes $420m profit on high oil prices, hurricanes
Caltex Australia yesterday revealed its second half profit was likely to jump by as much as 80 per cent after the refiner capitalised on record oil demand and a spike in world oil prices.
Home votes yes on StateWest
Home Building Society's shareholders yesterday gave the takeover of StateWest Credit Society the green light, voting strongly in favour of the $120 million deal at Home's annual meeting.
Technology: Hot spots prone to attack
Security found to be lacking in CBD wireless access points.
The main business-linked stories in today's newspapers:
THE AUSTRALIAN
Page 3 - Aboriginal land councils fear that a deal to free up potentially billions of dollars' worth of indigenous coastal land is being forced on them and could expose them to onerous management fees and unnecessary risk.
Finance - An executive poaching raid by Publishing and Broadcasting Ltd has triggered management upheavals at two companies and netted the Packer empire a public company chief who is willing to move back to managing a division of a much larger empire.
THE AUSTRALIAN FINANCIAL REVIEW
Page 1 - The Howard government rewarded one of its biggest political donors with a seat on the Reserve Bank board even while he fought the tax office over a Caribbean tax-haven deal labelled "tax evasion" that led to a $150-million settlement.
Page 3 - Former formula one car-racing identity Paul Stoddart admits his new airline is not having a blockbuster of a launch. He might be too kind.
World - China's clothing manufacturers have had a bumper year for European sales, new trade figures reval, but their success has been largely at the expense of other developing countries rather than European manufacturers.
