The West Australian finance: Wesfarmers has moved to make top executives across all business units more accessible to other parts of the business.
The West Australian finance: Wesfarmers has moved to make top executives across all business units more accessible to other parts of the business. Cazaly Resources and Echelon Resources turn up the heat on iron ore deposit they want to wrest off Rio Tinto.. A survey finds miners can expect to lose a quarter of their staff every year.
The Daily Telegraph finance: National Australia Bank reckons ANZ is playing Russian roulette with shareholders' money by chasing credit-card business at the tail end of an economic boom.
The Australian Finance: Potential buyers of the Myer department store chain, worth up to $450 million, are complaining bitterly about an extensive confidentiality agreement, with some arguing it gives Coles Myer an effective veto power over their choice of adviser.
The SMH finance: Telstra will make one of its most important announcements in years tomorrow when chief executive Sol Trujillo unveils a blueprint to streamline the telco and position it for growth.
The AFR:
Page 1: Australia and the US have vowed to work together to pressure Europe to make vital concessions on agriculture in the faltering world trade negotiations; Sluggish consumer spending, erratic business confidence, higher petrol prices and the fear of interest-rate rises will squeeze the $12 billion media sector next year as marketers rein in their advertising spending; Australia's elite universities are pursuing aggressive investment strategies, with more than $4 billion in market-based long-term investments delivering annual returns of about $300 million; Accounting firm KPMG estimates James Hardie Industries will have to pay $4.5 billion over the next 40 years to compensate workers suffering from asbestos-related diseases.
Page 3: Trade unions expect about 500,000 protesters to attend national protest rallies against the federal government's workplace legislation, but are concerned disruptions to basic services will cause a backlash.
World: The embattled Bush administration seeks to regain the initiative by accusing Iraq war critics of undermining troop morale and endangering the fight against terrorism (Chicago); DaimlerChrysler (DaimlerChrysler) sells the last of its shares in Mitsubishi Motors (Detroit).
Companies: Ramsay Health Care may sell its entire portfolio of aged-care facilities, valued at $80 million, to concentrate on its more profitable private hospital assets.
The Herald Sun finance: Football celebrity James Hird has become a director of the National Leisure and Gaming board, breaking into the hotel business.
The Age finance: Fake fuel evidence was presented to the Federal Court judge over a price-fixing case.
The Canberra Times finance: Telstra's business review to dominate headlines; NAB plans growth, rules out share buy-back; Leighton boss understands concerns over multi-million dollar pay packet.
The Adelaid Advertiser finance: Adelaide company to target the Eyre Peninsula in a search for gold, copper and uranium; NAB rules out share buy-back; Telstra likely to shed 9,000 jobs.
