Summary of business headlines from around the country
The West Australian business headlines
Costs bite into Wesfarmers Currugh coal
Cash costs up 20 per cent for booming coking coal business
Futuris to change its wares
Speculation that Futuris may sell off its Australian Fine China business
Woodside tipped to push the button on new Shelf projects
$2 billion investment expected on the North West Shelf's Angel field and nearby Stybarrow field
Property: Rejected developers back to the tribunal
Claremont Town Council and Hawaiian Investments are to back to the State Administrative Tribunal.
General: DNA probe tracks link to diseases
40under40 winner Prof Lyle Palmer launches his medical research project to gather DNA in Jonndalup
General: Fly-in, fly-out may have wings clipped
State government considering exclusion zones around towns, preventing mining companies close by from flying in workers.
Main Stories in today's Australian newspapers
THE AUSTRALIAN
Finance - Financial markets react negatively to Telstra chief executive Sol Trujillo's new five-year strategy, with more than $3 billion of the company's shares written off.
THE AUSTRALIAN FINANCIAL REVIEW
Page 1 - Telstra launches a five-year strategy to meet technological challenges from customers, which includes slashing 12,000 jobs and an $11 billion investment in its businesses. Macquarie Bank warns it's encountering increased competition for global infrastructure assets and performance fees will fall in the next six months. The ACTU will get about $20 million in funding to fight campaign against the federal government's workplace laws over the next two years.
Page 3 - Prime Minister John Howard calls on the states to open more land for residential property development at the opening of the Housing Industry Association's new Sydney headquarters.
World - China's factories have recorded an increase in industrial production, but this has led to new fears about overcapacity. Newspaper publisher Knight Ridder announces it is considering selling the company after pressure from two of its largest shareholders and falling circulation in the American industry.
Companies - Burns Philp wants to complete a listing of its $3.6 billion Goodman Fielder float by Christmas, after the company knocked back a $3.55 billion deal from a consortium of private-equity investors.