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Today's Business Headlines
Big four, RBA face rate duel – The Aus; Asian, US bidders lead the race in Griffin carve-up – The Aus; Miners unload on IMF – The Fin; Hospital staff lift work bans – The West; Bartlett's $4m gifts under fire – The Fin ...
Late night trading from November 1
New laws allowing retailers across Perth to open on weeknights until 9pm will come into effect from November 1. ...
Joyce sells Qld property to reduce debt
Osborne Park-based Joyce Corporation has sold a Queensland property for $7.5 million and will use the majority of the proceeds to reduce the company's bank debt and improve gearing ratios. ...
Territory posts $41.3m 2010 profit
Territory Resources has announced a $41.3 million net profit after tax for the 2010 financial year, a $112.7 million turnaround compared to the previous corresponding period. ...
AusAmerican Mining makes rare earth find
West Perth-based AusAmerican Mining has announced it has made a potentially large rare earth discovery in the US state of Arizona. ...
Clough CEO cashes in $2.4m shares
Clough CEO John Smith has cashed in $2.4 million worth of shares in the engineering and construction company after exercising three million options. ...
Collier changes tack on power payments
State energy minister Peter Collier has moved to reassure Western Australian electricity generators they will continue to receive tens of millions of dollars in capacity credit payments following a revamp of Verve Energy's operating contract. ...
Macmahon wins $74m Main Roads contract
Macmahon Holdings has been awarded a $74 million state government contract to design and construct the Great Eastern Highway-Roe Interchange Project in Midland. ...
ThinkSmart plans $16m capital raising
Computer and office equipment financier ThinkSmart has announced a $16 million capital raising to fund the launch of a consumer proposition in the UK and new growth opportunities in Australia. ...
Mitsubishi quashes Oakajee rumours
Mitsubishi Corporation says recent press speculation claiming the Japanese conglomerate wants to pull out of building a new iron ore export port at Oakajee near Geraldton is "completely groundless". ...
Perth house prices fall 2.7% in August
Perth was the worst performing capital city in the latest RP Data-Riskmark Capital City Home Value Index with the value of homes falling 2.7 per cent in August. ...
Today's Business Headlines
Labor facing storm clouds – The Aus; VIP powwow adds weight to gas boom – The West; Deadline issued for Montara damages – The Aus; Cost blow-outs worry Burrup backer – The Fin; The ball's in WA's court – The Fin ...
CCI calls for state tax reform
An unexpectedly large budget surplus announced this week by Premier Colin Barnett comes just days after the state’s peak business association highlighted tax and the public sector as areas in need of reform. ...
Gulf over WA gas grows
THE gulf between gas buyers and producers in Western Australia continues to widen as local industry pushes harder for government intervention to curb rising prices and force suppliers to deliver more gas. ...
Cook returns to boost business structure
Fourteen years after establishing ineedhits.com, and six years after becoming non-executive chairman, Clay Cook has returned as chief executive of the online marketing business. ...
