Home » NEWS You are browsing entries filed in “NEWS”

Australian researchers target hospital superbugs

Australian researchers target hospital superbugs

AUSTRALIAN researchers want to reduce the threat posed by hospital superbugs using DNA sequencing and data analysis. National ICT Australia yesterday said it was researching techniques to help hospitals locate the original carrier of a superbug, to find its origin globally, and to identify in advance which antibiotics would effectively treat an outbreak. NICTA researcher […]

Posted in NEWS,TOP BUSINESS NEWS | Read More »

Leighton rebounds with $448m profit

Leighton rebounds with $448m profit

LEIGHTON Holdings has delivered some long-awaited good news to shareholders, announcing a return to profitability and more intense focus on growth this year as it looks to leave its troubled past behind. Announcing its first calendar full-year result after changing balance dates, the chief executive of the nation’s biggest construction company Hamish Tyrwhitt yesterday told […]

Posted in Financial News,NEWS | Read More »

Miners hit back amid fly-in fly-out criticism

    The mining sector has responded angrily to suggestions fly-in fly-out (FIFO) workforces are a “cancer” on country towns, saying it’s a personal choice that suits some people. A federal parliamentary inquiry has found the practice has a negative impact on some regional towns, including sending the cost of housing through the roof and […]

Posted in NEWS,TOP BUSINESS NEWS | Read More »

CSL review after record earnings

CSL review after record earnings

    HEALTHCARE giant CSL will carry out a strategic review of its pharmaceutical and vaccine operations in a bid to maximise its growth prospects following a recent split from the company’s dominant plasma operations. With global demand for CSL’s plasma-derived therapeutics driving record earnings for the first half of the financial year, soon-to-retire chief […]

Posted in Financial News,NEWS | Read More »

Rio closer to $2bn Pacific Aluminium listing

Rio closer to $2bn Pacific Aluminium listing

Rio Tinto has established a team of high-profile business personalities to oversee a potential $2 billion listing of its Pacific Aluminium business, including the struggling Gove alumina refinery in the Northern Territory, according to the Australian. While Rio Tinto has not made a decision regarding the assets, the establishment of the advisory board, which includes […]

Posted in NEWS,TOP BUSINESS NEWS | Read More »

Qantas splits into separate international and domestic operations

Qantas splits into separate international and domestic operations

QANTAS has followed up yesterday’s engineering job announcement with a major management shake-up in which its prosperous domestic and troubled international services will be split into separate business divisions. Chief executive Alan Joyce will head a revamped team, which will see the head of its successful Frequent Flyer program, Simon Hickey, drafted to guide International […]

Posted in TOP BUSINESS NEWS | Read More »

Thousands of miners begin week-long strike

Thousands of miners begin week-long strike

More than 3000 coalminers have started a week-long strike in Queensland’s Bowen Basin as an 18-month dispute over working conditions rolls on. The strike began at 6am (AEST) on Thursday and will halt production at six mines run by BHP-Mitsubishi Alliance. Earlier this year, BMA said the industrial campaign was partly to blame for its […]

Posted in TOP BUSINESS NEWS | Read More »

Carbon tax cited in threat to Hunter Valley smelter

Carbon tax cited in threat to Hunter Valley smelter

THE operators of the Hunter Valley’s Kurri Kurri aluminium smelter have flagged the closure of the plant, saying the carbon tax and other factors threaten its long-term profitability. Norwegian-based Norsk Hydro said a review of the smelter’s operations had confirmed the plant would not be profitable in the short-term, while “the long-term viability will be […]

Posted in TOP BUSINESS NEWS | Read More »

Europe stocks slide on Greek exit worries

Europe stocks slide on Greek exit worries

Europe stocks skidded and the euro fell to a 21-month low on worries about Greece’s possible exit from the eurozone, which threatened to deepen the region’s debt crisis and hurt an already fragile global recovery. Nervous investors piled into low-risk US and German government debt, sending their yields lower. The US dollar also was favored […]

Posted in TOP BUSINESS NEWS | Read More »

Myer’s expansion plan runs out of puff

Myer's expansion plan runs out of puff

Myer is Australia’s version of the Facebook float. Like Facebook, its share sale was priced too aggressively, at $4.10 a share in November 2009. Its chief executive, Bernie Brookes, has been under pressure from the get-go. Facebook shares were 18 per cent below their $US38-a-share float price yesterday but Myer makes that look like a […]

Posted in TOP BUSINESS NEWS | Read More »

Click to View The Current Issue

Our Visitors