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Business Better Than Sex For Searchers
1pointsResearch performed at Queensland University of Australia in Brisbane, Australia, dumped a cold shower on the long-held perception that people do more searching for sex than they do for business or e-commerce ideas.
Australian fund manager agrees to buy S8
1pointsMFS, an Australian fund manager and resort operator, said Monday that it has agreed to buy S8 for 648 million Australian dollars, or $499 million, to expand its management of holiday apartments and travel services.
Wesfarmers makes $700m bid
1pointsDIVERSIFIED industrial company Wesfarmers Ltd has made a conditional cash offer of $4.50 a share for insurance and financial services provider OAMPS Ltd, valuing the company at $700 million.
Perth office developments worth $180m get the nod
1pointsThe City of Perth gave two thumbs up in its council meeting last night to Luke Saraceni and Hossean Pourzand's $120 million Raine Square development, as well as Cape Bouvard and Charter Hall's $60 million, 21-level office tower at 54 Mounts Bay Road.…
Telstra Buys Stake in Chinese Real Estate Web Site
1pointsTelstra Corp., Australia's biggest telephone company, bought a controlling stake in a Chinese Internet business as it seeks growth ahead of an A$8 billion ($6.1 billion) share sale this year. Telstra will pay $254 million for 51 percent of SouFun…
Chevron to Open Energy Technology Centers in Aberdeen and Perth
1pointsChevron Corporation (NYSE:CVX) today announced that it is opening energy technology centers in Aberdeen, Scotland, and Perth, Australia. The two centers will provide research, development and technical services for the company's worldwide operations.…
Organisations face a flogging if they're not blogging
1pointsCorporations that don't blog are likely to face a consumer backlash for being uncaring or uninterested in what their customers think and feel. To avoid being passed over for a blogging competitor, organisations should overcome their fear of public…
Westpoint boss says received no living expenses since July
1pointsWestpoint boss Norm Carey has not received any living expenses since the end of July as no major bank is willing to open a bank account for him. Mr Carey's lawyer Terrence Clavey today indicated he would file a motion in the Federal Court in Pert…
Innovation Happens: Local Entrepreneurs Network
1pointsA group of high profile Perth entrepreneurs have a new catch-cry for the state of Western Australia: "Innovation happens." They believe that Perth’s isolation creates self-determination, and is the perfect breeding ground for entr…
Coles Myer hires advisers on possible takeover
1pointsSYDNEY Coles Myer, the second- largest retailer in Australia, has hired Deutsche Bank and Carnegie Wylie as advisers on an unsolicited takeover bid from buyout funds, two bankers involved in the bid said Tuesday.
Apple to pay $100 million in Creative settlement
1pointsApple Computer Inc. said Wednesday it will pay $100 million to settle a patent dispute with Creative Technology Ltd., and that Creative will begin selling accessories for Apple's iPod later this year.
Recession likely, bank chief warns
1pointsOUTGOING Reserve Bank governor Ian Macfarlane has warned that Australia likely faces a recession within the next seven years — one that could be made far worse by the heavy debts of Australian households.
Simply put, what a year
1points"SIMPLY put, what a year!" That is how BHP Billiton chief Chip Goodyear described the group's record June-year profit of $US10.15 billion ($A13.25 billion or $A36.3 million a day).
Orange bites into Hutchison
1pointsHUTCHISON Telecommunications Australia's decision to close its Orange-branded 2G network has left a $300 million hole in the mobile carrier's after-tax profit for the six months to June 2006.
Swell result: Billabong profit waxes
1pointsUS teenagers' thirst for branded products has pushed surfwear retailer Billabong to a full-year profit slightly ahead of expectations. Billabong yesterday filed a profit of $156 million for the 12 months to the end of June, well up on last year's $1…
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