Perpetual’s Echo Stake Increased by Regulators
Perpetual Investment Management has been granted an increase its in voting power over Echo Entertainment Group, allowing the investment..
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Barclays Chief Resigns
Bob Diamond, the chief executive of Barclays PLC, has resigned after allegations of rigging key interest rates. A few hours later, Barclays..
David Jones Approached By Mysterious UK Bidder
A mysterious bidder is reported to be interested in the takeover of David Jones. Believed to be from the UK, the mysterious bidder is also..
Airlines Face Calls to Cut Surcharges
The public is clamoring for lower fuel surcharges but it appears that airline companies are slow to react. The sentiment is brought about..
Rinehart Likely to Control Fairfax within Six Months
Industry analysts predict that mining magnate Gina Rinehart will take control of Fairfax Media within the next six months. The prediction..
Murdoch Reveals Future of News Corp.
Media mogul and US-based Australian Rupert Murdoch has outlined what the future holds for News Corp. after he announced that the company..
Rinehart Continues Fairfax Battle
Gina Rinehart is heating up her campaign to have a more significant role in Fairfax. She issued a letter addressed to its current chairman..
Nestle Sells Ice Cream Business
Nestle has formally sold its ice cream business, Peters Ice Cream to Pacific Equity Partners, a private equity firm. Peters Ice Cream has..
Murdoch Divides Media Empire
As Rupert Murdoch mulls dividing his media empire, the media magnate has also sent words of support for Fairfax Media, his Australian..
Gail Kelly: Housing Boom Is Over
Westpac managing director Gail Kelly said it appears that the housing boom is over, adding that is unlikely that Aussies will see a similar..
