Business

Friday, May 24th, 2013

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Ord sugar deal closer

State Govt on verge of announcing next step in deal that clears way for Chinese investment in Kimberley.

Farm group criticises aid criteria

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iiNet defends its valuation

CFO David Buckingham defends ISP's lofty valuation after shares in the company plunged yesterday.

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UN sees weak recovery

World economy should begin weak recovery this year but the United Nations says Japan faces 'risks'.

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Maccas faces critics at AGM

McDonald's has again faced criticism that it's a purveyor of junk food that markets to children.

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Quotas 'breed resentment'

Rio Tinto's Joanne Farrell says positive discrimination could have negative consequences. 02:30 am

Ford exit fuels wider worries

Fears are mounting that the national economy is fracturing after car maker's decision. 05:48 am

Related:: We will help workers: Ford; Govt defends support

Muja station hangs in balance

Energy Minister Mike Nahan warns Government may pull the plug on costly exercise. 06:15 am

Engineering firm axes 150 jobs

Golder Associates shed jobs in another sign of downturn affecting local resources industry. 07:31 am

Market may open firmer

Local bourse may recover some of yesterday's steep losses at the open. 07:37 am

WA Business

OTOC jumps on Nauru contract

OTOC shares have soared against the weight of a downward market when it confirmed a $29 million deal to build housing for asylum seekers on Nauru. 51 minutes ago

Engineering firm axes 150 jobs 51 minutes ago
Farm group criticises aid criteria 52 minutes ago
Hedland crusher on scrapheap 54 minutes ago
iiNet defends its valuation 57 minutes ago

National

Market may open firmer

The Australian market may open firmer after yesterday's steep falls following Federal Reserve chairman Ben Bernanke's testimony to congress and the release of… 45 minutes ago

Local production costs high: Holden boss 9 minutes ago
Call for crisis talks on car manufacturing 11 minutes ago
Crown confirms Echo sale 24 minutes ago
Aust bonds weaker in volatile trade 45 minutes ago

World

Tesoro expected to take over BP Los Angeles refinery

HOUSTON (Reuters) - Independent refiner Tesoro Corp is expected to take control of BP Plc's 240,000 barrel-per-day (bpd) Los Angeles-area refinery in… 1 hour, 28 minutes ago

Royal Mail chief set for 500,000 sterling bonus - Sky News 1 hour, 39 minutes ago
Mass sell-off in Spain's Bankia hit small investors 1 hour, 57 minutes ago
Islamist bombers kill 20 in Niger attacks May 24, 2013, 6:09 am
Markets face rough summer ride as Fed pullback feared May 24, 2013, 5:41 am

Technology

Dish adds Scotiabank to finance Sprint deal -sources

By Nicola Leske (Reuters) - Dish Network Corp has added Canada's Scotiabank to the four banks it had already lined up to finance its $25.5… 1 hour, 19 minutes ago