Business

Monday, May 20th, 2013

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Leighton to 'ride it out'

Company not concerned by recent mining slowdown because of its diverse interests.

Leighton to name new board members

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Wino's changes hands

Businessman Howard Cearns has bought Margaret River's Wino’s wine bar and restaurant.

Stella Bella cleared for take off

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Optus ramps up 4G

4G network to reach 70pc of Australia's metropolitan population by middle of 2014.

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Low rates can't lift NAB

Offering lower interest rates has done little to lift NAB’s satisfaction rating among business customers.

Westpac drops fixed rate

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New Xbox set for release

Software giant Microsoft is set to launch the next generation Xbox console later this week.

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Galaxy in emergency raising

Lithium play's chairman flags $47m discounted rights issue to keep company afloat. 01:05 pm

EPA backs Pilbara port, algae farm

Environmental watchdog approves IOH's plan for multi-user port at Cape Preston East. 11:51 am

Related:: Viento wins $15.4m FMG contract

Apex's $50m Wiluna sale canned

Gold miner cancels sales deal after buyer fails to make payment to extend due diligence. 10:38 am

Austal set to deliver second JHSV

US Navy completes acceptance trials for USNS Choctaw County ahead of delivery in June. 09:48 am

ASX closes in black but off highs

Market closes higher on absence of negative news and firm US lead on Friday. 02:13 pm

WA Business

Galaxy flags $47m rights issue

Long-suffering shareholders of Galaxy Resources will again be asked to kick in cash to help keep the struggling lithium play afloat. May 20, 2013, 1:05 pm

EPA backs Pilbara port, algae farm May 20, 2013, 11:51 am
Treasury says the party is over May 20, 2013, 11:48 am
Apex's $50m Wiluna sale canned May 20, 2013, 10:38 am
Iconic Wino's changes hands May 20, 2013, 9:59 am

National

New road, runway in Melbourne Airport plan

Melbourne Airport has released an ambitious expansion plan, including a third runway, road and rail links. May 20, 2013, 3:01 pm

$A higher but trading in narrow range May 20, 2013, 3:13 pm
Optus ramps up 4G network May 20, 2013, 2:52 pm
Leighton not worried about mining downturn May 20, 2013, 2:47 pm
Aust bond prices lower May 20, 2013, 2:40 pm

World

Danone strikes deals to meet China's taste for yogurt

PARIS (AFP) - French food industry group Danone is ramping up its presence in the growing Chinese market for dairy products with two deals on Monday to tap… 27 minutes ago

German state to buy more bank data in tax clampdown 31 minutes ago
Goldman exits China's ICBC, 7 years and billions later 57 minutes ago
US drugmaker Actavis buys Irish rival for $8.5 bn 1 hour, 0 minutes ago
Goldman Sachs to invest in Japan green energy 1 hour, 10 minutes ago

Technology

Former Nokia software team unveils its first smartphone

HELSINKI (Reuters) - A group of ex-Nokia software developers unveiled its first smartphone on Monday, aiming to prove their former employer wrong by making a… 24 minutes ago