Business

Wednesday, June 19th, 2013

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City tower sells for $458m

Receivers for Luke Saraceni's Raine Square tower sell development to property group Charter Hall.

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Hughes blasts council

Car dealer accuses Victoria Park council of impeding his business by refusing plans to rebuild an office.

Council overruled on Subi tower

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Hancock trust 'to be fair'

John Hancock vows not to discriminate against Ginia if he replaces his mother as head of family trust.

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Deloitte keeps the faith

Deloitte's nation-leading Perth office is keeping the faith despite the affects of the mining slowdown.

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Prawn farm venture closer

CO2 lines up investors for talks about a big prawn farming venture in the State's Kimberley region.

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$250m power station blowout

Power station refurb to cost taxpayers $250m

Opposition to quiz State Govt over disastrous refurbishment of old Muja AB power plant. 01:33 pm

Inglorious debut for split News

News Corp's two new trading entities come onto the boards soft. 11:40 am

Airport screeners strike goes national

Security staff rally at Qantas terminals across nation in support of Perth comrades. 10:17 am

Tinkler sells Whitehaven stake

Embattled entrepreneur sells 9.9pc stake in coal miner for about $300m. 01:38 pm

Market still in the black mid-session

Local bourse trades firmer after positive overnight lead from Wall St. 10:44 am

WA Business

Botched power station fix to cost taxpayers $250m

A disastrous refurbishment of a 47-year-old electricity generation plant at Verve’s Muja Power Station near Collie could see taxpayer losses exceed $250… 50 minutes ago

Lola's first season marked with impressive tasty treat June 19, 2013, 12:12 pm
Airport screeners strike goes national June 19, 2013, 10:17 am
Raine Square sells for $458m June 19, 2013, 8:35 am
Hughes blasts council inflexibility June 19, 2013, 7:24 am

National

Tinkler sells Whitehaven stake for $300m

Embattled entrepreneur Nathan Tinkler has sold about half of his stake in Whitehaven Coal to his financier Farallon Funds for $300 million. 45 minutes ago

WA internet job ads plunge 11 minutes ago
Botched power station fix to cost taxpayers $250m 50 minutes ago
Bullish lagging index slightly deceptive June 19, 2013, 12:21 pm
No recession on the horizon June 19, 2013, 12:15 pm

World

Japan's exports pick up pace, give economy momentum in rough markets

By Kaori Kaneko and Stanley White TOKYO (Reuters) - Japan's exports rose in May at the fastest annual rate in more than two years with the… 50 minutes ago

US auto giant GM breaks ground on China Cadillac plant 59 minutes ago
Fed seen keeping options open on pace of bond buying 1 hour, 17 minutes ago
Japan May trade deficit widens on import costs June 19, 2013, 12:22 pm
Asia business sentiment rises in second quarter, global growth risk still dominates June 19, 2013, 11:08 am

Technology

New CEO begins Alcatel make-over

By Leila Abboud PARIS (Reuters) - Telecom equipment maker Alcatel-Lucent will focus on its high-growth fixed and mobile products and slim… 14 minutes ago