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Insider trading charges over BHP bid

  The Australian Business Briefing  
  omss, this is your Australian Business update for Wed Aug 25 13:25:13 EST 2010  
 
Insider trading charges over BHP bid
Aus Bus Pix Potash Corp of Saskatchewan John Kell TWO men have been charged with insider trading over BHP Billiton's $US39 billion ($43bn) bid for Potash Corp of Saskatchewan.
 
Suncorp profit more than doubles
Suncorp Lyndal McFarland SUNCORP-METWAY said today full-year profit more than doubled and the company was making "good progress" recovering from GFC challenges.
 
Global fund shuns Telstra shares
Telstra Mitchell Bingemann A GLOBAL financial management group with assets worth over $21 billion says there is too much uncertainty to consider investing in Telstra.
 
Seven posts $718m profit in two months
Aus Bus Pix Kerry Stokes Seven Network chairman Lyndal McFarland SEVEN Group recorded $718 million in net profit for the first two months of operation after its restructure.
 
WorleyParsons tumbles on weak profit
Mining engineering Rebecca Thurlow WORLEYPARSONS shares tumbled nearly 8 per cent today after the engineering group's fall in full-year net profit was worse than expected.
 
Asciano 'positive' after $976m loss
Asciano Bill Lindsay ASCIANO today posted a $975.9 million loss on a billion-dollar asset writedown, but said it held a "positive" outlook for 2010-11.
 
Qantas to boost domestic capacity
Qantas Steve Creedy, Aviation Writer QANTAS says it will add 66,000 seats per week to its domestic network as part of plans to increase capacity by 9.6 per cent.
 
Macarthur hit by doubts on coal buy
Macarthur Coal UPDATE: Michael Bennet MACARTHUR Coal shares have been smashed, as the market queries the coal asset bought with its $439 million capital raising.
 
Financial Markets
US housing fears weigh on sharemarket
Aus Bus Pix ASX, shares, stocks THE sharemarket fell nearly 1 per cent by early afternoon as weak US housing data exacerbated anxiety over the world's biggest economy.
 
Global fund shuns Telstra shares
S&P cuts rating on Ireland
 
Financial Markets Coverage
 
Mining & Energy
Macarthur hit by doubts on coal buy
Macarthur Coal UPDATE: Michael Bennet MACARTHUR Coal shares have been smashed, as the market queries the coal asset bought with its $439 million capital raising.
 
Macarthur raises $439m at discount
OZ Minerals returns to profit
 
More Mining & Energy Coverage
 
Business Breaking News
 
01:17pm SEC moves quickly in BHP bid scandal
12:58pm Noon stocks fall on Wall St blues
12:53pm Dollar slightly lower on US weakness
12:50pm US housing fears weigh on sharemarket
12:36pm Global fund shuns Telstra shares
12:35pm Ooh Media doubles outdoor's growth
12:29pm Construction figures 'won't lift rates'
12:28pm Choice numbers give Russell muscle
12:22pm Macarthur hit by doubts on coal buy
12:00pm MAp 2010 Interim Results Commenta...
11:53am Regional Express lands record profit
11:49am Qantas to boost domestic capacity
11:43am Construction work rose in June quarter
11:30am CogState launches Axon Sports Joi...
11:27am WorleyParsons tumbles on weak profit
 
More Business Breaking News
 
 
 
 
 
John Durie
SEC moves quickly in BHP bid scandal
THE self-named speed merchants at ASIC must be impressed at the efficiency of their US comrades over the BHP-Potash insider trading scandal.
john-durie
Tim Boreham
Choice numbers give Russell muscle
MORTGAGE Choice believes the big banks can ill afford to squeeze home-loan brokers on commissions.
tim-boreham
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News By Sector
Agriculture
Insider trading charges over BHP bid
Aviation
Regional Express lands record profit
Banking & Finance
Suncorp profit more than doubles
Construction & Engineering
WorleyParsons tumbles on weak profit
Green Business
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Healthcare
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Infrastructure & Utilities
Asciano 'positive' after $976m loss
Legal Affairs
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Leisure & Gaming
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Manufacturing
Seven posts $718m profit in two months
Media
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Macarthur hit by doubts on coal buy
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Small Business
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Highlights
Insider trading charges over BHP bid
Aus Bus Pix Potash Corp of Saskatchewan John Kell TWO men have been charged with insider trading over BHP Billiton's $US39 billion ($43bn) bid for Potash Corp of Saskatchewan.
 
Dangerous fall in US house sales
Aristocrat gambles on board revamp
 
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