ACCC opposes NAB bid for AXA

omss, this is your Australian Business update for Thu Sep 09 12:42:36 EST 2010
	ACCC opposes NAB bid for AXA UPDATE: Bill Lindsay THE competition regulator said today it remained opposed to National Australia Bank's proposed $13.3 billion bid for wealth manager AXA Asia Pacific.   Anatolia, Avoca in $2.2bn gold merger UPDATE: Michael Bennet CANADA'S Anatolia Minerals Development said today it would merge with Avoca Resources, creating a combined $US2 billion gold miner.   Jobless rate falls to 5.1pc Enda Curran AUSTRALIA'S unemployment rate fell to a lower-than-expected 5.1 per cent in August from 5.3 per cent in July.   US rejects Virgin Blue, Delta alliance UPDATE: Josh Mitchell THE Obama administration rejected today plans by Virgin Blue and Delta Air Lines to co-ordinate operations between Australia and the US.   Santos sells LNG stake to Total UPDATE: Matt Chambers SANTOS has agreed to sell a 15 per cent stake in its Gladstone LNG project to French energy company Total for $650 million.   Aevum explores merger options Michael Bennet TAKEOVER target Aevum is in talks with "a number of parties", including FKP Property Group, after rejecting Stockland's $266 million offer.   Widespread signs of US slowing: Fed Luca Di Leo THE US economy is showing "widespread" signs of deceleration, the Federal Reserve said today in its Beige Book.   Branson bets on oil from algae Alexandra Frean RICHARD Branson is betting on algae as an alternative jet fuel and has invested a chunk of his personal fortune in its development.   Financial Markets Jobs report fuels sharemarket rise THE stockmarket was nearly 1 per cent higher by early afternoon as finance stocks firmed and a jobs report boosted investor confidence.   Jobless rate falls to 5.1pc JP Morgan leads Wall St shares higher   Financial Markets Coverage   Mining & Energy Mining can beef up defence Henry Thornton WE can't defend ourselves against an empire that is deeply committed to taking our resources, rather than paying a market price.   Santos sells LNG stake to Total Santos to cut Gladstone LNG stake   More Mining & Energy Coverage		12:38pm Jobs report fuels sharemarket rise 12:35pm AXA's obvious solution: bonjour, AMP 12:30pm Nine gambles again on The Block 12:22pm 612 ABC Brisbane wins top radio gong 12:18pm Mining can beef up defence 12:14pm Election interest makes traffic spike 12:03pm Gruen tops as Weddings breaks 1 million 12:00pm No copyright in headlines: a batt... 11:42am Unemployment rate falls to 5.1pc 11:39am Jobless rate falls to 5.1pc 11:35am Santos sells LNG stake to Total 11:33am Aevum explores merger options 11:30am Shaw River Resources presentation... 11:16am ACCC opposes NAB bid for AXA 11:15am Drillsearch and Innamincka to bui...   More Business Breaking News
	Tim Boreham AXA's obvious solution: bonjour, AMP TEN months to the day since AMP lobbed its hostile offer for its arch rival, the AXA Asia Pacific imbroglio is no closer to being solved. John Durie ACCC digs in on banking stand THE ACCC's rejection of the NAB-Axa bid has deepened the line in the sand it drew to stop further big-bank acquisitions in Australia. More Opinion Stories
	Agriculture Foster's corks $2.7bn bid Aviation US rejects Virgin Blue, Delta alliance Banking & Finance ACCC opposes NAB bid for AXA Construction & Engineering Stewart positions himself to lead Leighton Green Business Solar progress means money to be had Healthcare Cautious welcome, consultation urged Infrastructure & Utilities Premier on track to decide QR fate Legal Affairs Cape Lambert in $80m dispute with MCC Leisure & Gaming Foster's corks $2.7bn bid Manufacturing Toyota forced to recall Hilux Media Nine gambles again on The Block Mining & Energy Mining can beef up defence Primespace   Aevum explores merger options Retail & Consumer Pernod's rugby drop Small Business Dark clouds over small business Telecoms Vodafone loses $2.8bn Indian tax case Transport & Logistics Branson bets on oil from algae		Highlights Santos sells LNG stake to Total UPDATE: Matt Chambers SANTOS has agreed to sell a 15 per cent stake in its Gladstone LNG project to French energy company Total for $650 million.   Widespread signs of US slowing: Fed Argus lashes politicians   More Highlights   Executive Lifestyle Dubai ruler to reclaim mega yacht crown John Harlow THE ruler of Dubai, who already has the world's tallest building, could soon be the ruler of the high seas, too, after 24 inches are added to his mega yacht.   Lamborghini without frills   More Primespace Coverage   Portfolio Manager Currencies Map Portfolio Login RSS Feeds Alerts (Email/Mobile) Vanguard Volatility Chart Alerts Login Interactive Charting
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