Potash seeks bids as BHP snubbed

omss, this is your Australian Business update for Tue Aug 24 08:17:26 EST 2010
	Potash seeks bids as BHP snubbed John Durie and Matt Chambers POTASH Corp has formally rejected BHP Billiton's hostile $43 billion takeover bid and says it has started talks with several other parties.   Wall St falls on economic worries Jonathan Cheng US stocks sank into the red today as economic fears weighed on the market, and the Australian dollar wobbled but regained US89 cents.   Banks facing headwinds Scott Murdoch WESTPAC chief Gail Kelly has warned that the Australian banking sector faces major "revenue headwinds" that will slow earnings growth.   One.Tel liquidator to sue media giants Susannah Moran A $244 million court case will go ahead against a host of media companies and former One.Tel telecommunications company executives.   Not Wal King away: CEOs hard to shift Tim Boreham and Brett Clegg CORPORATE Australia is as transfixed over the battle for political leadership in the wake of the federal election.   Productivity at risk in minority rule Annabel Hepworth, Damon Kitney and Scott Murdoch TWO key government advisers have warned that reforms aimed at lifting productivity could be jeopardised by a minority government.   Prime accepts Brookfield's $1.6bn bid Matt Chambers PRIME Infrastructure has agreed to a $1.6 billion takeover from major shareholder Brookfield Infrastructure Partners.   Caltex downbeat on consolidation Tracy Lee CALTEX Australia is unlikely to lead a charge to consolidate our refining sector.   Financial Markets Wall St falls on economic worries Jonathan Cheng US stocks sank into the red today as economic fears weighed on the market, and the Australian dollar wobbled but regained US89 cents.   Oil prices slip on demand concerns Record annuities growth for Challenger   Financial Markets Coverage   Mining & Energy Vale rejects Potash bid speculation Diana Kinch VALE has scotch speculation that it is interested in Potash Corp by denying that it has made any approach to buy any fertiliser company.   Oil prices slip on demand concerns Potash seeks bids as BHP snubbed   More Mining & Energy Coverage		08:07am 3Par bidding war just the start 08:03am Potash rejects BHP's hostile offer 07:43am HSBC eyes South Africa's Nedbank 07:40am Dollar lower, easing after rally 07:35am SeaWorld fined $84,172 over trainer's death 07:13am Vale rejects Potash bid speculation 07:13am Wall St shares slip over economy worries 06:56am Wall St falls on economic worries 06:20am Oil prices slip on demand concerns 06:04am Potash seeks bids as BHP snubbed 12:00am Investors pause for election outcome 12:00am China's decade of demand for steel 12:00am Telstra unlikely for NZ group 12:00am Dollar wins late vote of confidence 12:00am Record annuities growth for Challenger   More Business Breaking News
	John Durie Challenger lands a knockout blow THE contrast could not have been more stark yesterday. Tim Boreham Not so Swede on rubber gloves and condoms MAGNUS Nicolin, the Swede who took over as the glove and condom maker's new chief executive in March, faces a dilemma. More Opinion Stories
	Agriculture Vale rejects Potash bid speculation Aviation Pilots condemn Jetstar boss Banking & Finance HSBC eyes South Africa's Nedbank Construction & Engineering Not Wal King away: CEOs hard to shift Green Business Scrapping Wild Rivers legislation 'a priority' Healthcare Hospital operator bid 'fair' Infrastructure & Utilities Brookfield may have weakend its strategy Legal Affairs Pollies can spare Bryce unease Leisure & Gaming Avatar lifts Amalgamated result Manufacturing 3Par bidding war just the start Media Taylor seeks AVO against Matt Newton Mining & Energy Vale rejects Potash bid speculation Primespace   GPT cancels city project Retail & Consumer Foster's jumps amid takeover speculation Small Business Flight control to Major Rob Telecoms 3Par bidding war just the start Transport & Logistics Brambles adopts small-target for US		Highlights Potash seeks bids as BHP snubbed John Durie and Matt Chambers POTASH Corp has formally rejected BHP Billiton's hostile $43 billion takeover bid and says it has started talks with several other parties.   Banks facing headwinds Not Wal King away: CEOs hard to shift   More Highlights   Executive Lifestyle For the pride and groom Sue Williams AUSSIE blokes are increasingly interested in saving their own skins.   Hotel of the week: Mumbai's jewel   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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