On Wednesday after Westfield Group (ASX: WDC) announced the split of its domestic and international assets it jumped 6% in early trade.
Tigerair is about to introduce a new Adelaide route which will cater to fly an extra 800,000 passengers through Queensland each year. This major expansion will also generate 150 new jobs. Among the newly created jobs 120 will be in Brisbane and 30 others elsewhere.
The Blackstone Group LP (BX) in 2007 bought Hilton Worldwide Holdings Inc. (HLT), the lodging chain. Now it plans to raise as much as $2.4 billion in its U. S. initial public offering, the highest ever for a hotel company.
Swedish car maker Saab, which went bankrupt two years ago in 2011, has recommenced production under its new ownership. Saab began manufacturing cars in 1949 and was owned by GM from 1990 to 2010. Then it was sold to Victor Muller, owner of Dutch supercar manufacturer Spyker. Muller's plan had been to boost production and relaunch models, but he had to put in great effort to secure finance from the European Investment Bank.
The fate of the much-loved carmaker Holden now rests on the Productivity Commission's inquiry into the shrinking Australian car industry and the response of the government to that inquiry.
The chief executive of GrainCorp Alison Watkins has resigned just days after Treasurer Joe Hockey blocked a $3.4b foreign takeover bid for the company.
In a statement to the share market, the firm said wanted she wanted to pursue "a new opportunity in the corporate sector."
Chorus claims it has no option but to head to the High Court in a bid to try to overturn a competition watchdog ruling wanting it to slash its copper broadband pricing by $10 a month.
The commission's ruling cuts the price Chorus can charge for the copper wire broadband and phone services by about $10 a month to $34.44 in December 2014.
- Shanghai reports PM2.5 pollutants much more than WHO recommended level
- Pregnant teenagers to be helped
- NBN Co report: Shortfalls in FTTN CVC revenue could keep FTTP prices high
- Cut-off date for Windows 7 shipping with new PCs is November 1, 2014
- ACCC warning consumers about ‘freemium’ child-friendly game apps