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What comes next after the new gold rush?
1pointsThe development of Perth and Western Australia has been defined by booms. First came the gold rush of the 1890s; now the world’s insatiable demand for the iron ore, alumina and natural gas is driving the development.
BHP Billiton in $734m dispute with tax man
1pointsThe Australian Tax Office has slapped BHP Billiton with a $734 million bill for back tax and penalties over its disastrous Hot Briquetted Iron plant in Western Australia.
Kyoto protocol 'major challenge' for business
1pointsThe Chamber of Minerals and Energy says Australia's decision to implement the Kyoto protocol will be a major challenge for Western Australia's energy intense economy.
Australia's trade deficit hits record
1pointsAustralia's seasonally adjusted trade deficit blew out to a record 2.983 billion dollars in October, government data showed Monday. The worsening trade gap was much worse than the 1.8 billion dollars expected by the market.
Rio Tinto wards off BHP with Pilbara expansion
1pointsMining giant Rio Tinto has announced massive expansion plans for its iron ore mines in Western Australia's Pilbara, dismissing a plan to merge with rival BHP Billiton.
Boob jobs: The better way to Google advertise
1pointsTHE tendency of Australians to type words into search engines much as they speak and think, with frequent use of colourful language and occasional misspellings, is giving advertisers a way to circumvent the rising cost of paid search engine ads.
Perth man jailed for sharemarket rigging
1pointsThe Australian Securities and Investments Commission says 56-year-old Perth entrepreneur Dean Scook has been sentenced to three years in jail for market rigging.
Shares rise, but big banks fall
1pointsAUSTRALIAN stocks made minor gains at this morning's open following a modest lead from Wall St overnight, but the big banks fell as the US credit turmoil takes its toll.
UK loses tax details for 25m people
1pointsPersonal details of 25 million people have been mislaid by Britain's tax authority, finance minister Alistair Darling said, in another major blow to a government reeling from the Northern Rock banking debacle.
Seven increases its stake in WA Newspapers Ltd
1pointsSeven Network Ltd, chaired by Kerry Stokes, has increased it's holdings in WA Newspapers Ltd from 17.3% to 19.4%. This aquisition is the third major share purchase by the Seven Network of WANH shares.
Google Options Make Masseuse a Multimillionaire
1pointsBonnie Brown was fresh from a nasty divorce in 1999, living with her sister and uncertain of her future. On a lark, she answered an ad for an in-house masseuse at Google, then a Silicon Valley start-up with 40 employees.
BHP launches takeover bid for Rio Tinto
1pointsBHP Billiton, the world's largest miner, said today it had made a takeover proposal to its next biggest rival and fellow Anglo-Australian company Rio Tinto.
Clean fuel firm forced to shut works
1pointsONE of Australia's largest biodiesel producers, Australian Renewable Fuels, has shut two plants because of a surging price for tallow feedstock - the main ingredient used to make the fuel - and what it describes as Government "indifference".
Watchdog fines Richard Pratt's Visy $36m
1pointsThe largest fine in Australian corporate history has been meted out to packaging giant Visy but its billionaire chairman, Richard Pratt, has escaped a personal penalty.
US: Stocks plunge; Dow drops more than 360
1pointsNEW YORK - Wall Street plunged Thursday, pulling the Dow Jones industrial average down more than 360 points as investors found themselves confronted by two uncomfortable prospects: an end to interest rate cuts and a slowing economy.
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