WMC Announces AU$1 Billion Payout
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WMC currently is fending off a AU$7.4 billion takeover bid by Switzerland-based Xstrata PLC. The mining company upgraded its earnings forecast to around $1.3 billion for the calendar year, above analysts&#39; expectations.
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First week brings $1 million in downloads, CEO says.
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James Hardie Industries NV, Australia&#39;s fourth-biggest building materials maker, agreed to cover an estimated A$1.5 billion ($1.1 billion) shortfall in compensation for sufferers of asbestos diseases.
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The bond insurer MBIA raised $1 billion on Thursday by selling shares at $12.15 each in an effort to protect its AAA insurance rating.
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Australia's Qantas Airways  said on Thursday it has accepted an A$11.1 billion ($8.7 billion) revised buyout offer led by Macquarie Bank Ltd.  and private equity firm Texas Pacific Group at A$5.60 a share.
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Swiss-based Xstrata  on Friday raised its cash offer for Australian coal miner Resource Pacific Ltd  by 12 percent to A$1.08 billion ($964 million) and declared it final.
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SYDNEY - James Hardie Industries struck a deal to pay $1.1 billion to compensate asbestos-related disease sufferers on Tuesday, boosting the firm&#39;s stock as much as 8 percent as a 14-month row over funding neared its end.
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The auditor was the vice president of a company that received more than $1.2 million in payments.
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Business & money: International group will track $1trillion of illicit funds.
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TOKYO (CBS.MW) - Swiss mining conglomerate Xstrata said Monday it offered to buy the entire issued share capital of major Australian mining company WMC Resources for A$7.4 billion ($5.79 billion) in cash.
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OLYMPIC DAM, South Australia (Dow Jones)--WMC Resources Ltd. (WMR.AU) is pinning its defense from aA$7.4 billion takeover bid by Xstrata PLC (XTA.
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PERTH (Dow Jones)--WMC Resources Ltd. (WMR.AU) said Monday that expansion of its nickel production will cost up to A$650 million, with an investment decision in the first half of 2006.
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Wave of future rolls up on Oz shores House of Cards Australian gaming behemoth Tabcorp achieved a milestone of sorts last week with its announcement that it had for the first time surpassed Aus $1 billion in annual internet revenues, Casinocitytimes.com has reported. The figure constituted a 23% increase over the previous fiscal year.â¦
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RESOURCES giant Xstrata announced its first triumph in its $7.4 billion takeover bid for WMC Resources yesterday - the purchase of 173,954 shares.
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Teck Cominco, a mining company and metals producer, has agreed to buy Aur Resources for 4.1 billion Canadian dollars ($3.9 billion) in cash and stock.
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MELBOURNE (Dow Jones)--Xstrata PLC (XTA.LN) Monday launched a hostile A$7.4 billion bid for WMC Resources Ltd. (WMR.AU), increasing pressure on Australia&#39;s last sizable
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News Corporation has awarded its executive chairman Rupert Murdoch a staggering $US12.5 million ($18 million) performance bonus for the latest financial year - believed to be the biggest in Australian corporate history.