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James Hardie victims get $320m lifeline
The New South Wales and Federal Governments are lending James Hardie more than $300 million to make sure asbestos victims receive compensation. The governments joined forces to bail out James .......
ABC- Saturday November 7, 2009, 10:53 am
Freddie Mac loses $US6.3b in Q3
US mortgage finance giant Freddie Mac said on Friday it lost $US6.3 billion ($A6.91 billion) for shareholders in the third quarter but would not seek any additional bailout funds from the government.T.......
AAP- Saturday November 7, 2009, 10:24 am
Senators spray Rudd's ETS 'hissy fit'
Crossbench Senators say they are not impressed by Prime Minister Kevin Rudd's attack on those who oppose his climate change policy. Mr Rudd on Friday launched an invective towards climate change d.......
ABC- Saturday November 7, 2009, 9:44 am
Fuel pump forces LA-bound Qantas flight home
A Qantas plane carrying 329 passengers on its way from Sydney to Los Angeles has been forced to return to Australia because of a faulty fuel pump. The A380 had to divert to Melbourne due to wet we.......
ABC- Saturday November 7, 2009, 9:11 am
British Airways axes another 1,200 jobs
British Airways (BA) will cut another 1,200 jobs after reporting a record loss of $500 million for the first half of the year. Shares in the airline took off on the London Stock Exchange - jum.......
ABC- Saturday November 7, 2009, 8:00 am
Oil prices fall on US unemployment data
Oil prices tumbled on Friday after the government said the US unemployment rate topped 10 per cent for the first time since 1983.Benchmark crude for December delivery gave up $2.74 to trade at $76.88 .......
AAP- Saturday November 7, 2009, 7:54 am
Shell Oil to pay California $19 mln over violations
SAN FRANCISCO (AFP) - Shell Oil Company will pay California more than 19 million dollars because of environmental violations at service stations throughout the state, officials said Friday.The agreeme.......
AFP Business News- Saturday November 7, 2009, 7:52 am
US sanctions target Iran bank subsidiary
The US has imposed sanctions on the Malaysian subsidiary of Iran's Bank Mellat, saying it helped finance "proliferators of weapons of mass destruction".The Treasury Department named the .......
AAP- Saturday November 7, 2009, 7:23 am
Oil spill sends fishermen bankrupt
An environmental lawyer in Indonesia says local fishermen are going bankrupt because the Timor Sea oil spill has ruined fish stocks. The West Atlas oil rig spewed hundreds of thousands of litres o.......
ABC- Saturday November 7, 2009, 7:16 am
Woodside to triple Indigenous workforce
Oil and gas company Woodside says it is working to improve its Indigenous employment record in Western Australia. Woodside employs about 30 full-time Aboriginal staff and 250 contractors. Chief ex.......
ABC- Saturday November 7, 2009, 7:15 am
Economic recovery signals strong: OECD
Green shoots of recovery are beginning to look like strong sapplings of growth, with indicators pulling strongly ahead in China, Britain, France and Italy the OECD said on Friday."A recovery is c.......
AAP- Saturday November 7, 2009, 7:14 am
Opel chief quits after GM decides to keep European unit
NEW YORK (AFP) - General Motors said Friday it will seek a new chief for European operations with Carl-Peter Forster quitting following the automaker's decision to hang on to its Opel/Vauxhall divisio.......
AFP Business News- Saturday November 7, 2009, 7:01 am
G20 ministers to firm up global recovery, climate funding
ST ANDREWS, Scotland (AFP) - Hosts Britain told the G20 it had "no reason to give up" on a new climate change deal Friday, as finance ministers met for talks on bolstering the world economy.......
AFP Business News- Saturday November 7, 2009, 6:55 am
Gold price hits new record at $US1100
The price of gold hit a record high above $US1100 ($A1207) an ounce in trading on Friday following a report that Sri Lanka had joined India in buying the precious metal in favour of US dollars."T.......
AAP- Saturday November 7, 2009, 6:40 am

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