Standard & Poor's Ratings Services has lowered its rating on Rick Stowe's private comany Griffin Coal Mining Company Pty Ltd after the coal miner's financial results were below expectations.
Peter Shergold, John Langoulant and Cathy Nance have been named in the state government's economic audit group that will review the operation and financial performance of the public sector.
United States company Cleveland Cliffs is looking to wrap up its takeover of iron ore miner Portman Ltd quickly, announcing today it will make on-market purchases at a possible discount to its $21.50 cash offer.
Mining services company Emerson Stewart Group Ltd has been awarded a new contract, valued at some $5 million, by BHP Billiton Nickel West at its Leinster operation in Western Australia.
A handful of Perth companies, Macmahon Holdings Ltd, Monadelphous Group Ltd and Nomad Building Solutions Ltd, have had their recommendations changed by analysts at brokerage Hartleys.
The state's largest credit society, Police & Nurses Credit Society, has pledged it will pass on in full any rate cut made by the Reserve Bank of Australia at its upcoming November meeting.
O'Connor-based Brainytoys Ltd is teetering on the brink of collapse with the stock's September quarterly in the red as capital injection deadline looms.
Shares in Mount Gibson Iron Ore Ltd are still placed in a trading halt as the company continues discussions with customers and third parties regarding off-take agreements.
Aussie dollar hammered as market prepares for another fall; Jobs to go as CBA swings the axe; Toymaker faces cash crunch, pair quit; US looks to fix ailing insurers; Funds call for guarantee
Perilya Ltd will retain its Mount Oxide copper project after buyer Chalice Gold Mines Ltd asked for the acquisition deal to be terminated amidst the fall in commodity prices.
The iron ore price will be a leading indicator of Western Australia's economic health as the risk of a slump continues to rise, a leading economic forecaster has warned.
Perth public relations firm Porter Novelli, owned and managed by Paul Downie and John McGlue, will operate under the FD Third Person banner after it was acquired by Financial Dynamics International.
West Perth-based Automotive Holdings Group Ltd says it is working to replace its existing network of finance providers after major financier GMAC Finance Services withdrew from the local market due to the global credit squeeze.
The state's business lobby group is urging the federal government to come to Western Australia to discuss the impact of the global turmoil on local business and industry.
Treasurer Troy Buswell is considering an overhaul of the Department of Housing and Works after the agency revealed it will have a shortfall of $235 million this financial year.
Handini Resources Ltd has followed the downward trend of the overall market, debuting on the local bourse at an 8 per cent discount to its issue price.
Falling lead prices and costs associated with maintenance works at its suspended Wiluna operation in Western Australia have prompted miner Magellan Metals to lay off 18 people.
Premier Colin Barnett has today insisted that there is no disagreement with Nationals Leader Brendon Grylls over the royalties for regions policy, as the opposition steps up calls for more clarity on the funding program.
Mining services company NRW Holdings Ltd has been awarded a three-year contract, valued at $180 million, for works at OM Holdings Ltd's Bootu Creek manganese mine in the Northern Territory.
THE state's economy could yet feel the impact of the global financial crisis, which has already lifted the cost of borrowing and could make it increasingly difficult to access finance.
HIGHER than expected revenue projections over the next two years have prompted the state government to cut land tax by 7 per cent, Treasurer Troy Buswell has announced.
WESTERN Australia's insulation from the global financial market turmoil is getting thinner by the day, as the risk of a significant and broadly based decline in commodity prices rises with each disturbing escalation of the credit crunch.
LABOUR market pressures remain high in the Western Australian economy, with the skills shortage continuing to hit hard and the wage price index running ahead of the rest of the country.
WHEN John Pica bought in to the Garden City franchise of global hair reduction specialists, Hairfee, in September 2007, he was sure he had chosen a winning business.
