31 2008
Dresdner sold for $17bn, 9000 job cuts
ALLIANZ will sell the Germany’s third-largest private bank, Dresdner, to number two Commerzbank for 9.8 billion euros ($17 billion).
31 2008
Little thrives on tough market
WHILE many businesses have been forced to curtail their investment activities in a bid to survive turbulent market conditions, Paul Little’s Toll Holdings has made more than eight acquisitions in the past year.
31 2008
Gustav heading for Gulf’s oil coast
HURRICANE Gustav, which is expected to hit the US today, could take out more oil production than Katrina and Rita, which devastated the Gulf of Mexico in August and September of 2005.
31 2008
Local gold output sinks to 18-year low
GOLD output in Australia sank to an 18-year low last financial year — and not even a better fourth quarter could avert the poor result.
31 2008
Liberals oppose BHP merger
WEST Australian Liberals are threatening to penalise mining giants BHP Billiton and Rio Tinto if they merge.
31 2008
Credit Suisse backs Macquarie
MACQUARIE Group is better placed than fallen angels such as Babcock & Brown — but it nevertheless faces reputational challenges, according to a report from Credit Suisse.
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