Rio Tinto (RIO AT)
- CEO Tom Albanese steps down after USD 14bln impairment. He will be replaced by iron-ore CEO Sam Walsh. The impairment includes USD 3bln for Mozambique coal assets and aluminium assets in USD 10-11bln range. (Newswires)
Woodside Petroleum (WPL AT)
- Co.’s USD 15bln Pluto liquefied natural gas plant in Western Australia is poised to overtake the giant North West Shelf as the company’s biggest single earner after the ‘game-changing’ project drove a 30% surge in the group’s total output and sales revenue last year. (The Australian)
Qantas (QAN AT)
- Fair Work Australia has ruled in favour of Qantas by rejecting the job security claims of it long-haul pilots in compulsory arbitration, with the union vowing “to try again next year” for a better deal. (Australian Financial Review)
- Co. says it is firmly committed to Dreamliners with the first Dreamliner arriving mid 2013. Co. also states that fleet changes won’t have material impact on capex. (Newswires)
Virgin Australia (VAH AT)
- ACCC postpones decision on AUD 35mln sale of Tiger Airways Australia stake to Virgin to Feb. 7 from Jan. 31. (Newswires)
Westfield (WDC AT)
- Co. and Hammerson agree on JV to redevelop retail centre in Croydon., with Westfield buying 50% stake in Centrale shopping centre. (Newswires)
- Tatts Group (TTS AT) raised to neutral at Credit Suisse.
- OZ Minerals (OZL AT) raised to overweight at JPMorgan.
- Challenger (CGF AT) cut to neutral at JPMorgan.
- Rio Tinto (RIO AT) raised to buy at Citigroup.
- Rio Tinto (RIO AT) cut to equal weight at Morgan Stanley.
- Paladin (PDN AT) raised to hold at Patersons.
Print 22:45, 17 Jan 2013 - Asian News - Source: Newswires / Australian Financial Review / The Australian
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