GoConnect, partner buy Chinese venture
GoConnect (ASX:GCN) and partner Priority One will each buy 40% of Shanghai Reliance, and use the venture to pursue a loyalty rewards program in China
Stories by Dylan Bushell-Embling
Seven Group bids to buy out National Hire
Seven Group (ASX:SVW) is eager to buy out the remaining one third of equipment rental company National Hire (ASX:NHR) for $3.60 per share
Court refuses injunction on Metcash-Franklins deal
Regulator ACCC has failed in its play for a court injunction on wholesale distributor Metcash (ASX:MTS) acquiring the Franklins supermarket chain
Nearly half of workers plan to look for new job
A report into A/NZ employees claims that 45% plan to look for a new job soon, and only 40% are satisfied where they are
Two Way gets new Asian investor
Interactive media company Two Way Limited (ASX:TTV) plans to use its newest investor's Asian contacts to pursue an expansion into the market
Uscom appoints new CEO
Cardiac monitoring device company Uscom (ASX:UCM) has promoted sales chief Joe Trygar to CEO
Myer revenue shrinks 3.8% in FY11
Myer (ASX:MYR) reported falling revenue and underlying profit in FY11, and predicted a further profit drop in FY12, but said it was encouraged by growth in online sales
VDM Group swings to $35.5m loss
Design and construction company VDM Group (ASX:VMG) swung to a $35.5 million net loss in FY11, in a result CEO Andrew Broad called “completely unacceptable”
Imdex appeal in patent case rejected
An appeals court has declined a request from drilling services company Imdex (ASX:IMD) to revisit a patent violation claim against two rivals
Cardno buys Lane Piper for $4.2m
Infrastructure services company Cardno (ASX:CDD) has bought geotechnical consulting firm Lane Piper in a cash-and-stock deal
Consumer sentiment spikes in September
Consumer confidence improved markedly in September, but remains shaken compared to last year, a Westpac-Melbourne Institute survey shows
Sigma swings to black in July half
Sigma Pharmaceuticals (ASX:SIP) swung to a $26.7m profit for the half year ending in July, but revenue was impacted by the loss of a wholesale deal
Tatts fails to win Victorian monitoring license
Tatts Group's (ASX:TTS) association with gaming in Victoria will now end completely in August 2012, after the company failed to win a machine monitoring contract
Australian businesses failures on the rise
The number of Australian companies going out of business spiked during the June quarter, according to a global survey from Dun & Bradstreet
Cochlear shares slump further on recall
Shares in Cochlear Limited (ASX:COH) have slumped 20% after a product recall announcement