press digest-australian business news - may 21 - portable projector reviews

Compiled by the Media Monitor for Reuters.
Reuters did not confirm the reports and could not guarantee their accuracy.
Financial Review of Australia (www. afr. com)
Investor Nathan tinkerer sold a 10% stake in the acquisition of target Macarthur Coal MCC.
AX sold it to an unnamed buyer for about $0. 44 billion.
The deal sparked market speculation that Dinkler's stake could be acquired by the same party in April that sought to acquire 24% of MacArthur founder Ken Talbot's stake.
Earlier this month, the coal miners said they were in talks with potential suitors.
"I can't add anything to our previous suggestions for the market," chairman Keith delexi said last night. Page 20.
Lion Nathan LNN, a beer and wine producer.
AX posted 1 yesterday.
Profits for the six months ended March 31 rose 6% to $164.
6 million, sales of $1. 1 billion.
The company reiterated its full
The annual profit forecast is between $0. 265 billion and $0. 275 billion.
Chief executive Rob in Murray of stock agent at least have 10% of profit growth prediction for 2008-
Over $09 to $0. 305 billion.
He said Nathan will review its strategy when readyto-
Last month, the federal government added consumption taxes on this category to drink spirits. Page 20.
Foxtel, a pay-TV operator, launched the next generation of iQ2 digital video recorders.
The company wants iQ2 and its five new highs
Defining channels will allow it to compete better with freedomto-air networks.
Seven, Nine, Ten Network launched high
In recent months, digital channels have been defined and standard-defined digital channels are planned to be introduced.
Patrick Delany, senior management at Foxtel, said yesterday that the company was very optimistic about the success of its products. Page 53.
Nick Burton Taylor, chairman and chief executive officer, Australian Agricultural Corporation (AACo)(AAC. AX)
Will be ousted by the board of directors of the company.
FCL future diversified industry group.
There are 42 AX.
AACo holds a 9% stake and plans to vote against Mr Burton Taylor's re-election
Election at the company's annual meeting today.
Burton Taylor denied Futuris's allegations that his actions were against the interests of AACo investors and said he was surprised by the move to remove him.
"I will use an ambush or something," said Mr. Burton Taylor . ". Page 53.
Australia (www. theaustralian. news. com. au)
Building group Watpac WTP.
AX has obtained a contract to build the Seven Network SEV.
The AX new headquarters in Redfern, Sydney is worth $0. 12 billion.
Greg Kempton, general manager of Watpac, said yesterday that it is planned to be at 12-40,000-
This will be Redfern's biggest development in ten years.
The building was developed by ATP Property, a joint venture between the seven and the Rebel Property Group. Page 33.
Adelaide company Digislide developed a portable projector prototype weighing less than 200 grams.
The compact Digismart pocket projector connects a variety of devices.
Digislide co-said: "This is definitely a good application for the business market, for example, people can make presentations on mobile phones or organizers
Founder Tim English
At the CeBIT Australia information technology exhibition in Sydney yesterday, the projector appeared. Page 34.
The fund management subsidiary of the Australian United health fund has established a joint venture with the special fund manager Wingate Group.
Joint investment in Australia (AUI)
Manage over $6.
Wingate manages 6 billion of the money, while Wingate manages $18 million.
David Bryant, chief investment officer at AUI, said the Wingate partnership is part of a strategy to provide investors with international equity.
The deal with Wingate is AUI's fourth such alliance since 2000. Page 37. Brisbane-
Engineering and Infrastructure Services group based on Cardno (CDD. AX)
Yesterday forecast growth of 43% to 54% in 200708 profit.
General Manager Andrew Barkley said the profit would be between $25 million and $27 million compared to $17.
5 million last year because the company is good
Despite widespread economic uncertainty.
"Cardno's diversity in many markets helps minimize risk," Barkley said . "Page 37.
Sydney Morning Herald (www. smh. com. au)
Tabcorp, gaming group (TAH. AX)
Have applied for online and telephone betting licenses in the northern region (NT).
In recent years, the good regulatory environment of the NT government has driven the rapid growth of the business of local gambling companies, and investment through the Internet has attracted customers from other states.
"We have lost about $3 billion to $4 billion in turnover to NT gaming [and]
"We need to recover this revenue," Tabcorp executive Robert Nathan said yesterday . ". Page 25.
Qantas (QAN. AX)
During the period from 2000 to 2006, staff members were widely involved in illegal fixed freight charges, a court in the United States (US)
Heard on Friday.
The US Department of Justice filed a document with the US District Court in Washington, claiming that at least six Australian Airways staff had colluded with other airlines to set up a cartel.
Six months ago, Australian Airlines paid a fine of $61 million to the ministry in exchange for future exemptions from prosecution.
Six former Australian Airways employees and current employees were excluded from the plea agreement. Page 27.
Centro Properties Group CNP, a struggling retail owner.
AX reported yesterday that its mall sales rose 7% in the third quarter to $10. 5 billion.
Observers expect the news to be welcomed by the directors of Centro, who must receive $0. 155 billion in debt financing from financiers by May 30 to prevent collapse.
Centro said earlier this month that financiers would appoint a receiver if the deal failed, but a successful agreement would allow the company to settle $6 by December 15. 5 billion debt. Page 27.
David Errington, an analyst at Merrill Lynch, questioned the financial health of the United States (US)
Wine business of alcoholic beverages group Foster FGL. AX.
Mr Errington said yesterday that Foster's US business, which the company acquired in 2000, will return only £ 5 this year.
8% investment capital.
"Paying $7 billion for assets that are currently difficult to generate $0. 45 billion EBIT strongly supports our claim [
Poor performance of American companies
"Mr. Errington said. Page 28. —THE AGE (www. theage. com. au)
The four pillars of the federal government policy may prevent the country from becoming a major financial service center, although the National Bank of Australia (NAB. AX)
Chief executive John Stewart said yesterday.
The policy has prevented the merger of Australia's four largest banks.
"Our banking system not only performed well, but also performed much better than the European banking system and the US banking system," Mr Stewart said at the Melbourne Financial Research Center's breakfast event . ". Page B2.
A report from Citigroup said the introduction of the carbon trading system may require Australian companies to cut greenhouse gas emissions faster and deeper than expected.
"The residence provided by the free license may be less than they would like or expect under [previous]
"The distribution of the coalition government and free licenses is likely to decrease faster," said Citigroup analyst Elaine Prior . ".
The industries most affected may include steel, aluminum, cement and liquefied natural gas, MS said. Page B2.
Melbourne it mlb Internet service provider.
AX announced an annual profit of $20.
1 million, up 141% from $8.
2006 3 million.
Revenue grew to $154.
4 million of $103
8 million last year.
Originally a domain name registrar from the University of Melbourne, the company now has offices in 18 countries. “A lot of the [new]
The services we are launching will continue to increase incremental profit growth for the business, "CEO Theo Hnarakis said yesterday. Page B5.
Film and theme park operator country roadshow (VRL. AX)
It will acquire a small Australian World theme park on Queensland's Sunshine Coast and expand it for $60 million to $70 million.
The park will open in September 2009 and will be renamed "Wet 'n' Wild Sunshine Coast ".
Peter Foo, COO, said yesterday: "We already have all the infrastructure there, and we already have the existing cash flow when we build the park . ".
The park will be based on the rural roadshow's Wet 'n' Wild Park in Gold Coast. Page B5 —