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- Federal Court Approves MBF, BUPA Merger
- Health insurer MBF Australia Ltd and BUPA Australia Health Pty Ltd have received the green light from the Federal Court of Australia to combine their businesses.On Monday, MBF policyholders voted in favour of the $2.4 billion friendly takeover by BUPA Australia, the domestic arm of the British owned BUPA...
- News items 2008-05-14
- Grangemouth Strike May Halve N.Sea Oil Output
- By Margaret Orgill and Daniel Fineren LONDON (Reuters UK) - A strike planned this weekend at a major Scottish refinery raised on Thursday fears of fuel disruption and will force the closure of the key Forties North Sea pipeline, halving Britain's crude oil output. Talks to...
- News items 2008-04-24
- Telstra Has Broadband Advantage: Libs
- The Rudd government's rush to deliver its planned national fibre-to-the-node broadband network has given Telstra a clear advantage to win the contract to build it, the opposition says.The Senate is debating a government bill to force Telstra into sharing its network secrets with rival companies so they can effectively...
- News items 2008-05-14
- NIB Upbeat Despite Medicare Changes
- Australia's only listed private health insurer, NIB Holdings Ltd, on Monday confirmed its full year market guidance as the company's share price fell sharply ahead of changes to the Medicare levy surcharge threshold.The federal government on Sunday confirmed it would double the surcharge threshold for singles' annual incomes from...
- News items 2008-05-12
- Minister Says Italy Seeks Domestic Solution For Alitalia
- ROME (Reuters UK) - Italy's new economy minister said on Saturday the Rome government was seeking a "domestic solution" for ailing airline Alitalia AZPIa involving private investors. "We are seeking a fundamentally Italian, private solution. If it does not work, we will see," Giulio Tremonti,...
- News items 2008-05-10
- Long Wish Lists For WA State Budget
- Tax reform, a children's hospital and hundreds more hospital beds are on West Australian wish lists for the boom state's election-year budget to be delivered on Thursday.Treasurer Eric Ripper lifted the operating surplus forecast for 2007-08 by almost $400 million to $1.83 billion, from $1.45 billion previously, when the...
- News items 2008-05-07
- The Week That Was in Healthcare
- As we start a new week, here's a quick wrapup of important healthcare stories that you might have missed in the week that was: Retail health clinics -- often staffed by non-physicians and set up in big-box retailers or drugstores -- have been touted as one way...
- Blog posts 2008-05-12
- BG Backs Origin Role in Australia State Power Sale
- By Fayen Wong PERTH (Reuters UK) - Gas producer BG Group BG will support Origin's participation in the upcoming privatisation of New South Wales' power assets, if it succeeds in a takeover plan, the Australian state's government said on Thursday. BG also has no plans to...
- News items 2008-05-07
- Good News Not Totally Absent in Healthcare
- Medical costs continue to rise much faster than general inflation, the insurance safety net is fraying as health plans and hospitals push the financial burden of being ill back onto the sick themselves, and even people who get their insurance through work have seen their premium contributions rise ten times...
- Blog posts 2008-05-06
- Condensate Exemption Hits Woodside Hard
- Woodside Petroleum Ltd has slammed the federal government's budget decision to remove a 30-year old tax exemption on extracting light crude oil from natural gas, saying it wasn't consulted about the move.Woodside says the tax exemption has underpinned the viability of the $25 billion North West Shelf Venture in...
- News items 2008-05-14
- Do Markets Have Morals?
- I think markets have blind spots, along with a certain caustic wit. But the Templeton Foundation has been funding research into what you might call the two sides of Adam Smith, melding the free-market capitalism of "The Wealth of Nations" with the moral philosophy of its predecessor, "The Theory...
- Blog posts 2008-05-13
- As Hospitals Hit the Skids, Odds of a Healthcare Crisis Rise
- It's not just big insurers who are sinking into the swamp these days -- hospitals are slipping as well. And while it's a little early to know for sure, the problems of health plans seem quite likely to make those of hospitals even worse. Yesterday, Tenet Healthcare...
- Blog posts 2008-05-07
- Aetna's Ron Williams Speaks -- And Actually Says Something
- This Fortune interview with Aetna CEO Ron Williams is a few days old, but as it just popped up in my RSS reader, it is, as they say, new to me. Since it's pretty rare to see someone like Williams candidly discuss the health-plan business, its problems and some intriguing...
- Blog posts 2008-05-08
- Great Lakes Airlines Fills Fewer than 50% of Seats
- Pop quiz: How can an airline fill less than half of its seats and still post a $19 million profit for the full year of 2007? Go ahead and take a bow. It's thanks to your tax dollars. Great Lakes Airlines has become the...
- Blog posts 2008-05-13
- MBF Policyholders Approve BUPA Merger
- Health insurer MBF Australia Ltd policyholders have approved a $2.41 billion merger with BUPA Australia.The majority of MBF's 820,000 policyholders who voted were in favour of the takeover by one-time rival BUPA Australia, the domestic arm of British health insurer, BUPA.Of the 820,000 policyholders, 98.33 per cent or 329,605...
- News items 2008-05-12
- Chinese Eye $15b Electricity Sell-off
- China's largest power company is eyeing the NSW government's $15 billion sell-off of the electricity industry.China Huaneng Group has already bought power assets in Queensland and Singapore, Fairfax reports, and now wants to greatly expand its presence in South-east Asia and Australia.The company has asked its "Australian team to...
- News items 2008-05-09
- Thailand to Release 2.1 Mln T Rice For Domestic Mkt
- BANGKOK (Reuters) - Thailand said on Tuesday it will sell some of its government rice stockpiles into the domestic market for the first time in nearly 1- years as the world's top exporter seeks to cool prices that have nearly trebled this ...
- News items 2008-04-29
- Northern Rock Investors Start Legal Action
- LONDON (Reuters UK) - Britain's government "deliberately rigged" compensation terms for shareholders in nationalised bank Northern Rock, a group of investors said on Thursday as they started legal action for a review of the terms. The UK Shareholders Association UKSA said lawyers were set to...
- News items 2008-05-08
- Shell, Repsol Aim to Leave Iran Gas Project: Paper
- MADRID (Reuters) - Royal Dutch Shell Plc RDSa and Spain's Repsol REP are negotiating with the Iranian government to pull out of a $10 billion natural gas project due in part to U.S. pressure, Spanish newspaper Expansion reported on Saturday. The...
- News items 2008-05-03
- Shell and Repsol Reportedly Aim to Leave Iran Gas Project
- MADRID (Reuters UK) - Royal Dutch Shell RDSa and Spain's Repsol REP are negotiating with the Iranian government to pull out of a $10 billion (5 billion pounds) natural gas project due in part to U.S. pressure, Spanish newspaper Expansion reported on Saturday. The companies...
- News items 2008-05-03
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