Shares surge on New York high- SCG 30.54 1.3% - RIO 80.60 1.1%
 COMPANIES

Anthony new chief at AGL
Energy group Australian Gas Light Company (AGL) has appointed Paul Anthony as chief executive as it pushes ahead with its proposed merger with rival Alinta.  
(16:45)
  »    Full report

Raising to ward off QGC
Takeover target Sydney Gas said on Friday it planned to raise $50 million through a rights issue and a new convertible note facility as it moved to ward off predator Queensland Gas Company (QGC).   (10:45)  »    Full report

Sandvik offers $106m for SDS
Swedish engineering group Sandvik on Friday announced a $106 million cash offer for Australian drill manufacturer SDS Corporation.   (09:59)  »    Full report

Investors drop News lawsuit
Major investors are dropping a lawsuit against News Corp after Rupert Murdoch's media group climbed down over a "poison pill" provision designed to fend off hostile bidders.  
(06:06)
  »    Full report

TODAY'S EDITION

No media frenzy, just growth channels
Optus pushes for joint broadband role
Sydney Gas queried on funding
US building helps sun shine on Rinker
Hardman needs speed to really fire up

 
 
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