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Aurizon in $197m write-down

Coal-hauler Aurizon will write down up to $197 million in the first half after deciding to sell or scrap a large number of train locomotives and wagons, as well as reducing the size of rail projects to service mines.

17 Dec 2013
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IAG makes Wesfarmers play

Insurance Australia Group is making an aggressive move to become the country's biggest provider of commercial and motor insurance, snapping up Wesfarmers' underwriting businesses for $1.85 billion.

17 Dec 2013
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Cricket delivers revenue for Nine

Newly listed Nine Entertainment Co has enjoyed a boost in revenue, due largely to the Ashes Test cricket series between Australia and England, while Seven West Media has the biggest share of the metropolitan free-to-air television advertising market.

17 Dec 2013
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Watchdog barks at accounts

Companies are failing to accurately disclose the value of their assets in financial reports, prompting a number of inquiries by the corporate regulator.

17 Dec 2013
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Goyder profits from problem child

It's a fair bet that when chief executive Richard Goyder received the first of several unsolicited approaches from insurance companies looking to buy Wesfarmers' insurance underwriting business, he figured his ship had come in.

17 Dec 2013
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Next move

Listed data centre provider NextDC says Telstra business and government customers will be able to move their critical IT infrastructure into NextDC co-location facilities in Melbourne, Sydney, Brisbane, Canberra and Perth from February.

17 Dec 2013
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