Big contract win
Freight rail operator Aurizon has won a long-term contract in Queensland with miner Xstrata. Aurizon will spend up to $215 million on rolling stock to haul coal from Xstrata's expanded Rolleston mine to a terminal at Gladstone.
Mergers plan under fire
Foxtel CEO Richard Freudenstein says the government's proposed public interest test for media mergers is cumbersome and unnecessary. He says under the proposed laws, a merger could be considered by up to four regulators, which would cause delays and potentially discourage deals.