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Morgan Stanley quietly builds its stake in OZ Minerals - The Australian
INVESTMENT bank Morgan Stanley has emerged with a key stake in OZ Minerals amid increasing speculation about the future of the struggling miner. As analysts warned OZ would be unlikely to turn a profit next year if commodity prices continued to ...

Oz Minerals to defer projects as financial crisis takes a toll - News.com.au
OZ Minerals is deferring a number of development projects, cutting operational costs and production and has entered negotiations to refinance debt as falling commodity prices takes its toll on the company. The company has deferred $495 million of ...

Debt burden causes OZ to rethink spending - Brisbane Times
OZMINERALS has outlined plans to cut $680 million of spending next year by deferring expansion plans and slashing operating costs at its mines as it attempts to refinance $US420 million ($650 million) of debt by the end of the year. Following a ...

His Space - Wired
Perched on the edge of a bright white power sofa on the supernaturally quiet eighth floor of the News Corporation’s global headquarters, the last thing Rupert Murdoch looks like is a fire-eyed revolutionary. Starched cuffs. Courtly manner. A month ...

An Invitation to Our Readers - BusinessWeek
Earlier this year, we launched a new and innovative feature on BusinessWeek.com to prominently highlight the insights of our readers. Called In Your Face , it calls attention to the most substantive comments left on our site by our readers. Not only ...

OZ to cut expenditure, production - ninemsn
OZ Minerals Limited (OZL) said it would defer capital expenditure worth $495 million and make budget costs to operations as a result of its review of capital and operating expenditure. The company also said it was seeking extensions on US$560 million ...

OZ Minerals Slashes - ABN Newswire
Sydney, Nov 26, 2008 (ABN Newswire) - Less than a week ago OZ Minerals was talking about doing a major impairment test of all its assets and deciding early in the New Year about deferring, cutting back or just abandoning projects and prospects. Asset ...

The only decoupling going on these days is shareholders from their ... - The Age
Owen Hegarty is merely the latest in a string of top Australian miners to be forced sellers of their own stock amid the meltdown in commodity prices. N OBODY talks about "decoupling" any more. This was the notion that the "stronger for longer" super ...

Boart's long year - The Age
The question must be put: is the name of the largest drilling company in the world spelt incorrectly? Are the letters 'a' and 'r' around the wrong way? Boart Longyear was only floated in April last year at $1.85 a share, and briefly rose to $2.75 at ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Here’s the good news about October: It’s over. The dreadful results need no embellishment and do not deserve sugarcoating . The Dow ...

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Today's Mortgage Terms starting with V

  • VA Loans: Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.
  • Variable Rate: Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.

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