Report blasts hole in government's plan to acquire new subs

AUSTRALIA pays vastly more than other countries for defence equipment, a study has found.

Power offshoot changes name and does a deal on debt

THE troubled utility Babcock & Brown Power took a stop closer to salvaging some value for shareholders yesterday by striking an agreement with its bankers to restructure a crippling debt of $2.7 billion.

Superberg B17B heading our way

A GIGANTIC white reminder of the climatic forces at work in the Antarctic is looming south of Australia.

B&B Power still on thin ice

BABCOCK & BROWN POWER has struck a deal to pay its former parent $444 million in debt and fees, but the utility's future still hinges on a disputed gas contract in Western Australia.

BBP deal, but bankers still hold the cards

BABCOCK & Brown Power has struck a deal to pay its former parent $444 million, but the utility's future still hinges on a disputed gas contract in Western Australia.

No time for browsing on gas deal

WOODSIDE has put pressure on its joint-venture partners in the $30 billion Browse liquified natural gas project to declare their intention to proceed within 30 days, saying it is ready to take extra equity if one partner is forced out.

Bad news piles up for BBP

BANKS with $2.6 billion in exposure to Babcock & Brown Power face the growing prospect of bad debts, amid mounting concern over a gas contract that could sink the company. BBP's Western Australian gas business Alinta is locked in a long- running contract dispute with the North West Shelf joint venture over gas prices, and an arbitrator delivered a ruling two weeks ago.

B&B Power goes back to the bankers after trading halt

BABCOCK & BROWN POWER has been forced to suspend its shares from trading and hold a fresh round of talks with its bankers over a disputed gas contract that has the potential to sink the company.

Debt-ridden BBP suspends shares at gas contract ruling

BABCOCK & Brown Power has been forced to suspend its shares and hold a fresh round of talks with its bankers over a disputed gas contract with the potential to sink the company.

Hussey to continue all forms

MICHAEL Hussey considered standing down from at least one form of cricket because of the relentless program, but as he approaches his first Ashes series in England, the Australian batsman is conscious of his shelf-life as an international cricketer and has decided to press on in all three for as long as he can.

Dense Moment

Fruitcakes durability and long shelf life  the butt of most of the jokes about this holiday treat  is actually the reason the baked good was invented in the first place.