Britain joins the austerity club tomorrow night with about £85 billion of spending cuts. Plus, iPhone orders lift Apple’s worth again, US banks continue to fail and other business news of the day.
Caterpillar
Business As Usual: UK spending cuts means days of whine and rises … Apple hits new high …
Stokes’ successful merger hides behind-the-scenes campaign of spin
The Seven Network and WesTrac are set to merge, following a concerted campaign of intimidation and aggressive lobbying by the Seven-Stokes camp.
Excessive debt sees Kerry Stokes labelled ‘former billionaire’
The Camp Stokes roadshow swung through Melbourne yesterday but there was no attempt to make contact with Crikey or the shareholder activist who has gone half a dozen rounds with the former billionaire at various AGMs over the years.
WesTrac gives Stokes reason to smile
Kerry Stokes’ fortunes are looking up: not in the Australian media, but in his most important business, WesTrac, which is one of the world’s major distributors of Caterpillar products.
