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THE fuel pill company Firepower has been placed in liquidation after its director Tim Johnston failed to assist in efforts for its rescue, administrators said today.

RATINGS agency Standard & Poor’s (S&P) has maintained its credit ratings on National Australia Bank (NAB) after the bank said Cameron Clyne would replace John Stewart as chief executive.

A NEW Zealand court has overturned a lower court’s ruling allowing rival grocery firms to bid for discount retailer The Warehouse Group.

SHARES in ABC Learning Centres fell over 9 per cent in early trading after the childcare operator said it will write down $213 million, not pay a final dividend and declare a full-year pre-tax loss.

ALUMINA, minority partner of the Alcoa World Alumina & Chemicals group, has delivered an 84.6 per cent drop in first half profit due to operating higher costs.

CHILDCARE operator ABC Learning Centres will write down $213 million, not pay a final dividend and declare a full-year pre-tax loss, it announced today.

NATIONAL Australia Bank has appointed the head of its New Zealand operations, Cameron Clyne, as its new chief executive to succeed John Stewart.

CORPORATE leaders are starting to see value in the local share market in the wake of the recent price shake-out.

THE global iron ore wars took another twist yesterday, with Rio Tinto announcing a $2.5 billion mine expansion on Brazilian rival Vale’s home turf.

FASHION retailer Just Group says its second half sales revenue has risen strongly and will lead to a 7 per cent gain in annual sales.