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Foster’s takes Southcorp slice

Foster’s takes Southcorp slice

Beer, wine and spirits firm Foster's is offering $4.26 a Southcorp share under its $3.17 billion takeover bid.
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Foster's held a stake of 18.8 per cent in Southcorp before it launched its offer in January this year. Foster's said the most recent acceptances of its offer included 11.5 per cent through an institutional facility and 6.9 per cent from other investors.

This story Administrator ready to work first appeared on Nanjing Night Net.

DRAGONS BLOG: Last season’s best biffs

DRAGONS BLOG: Last season’s best biffs

I make no bones about it - I like the odd dust-up mixed in with my footy.So I like this three and a half minute video of some of the punch-ups from last season.Pity about the soundtrack - Reg Reagan’s Am I Ever Gonna See the Biff Again?. Hate that Matty Johns character and the way he backed down and said the whole ‘‘bring back the biff’’ thing was a joke after he started copping some criticism from the politically correct set.So maybe watch this one with the sound turned down.This story Administrator ready to work first appeared on Nanjing Night Net.

MARKET HIGHLIGHTS

MARKET HIGHLIGHTS

21 -0.05 Tin 8050 -40 Zinc 1257 -19.5 Tasmanian shares
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STOCK BUY SELL Forest Aust 52.5 52.5 Gunns 379 380 Aust Ethenol 22 21.5 Oriel Comm re 1 1 Roberts 830 830 Tasgold 9.5 10.5 Tas Mines 22 22 Tas Pp Trust 500 510 Tassal Group 87 88 Webster 76 76 9% cum pref 106 106

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Drink-drive conviction ends Canada trip

Drink-drive conviction ends Canada trip

Two months ago Kellie Samways spent a Sunday afternoon enjoying drinks to celebrate the future - a year's break from her job on a working holiday in Canada.But what followed led to a tearful day in Wollongong Local Court yesterday which left the young professional ready to tear up her airline ticket for Toronto on July 20.The 22-year-old insurance worker received a sobering lesson on the domino effect of drink-driving with a conviction that in effect has locked her out of Canada.The court heard Samways, 22, from Lake Heights had been drinking vodka and limes at the Harp Hotel on May 3 and stayed the night with a friend.But she was caught by police at 7am the next morning at Warrawong when seen overtaking another vehicle across unbroken lines.When pulled over police noticed her breath smelled of alcohol and she returned a reading of .135, "just a notch below high range", police prosecutor Sergeant Darryl Hahn said.She pleaded guilty yesterday to the mid-range drink-driving charge and to crossing unbroken lines.Her barrister, Peter Nematella, told the court the focus was to save his client from a conviction that would dash any hope of her getting into Canada on her non-refundable $2500 ticket. People with criminal convictions including drink-driving over .08 are not allowed into Canada."But this is not your garden variety PCA," he told the court.He said Samway's job (in assessing motor insurance claims) had made her acutely aware of the perils of drink-driving "so she is very disappointed in herself".Mr Nematella handed up a number of references to show she was a respected member of the community and of good character.Her record showed she had only two matters on her record - two convictions for driving while talking on a mobile phone.Prosecutor Sgt Hahn, however, opposed the section 10 bond without conviction saying the reading was high and it was her manner of driving which attracted police attention."Many people come to court with good characters but we have to get the message out we will not tolerate drink-driving."Magistrate Michael Stoddart said he had to look at the facts and .135 made a person three times more likely to be involved in an accident."There are certainly matters in your favour but I can not overlook this high reading and the dangers it presents," he added.He convicted Samways, fined her a total of $1200 and disqualified her from driving for six months.
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Taste of UN for students

Taste of UN for students

United Nations Youth Association of Tasmania is hosting 57 students at its four-day State Conference that wraps up on Sunday.
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The conference is based on UN sessions, with students assuming the role of UN member states and debating world issues.

This story Administrator ready to work first appeared on Nanjing Night Net.

ICAC fallout: Tabak pays for Beth denial

ICAC fallout: Tabak pays for Beth denial

Developer Glen Tabak (centre), solicitor Graeme Morrison (right) and barrister William Wilcher outside Downing Centre Local Court in Sydney yesterday. Tabak may yet face further charges.Lying about an affair with a council planner that lasted only six weeks has already cost Wollongong developer Glen Tabak his reputation, and yesterday a $2500 fine and a two-year good behaviour bond were added to his penalty.Tabak, 46, of Harbour St, pleaded guilty in Downing Centre Local Court yesterday to wilfully making a false statement to an Independent Commission Against Corruption investigator on June 7, 2007.A second charge that Tabak wilfully attempted to mislead an ICAC officer on December 10, 2007 was also taken into account by the court.Tabak declined to comment and ran from the court to a waiting taxi after Chief Magistrate Graeme Henson delivered his sentence.Facts tendered to the court said that on both occasions Tabak had denied having a relationship with Ms Morgan - a former Wollongong City Council planner who approved development applications for his Victoria Square project and a modification for his Wave residential building in North Wollongong.He initially denied giving Ms Morgan any gifts or benefits.The tendered facts said that in the second impromptu interview, Tabak denied he had offered Ms Morgan an apartment in Victoria Square, paid her money or undertaken renovations for her.Then at an ICAC examination in January 2008 and a public hearing the following month, Tabak had admitted to having a sexual relationship with Ms Morgan. He also admitted to buying her perfume when he travelled overseas in 2004.Tabak's defence barrister William Wilcher said the sexual relationship with Ms Morgan began in April 2004 and lasted only six weeks. It had ended more than three years prior to ICAC questioning Tabak about Ms Morgan.Tabak had concealed the relationship to protect his wife and two young children, Mr Wilcher said."It is different to someone telling a lie to ICAC officers to hide a criminal offence." He added it was not an offence to have an affair, although it "might be morally reprehensible".Mr Wilcher told the court Tabak had emigrated to Australia from Turkey in 1971 and had "led a blameless life". But his reputation had been damaged since the ICAC investigations became public."My client has been subject to wide reporting in the media since the ICAC inquiry came to light. It has even hit Turkey," he said.Mr Henson said that should have no bearing on the penalty imposed. "There is no evidence before me that your business has suffered as a consequence. It may be that your reputation will suffer, as it should," he said.He dismissed Tabak's motive for lying and said the defence seemed to suggest "your behaviour was conducted in a parallel universe where all that took place was your denial of a sexual relationship."ICAC officers do not turn up at the door to investigate sexual impropriety," Mr Henson said."When they did turn up in 2007 to your door, you knew exactly what they were there for. Part of your purpose in trying to mislead ICAC was a concern about events that may have taken place in the city of greater Wollongong."ICAC is awaiting advice from the DPP on whether to pursue further charges against Tabak.
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Tariff could go in Budget

Tariff could go in Budget

Trade Minister Mark Vaile yesterday signalled the tariff, which hits goods used by Australian business, may go when Treasurer Peter Costello hands down the Budget on May 10.
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But the Trade Minister also revealed the tariff had been an important bargaining chip used by Australia in its talks with countries for free trade agreements.

The Australian Industry Group, in a report into the slump in the nation's manufactured exports during the past five years, demanded the abolition of the tariff.

This story Administrator ready to work first appeared on Nanjing Night Net.

Beached baby sperm whale loses fight

Beached baby sperm whale loses fight

Volunteers try to hydrate the baby sperm whale, beached on the shore at Currarong Beach, near Jervis Bay. Pictures: ANDY Yesterday volunteers and residents were visibly saddened at the loss of the stranded baby whale they hoped to save.
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Volunteers were unable to save a baby whale stranded in the shallows at Currarong yesterday.Currarong residents notified ORRCA volunteers that a baby sperm whale had become stranded in the shallows of Peels Reef.The female whale was believed to be only two or three weeks old, was not yet weaned from its mother and was unlikely to survive alone in the wild.ORRCA member Wendy McFarlane from Old Erowal Bay said without its mother for food and protection, the whale would not survive.She said residents who were first on the scene had done the right thing by rolling the whale over so its blowhole was clear of the water."It was very much a baby. It needs its mum to teach it how to be a whale," Ms McFarlane said.As the tide receded yesterday the decision was made to euthanase it."A vet who attended the site had consulted Taronga Zoo and the Pet Porpoise Pool at Coffs Harbour."It's the humane decision," she said."If we were to refloat a baby whale of this age it would be a sitting duck for sharks and killer whales. There has been talk of a large whale in the next bay around on Monday but we don't know if that was its mother or not - there are a lot of whales about."Ms McFarlane said the whale was initially calm "but her breathing and heart rate was getting faster as she became more distressed."None of us are enjoying this. You don't get used to it, you just learn to live with it," she said."We're basically doing palliative care until she is euthanased."Then she'll be taken back to the National Parks and Wildlife works depot at West Nowra for an autopsy before being buried," Ms McFarlane said.Currarong resident Mary Apperley said in her family's history in the coastal village, which dates back to the late 1800s, she had never heard of a whale becoming stranded so close to Currarong.She said a group of about 50 onlookers quickly grew to about 100 as word spread."I heard there was a pod of whales near Bosom Beach on Monday, I guess it was separated from its mother."The seas have been pretty rough lately," she said.Ms Apperley said an excavator would help remove the whale.

This story Administrator ready to work first appeared on Nanjing Night Net.

Student hurt in highlands trek

The group of students from St Virgil's College, at Austins Ferry, were walking at Lake Silver when the male student was injured on Wednesday.
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The group waited until yesterday to see if the student could walk out but called for help at 8am when he could not.

He was flown to the Hobart Private Hospital by helicopter.

This story Administrator ready to work first appeared on Nanjing Night Net.

Patch escapes jail sentence

THUMBS UP: Launceston businessman Paul "Patch" Fruin left court a happy man yesterday after an appeal against his prison sentence was upheld. Picture: GEOFF ROBSONThe three-month sentence that Fruin, 45, received was replaced in the Launceston Supreme Court yesterday with a 28-day suspended sentence and a $400 fine.
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Fruin, known as "Patch" in his advertisements, will not spend any time in jail provided he is of good behaviour for a year.

Outside the court, Fruin said the whole process had been traumatic as he believed he would be made an example of and sent to jail.

"It's been hell. I suffered a major heart attack at Christmas ... it's been dragging on for a long time," he said.

"It's been very emotional and has affected my health and my business."

A long-running feud led to Fruin ramming the victim with his four-wheel drive and pinning him against another vehicle in 2003.

Fruin was found guilty of assault and injuring property in the Launceston Magistrates Court in September last year and sentenced to jail.

He appealed on the grounds that the guilty finding was unsafe and unsatisfactory and that the sentence was manifestly excessive.

Justice Alan Blow handed down his decision yesterday and upheld the guilty verdict but replaced an actual jail term with a suspended one.

"Having regard to the mitigating factors, this was not a case that warranted an immediate custodial sentence," Justice Blow said.

"I think the assault was sufficiently serious to warrant a suspended sentence but not one as long as three months."

Fruin said he was looking forward to moving on with his life and getting back into community and charity work.

This story Administrator ready to work first appeared on Nanjing Night Net.