ABC Business News
Bankrupt Eastman Kodak Co is having its named yanked from Monday's telecast of the Oscars. The Northern Territory Cattlemen's Association (NTCA) has questioned whether two proposed abattoirs, one in north-west Queensland and one in Darwin, can co-exist in northern Australia. A landholder advocate on southern Queensland's Western Downs says he does not expect either of the major parties to do much to rein in the power of mining companies. The new owner of a cyclone-damaged resort on Dunk Island, off far north Queensland, says it could be many months before construction begins on a new resort. Wall Street and European markets have retreated after weak economic data sparked concerns the eurozone could be heading towards a recession. There has been a mechanical problem for the new ferry operating between Yorke and Eyre Peninsulas. The Restaurant and Catering Association says the South Australian Government is failing to take seriously its concerns about a proposed new public holiday regime. A State Parliamentary inquiry is to investigate allegations the state-owned betting agency TOTE Tasmania gave all of its profits away to big punters through rebates. The agency's outgoing chief, Craig Coleman, has rejected allegations made by the Tatts Group, which is buying TOTE for $103 million. But the committee's chairman, Greens MP Kim Booth, says he is recalling Mr Coleman and Treasury officials for a 'please explain'. In a blow to the US oil and gas industry, a judge has ruled small towns in New York have the authority to ban drilling, including the controversial method known as fracking, within their borders. Qantas is facing two investigations after reportedly not warning staff last week before announcing sackings and closures.





