Daily Dispatches: B&B's wasted billions
Babcock & Brown is believed to have destroyed $5.4bn in its final frantic year of operation - the second biggest loss in Australian history. (Business Day)
ANZ off loads infrastructure unit. (Sky News)
Waterhouse lawyers threaten to block the sale of Berndale. (Sydney Morning Herald)
Global ratings agency Fitch has affirmed NAB's long-term credit rating at AA with a stable outlook following the bank's $825m cash acquisition of wealth manager Aviva Australia. (The Age)
Australian companies plan to make only modest staff cuts over the next six months, compared with those in Asia and Europe, but 57 per cent of businesses say they will shed more employees this year. (News.com.au)
