Today's Business Headlines

WANH board will quit if Stokes gets seat at table
All four of West Australian Newspaper Holdings' non-executive directors will quit the board rather than serve alongside Kerry Stokes. The West

BHP Billiton's bid to keep China at bay
Canberra has become the new fornt in the battle for control of Rio tinto, as Don Argus wraps himself in the Australian flag. The Fin Review

US group throws troubled pSivida $83m lifeline
US pharmaceuticals group Alimera Sciences has thrown Perth-founded biotech pSivida a lifeline by agreeing to amend its licence and collaboration deal by taking an extra 30 per cent stake, delivering the cash strapped outfit up to $83 million over four years. The West

Fed bails out Bear Stearns
The US Federal Reserve used powers not employed since the Great Depression to bail out one of Wall Street's top five firms, Bear Stearns, on Friday. The Fin Review

Free trade dirve 'Aussie ute' exports
Holden will export its iconic Australian ute and a new high-performance sedan to North America in a major boost for the Aussie automotive industry. The Fin Review



THE WEST AUSTRALIAN
Business: All four of West Australian Newspaper Holdings' non-executive directors will quit the board rather than serve alongside Kerry Stokes.

US pharmaceuticals group Alimera Sciences has thrown Perth-founded biotech pSivida a lifeline by agreeing to amend its licence and collaboration deal by taking an extra 30 per cent stake, delivering the cash strapped outfit up to $83 million over four years.

THE AUSTRALIAN FINANCIAL REVIEW

Page 1: The US Federal Reserve used powers not employed since the Great Depression to bail out one of Wall Street's top five firms, Bear Stearns, on Friday.

Page 3: Holden will export its iconic Australian ute and a new high-performance sedan to North America in a major boost for the Aussie automotive industry.

World: US President George Bush is seeking to calm investors, saying policy-makers will stabilise the financial system following the near collapse of Bear Stearns.

Markets: Following the plunge of key US indices on Friday, investors in Australia face another day of losses when trading starts this morning.