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Ten Early News -

View in ParlView

(generated from captions) This program is captioned live.

Good morning. I'm Frank Coletta.

And I'm Catherine Kennedy. Welcome. And I'm Catherine Kennedy. Welcome.

This Friday - first day on the job

for the Labor frontbench as the new

leadership team begins the task of

leadership team begins the task of

rebuilding the party.

GUNFIRE Troops storm a hotel in the

Philippines after an attempted Philippines after an attempted

rebel coup. Australians thought

have too have been caught up in the siege.

Barely legal - a British teacher

sentenced to 15 days in jail in Sudan, found guilty of Islam. Sudan, found guilty of insulting

And fans of the Kangaroos' AFL And fans of the Kangaroos' AFL club rally against a move to the Gold Coast.

The first check of finance new with

Catherine. Good morning. Wall

Street is experiencing a volatile

session. Stocks fell after

retailers revealed disappointing

earnings reports. The energy sector, though, provided a boost after a

pipeline explosion lifted oil

of the red. prices, but not enough to get out

When I come back - NAB's assault on

the North American farm sector.

Frank. See you then. Thank you.

It's straight to work for Kevin

Rudd's new front bench. The Labor

ministers to be sworn in on Monday.

A new era too for the Liberals -

Brendan Nelson taking over the reins after a tight party-room ballot. Dislodged from the nation's top job seemed relaxed and comfortable but John Howard arrived at the official residence. as the PM-elect and his wife Hello, Kevin. Welcome to the Lodge. than when Kevin Rudd entered Caucus, Slightly more low key who reversed the party's fortunes. a hero's welcome for the man Different rules, too - a century of Labor tradition Mr Rudd going against to select his own ministry without the influence of the factions.

has been given a super portfolio, Deputy Julia Gillard and picking up Education. retaining Workplace Relations acting Prime Minister to the list She'll also add as soon as next month, the international climate conference. when Kevin Rudd is at but for a very talented individual Big job that confidence and if I did not have then I wouldn't have done it. Lindsay Tanner Finance Minister Wayne Swan will be Treasurer, takes Foreign Affairs. and Stephen Smith A new guard, too, for the Liberals, but only just - 45 to 42, Julie Bishop is his deputy, the new Opposition Leader admitting an unorthodox background he's come from the Liberals are open to new ideas. but he says it shows If you vote Labor in the Liberal Party there is a real place for you and we are reaching out to you. will be sworn in on Monday. The new Labor Ministry Brad Hodson, Ten News.

And the new Liberal leader Brendan

Nelson says he is opposed to saying

sorry to the stolen generation. Dr

Nelson refusing to support Kevin Rudd's plan to apologise.

Meantime, unions are Meantime, unions are demanding

Kevin Rudd enforce a ban on Australian Workplace Agreements

from January 1. Under Labor's

workplace policy, AWAs will be

banned as soon as new IR

legislation comes into legislation comes into effect.

Thought to be some time after March.

According to Fairfax newspapers,

the Community and Public Sector

Union is calling for retrospective

legislation. It's concerned that

some workers are being forced to

sign new 5-year AWAs under current laws. Queensland's squabbling Liberal

Party has been given a week to sort

out its damaging leadership spill.

A specially convened state council

meeting overnight moved that the

elected eight will go to a secret

ballot until there is a clear

winner. Power brokers calling for

some new rules to handle these

sorts of deadlocks. It needs to be

resolved as a matter of urgency,

and I hope that that resolution is

very soon. First-termer Tim

Nicholls announced a challenge on

for Tuesday. The party has been split

for each since then.

The body of an Australian soldier

killed in Afghanistan is expected

to arrive home today. Private Luke

Worsley was gunned down by the

Taliban during a raid on a

bomb-making factory last bomb-making factory last Friday. The 26-year-old commando The 26-year-old commando was

honoured by his comrades during a

ceremony in the country's south

before the journey home.

It's been revealed al-Qaeda was

plotting an attack on a US military

base on Australian soil. An al-Qaeda leader allegedly detailed

the plans to former Guantanamo inmate Mamdouh Habib just before

the September 11 attacks. The

terror leader had visited Australia

in the 1990s on a lecture tour.

During questioning in 2002, Habib revealed the group had revealed the group had recruited

people to carry out an attack in

Australia. It's unclear which

military base was the target. The revelation surfacing at a

defamation hearing involving Habib

in Sydney.

A woman will face court today,

charged with kidnapping a baby girl from a hospital. It follows a

15-hour police search which ended

in the woman's arrest.

just three days old, This is baby Courtney, to be reunited with her mother on her way after being abducted from hospital.

It was scary that the baby was found, and we are happy

and thanks to the police for that. snatching the newborn from her crib This is the woman accused of the baby's mother for a photo of her. after allegedly asking was to get the bub back, and all we wanted a lot worse Obviously it could have ended

was found with the accused Baby Courtney on a bus headed for Kalgoorlie. The 31-year-old was tracked down from hospital security tapes. after police identified her for that woman to do that. I mean, it was that easy it's going to happen to them. Everyone's a bit worried

How someone was able unnoticed to walk out of the ward with Courtney of an internal hospital review, will be the subject has already dismissed calls but the WA Government for a broader security shake-up. Josh Murphy, Ten News.

Two men are on the run after

escaping from a jail in northern

NSW. The men are aged 19 and 34,

were last seen late yesterday afternoon. Meantime, police are

hunting for an inmate who's also

escaped from a prison farm in

North Queensland. It's believed 20-year-old Anthony William Ramsay

could be travelling in a stolen car.

The department of foreign affairs

trying to contact 17 Australians

who may have been caught up in a

siege at a Philippines hotel. Rebel

soldiers took over the hotel in

Manila, demanding the government be

overthrown. The attempted coup was

crushed when elite troops stormed

the building, driving a tank

through the front doors and firing

tear gas into to the lobby. tear gas into to the lobby. More

than 100 people, including hotel

staff and journalists, were caught

up in the siege. Embassy officials

are trying to contact 17

Australians who were registered as

hotel guests.

A British teacher has been

sentenced to 15 days' jail for

insulting Islam in Sudan. Gillian

Gibbons will also be deported for

allowing her students to name a

teddy bear Muhammad. The

54-year-old was facing 40 lashes

for the crime. Riot police were

deployed around the court for her

appearance. Some Islamic groups had

been calling for her death. The

case was threatening to spark a

major diplomatic row with Britain.

In AFL news, the Kangaroos'

faithful have rallied to keep their

club in Melbourne, with a decision

on a move to the Gold Coast

imminent, angry supporters have

made their thoughts very clear. Tomorrow is D-day for the Kangaroos.

The AFL wants a decision on whether the club will shift to the Gold Coast, but if you ask the supporters the answer couldn't be clearer, the $100 million offer on the table making little difference.

People are very passionate about the club and we're annoyed that you think that you can buy someone's heart

Last night over 1,000 of the club's faithful packed the Prince of Wales Hotel in St Kilda for a rock concert dubbed Roo-sistance. (Signs) # We've been in North Melbourne # since the summer of '69 - that is 1869. # Shinboner of the century Glenn Archer, still believes, given the chance, while admitting he's a realist, the Kangas can stay true to their roots in North Melbourne. We've got people that absolutely... ..this is their life, you know? Next to their family the North Melbourne Football Club is it, you know, and to take it away from them - that's a bit like taking away one of their children.

Roger Oldridge, Ten News.

On to the NBL, and the Brisbane

Bullets have fought out Bullets have fought out a high-scoring win over the

Townsville Crocodiles.

A

dominant second quarter set the

platform for the hosts. Kirk Penny

leading the way with a game-high 24

points. COMMENTATOR: Penny! When points. COMMENTATOR: Penny! When

he's got time, he makes it count.

The Penny dropped there! Dragons

captain-coach Shane Heal managing

22 points. It wasn't enough for his

team, slipping to their 10th defeat

of the season. of the season.

To news from the English Premier

League, and Socceroos goalkeeper

Mark Schwarzer is expected to miss

several weeks with a broken thumb.

Portsmouth manager Harry Redknapp

maz made an emotional statement to

the media denying any involvement

in the ongoing corruption scandal there. Redknapp was questioned by

police after being arrested and is

on bail until February. Being

high-profile, I had a bit of --

added a bit of profile to the

investigation. Really and truly,

this is nothing whatsoever to do

with me. The investigation is

believed to centre around illegal transfer

transfer payments involving midfielder Andy Faye.

Some more finance now with

Catherine. The NAB is making some

inroads into the North American

market. It is, Frank. NAB is buying a regional bank in the United

States, spending almost $900

million on Great Western Bancorporation, based in South

Dakota. NAB is ramping up plans to

export its successful agri-banking

business into the North American

market, with 27% of the Australian

agri-banking market, National Australia Bank has identified that

sector as one of its key strengths.

NAB shares closed down 33 cents to

$39.08. David Jones has enjoyed a

boost in profits. The up-market

retailer recording a 9.7% rise in

sales revenue to the three months

to the end of October to $404 79 million.

million. DJs has forecast

underlying profit growth between

5-10% this financial year. Boss

Mark McInnes says he's expecting another very good Christmas.

It's the end of an era for

Australian radio today. Australian radio today. Broadcaster

John Laws switching off the glolden microphone after a colourful microphone after a colourful career

spanning 55 years. Well-wishers are

expected to flood 2UE's switchboard

for the final show, farewelling the

man known as 'Golden Tonsils'. The

talkback king has described radio

as the most important thing in his

life after his family.

Now for a look at what's making headlines in today's

headlines in today's newspapers.

In Brisbane's 'Courier-Mail', after

11 years of residency, John and

Janette Howard showed off the lodge

to the nation's new first couple.

The NAB is basing a US-based bank

for almost $900 million as it ramps

up plans to export its agri-banking

business to the North American market.

And the future of the Lane Cove

Tunnel is uncertain as traffic

levels have remained well levels have remained well bebelow

the forecast range.

Two killed in an oil pipeline

explosion in the US - all the

details when Ten's Early News returns. Ever wondered who gets all the best jobs - the ones that pay well and provide exciting career opportunities around Australia and the world, jobs that require the specialist degrees and training employers want? Who gets the best jobs? Australian Maritime College graduates, that's who. Marine Conservation and Resource Sustainability Studies at AMC open up an exciting new world of opportunity. Visit amc.edu.au today.

This program is captioned live.

You're watching Ten's Early News on

this Friday morning. Kevin Rudd's

hand-picked front bench to be sworn

in on Monday, while new Liberal

Party leaders start picking up the pieces.

The Queensland Liberal Party given

one week deadline to sort out its leadership turmoil.

Deadly blast - two people killed in

a major gas explosion in the US.

And in sport, Aussies dominate day

one at Sunset Beach in the World Cup of surfing.

Finance again with Catherine. A volatile day on Wall Street? It has

been, Frank. US stocks initially

fell after retailers revealed

disappointing earnings reports. The disappointing earnings reports. The

energy sector, though, provided a energy sector, though, provided a

boost after a pipeline explosion

lifted oil prices. But it wasn't

enough to stay out of the red.

Woolworths poised to make a bid for

a New Zealand retail giant - the

details shortly. Thank you.

It's first day on the job for Kevin

Rudd's new ministerial team. The

Prime Minister-elect announcing his hand-picked line-up, which will be hand-picked line-up, which will be

sworn in on Monday. Strong

performers were rewarded. A few

surprises - deputy PM Julia Gillard

give an super-portfolio of give an super-portfolio of workplace relations and education.

Big job, but for a very talented

individual. If I did not have that

confidence, I wouldn't have done it.

A new guard too for the Liberals -

Brendan Nelson elected to be

Opposition Leader, narrowly

defeating Malcolm Turnbull in the party-room vote. Julie Bishop will be deputy.

The squabbling Queensland Liberals

will go to a secret ballot to end will go to a secret ballot to end

their leadership woes the. State

council giving politicians just one

week to sort out the mess.

Dressed to impress, Dr Flegg

arrived at a special Liberal state

council meeting in the midst of an

in-house war. This mattier feel very strongly about. There is a

princeple at stake here that's very

serious. The crisis meeting

convened after first-termer Tim

Nicholls descended into farce.

Bruce Flegg and his supporters

offered to stand down, only if Tim

Nicholls offered to do the same.

Challenges in political parties is

not uncommon. Few are as damaging.

They emerged later with They emerged later with clear

instructions from power-brokers - instructions from power-brokers -

fight it out in a secret baalt. We

want them to report back to us at

the next state council meeting,

which is held on Saturday week. which is held on Saturday week. It

needs to be resolved as a matter of

urgency, and I hope that that

resolution is very soon. Touted constitutional change giving the

president a casting vote wasn't

discussed hoo. ehopes the elected

eight can sort it out themselves.

No, they didn't give oscommitment.

But they know what we want.

A teenage boy has died after being

stabbed at a busy Melbourne

intersection. The 17-year-old and

his friend were both stabbed in the

upper body at Box Hill. The victim

was rushed to hospital in a

critical condition, but died a

short time later. His 19-year-old

friend remains in hospital in a

stable condition. The offender is

still on the run. Meanwhile, a shot

has been fired at a police station north of Melbourne. The bullet

striking a glass door - no-one has

been injured - been injured - and ballistic experts experts are now examining the experts are now examining the scene.

There's been a surge in the number

of children in care of the NSW Department of Community

Department of Community Services

over the past year. An additional

2,000 abused children have been

taken from their homes compared to

the previous year - that's up the previous year - that's up about

20%. The department plans to review

its child-protection system to cope

with the ryeing number of abuse cases.

A woman will front court today

charged with kidnapping a baby girl

from a Perth hospital. It follows a

15-hour police search which ended

in the woman's arrest. The

31-year-old is accused of snatching

the 3-day-old babygirl from her cot

at King Edward Memorial Hospital,

before boarding a bus to Kalgoorlie. Mother Mother and her baby have Mother and her baby have been

reunited. The hospital now reviewing its security procedures.

Hedley Thomas from 'The Australian'

newspaper has won the most

prestigious journalism prize in the

country. The Brisbane-based

journalist winning a Gold Walkley

for a series of reports exposing

mistakes in the arrest and

treatment of former terror treatment of former terror suspect

Dr Mohamed Haneef.

The department of foreign affairs trying to contact 17 Australian

whose may have been caught up in a

siege at a Philippines hotel. Rebel

soldiers took over the hotel in

Manila, demanding the government be overthrown.

It was a bad day for the guest at

one of Manila's most luxurious

hotels. By hid afternoon, the hotel

carpark was swarming with soldiers,

armed to the teeth and ready for

battle. Inside the hotel, a small

band of renegade troops had barricaded themselves demanding a

change of government. This was the response they got. GUNFIRE Gunfire

was sprayed into the hotel lobby,

followed by tear gas. Then an

armoured car crashing through the

front doors. In the chaos that followed, the soldiers found

themselves confronting an army of

journalists and cameramen. Upstairs,

the muteers -- moteneers

considered their diminishing

options. Surrounded by more than a

thousand troops, they finally

accepted that surrender was their

only way out. Among them was a

general, a bishop, a senator and a

former vice-president. They'd

hoped to ignite a larger uprising

in the military against an

unpopular President beset by

accusations of corruption.

Australia has been ranked 14th out

of 23 countries on a new index of

humanitarian aid efforts. Sweden,

Norway and the Netherlands round

out the top three. The US coming in

a distant skaebgt 16th. The

Humanitarian Response Index rates

the aid prospects of the 23 count

countries that signed a treaty back

in 2003.

Two maintenance workers have been

killed after an explosion on a

pipeline carrying crude oil from Canada

Canada to the US. It's believed

the men had been conducting on the men had been conducting repairs

on the underground pipe when fumes

escaped and ignited the blaze.

Four pipelines have been shut down,

halting nearly half of US-Midwest crude imports.

In AFL, new Melbourne coach Dean

Bailey has moved quickly to ensure the

the Demons' leadership remains

stable hoo. he has offered David

Neitz the captaincy for what will

be a record ninth year. He's thinking about whether he wants to

do it or not. It will be left up to

him to make a decision. Neitz will line up for a 16th season,

line up for a 16th season, adding to his games record, which has

already eclipsed the 300 mark.

Australia's Craig Pary and Paul

she00 are leading the charge after

round one of the Open.

Sheehan having a better run at with

the putter in hand. COMMENTATOR:

Goodness me! That's a better job of

it... I guess that's why you're in

the lead! 10 players, including 8

Australians, lie just the one shot back.

Sunset Beach turned on the waves as

the Aussies turned on the performances at the O'Neill World

Cup of surfing in Hawaii.

Queenslander Luke Monroe pulled off

a 9.8 out of 10 in the 3-5m surf. Countryman Daniel Ross set the bar

with the highest total of the day -

an incredible 18.77 of the 20 out

of 20. I was calm and in position

for it. Former world champion and

Hawaiian local Sunny garsia powered through the to next through the to next round.

Now to Catherine. And Woolworths

has been given the green light to

tear over the warehouse group. A

New Zealand High Court ruling has

cleared the way for for Woolies to

make a bid. Woolworths plans to buy the

the warehouse group had been in

limbo since July. New Zealand's

corporate regialator saying the

company should be protected from a

takeover. The High Court has new

now ruled Woolworths can increase

its 10% stake. It can cut costs through economies of scale. Qantas pilots have reportedly

offered to increase their workload

by 10% in exchange for a slice of

the airline's record profit. the airline's record profit. It

means some pilots could be in mine

line for a pay increase of up to

20% if new enterprise agreement

negotiations are successful. The

airline posted a $1.1 billion

profit last financial year.

Meantime, Qantas is accused of bullying travel agents to back out

of a class action that ledges the

airline illegally short-changed

the ticket commission paid to more than 1,400 agents.

The national weather now:

A British teacher jailed in Sudan for

for inciting hatred. That's next.

And the CommSec finance report And the CommSec finance report when

the Early News returns. At Franklins, we love to save you money! With Christmas specials

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This program is captioned live. This

is Ten's Early News. The top

stories on this Friday - the first

day on the job for the Labor front

bench as the new leadership team

begins the task of rebuilding the

party. GUNFIRE Troops storm a hotel

party. GUNFIRE Troops storm a hotel in the Philippines after an

attempted rebel coup. Australians

are believed to have been caught up in the siege.

Barely legal - a British teacher

sentenced to 15 days in jail, --

in jail, found guilty of insulting Islam.

In sport, no way, we won't go -

fans of the AFL's Kangaroos club

rally against a move to the Gold Coastment

Another check of the market. It's

been a volatile session on Wall

Street, hasn't it? It has, Frank.

Initially, stocks fell after

retailers revealed disappointing

earnings reports. The energy sector,

though, provided a boost after a

pipeline explosion lifted oil prices.

When I come back, we'll cross live

to CommSec for a look at today's markets.

Thank you.

It's first day on the job for Kevin Rudd's

Rudd's new ministerial team. The Prime

Prime Minister-elect announcing his han-picked line-up, which will be

sworn in on Monday. Strong

performers were rewarded. A few

surprises - deputy PM Julia Gillard

give an super-portfolio, including

workplace relations and education.

A big job, but a very talented

individual. A new guard too for the

Liberals - Brendan Nelson narrowly

defeating Malcolm Turnbull in the

party-room vote. Julie Bishop will be his deputy.

Unions are demanding Mr Rudd

enforce a ban on Australian

Workplace Agreements from January 1.

Under Labor's workplace policy, AWAs

AWAs would be banned as soon as the legislation comes into effect,

thought to be some time after March.

According to Fairfax newspapers, the Community and Public Sector

Union is calling for retrospective

legislation. It's concerned that

some workers are being forced to

sign new 5-year AWAs under current laws. A funeral will be held in A funeral will be held in Perth

today for respected journalist Matt

Price. The 'Australian' newspaper

reporter passed away at his home Sunday, just months after being diagnosed with brain tumours. He

was 46. Fellow journalists and

politicians among many praising

Price for his fumer and prolific reporting

Two men are in hospital after being

stabbed at a nightclub, the Amber

Lounge. It's believed they were

stabbed with a glass pole. One man

has suffered wounds to his leg,

chest and stomach. The other was

stabbed in the shoulder. There were

at least 60 patrons in the club at

the time. Police are still looking for the attacker.

A woman will face court today

charged with kidnapping a baby girl

from a hospital. It follows a

15-hour police search which ended

in the woman's arrest. This is baby Courtney, just three days old, on her way to be reunited with her mother after being abducted from hospital.

It was scary and we are happy that the baby was found, and thanks to the police for that. This is the woman accused of snatching the newborn from her crib after allegedly asking the baby's mother for a photo of her. Baby Courtney was found with the accused on a bus headed for Kalgoorlie. The 31-year-old was tracked down after police identified her from hospital security tapes. It's very scary, yeah. I mean, it was that easy for that woman to do that.

Everyone's a bit worried it's going to happen to them. How someone was able

to walk out of the ward with Courtney unnoticed will be the subject of an internal hospital review, but the WA Government has already dismissed calls for a broader security shake-up. Josh Murphy, Ten News.

The end of an era for Australian

radio today - broadcaster John Laws

hanging up the golden headphones

after a colourful career spanning

55 years. Well-wishers are expected 55 years. Well-wishers are expected

to flood 2UE's switchboard for the

final show, farewelling the man final show, farewelling the man

known as 'Golden Tonsils'. The

talkback king has described radio

as the most important thing in his

life after his family. The Department of foreign affairs

trying to contact 17 Australian

whose may have been caught up in a

siege at a Philippines hotel. Rebel

soldiers took over the hotel in

Manila, demanding the government be

overthrown. The attempted coup,

though, was crushed when elite

troops stormed the building,

driving a tank through the front

doors and firing tear gas into the

lobby. More than 100 people, including hotel staff and

journalists, were caught up in the

siege. Embassy officials are trying

to contact the Australian whose

were registered as hotel guests. A

British teacher has been sentenced

to 15 days in jail for insulting

Islam in Sudan. Gillian Gibbons

will also be deported for allowing

her students to name a teddy bear

'Muhammad'. The 54-year-old was

facing 40 lashes for the crime.

Riot police were deployed around

the court for her appearance. Some

Islamic groups had been calling for

her death. The case was threatening

to spark a major diplomatic row with Britain.

President Pervez Musharraf has

promised to lift Pakistan's state of emergency by mid-December. The

long-awaited gesture of reconciliation coming just hours

after he was sworn in as a civilian

leader. Musharraf has also said he

will restore the constitution that

was suspended when he declared

emergency rule earlier this month.

On to AFL news. The Kangaroos'

faithful have rallied to keep their

club in Melbourne, with a decision

thob a move to the Gold Coast

imminent, angry supporters have made their thoughts very clear. Tomorrow is D-day for the Kangaroos. The AFL wants a decision on whether the club will shift to the Gold Coast, but if you ask the supporters the answer couldn't be clearer, the $100 million offer on the table making little difference. People are very passionate about the club and we're annoyed that you think that you can buy someone's heart that's connected to a club - you can't do that.

Last night over 1,000 of the club's faithful packed the Prince of Wales Hotel in St Kilda for a rock concert dubbed Roo-sistance. (Signs) # We've been in North Melbourne # Since the summer of '69 - that is 1869. # Shinboner of the century Glenn Archer, while admitting he's a realist, still believes, given the chance, the Kangas can stay true to their roots in North Melbourne. We've got people that absolutely... ..this is their life, you know? Next to their family the North Melbourne Football Club is it, you know, and to take it away from them - that's a bit like taking away one of their children. Roger Oldridge, Ten News.

On to the NBL. The Brisbane Bullets

have fought out a high-scoring win

over the Townsville Crocodiles.

A dominant second quarter set the platform

platform for the hosts. Kirk Penny

leading the way with a game-high 24

points. COMMENTATOR: Here's Penny!

When he's got time, he makes it

count. Penny dropping there! Dragons captain-coach Shane Heal managing

22 points. It was not enough for

his team, slipping to their 10th

defeat of the season.

Socceroos goalkeeper swrz Schwarzer

is expected to miss several weeks

with a broken thumb. Portsmouth manager Harry Redknapp has made an

emotional statement to the media,

denying any involvement in the ongoing

ongoing corruption scandal.

Redknapp was questioned by police Redknapp was questioned by police

after being arrested. He is now on

bail until February. I added a bit

of profile to the investigation,

because really and truly, this is

obabsolutely nothing whatsoever to

do with me. It is believed to be revolved

revolved around illegal transfer payments to midfielder Andy Faye. National Australia Bank is buying National Australia Bank is buying a

regional bank in the United States

for almost $900 million. With more

details, Martin Arnold from CommSec

joins us live. Good morning. A joins us live. Good morning. A big

step for NAB making inroads in the

US? It is a big step, Catherine.

That's because previous excursions

into the country have failed. NAB

is buying Great Western

Bancorporation - it's based in

North Dakota and is an agriculturally

agriculturally based area. It's seeking

seeking to expand its dominant

position in agriculture in

Australia and further the expertise

it Hasler in that area. And Rio

Tinto boss Tom Albanese has arived in

in Australia? The Rio Tinto head is

looking to continue its road show,

talking to investors and fund

managers about the prospects of an

independent Rio Tinto. It's

obviously said that the BHP offer

for the company undervalues its

prospects, despite BHP saying that

Rio Tinto will come around to the

deal. One thing is for sure, though

- Mr Albanese is unlikely to

receive the rock-star reception that David Beckham received when he

came to the airport! That's

understandable. And profit margins

of Australian companies hit record

highs? It's no surprise that the

mining sector is seeing the largest

profit margins in the current environment with the commodities

boom. And the margins are double

that they were seeing just that they were seeing just four

years ago. While that's good news

for shareholders and obviously the

future of the Australian economy,

the Reserve Bank of Australia would

be less enthusiastic about that

because it's signalling greater

inflationary pressure. Another one

to watch. Thank you for the

Thanks a lot, Catherine.

For a look that newspaper headlines

now. 'The Australian' says an now. 'The Australian' says an

al-Qaeda leader who visited

Australia in the 1990s was involved

in a plot to attack a US military base

base on Australian soil. The

'Sydney Morning Herald's business 'Sydney Morning Herald's business

section says Woolworths has welcomed a decision by the New

Zealand High Court to allow the

supermarket giant to bid for supermarket giant to bid for

trans-Tasman rival the warehouse group.

group. Labor's new front bentures

has a record number of female ministers in the line-up.

Squabbling Queensland Liberals

given a week to sort out the leader

spill. The details on that and plenty more when the Early News returns. TWO LAPTOP COMPUTERS HAVE BEEN STOLEN DURING A BURGLARY AT A SCHOOL IN GOWRIE. A-C-T POLICE SAY THIEVES BROKE INTO THE HOLY FAMILY PRIMARY SCHOOL EARLY YESTERDAY MORNING, STEALING THE I-B-M THINK PAD COMPUTERS BEFORE SETTING OFF SECURITY ALARMS.

MORE THAN A HUNDRED CARS HAVE BEEN SEIZED, UNDER AN A-C-T POLICE CRACKDOWN ON UNSAFE DRIVING. 'OPERATION GLOBIN TWO' HAS TARGETED DRIVERS DOING BURNOUTS, STREET RACING, AND OTHER DANGEROUS

BEHAVIOUR THE CAMPAIGN STARTED IN FEBRUARY, AND WARN IT WILL CONTINUE, ESPECIALLY IN THE LEAD UP TO THE SUMMERNATS IN JANUARY. GAY MARRIAGES MAY SOON BE LEGALLISED IN THE CAPITAL. A-C-T ATTOURNEY GENERAL SIMON CORBELL'S SEEKING

APPROVAL FROM HIS NEWLY ELECTED FEDERAL LABOR COUNTERPART, FOR THE PASSING OF THE TERRITORY'S CIVIL UNIONS BILL.

CORBELL SAYS FEDERAL LABOR'S LEFT SUCH DECISIONS TO THE STATES IN THE PAST, AND IS HOPEFUL THAT WILL CONTINUE.

THE A-C-T CIVIL UNIONS BILL WAS BLOCKED UNDER THE

FEDERAL LIBERAL ADMINISTRATION. NEWLY ELECTED MEMBER FOR EDEN MONARO, MIKE KELLY'S BEEN GIVEN A PARLIAMENTARY SECRETARY JOB IN THE RUDD LABOR GOVERNMENT. KELLY'S BEEN MADE A SECRETARY TO DEFENCE MINISTER JOEL FITZGIBBON, DUE LARGELY TO HIS PRIOR EXPERIENCE AS A DEFENCE FORCE LAWYER. MEMBER FOR FRASER BOB MCMULLAN AND SENATOR KATE LUNDY BOTH MISSED OUT ON MINISTRY POSITIONS.. .. MCMULLAN INSTEAD GIVEN A SECRETARY POSITION IN INTERNATIONAL DEVELOPMENT ASSISTANCE. AND A-C-T OPPOSITION LEADER BILL STEFANIAK'S CRITICISED THE OMISSION OF A-C-T LABOR M-P S FROM THE RUDD MINISTRY. HE SAYS IT WILL PAVE THE WAY FOR FEDERAL LABOR TO

MAKE THEIR LARGE JOB CUTS TO THE AUSTRALIAN PUBLIC SERVICE. AND IN SPORT About three hundred local disabled school students have taken part in a sports carnival in Canberra. The Be You Best You Can Be event included events such

as long jump, shot put, and sprints, as well as a range of events specially modified for the children.

Talent scouts were also present, with organisers hopeful one of their athletes may one day be a paralympian. NOW TO THE WEATHER...

A RIDGE OF HIGH PRESSURE LIES TO THE SOUTH OF THE

COUNTRY WHILE AN INLAND TROUGH IS LINGERING OVER LINGERING OVER NEW SOUTH WALES, CAUSING UNTABLE CONDITIONS

A FEW SHOWERS AND POSSIBLE THUNDERSTORMS IN CANBERRA AND SYDNEY TODAY .. MORE SHOWERS IN BRISBANE AND PERTH -.. FOG THEN FINE DOWN IN MELBOURNE SHOWERS RIGHT ACROSS OUR REGION, WITH THE CHACNE OF THUNDERSTORMS .. WAGGA A TOP OF 27 .. DUBBO 29 .. // WAGGA A TOP OF 27 .. DUBBO 29 .. // AND 22 IN SHOWERS RIGHT ACROSS OUR REGION, WITH THE CHACNE OF THUNDERSTORMS .. WAGGA A TOP OF 27 .. DUBBO 29 .. //

AND 22 IN WOLLONGONG HEADING FOR A TOP OF 22 DEGREES TODAY .. SLIGHTLY

COOLER IN BATHURST AND BOWRAL MUDGEE A TOP OF 23 AND SHOWERS .. A WARM 28 DEGREES IN PARKES TAKING A LOOK AT WHATS AHEAD FOR THE WEEKEND .. AFTERNOON SHOWERS TOMORROW A TOP OF 26 DEGREES .. CLEARING SUNDAY FOR A MOSTLY SUNNY 28 DEGREES .. // AND THE SHOWERS AND STORMS ARE ON MONDAY SHOWERS AND STORMS ARE ON MONDAY (NO SCRIPT NEEDED HERE) GOOD MORNING

This program is captioned live.

You're watching Ten's Early News.

On this Friday morning - Kevin

Rudd's hand-picked front bench to

be sworn in on Monday while new

Liberal Party leaders start picking

up the pieces.

The Queensland Liberal Party given

one -- given one-week deadline to

sort out its leadership turmoil.

Two people killed in a major gas

explosion in the US.

And in sport, Aussies dominate day

one at Sunset Beach in the World

Cup of Surfing.

Another check of finance in a

moment with Catherine. It has been

a rollercoaster ride on Wall Street.

US stocks initially fell after retailers retailers revealed disappointing earnings reports. The energy sector,

though, provided a boost after a pipeline explosion lifted pipeline explosion lifted oil prices.

I'll have more finance news in just

a few mopls, Frank. Look forward to

it. Thank you. Straight to work for it. Thank you. Straight to work for

Kevin Rudd's new front bench. The

Labor ministers to be sworn in Labor ministers to be sworn in on

Monday. Brendan Nelson taking over

the reins for the Liberals after a tight party-room ballot. Dislodged from the nation's top job but John Howard seemed relaxed and comfortable

as the PM-elect and his wife arrived at the official residence. Slightly more low key than when Kevin Rudd entered Caucus, a hero's welcome for the man who reversed the party's fortunes. Different rules, too - Mr Rudd going against a century of Labor tradition to select his own ministry of the factions. without the influence Deputy Julia Gillard has been given a super portfolio, retaining Workplace Relations and picking up Education. She'll also add acting Prime Minister to the list as soon as next month, the international climate conference. when Kevin Rudd is at Big job but for a very talented individual and if I did not have that confidence then I wouldn't have done it.

Wayne Swan will be Treasurer, Lindsay Tanner Finance Minister and Stephen Smith takes Foreign Affairs. A new guard, too, for the Liberals - Brendan Nelson beating Malcolm Turnbull for the leadership, but only just - 45 to 42, Julie Bishop is his deputy, the new Opposition Leader admitting he's come from an unorthodox background but he says it shows the Liberals are open to new ideas. If you vote Labor there is a real place for you in the Liberal Party and we are reaching out to you. The new Labor Ministry will be sworn in on Monday. Brad Hodson, Ten News.

Queensland 's squabbling Liberal

Party has been given a week to sort

out its damaging leadership spill.

A specially convened state council

meeting overnight moved that the

elected eight will go to a secret

ballot until there is a clean

winner. Power-brokers calling for

new rules to handle the deadlock. First-termer Tim Nicholls announced a

a challenge on Tuesday. It needs to

be resolved as a matter of urgency,

and I hope that that resolution is

very soon. The party has been very soon. The party has been split for each since then.

It's been revealed al-Qaeda was

plotting an attack on a US military

base on Australian soil. An

al-Qaeda leader allegedly detailed

the plans to former Guantanamo

inmate Mamdouh Habib just before

the September 11 attacks. The

terror leader had visited Australia

in the 1990s on a lecture tour.

During questioning in 2002, Habib

revealed the group had recruited

people to carry out an attack in Australia. It's unclear which

military base was the target. The

revelations surfacing at a defamation hearing involving Habib

in Sydney pra.

The body of an Australian soldier

killed in Afghanistan is expected

to arrive home today. Private Luke

Worsley was gunned down by the

Taliban during a raid on a

bomb-making factory last Friday.

The 26-year-old was honoured at a

ceremony in the country's south

before returning home.

Two groups of youths had been

fighting when a weapon was drawn in

Melbourne this morning.

The 17-year-old was stabbed in the

chest after an altercation outside

a 711 store in Melbourne's eastern

suburbs. Police tries to revive --

tried to revive the teenager, but

he died on his way to hospital. he died on his way to hospital. His 19-year-old friend also stabbed in

the upper body, in a stable

condition. Police still looking for

the attacker. We believe the groups

may have known each other. Two men

are in hospital after being stabbed

with a glass pole on the dance

floor at a city nightclub. The men,

aged in their 20s, are in a stable

condition, with wounds to their

legs and chests. No-one has been

arrested over the attack. Meanwhile,

a shot was fired at a police

station north of Melbourne

overnight. Hitting a glass panel

above the front door. The shot has

only penetrated the one pane of

glass and knocked a second pane

into the airlock of the police

station. Officers scrambled to

protect members of the public

before turning off lights to

blacken the foyer. No-one was injured in the attack.

Several people have been rushed to

hospital after a high-speed 3-car hospital after a high-speed 3-car pile-up in Sydney overnight.

Emergency cruels spending 20

minutes rescuing two from the

wreckage at a busy intersection in Haberfield inner west. One vehicle

veered off the road, crashing into

a brick wall and narrowly escaped

an apartment block. Luckily, no-one

sustained any serious injuries. A

woman will front court today

charged with kidnapping a baby girl

from a Perth hospital. It follows a

15-hour police search which ended

in the woman's arrest. The

31-year-old is accused of snatching

the 3-day-old baby girl from her

cot at King Edward Memorial

Hospital before boarding a bus to Kalgoorlie.

Kalgoorlie. Mother and her baby

have been reunited. The hospital

now reviewing its security procedures.

The department of foreign affairs

trying to contact 17 Australian

whose may have been caught up in a

siege at a Philippines hotel. Rebel

soldiers took over the hotel in

Manila, demanding the government be overthrown.

It was a bad day for the guests at

one of Manila's most luxurious

hotels. By midafternoon, the hotel

carpark was swarming with soldiers,

armed to the teeth and ready for

battle. Inside the hotel, a small

band of renegade troops had

barricaded themselves, demanding a

change of government. This was the

response they got. GUNFIRE

Gunfire was sprayed into the hotel

lobby, followed by tear gas, and

then an armoured car crashing

through the front doors. In the

chaos that fall thod so, jelljures

found themselves confronting an

army of journalists and cameramen.

Upstairs, the mutineers considered

their diminishing options.

Surrounded by more than 1,000

troops, they finally accepted that

surrender was their only way out.

Among the mutineers was a general,

a bishop, a senatorer and a former

vice-president. They'd hoped to

ignite a larger uprising in the

military against an unpopular

President beset by accusations of President beset by accusations of corruption.

Two maintenance workers have been

killed after an explosion on a pipeline carrying crude oil from Canada to the United Canada to the United States.

It's believed the men had been

conducting repairs on the

underground pipe when fumes escaped

escaped and ignited the blaze. Four

pipelines have been shut down,

hotting nearly a 50% of the US Midwest crude imports.

New Melbourne coach Dean Bailey has

moved quickly to ensure the Demons'

leadership remains stable. Bailey

has offered Neitz thetes the

captaincy for what will be a record ninth year. Oh, look, it's up to David. He's thinking about it whether he wants to do it or not, and it will be left up to him to make the decision.

And Neitz will line up for a 16th

season, adding to his games record,

which has already eclipsed the 300 mark. mark.

On to golf. Australia's Craig Parry

and Paul Sheehan are leading the

charge after round one of the New

Zealand Open. They share a one

had-shot advantage at the top of

the leader board. Parry the leader board. Parry narrowly

missing out on an eagle at the parfive:

COMMENTATOR: Goodness me! That's a

better job of it. I guess that's

why you're in the lead. Guess so. why you're in the lead. Guess so. 10 players including 8 Australians

lie just the one shot back.

Sunset Beach turned on the waves Sunset Beach turned on the waves as

the Aussies turned on the

performances at the O'Neill World

Cup of Surfing in Hawaii,

Queenslander Luke Munro pulled an

8.5 out of 10 in the 3-5m surf. An

incredible 18.77 out of 20 for

Daniel Ross. I'm rapt. Big came at

first. I was stoked I was in

position for it. Former world

champion and Hawaiian local Sunny

Garcia was another of the Garcia was another of the day's

standouts, powering through to the

next round.

Perpetual has announced an

unexpected blow-out of millions of

dollars in losses. The company

blaming the US subprime crisis for

an $18 million worth of market

-to-market losses. It says 5

million of that was tied to

securities related to subprime issues in the US and is irretrievable.

Qantas pilots have reportedly

offered to increase their workload

by 10% in exchange for the

company's record profit. Some could

be in line for a 20% pay rise. The

airline posted a $1.1 billion

profit last financial year.

Meantime, Qantas is accused of

bullying travel agents to back outf

a class action that alleges the

airline illegally short-changed airline illegally short-changed

the ticket commission paid to more

than 1,400 agents. It may have been

a rollercoaster on Wall Street. Not much Christmas fare and cheer. much Christmas fare and cheer. But

in other parts of New in other parts of New York, they

got into the festive spirit, with

thousands lining up for hour to

ensure prime position for the

lighting of the famous Rockefeller

Centre Christmas tree. This year,

the hot topic of the moment was not

forgotten - the 26m tall tree

sporting energy-saving bulbs and

also solar panel saids to help power

power them. Good on them!!

Recap of the morning's top storeys

- first day on the job for the

Labor front bench as the new

Liberal leadership team begins the

task of rebuilding the party.

Troops storm a hotel in the

Philippines after an attempted

rebel coup. Australians are

believed to be caught up in the siege.

And a British teacher sentenced to

15 days in jail in the Sudan, found

guilty of insulting Islam.

That's it for Ten's Early News. Plt

Frank Coletta. Bye for now. I'm Catherine

Catherine Kennedy. Enjoy your day and have Supertext Captions by Red Bee Media Australia. www.redbeemedia.com.au