Macquarie

Macquarie Radio Network (ASX:MRN) expresses interest in buying Fairfax radio assets. Fairfax media has decided to sell its radio division after receiving positive feedback from prospective buyers.

Macquarie requested details from Fairfax on the sale of its metropolitan and regional radio stations. "Upon receiving those details, MRN will determine whether it will submit an expression of interest in purchasing some or all of the assets," Macquarie Radio said.

Former Macquarie Equities senior client adviser and securities trader Newton Chan, of Balwyn, once earned more than $500,000 a year in his senior role but now will spend the next four months in prison after pleading guilty to eight counts of market manipulation of the share price of collapsed electronic payments company Bill Express. Bill Express ran a network of kiosks used to collect bill payments and collapsed in 2008 owing $250 million. Chan will serve four months jail before being eligible for release. He has also been disqualified from managing corporations.

Worldwide diversified financial service provider Macquarie (MQG) has defended its decision to put a halt on granting options to the most senior bankers of the company. As a part of the new package, these bankers will be provided with more tax-effective ordinary shares.