Parramatta. Telstra's first outlet closes down.

Telstra, which opened the Parramatta Business Centre, first Telstra such outlet in Australia, in 2007 in the heart the Parramatta CBD, has announced its closure on one the CBD’s prominent corners, the Smith and George streets intersection, two years to the month; service will be maintained at the Telstra Shop, in Westfield Parramatta, from June 7.

Norwest. Wattyl hopes on first home extension

The country’s second-biggest paint maker, The Wattyl Group, based at Norwest Business Park, is counting on the extension of the first home owners boost and spending on public housing for a much-needed stimulus, according to The Australian Financial Review. Wattyl’s earnings before interest and tax would total $6 million for the year to June. Lower input costs and redundancies would help the group to cut costs by about $14 million this fiscal year and $12 million more next year. The group has manufacturing, sales and distribution operations in Australia and New Zealand.