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THE NEWS WRAP: Health food entrepreneur Carolyn Creswell takes out Business Woman of the Year crown

Thursday, 22 November 2012 | By Oliver Milman

‘Muesli queen’ Carolyn Creswell has been named the Telstra Australian Business Woman of the Year at an awards ceremony last night, 20 years after spending $1,000 to get her venture up and running.

 

Creswell is the founder of Melbourne-based firm Carman's Fine Foods, which now commands a turnover of around $50 million and employs 130 people.

 

Telstra said Creswell’s “great business model and work ethic" saw her emerge from a competitive field to land its annual prize.

 

Tinkler’s Patinack Farm to be liquidated

 

A court has ordered the liquidation of Patinack Farm, the property operated by mining magnate Nathan Tinkler, according to Fairfax.

 

On Tuesday, Tinkler’s Mulsanne Resources was wound up with a $28.4 million debt. Meanwhile, his main business, Tinkler Group Holdings, is the subject of winding up proceedings over a $145,000 debt.

 

Kickstarter sued over 3D printer

 

US crowdfunding website Kickstarter is being sued over allegations of a patent infringement on a 3D printer.

 

Formlabs has raised more than $2.9 million from the contributions of 2,000 users in order to build the device.

 

However, 3D Systems, a printer company, claims that Formlabs’ design infringes upon its patent. It is suing both Formlabs and Kickstarter.

 

Overnight

 

The Dow Jones Industrial Average was up 53.21 points, or 0.42%, to 12,841.72. The Australian dollar rose to US103.64 cents.