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The battle for the bettor

ADVERTISING Warrawong TAB   Pic shows the betting machine inside the Warrawong TAB next to JB Hi-Fi  23rd of May 2008 Photo by Adam McLeean SPECIAL 00080208
Natalie O'Brien and Perry Williams

Gambling is a high-profit business that targets young men with rewards programs.

Atlassian Founders Scott Farquhar and Mike Cannon Brookes.

Atlassian files for IPO in the US

Tim Binsted

Software developer Atlassian has filed for an initial public offering in the United States and expects to list before the end of 2015.

Currencies

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Wages in China are no longer cheap after rising 16 per cent on average for a decade.

The world's running out of workers

Ambrose Evans-Pritchard

The coming era of labour scarcity will shift the balance of power from employers to workers, pushing up wages, former top Bank of England official says.

In Depth

The market is down? Don't sweat it

When I hear or read that the market is down, I don't get too worried - because I don't own 'the market' at all.
Scott Phillips

There are a few good reasons to not mind when the ASX swoons. You don't have to like it - but don't sweat it either.

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The Economy

VW facing possible Australian class action

Maurice Blackburn believes it is 'likely' Australian owners have been affected by the scandal.

Leading class action law firm Maurice Blackburn has announced an investigation into a potential consumer law case against Volkswagen amid its global pollution rigging scandal.

Retail

7-Eleven could cop hefty fines from ACCC

Embattled 7-Eleven Australia has announced a store buy-back for disgruntled franchisees.
Adele Ferguson and Sarah Danckert

The competition watchdog has set its sights on 7-Eleven head office for potential breaches of the Franchising Code of Conduct and Australian Consumer Law.

Banking & Finance

Kisimul claims win against Bendigo in bid to prove database theft

Executives at Bendigo Bank subsidiary Rural Bank face allegations its former head of IT stole records from database company Kisimul.
Shaun Drummond

Bendigo and Adelaide Bank subsidiary Rural Bank will be subject to an extensive trawl through their files by lawyers for Kisimul Holdings in an attempt to prove the bank's executives were implicated in the alleged theft of Kisimul's database of 120,000 farmers.

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World Business

Fed intends to lift rates this year: Yellen

Federal Reserve Chair Janet Yellen said there were risks to the Fed forecast that could push liftoff into next year.
Binyamin Appelbaum

The Federal Reserve still intends to raise its benchmark interest rate this year, barring unpleasant surprises, the Fed chairwoman, Janet L. Yellen, said Thursday. Yellen, speaking a week after the Fed announced it was not ready to raise ...

Mueller a frontrunner to steer VW

volkswagen
Jack Ewing and Melissa Eddy

Volkswagen is expected to name a new chief executive on Friday, with Porsche's boss a leading candidate.

China

US tech titans greet Xi, but it's not all laughs

The first in line to meet Xi, Mark Zuckerberg, the chief of Facebook, spoke Chinese with him, enough to get a laugh from the Chinese leader.
Jane Perlez and Nick Wingfield

Facebook's Mark Zuckerberg got a laugh from the Chinese leader at a meeting of tech chiefs in Washington, but Xi came in for some tough criticism from US business.

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Business Video

Business Week: retail second guessing

Pondering the failures and opportunities of two of our best recognised brands: Woolworths and Myer. Michael Pascoe comments.

Duration
03:30