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Dick Smith staff missing millions in entitlements

Dick Smith's receiver Ferrier Hodgson has shut down the 27 concessions in David Jones stores.

Dick Smith receivers and managers Ferrier Hodgson has dispached the failed retailer's chief financial officer and slashed office jobs and uncovered $2 million in underpayment of staff entitlements.

Virgin Australia chief executive John Borghetti says the carrier's international business has continued to improve.

Virgin Australia's profit flying high

Jamie Freed

Virgin Australia has reported an eight-fold rise in underlying profit before tax in the first half to $81.5 million as a result of ongoing fare increases in the domestic market and better conditions in the international market.

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In Depth

Tesla shifts gears in China

Tesla, whose China rollout for the Model S sedan got off to a rocky start, wants to take advantage of the nation's hot ...

Tesla Motors has started taking orders for its Model X in China, giving customers in the world's largest auto market access to the new SUV before Europe.

Workplace

Markets

AGL flags slower gas price rises

Victorian households will bear the brunt of rising gas prices, according to analysis by ANZ.

Energy utility AGL has flagged slower than expected rises in gas prices in the wake of the oil price slump as it grapples with a slowdown in gas use in industry.

Computershare in another US loan service buy

Stuart Irving said the deal would give a big boost to its share of the loan servicing market in the US.
Shaun Drummond

Computershare appears to be reviving its credentials as a serial dealmaker with another loan servicing business acquired in the US for $US71 million on Thursday following its preferred bidder status to manage £30 billion of loans in Britain announced on Tuesday.

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The Economy

Holidays are serious business

Michael Pascoe

It wasn't all bad news in the December trade statistics, but sometimes any excuse will do.

Retail

Coles makes Chinese New Year error

Cute monkey - shame the sign calls it a goat.

Supermarket chain Coles is helping consumers celebrate the Year of the Monkey by selling lucky bamboo - the only problem is the attached label says "goat".

Banking & Finance

Computershare in another US loan service buy

Stuart Irving said the deal would give a big boost to its share of the loan servicing market in the US.
Shaun Drummond

Computershare appears to be reviving its credentials as a serial dealmaker with another loan servicing business acquired in the US for $US71 million on Thursday following its preferred bidder status to manage £30 billion of loans in Britain announced on Tuesday.

Mining & Resources

AGL flags slower gas price rises

Victorian households will bear the brunt of rising gas prices, according to analysis by ANZ.

Energy utility AGL has flagged slower than expected rises in gas prices in the wake of the oil price slump as it grapples with a slowdown in gas use in industry.

World Business

Tesla shifts gears in China

Tesla, whose China rollout for the Model S sedan got off to a rocky start, wants to take advantage of the nation's hot ...
Dana Hull

Tesla Motors has started taking orders for its Model X in China, giving customers in the world's largest auto market access to the new sport utility vehicle before it debuts in Europe.

China

Food needs drive record Chinese takeover

Chinese companies have shown themselves willing to put up increasingly larger sums of money to acquire foreign ...
Alexandra Stevenson, Chad Bray and Amie Tsang

The transaction would be the largest acquisition of a foreign company by a Chinese firm and the latest in a string of deals by ChemChina.

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Property Focus

Dinosaurs to stalk Truganina estate

An artist's impression of the prehistoric theme park at Elpis' new estate in Truganina.
Nicole Lindsay

The Elpis project will feature a 22-hectare park on its eastern border that will be home to about a dozen dinosaur models.

Masters upheavel kicks off a busy year

Carolyn Cummins

The year is already a month old and real estate has been in the news as much as the cricket and tennis. Thanks to the volatile sharemarket, investors are turning back to bricks and mortar for higher and more stable yields.

Executive Style

“I’ve always been confident, but now I feel more fun and cooler,” says Michael Vasquez of his artificial gunmetal hair.

Why stylish young men are going grey

Max Berlinger

A new generation of men are dyeing their hair silver in the name of fashion.

Money

Rents are going down, down, down

The balance of power is slipping from landlords to tenants as a glut of new apartments come onto the market.
Clancy Yeates

Landlords have long held the upper hand in the rental markets in Australia's biggest cities, but there are signs that power is receding in 2016.

Small Business