Companies
Herd the one about ... China eyes Kidman beef cattle
An Australian company and a member of China’s Shanghai Pengxin Group are considering acquiring one of Australia’s biggest beef producers.
SurfStitch chief quits as private equity bid looms
SurfStitch co-founder and chief executive Justin Cameron has quit the online surfboard retailer to team up with a private equity group in a precursor to a possible takeover bid.
Fortescue signs deal with Vale
Brazilian resources giant Vale could take a stake in Fortescue after pairing up with the Pilbara miner to form an iron ore blending joint venture.
BHP settles $7bn dam claim
BHP Billiton subsidiary Samarco will pay up to $3.2 billion in the first phase of a 15-year settlement with the Brazilian government over a deadly dam burst.
Google crash as self-driving test car hits bus
There’s red faces all round at search engine Google’s Silicon Valley HQ — all over a little bingle involving one of their self-driving cars.
Slater & Gordon posts near $1b loss
EMBATTLED listed law firm Slater and Gordon has slumped to a near $1 billion first half loss and has seen its shares slashed after taking a knife to the value of its struggling UK assets.
New chief for ailing Woolworths
WOOLWORTHS has been dragged $972 million into the red after taking a $3.25 billion hit on its ill-fated Masters home improvement stores.
New twist in courtroom drama as Slater suspends shares from trade
There’s been another twist in the unfolding courtroom drama that is Slater and Gordon, with the listed group suspending its shares from trading today.
Leadership shake-up at Kmart and Target
TARGET and Kmart will undergo a major leadership shake-up as parent group Wesfarmers merges the management of the two department stores.
Livingstone steps down as Telstra chairwoman
Catherine Livingstone, one of Australia’s most influential businesswomen, will step down as chairwoman of Telstra and hand the reins to Asciano chief John Mullen “in coming months”.
Port giant Asciano lifts interim profit by 5 per cent
Port operator Asciano has steered its way past the distraction of a $9 billion takeover battle to post a tidy rise in first half profit.
What will happen to Fev’s $50k?
BRENDAN Fevola is donating half of his I’m A Celebrity winnings to Shane Warne’s troubled charity — but where will that money go?
Outrage over Nazi memorabilia store
AN ANTIQUES store has defended selling tens of thousands of dollars worth of Nazi memorabilia after an outcry from the Jewish community.
Myer stores on the chopping block
MYER stores in western Brisbane, western Sydney, and Melbourne’s far east are likely to get the axe as the company overhauls.
Is this man a hero or villain?
HE’S a silent avenger. Dennis Nicholl was arrested last week for fulfilling the dreams of many commuters: silencing mobile phone conversations.
‘Biggest parenting problem of our time’
THE most troubling challenge parents face today has nothing to do with the kids’ diet, or their homework. It’s all laid bare in a new documentary.
Palmer won’t commit to rehiring
THE future of almost 550 workers at Queensland Nickel remains in doubt, with Clive Palmer refusing to commit to rehiring them.
Why Ben Lee now plays house parties
AUSTRALIAN rocker Ben Lee has tried it all on his journey to spiritual enlightenment. But now his quest has taken an unexpected detour.
Palmer’s management ‘piss-poor’
A FEDERAL MP has delivered some harsh words about Clive Palmer as workers at his Townsville refinery remain in the dark over the future of their jobs.
Fix your power bill — it’s happening
IN A first, an energy provider is to offer customers the chance to pay a fixed amount on their electricity and gas usage regardless of their consumption.
Investment giant goes shopping
SHRINKING share prices in January and February gave Australian Foundation Investment Company an opportunity to buy some bargains.
Aussie know-how in world’s airports
AN Australian company is now considered the go-to firm for international airports. The reason says its boss Greg Fordham is ‘awfully obvious’.
Why Airbnb is about to take over
THE game-changing website has already won over holiday-makers. Now it’s aiming to persuade business travellers to ditch five-star hotels for funky homes.
‘W*nker tax’ draining our savings
TWO-THIRDS of Australians are concerned about rising bills yet our ‘set and forget’ attitude lets thousands go down the drain. It’s time to take control.
Is Flight Centre a price-fixer?
COMPANY’S $11 million price fixing dispute with the competition watchdog is heading all the way to the High Court.
Deal Bunnings should be worried about
THE days of Bunnings’ reign could be numbered, with reports of a private equity deal set to shake up the $46.7 billion home improvement sector.
Surprise lifeline to Clive’s sacked workers
UPDATE: Clive Palmer’s embattled nickel refinery has received environmental approval to reopen, paving the way for 550 workers to be rehired.
Workers at Palmer’s refinery sacked
THE administrators of Queensland Nickel have sacked more than 550 workers at the refinery with employees told they’ll no longer have jobs after Friday.
Surefire way to kill a shopping centre
WANT to turn your bustling shopping centre into a ghost town? Here’s a very simple way to make a lot of customers furious in record time.
Also In News...
