Companies
Virgin takes $425m loan
VIRGIN Australia will borrow $425 million from its four major shareholders as it buys time to fix its balance sheet.
Pyjamas, stationery bolster Premier
CLOTHING and stationery retailer Premier Investments continues to defy difficult conditions in the retail sector, chalking up a record rise in earnings.
Myer posts profit dip but backs turnaround plan
Myer has posted a dip in first-half profit despite recording an uptick in sales as it rolls out its latest turnaround strategy.
Telstra snares ex Nokia, Optus kingpins
TELSTRA has snared the former chief executive of phone making heavyweight Nokia for a plum new executive posting.
Dick Smith brand to live on
E-COMMERCE entrepreneur Ruslan Kogan will revive Dick Smith as an online-only business, after buying the intellectual property of the recently collapsed company.
Milk giant shakes on two deals, new plant
Two freshly inked deals with global infant formula makers will allow dairy co-operative Murray Goulburn to begin building a large-scale powders plant in western Victoria.
Telstra, San Miguel talks collapse
TELSTRA has abandoned talks with an offshore conglomerate about setting up a $1.3 billion wireless joint venture.
Lifeline for desperate Dick Smith workers
DICK Smith employees are facing growing anxiety as an internal memo shed new information on the closures. But there is a way you can help.
WA wine goes down well in Singapore
ASIA is quickly developing a taste for WA grapes, with the trickle of premium wine into Singapore growing by almost 50 per cent last financial year.
Australia’s biggest airport rip-off
THE consumer watchdog has confirmed what we all knew: airports are laughing all the way to the bank. And the winner is ...
Should I ‘blow the taxi up tonight’?
TAXI driver asked terrified passenger how he could get “an ISIS visa”, and bragged he could’ve “done a better job” than the terrorists in the Paris attack.
Threat over Samsung washing machines
SAMSUNG is being threatened with a coronial inquiry into its handling of the recall of tens of thousands of potential fireball washing machines.
Money-wasting ‘junk insurance’
IF YOU’RE forking out thousands of dollars a year for one of these health insurance policies, you need to read this.
Dick Smith staff vent their anger
DICK Smith staff are venting their frustration with passive aggressive signs protesting their uncertain futures.
The brands we can’t live without
PRIVATE labels are taking over, but these are the 20 brands we’re willing to pay more for. No prizes for guessing the winner.
The city still reeling from the GFC
THOUSANDS of homes worth nothing, their broke owners left with heartache and mounting debt. But as people grow poorer, Wall Street is raking it in.
‘Uber-killer’ app given green light
THE competition watchdog has given the green light to the taxi industry’s answer to Uber, after initially threatening to block the app.
Sex tape legal bill just got bigger
HOW will Gawker survive this? The embattled gossip site just got hit with a massive punitive damages bill for publishing the Hulk Hogan sex tape.
Real estate agency sells itself
AUSTRALIA’S oldest real estate group has been sold to its managing director after being held by the same family for almost 30 years.
Aussies being gouged on ATM fees
BANKS and independent ATM providers are gouging over half a billion dollars in unnecessary ATM fees from Australians each year.
The great baby formula rip-off
THIS factory in rural Victoria ships baby formula to China by the tonne and nabbed a $1.5 million taxpayer grant to boost its trade. But all is not as it seems.
Amazon ‘loyal’ shopper black-listed
SELF-CONFESSED Amazon nut Greg Nelson has bought more than 340 items from the online retailer, but the “fervently loyal fan” has been black-listed.
Travel card loophole closed
THE sneaky trick that allowed savvy passengers on NSW’s public transport to game the ticketing system has been shut off for good.
Going postal over Australia Post
COMPLAINTS about Australia Post have almost tripled since 2008, and customers are taking to social media to slam a business which claims to deliver - but sometimes doesn’t.
Hidden cost of Madonna’s tardiness
IT’S not just her fans waiting for the star to get on stage — there’s venue staff, trains and a whole lot more. And everyone is paying for “Madonnatime”.
Is this the new Dick Smith?
HE’S built an empire with no shops and a finger in every pie. Now he’s taking on the mantle of Australia’s other great self-made man.
Life as a celebrity sex tape broker
IT’S the scandal that can make or break an entertainment career. And when a sex tape surfaces, this is the man you call.
7-Eleven appoints new chief executive
ANGUS McKay is rolling up his sleeves and gearing up for what could well be the toughest gig in town.
Airbnb lets neighbours dob in bad renters
PLANNING a big party at an Airbnb pad? You might want to think again now that the holiday letting business is encouraging neighbours to dob you in.
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