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Wesfarmers and its auditors EY are investigating whether Target boosted profits by bringing forward supplier rebates.

Wesfarmers auditor assist in Target probe

Sue Mitchell

The future of former Target managing director Stuart Machin and other Target executives is under a cloud until the outcome of an investigation by Wesfarmers.

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In Depth

The wrong tax reform

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VIDEO Comment: Malcolm Turnbull's plan to reform income tax is not only wrong, it's also the wrong tax being offered for reform.

Workplace

Markets

RBC tips oil to rebound to $US70

Oil prices are likely to rebound to around $US70 per barrel within two years, according to RBC.
Stephen Cauchi

Oil prices are set to recover to around $US70 per barrel thanks partly to strife in the "fragile five" oil producers, according to a paper from RBC Capital.

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Retail

Banking & Finance

ING Australia founder bows out on a high

ING Direct chief executive Vaughn Richtor founded the Australian arm of the company in 1999 and reported his last annual ...
Shaun Drummond

ING Direct Australia's departing founder Vaughn Richtor says the company is taking market share from the big banks after years of being mainly a savings product.

Australian fund buying US peer-to-peer loans

Steven Sher, chairman, and Gavin Solsky, executive director, of Global Credit Investment.
Shaun Drummond

The first Australian fund to invest in peer-to-peer loans, set up by former Goldman Sachs banker Steven Sher and former Bain & Co consultant Gavin Solsky, is the latest of a new breed of financial intermediaries.

Mining & Resources

World Business

China

Great Leap Upward: China's $150b shopping spree

Chinese Dragon at the wall of a China temple, Datong, China
Matthew Campbell and Jonathan Browning

Why Chinese companies are spending more than ever to buy up international companies, looking beyond commodities to expand into other markets.

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Property Focus

Packer on a winning streak over Barangaroo

Crown's $1.5 billion proposal for Barangaroo.
Sean Nicholls and Leesha Mckenny

James Packer's Crown Resorts has warned the NSW government that if it is forced to shrink the size of the podium on its proposed $1.2 billion Barangaroo casino resort.

Executive Style

The Santa clause: David Letterman has adopted a more relaxed look since retiring.

How to grow old disgracefully

Guy Kelly

Let it all hang out like David Letterman, or work harder than ever to keep up appearances?

Money

Stawell Gift winner Talia's $4.5m prize

Talia Martin (pink) won the women's Stawell Gift in controversial fashion.
Scott Phillips

The payday for winning the Stawell Gift footrace is impressive for a 15-year-old – but even more than you think.

Small Business

Hard work is never enough

James Adonis dinkus
James Adonis

The number of successful people who think "I worked hard and made it" implies "you will make it if you just work hard enough" is astounding.