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Store buy back poses 'a risk' to Good Guys

The transition of The Good Guys 56 joint venture stores to corporate ownership could weigh on sales, according to analysts.

Catie Low 12:15AM

The Muir Family's successful buy back of the Good Guys joint venture stores could drag on the performance of the appliance and electronics chain

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Happy days: former CBA employee Kevin Ward makes the switch to work for a small business.

Corporate staff make a sea change

Anna Patty 12:15AM

Kevin Ward is among experienced employees joining a corporate sea change from larger to smaller companies.

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A struggling Virgin is yet to make inroads into Qantas' market dominance.

Virgin's $852m rights issue could struggle

Brian Robins 10:00PM

With its share price holding resolutely below its rights issue price, the underwriters to Virgin Australia's $852 million raising may be called upon to cover a large slice of the issue.

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Refugees and migrants disembark on a beach in Greece.

Fifth of humanitarian migrants find work

Tom Rabe 7:16PM

More refugee migrants are finding jobs in Australia, but many still face several employment barriers, according to a nationwide study.

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KPMG Australia chairman Peter Nash. 'Geopolitical volatility is here to stay.'

Political accord vital amid global volatility

Mark Mulligan 6:32PM

We mustn't wallow in the challenge of what we can't do, says the chairman of KPMG Australia.

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Premier Investments CEO Mark McInnes and chairman Solomon Lew.

Lew's Just Group suing departed CFO

Sarah Danckert 8:07PM

Billionaire rag-trader Solomon Lew's Just Group has launched legal action against its recently departed chief financial officer Nicole Peck after she was hired by arch rival Cotton On.

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NSW Skills Minister John Barilaro has emphasised that TAFE commissioned the report.

TAFE paid $90,000+ for 'flawed' report

Anna Patty 6:43PM

TAFE NSW paid more than $90,000 for a consultant's report that promoted a private college network raided by the AFP for alleged fraud.

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CBD Old-media link to Hanson's app heaven
Property Transparency paying off for Australia
Consumer Affairs How we shopped as the poll loomed
Markets ASX slides on weak commodities
Retail Price war more likely as Woolies falls flat: UBS

Market Indices

Last updated: July 7, 2016 - 1:10AM

Currencies

United States Dollar
Last updated: Jul 7, 2016 - 12:40AM (delayed by 30 minutes)
0.7482	0.25%
Euro
0.6769	0.43%
British Pound
0.5807	1.31%

Comment & Analysis

Elizabeth Knight

Australia's Clayton's prime minister
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Colin Kruger, CBD

Old-media link to Hanson's app heaven
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Adele Ferguson

Malcolm, stop fighting to defend banks
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This childhood favourite later changed its name to the more generic FADS Fun Sticks.

Awkward: When business names go bad

Larissa Ham 8:07AM

It's all well and good to come up with a catchy name. But what if the world shifts and you're left with something evil?

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In Depth

Downsizing the workplace

8:44PM

VIDEO: Kevin Ward talks from experience about the benefits of moving from a large company to a smaller one.

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Rich Aussies under 40

7:10PM

VIDEO: Wonder who Australia's richest young people are?

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Free trade agreements favour imports

8:00PM

VIDEO: Just how beneficial are Australia's free trade agreements? Fairfax's Peter Martin explains.

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Workplace

Parmalat locks out dairy workers

Steve Raymond and Brett Hollis locked out of the Gippsland dairy plant.

Nick Toscano

Dozens of Gippsland dairy workers have been locked out indefinitely in the latest aggressive pay dispute.

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Uber comes clean on sacking offences

Mohammad Qureshi was sacked by Uber when his passenger rating fell.

Georgia Wilkins

Uber has been forced to spell out its reasons for dumping drivers without warning.

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Markets

$A drops on global jitters

Despite a sharp fall overnight, the Aussie looks resilient regardless of the RBA's next move, say some.

Mark Mulligan 5:36PM

After shrugging off the fallout from the still undecided election, the $A has been caught up in a fresh bout of global jitters.

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Markets Live: Shares lower on Brexit

Vesna Poljak 4:19PM Live

S&P;/ASX 200 Index slides after fresh post-Brexit tremors in global markets.

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Virgin to book big annual net loss

Virgin recorded a first-half net profit of $45.7 million.

Lilly Vitorovich 1:28PM

Virgin Australia is set for a big full-year loss after announcing its restructure will cost as much as $450 million.

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Monte Paschi may need third bailout
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Oil prices seen capped for 18 months
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Markets Live: Shares set to fall
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Why the UK had no Brexit plan
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US yields drop to record lows
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Wall St drops on global growth worries
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London bankers bonuses seen hit
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Yen advances on safe-haven bid
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Morgan Stanley say investors should expect another year of negative returns on the ASX.

need2know: Fresh Brexit worries

Search Quotes & Charts

As the Tories talk tough, UK employers who rely on immigrant workers are rushing to reassure them they're wanted and needed, urging them to sit tight while the UK government negotiates a new relationship with the EU.

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Chinese tourist boom hits record high

5:10PM

The number of Chinese tourists venturing Down Under has hit an all time high, while migration levels have slumped to a nine-year low.

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Systems go: RBA leaning toward a cut
Contains: total comments10 This article contains a video.
Retail sales weak despite May rate cut
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The real winners of the Mediscare campaign
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RBA holds rates, hints at cuts ahead
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Opinion Minority government, more of the same
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Retail

Banking & Finance

Samsung Pay takes on Apple

Citi and Amex cards can be loaded on to new generation Samsung Galaxy devices.

James Eyers

Samsung is hoping its payment system launched in Australia on Wednesday will drive more sales of higher-end phones.

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MasterCard UK targeted for $33b class action

The claim against MasterCard would be the UK's biggest and one of the first filed under the Consumer Rights Act 2015.

Patrick Gower and Kit Chellel 4:31PM

A $33 billion claim against MasterCard over unfair cross-border transaction fees would be Britain's largest ever.

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Banks raise billions, despite Brexit jitters
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Monte Paschi may need third bailout
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London bankers bonuses seen hit
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Malcolm, stop fighting to defend banks
Contains: total comments30 This article contains a video.
ANZ denies Elliott ordered 'sexism' tweet
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Mining & Resources

Coal miners face tougher water rules

Concerns have been expressed that the stricter rules could make it harder for miners to deal with their variable water ...

Peter Ker 4:52PM

Coal miners in the Hunter Valley face stricter limits on their groundwater extraction, after the NSW government introduced new rules.

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Oil prices seen capped for 18 months

The wild card for next year is US shale supply, which appears to have reached a bottom, but it's too early to say ...

Javier Blas and Ryan Chilcote 9:22AM

Oil prices won't rise much further over the next year and a half, says Vitol CEO Ian Taylor.

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World Business

Tesla founder snarky about fatality

A Tesla Model S, the car model involved in the crash.

Nathan Bomey 6:07PM

Concerns about the pace of vehicle production at Tesla Motors hit the automaker's shares.

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How young millionaires manage their money

afr news 060422
Retirement. Planning for retirement generic. 20 April 2006. AFR Photo by Andrew Quilty. Generic ...

Jonnelle Marte 8:01AM

Alas, there are some people who are lucky enough to be both young and rich.

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Norway's plan to grow fish in cargo ships
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IKEA pushes for quality as shoppers get choosier
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Singapore leads HK in fintech race
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Uniqlo suspends travel to Bangladesh
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Was killed Tesla driver watching Harry Potter?
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Consumer Affairs

How we shopped as the poll loomed

Zara, the first of almost a dozen global fashion brands to invade Australia, has suffered a 33 per cent slump in profits ...

Lucy Cormack 2:02PM

"Fascinating" shopping data collected during the eight-week election campaign.

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7-Eleven franchisee fined $150,000

7-Eleven has been subject to a massive crackdown by the Fair Work Ombudsman.

Sarah Danckert

A 7-Eleven franchisee who systematically underpaid staff while simultaneously building up a $3 million property portfolio has been fined $150,000.

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The 'unacceptable' law being changed to help domestic violence victims
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The three things you need to do to protect yourself online
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How power price rises will affect you
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Costly health cover isn't always the best
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The day Cinthia's Audi went missing
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Mayne Pharma keeps cheque book open for more buys
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Featured advertisers

Property Focus

Mirvac looks to raise $235m from assets sales

Mirvac has sold its office buildings at 3 and 5 Rider Boulevard in Rhodes for $235 million

Carolyn Cummins

Mirvac has raised $235 million from the sale of two mixed use office towers at Rhodes in Sydney's North west to the Altis Property group.

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Telstra offloads sites into heated sector

184 Burwood Highway in Burwood is being sold by Telstra.

Simon Johanson

The buoyant residential property market is still spurring development activity with multiple sites exchanging hands.

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Collins Street commands premium

10-12 Collins Street sold for $18 million, reflecting a tight 2.43 per cent yield.

Simon Johanson

A dilapidated Collins Street office has been snapped up by a Chinese investor for more than $18 million.

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An artist's rendering of Collins Square, Melbourne, one of the largest mixed-use commercial and retail CBD precincts in ...

Vacancy rate puts squeeze on multi-floor options

Pub giant Keystone Group in receivership
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Self storage giant adds more units to its network
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Spec Property to expand development portfolio
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Drummond Street office fetches $6.6m for legal firm
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The new site will be developed by Sydney based JL Parramatta Pty Ltd

Starwood launches new Parramatta hotel

Investors snap up $300m in commercial property deals

Carolyn Cummins

Investors have shunned Brexit uncertainty and poured close to $300 million into office and industrial assets as they seek high yielding returns amid speculation of further interest rate cuts.

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