Business News, Economy, Finance & ASX Market News

Woolies in a spin over pokie punt

Talk that Woolworths may look at selling ALH has continued to bubble away. Illustration: Simon Bosch

ANALYSIS
Patrick Hatch and Catie Low

Gambling reform is back on the agenda and that puts Australia's biggest supermarket in an uncomfortable position.

Not everything is as it seems...

COMMENT
Jessica Irvine

Economic growth is quite robust and the jobless rate is falling. But price pressures are abating. How can that be?

Pizza wars gun down fast food chain

Over the past five years, pizza wars and fast food wars have escalated.

COMMENT
Adele Ferguson

The fast food industry can be a brutal business. When it is wrapped around a franchise system, it can be even more so.

The drama shaking up US politics

Roger Ailes, creator of Fox News, has been the creator and destroyer of political ambitions over the years.

COMMENT
Anne Summers

If you thought the shenanigans at the Republican National Convention were the weirdest thing happening in America this week, you'd be wrong.

Debt indigestion: Inside Eagle Boys' demise

Eagle Boys Pizza had been in dire straits since 2012.

ANALYSIS
Sarah Danckert

Collapsed Eagle Boys pizza chain had been in dire financial straits since 2012 due to a serious case of short-term debt indigestion.

Business liquidated to escape $800k fine

AB Recycling manager Leandro Guisasola in an advertisement for High Heat.

Nick Toscano

The operators of a prominent recycling company have sought to escape massive penalties for the death of an employee.

Hot air rife in renewables 'debate'

More than 83 per cent of South Australia's electricity came from renewables earlier this month.

COMMENT
Brian Robins

'Never let the facts get in the way of a lobbying position' could well apply to both sides of the 'debate' over the role of renewable energy.

Arrium loan to 'save jobs': Turnbull

The $49 million federal government loan is a last-ditch bid to improve the viability of Arrium's Whyalla business.

Nick Toscano

Struggling steelmaker will secure a $49 million lifeline under a loan that the government says will protect thousands of at-risk jobs.

Market Indices

Updated: July 22, 2016 - 4:37PM

Updated: July 22, 2016 - 6:01PM

Updated: July 23, 2016 - 7:15AM

Updated: July 23, 2016 - 2:00AM

United States Dollar

Price

0.7470

Percentage up/down

0.05% rise
Euro

Price

0.6808

Percentage up/down

0.06% rise
British Pound

Price

0.5698

Percentage up/down

0.04% rise

Updated: July 23, 2016 - 9:00AM

The Finger Wharf at Woolloomooloo, which is home to the Ovolo Hotel.

TripAdvisor adds eyeballs to hotels

Carolyn Cummins

Former ANZ bank boss Mike Smith says he has rethought his negative perceptions of the ABC.

ABC cleared of 'anti-business' bias

EXCLUSIVE
Matthew Knott

When one employee lets off steam in the presence of another, contagion can quickly take hold.

Beware the angry employee

James Adonis

Better-than-expected US earnings bolstered the sharemarket rally this week.

ASX ends solid week on a sour note

Vanessa Desloires

Pizza wars gun down fast food chain

COMMENT

The fast food industry can be brutal. When tied around a franchise system, it can be worse.

Not everything is as it seems...

COMMENT

Economic growth is robust and the jobless rate is falling. But price pressures are abating. How can that be?

Hot air rife in renewables 'debate'

COMMENT

'Never let the facts get in the way of a lobbying position' could apply to the 'debate' over renewable energy.

Wall Street watchers say growth is quickening.

Wall St rises in fourth straight week of gains

Wall Street rose on Friday, clinching the ...

S&P; 500 sets fresh record high

Oil falls to lowest in two months

Minerd sees 15pc rally for US stocks

Metals dragged lower by greenback

ASX ends solid week on a sour note

Markets Live: Bulls take breather

Live

Vale is scheduled to release its earnings report before the start of regular trading on July 28.

Vale holds 2016 iron ore target

Vale reported output that exceeded estimates, ...

Short selling Australian dollars and going long 2 year Australian bonds are among Aviva's strategy to deliver a 4 per ...

Aviva launches fund for the yield hungry

A steady income stream is the holy grail for ...

Ultimately 2016 was a difficult year for the sharemarket.

need2know: Friday falls in store

Local shares set to end the week on a down ...

The CBOE Volatility Index rose 8.2 per cent today to 12.74, snapping six days of declines, the longest streak in three ...

Wall St lower on earnings misses

US stocks declined as results from companies ...

High-heel shoes can have a debilitating effect on feet when worn every day.

High heels 'cost UK businesses $453m a year'

A smile, a name and a confident handshake can sometimes go a long way.

17 icebreakers for awkward networking events

Escaping the daily grind is possible

Warren Frehse

VHS is officially dead

We take a look back at the history of home entertainment as we say farewell to the humble video player.

Roger Ailes leaves Fox

Rupert Murdoch will act as Fox News Channel CEO after Roger Ailes' steps down following sexual harassment allegations.

Australia 'resilient' in wake of Brexit

Brexit is expected to only have a 'limited impact' on the Australian economy says Treasurer Scott Morrison.

Not everything is as it seems...

COMMENT

Economic growth is quite robust and the jobless rate is falling. But price pressures are abating. How can that be?

Unemployment's age-old problem

Older unemployed people are, on average, out of work a lot longer.

ANALYSIS

If there's one thing worse than being unemployed, it's being unemployed and old.

Miner BHP Billiton is the highest ranking Australian company on the list.

Eight Australian entries on Fortune 500 list of world's biggest companies

Australia's supermarkets, banks and miners have again made up the local entries on the list of the world's largest 500 corporations.

The women Australia should follow

German Chancellor Angela Merkel and British Prime Minister Theresa May meet in Berlin. So far there are hopeful signs ...

COMMENT

Australia has the ability to mitigate negative effects from Europe through positive relationships in our own region.

Business conditions at strongest level since GFC: NAB

The aftershocks of the UK's vote to leave the European Union continued to reverberate across financial markets including ...

Australian firms enjoyed strong growth in sales and profits in the second quarter, while subdued price pressures pointed to another soft reading for inflation, a survey showed on Thursday.

The scare campaign that didn't scare anyone

Malcolm Turnbull has blamed Labor's "Mediscare" campaign for the loss of seats.

COMMENT

The Liberal Party has been saying plenty about Labor's "Mediscare" in the election postmortem, but there's been precious little about its own scare campaign: Negative gearing.

Woolies in a spin over pokie punt

ANALYSIS
Patrick Hatch and Catie Low

Gambling reform is back on the agenda and that puts Australia's biggest supermarket in an uncomfortable position.

Debt indigestion: Inside Eagle Boys' demise

ANALYSIS
Sarah Danckert

Collapsed Eagle Boys pizza chain had been in dire financial straits since 2012 due to a serious case of short-term debt indigestion, the group's accounts show.

Pizza wars gun down fast food chain

COMMENT
Adele Ferguson

The fast food industry can be a brutal business. When it is wrapped around a franchise system, it can be even more so.

NAB chief executive Andrew Thorburn sees positive signs in business credit growth.

NAB eyes the 'heartland' with shakeup

National Australia Bank is vowing to sharpen its focus on domestic businesses and consumers.

Bank sold debt after woman failed to pay for account she didn't want

Patricia Howard was caught between a rock and a hard place

Patricia Howard's first hint that something was wrong came when one of her credit cards was cancelled. Then the debt collectors started calling her.

NAB is merging five super funds to create the biggest retail super fund in the country.

Heads roll in NAB restructure

Three of NAB's most senior executives will leave the bank as it aims to become more 'customer-focussed'.

Accounting for Dick Smith failures

business pic greg newington afr syd 981229 ... generic money businessmen. big business etc. ****afr use only do not ...

COMMENT

As the receivers, administrators and ASIC work through the wreckage of Dick Smith's collapse, the accounting profession has questions to confront.

Bank dividends 'simply unsustainable'

The big banks' dividends are in the spotlight, again.

The most obvious response to likely increases in capital requirements would be to cut shareholder payouts, Perpetual portfolio manager Anthony Aboud says.