Last updated: October 2, 2016

Redstone’s hand in deal talks

Redstone’s hand in deal talksKeach Hagey

Most members of a Viacom committee exploring a merger with CBS were hand-picked by Shari Redstone.

    Nine sells Southern Cross stake

    Nine sells Southern Cross stakeJAKE MITCHELL

    Nine Entertainment has sold its 9.9pc stake in regional television affiliate partner Southern Cross Austereo.

      Expansion’s a shoe-in for Aquila

      Expansion’s a shoe-in for AquilaEli Greenblat

      Shoe brand Aquila will double its store network after an injection of capital from Blue Sky Private Equity.

        Another chapter in selling books

        Another chapter in selling booksGlenda Korporaal

        Australian online bookselling company Booktopia’s strength lies in catering to local readers.

          Ord Minnett’s profit jumps 16pc

          Ord Minnett’s profit jumps 16pcMichael Bennet

          Ord Minnett has enjoyed a 16 per cent jump in profit on stronger income, cheering the broking industry.

            Woolies petrol under the pump

            Woolies petrol under the pumpEli Greenblat

            Woolworths is poised to become a pure food and liquor retailer after conceded its petrol arm could be up for sale.

              ASX 200 TOP GAINERS & LOSERS

              Company Name Price Change %Change
              Galaxy Resources Limited 0.32 +0.02 UP +8.3333%
              Nine Entertainment Co. Holdings Limited 1.06 +0.08 UP +8.2051%
              Bendigo and Adelaide Bank Limited 10.77 +0.24 UP +2.2792%
              Spark New Zealand Limited 3.44 +0.07 UP +2.0772%
              Oil Search Limited 7.09 +0.09 UP +1.2857%
              Southern Cross Media Group Limited 1.46 -0.22 Down -13.0564%
              Western Areas Limited 2.88 -0.20 Down -6.4935%
              Whitehaven Coal Limited 2.45 -0.12 Down -4.6693%
              ALS Limited 5.96 -0.26 Down -4.1801%
              Independence Group NL 4.18 -0.17 Down -3.9081%

              12:00AM AEDT

              Rowsthorn exits McAleese board

              Rowsthorn exits McAleese board
              Daniel Palmer
              Mark Rowsthorn and Don Telford have made a surprise surrender ahead of McAleese’s mooted spill vote.

              Telstra VC wades into fintech

              Telstra VC wades into fintech
              Supratim Adhikari
              Telstra is ramping up the Asian focus of its venture capital arm, with a strategic fintech investment.

              Gerry Harvey’s pay shrinks

              Gerry Harvey’s pay shrinks
              Harvey Norman’s executive chairman took home near 16 per cent less in fiscal 2016 but lifted his stake in the group.

              What’s been achieved post-GFC?

              What’s been achieved post-GFC?
              John Durie
              Deutsche’s dilemma demands questions about what global regulators have done to prevent bank bailouts.

              Switkowski’s NBN term extended

              Switkowski’s NBN term extended
              Daniel Palmer
              Ziggy Switkowski’s reappointment takes him almost to the slated completion date for the NBN.

              Health insurance costs ‘distorted’

              Health insurance costs ‘distorted’
              Sarah-Jane Tasker
              An increasing proportion of premiums is funding care for customers aged over 55, lifting costs for youths.

              Woolies in talks on petrol sale

              Woolies in talks on petrol sale
              Daniel Palmer
              Woolworths says it’s made no decision yet on several offers for its $1.5bn portfolio of petrol stations.

              Alcoa board approves demerger

              Alcoa board approves demerger
              Elizabeth Redman
              Alcoa’s board has approved a split after resolution of court action by Australia’s Alumina that threatened a delay.

              Funds pull cash from Deutsche

              Funds pull cash from Deutsche
              Some hedge funds have reportedly withdrawn money from the German lender, sending its shares tumbling.

              US banker ‘should be ashamed’

              US banker ‘should be ashamed’
              Emily Glazer
              Wells Fargo boss John Stumpf struggled to mount a defence to politicians’ questions over sham accounts.

              Moonves key to CBS-Viacom deal

              Moonves key to CBS-Viacom deal
              Joe Flint
              The relationship between CBS boss Leslie Moonves and National Amusements’ Shari Redstone will be crucial.

              Lynas warns of ‘uncertainty’

              Lynas warns of ‘uncertainty’
              PAUL GARVEY
              Lynas is staring into the abyss, with its auditor warning of ‘material uncertainty’ over the rare-earths miner.

              Mall fund lures investors

              Mall fund lures investors
              BEN WILMOT
              The new fund is slated to hit the boards with a market capitalisation of more than $170m.

              Caltex nears Woolworths deal

              Caltex nears Woolworths deal
              Bridget Carter
              The pressing question is what the competition watchdog would say about a transaction between two market heavyweights.

              Target ‘needs repositioning’

              Target ‘needs repositioning’
              Eli Greenblat
              Ms Inman says Kmart has built some of its recent profitability by ­elbowing its way into Target’s ­traditional market.

              OPEC output cut lifts producers

              OPEC output cut lifts producers
              BARRY FITZGERALD
              OPEC’s concession that a production cut was needed to boost world oil prices has added $6 billion to local players.

              Dragontail eyes ASX listing

              Dragontail eyes ASX listing
              Daniel Palmer
              Israel-based food delivery technology group Dragontail Systems has lodged its prospectus before an Australian IPO.

              Iran clinic a first step for Avita

              Iran clinic a first step for Avita
              Sarah-Jane Tasker
              Skincare company Avita Medical is about to open a clinic for regenerative medical devices in Iran.

              Money to MP as firm collapsed

              Money to MP as firm collapsed
              Michael McKenna, Geoff Chambers
              A lobbyist gave $110,000 of her ‘own money’ to Lib MP Stuart Robert’s fund as her company was being wound up.

              Telstra to cut 300 retail jobs

              Telstra to cut 300 retail jobs
              Supratim Adhikari
              Telstra looks set to offload up to 300 jobs from its retail business to produce greater efficiencies.

              Palmer loses assets court bid

              Palmer loses assets court bid
              Sarah Elks
              A judge has knocked back Clive Palmer’s attempt to grab assets from his liquidated Queensland Nickel company.

              Storm wreaks steelworks havoc

              Storm wreaks steelworks havoc
              Matt Chambers, Michael Roddan
              South Australia’s power outage has wreaked havoc on some of the nation’s biggest industrial and mining ventures.

              Commerzbank to cut 9,600 jobs

              Commerzbank to cut 9,600 jobs
              Germany’s second-largest lender is targetting savings of $9.52bn per year as it ramps up restructuring plans.
              A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites. This is also known as Online Behavioural Advertising. You can find out more about our policy and your choices, including how to opt-out here

              The Australian doesn't play nicely with your current browser.

              Please take a moment to upgrade to the latest version.

              Internet Explorer

              v10 or later

              Upgrade now