Companies
Tabcorp, Tatts in merger speculation
SHARES in wagering groups Tabcorp and Tatts have been put in a trading halt, reviving speculation of a possible merger.
Furniture titan pounces on Fantastic
THE global retail giant behind Freedom Furniture and Snooze has launched a takeover bid for discount rival Fantastic Furniture.
Livingstone to chair CBA
THE woman who led Telstra’s board during its return to form will now take over as the head of the board at the under siege Commonwealth Bank.
Woolworths in petrol exit talks
WOOLWORTHS is in talks to sell its $1.5 billion network of petrol stations as the shake-up of the retail heavyweight continues.
Getting back on Target
THE former head of struggling retailer Target, Launa Inman, believes stablemate Kmart has succeeded in recent years partly by elbowing its way into Target’s traditional market, especially on price.
Supplier sizes up Kiwi rival
THE company behind Burson Auto Parts and Autobarn has lined up its first international takeover target, launching a bid to buy a New Zealand counterpart for more than $300 million.
Pyjamas flying off airport shelves
PYJAMAS and boarding passes are proving a successful mix for Melbourne-based retail heavyweight Premier Investments.
Bank cuts off widow in bizarre act
AFTER Deb Hallyburton left her husband’s funeral, she found herself locked out of their accounts because of a rogue employee.
Airbnb facing its biggest test yet
AIRBNB, the online lodging service now worth $39 billion, is facing legal challenges that could drastically reduce listings in some of its biggest markets.
$386 million bid puts pressure on Gina
AUSTRALIA’S richest woman Gina Rinehart has been outbid by $21 million for an empire she really wants to get her hands on.
‘Where’s the chicken?’: KFC sued
A WOMAN who expected her bucket of KFC chicken to be “overflowing” like in the ads is suing the company for $26 million.
Trump vows to block $118b merger
TELECOM giant AT&T is reportedly set to announce a deal worth more than $118 billion to buy Time Warner but Donald Trump says he will block it if he is elected.
DFAT to see jailed Crown worker
CONSULAR officials hope to visit Australian Crown Resorts employee Jerry Xuan tonight for the first time since being held in raids on the firm in China.
Pumpkin Patch in crisis as shares halted
ICONIC kids fashion brand Pumpkin Patch is in crisis, with shares placed in a trading halt as the company’s debts balloon to more than $43 million.
Simple idea turns into $20m business
ALL you need is one brilliant business idea. Dannielle Michaels’ light bulb moment came as she changed a nappy on a flight to New Zealand.
College in court over $360m ‘scam’
A TRAINING college shut down over allegations it ripped off students could be forced to repay hundreds of millions of taxpayer dollars.
Should bosses pay for work drinks?
STINGY bean counters are putting end-of-year shenanigans at risk by refusing to fork out for work drinks. But experts say it could be their loss.
Mail complaints that send us postal
AUSTRALIA POST may be back in the black financially, but no mail and slow mail remain the biggest source of consumer complaints.
‘I turned $5k into $3.3 million’
IT’S HARD not to hate Iyia Liu. The 23-year-old is set for life after making herself rich selling an obscure product.
NSW’s power assets sold for $16bn
FOLLOWING Canberra’s ban on the sale of NSW’s poles and wires to a Chinese consortium, the state Government has found a new multi-billion dollar bidder.
Crown hotels up for sale
JAMES Packer’s Crown Resorts plans to spin off a minority stake in some of its Australian hotels, as the company goes into damage control.
Ten warns of ‘uncertain future’
NETWORK Ten has sounded a dire warning about the threat to Australian content from “untaxed and unregulated” players like Netflix.
‘Chinese Netflix’ takes on tech titans
A CHINESE internet colossus referred to as a combination of Netflix, Apple, Amazon and Tesla is launching a plan for global domination.
Is this the death of the daigou?
AUSSIE daigous have made millions acting as personal shoppers for people in China, but now they fear being pushed out.
Telstra outages: CEO’s lesson learnt
AFTER Telstra’s tough year of network meltdowns, CEO Andy Penn said the pain of dealing with a string of failures has taught him a key lesson.
The Aldi of booze has arrived
AUSTRALIA’S obsession with low prices continues, with Coles trialling a new cut-price liquor store. Proof Aldi has our big retailers rattled.
Why China has gone nuts for Weet-Bix
AN ICONIC Australian brand has hit the jackpot in the most surprising place - China. And it’s unveiling a huge expansion.
The murky world of high-rollers
THE jailing of Crown staff exposes the links between organised crime and high-rolling gamblers casinos want to lure to Australia.
Caltex bids for Woolworths’ fuel
FUEL refiner and retailer Caltex has confirmed it has made a conditional and confidential proposal to buy supermarket giant Woolworths’ fuels business.
James Packer breaks his silence
CASINO mogul James Packer has spoken out for the first time about the arrest and detention of his staff in China, as his empire’s future hangs in the balance.
