Quickflix back from the dead as Presto's plug is pulled
US media entrepreneur Erik Pence has emerged as the new owner Quickflix, after paying its administrators just $1.3 million for the streaming and subscription service.
Latest Business News
Hey Presto? Foxtel to shut down streaming service
Subscription video service Presto will shut down in January, after Seven West Media announced plans to sell its share to Foxtel.
Qantas angers hotel giants after its Airbnb points deal
Qantas and Airbnb have struck a deal to reward frequent flyer members, and traditional hotel giants are outraged.
Dick Smith's $100 million miss on stock
Retailer was carrying far too many types of merchandise the company's former chairman says.
Miners push ASX into black in late bounce
The Australian sharemarket bounced higher in the last minutes of trade with the help of Rio Tinto, which hit a five-month high.
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Bank chief won't sign ethics oath
Why hasn't Commbank CEO Ian Narev signed the Banking and Finance oath, developed to ensure ethical behaviour?
Markets Live: Late bounce led by Rio
Shares end the day slightly higher after trading in the red for large parts of the session, while the dollar slips slightly as the RBA keeps rates on hold.
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- 01:57
Banks 'trawling' customer accounts
The banks stand accused in a parliamentary committee of trawling through customer accounts to target and sell new products.
The unviable industry that taxpayers shouldn't be backing
Logging native forests must be a front in the culture wars, because it's not economically rational.
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- 01:44
Commbank attacked over suicide finding
CEO Ian Narev under pressure: why did Comminsure deny a life insurance claim in contradiction of a coronial finding?
CBA boss defends not signing banking code of ethics
Commonwealth Bank of Australia chief executive Ian Narev has defended his decision not to sign a banking code of ethics.
Telcos say consumers have 'unrealistic' internet speed expectations: ACCC
Are you dealing with slow internet speeds? Some telcos think your expectations are too high, says the ACCC chairman.
Iron ore price supply test ahead
The largest iron ore producers will need to exert tight control over supplies to keep steady prices.
Presto closure a victory for Fairfax and Nine
The value of being first or second in an Australian market has been highlighted once again.
ING plans to eliminate 5800 jobs in Europe
ING expects to save about $1.3 billion from cutting jobs in the Netherlands and Belgium.
RBA keeps rates steady under Lowe
The Reserve Bank keeps rates on hold at the first meeting chaired by new governor Philip Lowe, while remaining fairly relaxed about the housing market.
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- 01:21
Explainer: Who regulates our banks?
Whether it's interest rates, competition, resilience or misconduct, ACCC, APRA, ASIC and the RBA are the lead banking watchdogs.
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- 01:13
Panama Papers: Big leak, big names
World leaders are among the names caught up in the Panama Papers, described as the largest document leak in history.
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Presto video service to close
Seven West Media announces plans to sell its share of Presto to Foxtel, with current subscribers getting access to Foxtel Play from December.
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- 01:49
Too many banking rip offs: Labor
As the bosses of the big four banks prepare to be grilled over their practices, Labor says it'll keep pushing for a Royal Commission which is the only way the sector will change.
The scammers threatening migrants with deportation for cash
Scammers pretending to be from the Department of Immigration have swindled close to $170,000 from migrants and temporary visa holders since March.
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Bankers on parade
How do you think Ian Narev, the Commonwealth Bankâs Chief Executive Officer, spent the long weekend? Michael Pascoe comments.
What should, and shouldn't, worry us about Deutsche Bank
What may happen, and what probably won't, starting with the scary - but in my view implausible - prospect that Deutsche Bank's woes could become a "Lehman moment".
Once again, scare stories about China are overblown
It's time for another China disaster story. The world seems to have a decided appetite for them.
The big four questions for the big four banks
Banking chiefs are being grilled in Canberra: what can we expect to hear?
CBA chief: Good with numbers, bad with scandals
This afternoon Ian Narev, the Commonwealth Bank's chief executive, finds himself caught in conflicting political cross hairs. It promises to be an exquisite inquisition.
Hollywood's love/hate relationship with business
Deserving or not, business scandal is irresistible theatre.
European banks cutting 20,000 jobs as ING joins Commerzbank, ABN
European banks are preparing a fresh round of bloodletting - with some 20,000 jobs set to go - as tougher rules and negative interest rates weigh on profits.
No need to rush rate rises: Dudley
Caution is warranted given limits on the Fed's ability to counter a recession, said William Dudley.
8@eight: ASX set to open lower; RBA day
The local sharemarket is poised to open lower as firming bets on a December rate hike saw Wall Street slide, while it's RBA day.
Small Business
'I've got some scary figures in front of me'
Small businesses may bear the brunt of South Australia's blackout.
Expecting $1.5 million annually from... garbage
People are motivated to help the environment if it doesn't cost them very much, finds this young entrepreneur.