Fairfax confirms Domain spin-off as profits rise

The results come as Fairfax prepares to separate its real estate classified site Domain and list it separately on the stock exchange. Fairfax is expected to keep a controlling stake - up to 70 per cent - which would ensure it captures the profits if earnings continue to increase at the same pace.

Pot stocks rocket higher

Medicinal marijuana stocks soared after the Federal Government pledged to loosen importation laws in a bid to boost supply for patients.

It's what they wanted, but it hurts

• COMMENT

Low wage growth is what the Coalition wanted. Within weeks of being sworn in as employment minister in 2013 Eric Abetz warned "weak-kneed employers" not to cave in to unreasonable demands.

Victorian cities faced power cuts to ensure NSW made it through heatwave

• EXCLUSIVE

Ballarat and Bendigo faced losing electricity during the recent great eastern Australian heatwave so NSW could avoid power cuts, underscoring the parlous state of the country's grid.

Coca-Cola to pour $90m into Brisbane as it closes SA plant

Coca-Cola Amatil announced the investment in its Queensland facilities as part of a supply chain restructure, but it was unclear whether the investment would create more jobs at the Richlands plant.

'Potentially catastrophic' flaws of a $44 billion industry

"A simple alteration could deny a claimant millions of dollars and save the company in the process"

Retail rout isn't stifling Stockland

Stockland, one of the country's largest home developers, said the strong residential markets along the eastern seaboard, stable retail sales from its tenants and higher office rents going forward, will underpin its growth in the full year.

Water fight declared as Coca-Cola Amatil under pressure on price

Competition in the increasingly-crowded bottled water market has forced Coca-Cola Amatil to cut the price of its packaged H20.

Health Department begins voluntary redundancy program

The Health Department will axe jobs through voluntary redundancies in a move unions warn could shed 250 positions.

Bega tips higher farmgate milk prices

Bega Cheese has flagged the possibility that dairy processors could start paying farmers more for their milk later this year.

Woolworths goes after the family spend

Woolworths is closing-in on Coles' family shoppers after transforming its billion-dollar investment in price into a record-breaking second quarter sales surge.

Copper fever could heat up Australian miners

Copper prices could soar to $8,000, or $US3.60 per pound, by the end of the decade, Citi analysts believe, suggesting the target as they upgraded their forecasts for a number of producers.

Trump rally helps limit IAG's profit decline

Australia's largest general insurer posted a 4.3 per cent fall in first-half net profit, but that's better than the market expected.

Blackmores crunched by changing path to China

Blackmores' shares shed as much as $13 of their value on Wednesday morning after the vitamins and supplements powerhouse revealed that shifting channels into the all-important Chinese market had crunched its sales and profit.

Surge in Woolies leads ASX higher

A busy day of earnings season saw the market edge cautiously higher, regaining some of the ground it had lost earlier in the week.

Australia leads the world when it comes to millionaire immigrants

Backpackers are not the only ones flocking to our shores in world beating numbers. Australia attracted more millionaires last year than much larger, and wealthier immigration destinations like the US,

Unskilled and unable: Trump's great jobs lie

• COMMENT

For all the turmoil marking the first weeks of President Trump, the big boot is yet to drop. That's when the angry heartland realises the factory jobs aren't coming back, whatever Trump promised.

Markets Live: Investors cheer Woolies

Shares manage to end the day higher, mostly thanks to a stand-out performance from Woolies on a busy day of profit reports, while the Aussie inches up despite some disappointing economic data.

Umpire to announce future of weekend penalty rates

A highly anticipated ruling on whether to slash weekend penalty rates for Australians working in retail, fast food and hospitality jobs will be handed down on Thursday.

'Gallows humour': Milo Yiannopoulos resigns after paedophilia comments

Incendiary commentator who helped make Breitbart News a leading organ of the "alt-right," resigned from the news organisation Tuesday after a video of him endorsing pedophilia surfaced online over the weekend.

Woodside eyes lift to gas processing to feed growth ambitions

Woodside has outlined an ambitious plan which could see undeveloped offshore gas handled at its onshore facilities as it promotes a "Burrup Hub" in the remote north west of the country

Fortescue's 'Twiggy' Forrest gets a $200m payday

Fortescue boss ''Twiggy'' Forrest is set for a multimillion-dollar pay day with the decision of the iron ore miner to raise the dividend amid a surge in earnings.

Big appetite for bonds in record $11b sale

For the third time in less than six months the federal government has sold a record amount of bonds.

Woolworths' grocery 'success' built on $110m bonus spree

• COMMENT

There is a $110 million reason why Brad Banducci's success in Woolworths' grocery aisle is not reflected in the supermarket operator's bottom line.

RBA concerned about high household debt

Reserve Bank Governor Philip Lowe warns high household debt and low wages growth could be a potential risk for the economy. (Vision courtesy ABC News 24)

Woodside raises payout on profit surge

The rebound in oil - and gas - prices helped to propel Woodside Energy's earnings sharply higher in 2016 as it looks to higher output in the year ahead to maintain the growth momentum.

Big W's ugly result spoils Woolies' big day

• COMMENT

As Woolworths celebrated the early signs of improvement in supermarket sales attention turned to the real elephant in the aisle - the ugly loss notched up by Big W and the continued bleeding of its sales.

Optus switches on 4.5G mobile network

Macquarie Park in Sydney is the first suburb getting access to Optus' new 4.5G network, which is capable of 1.03Gbps maximum theoretical download speeds.

Who are the richest of the rich?

There are 2473 billionaires in the world, with a new super-rich created every three days in Asia. Many may seem as ordinary as the guy sitting next to you on the bus.