Companies
Ten’s future grim amid funding uncertainty
TEN Network’s future is hanging in the balance, faced with a bleak outlook and grim television advertising market.
Coles caught in the slow lane
SALES growth at supermarket group Coles is grinding to a halt as old enemy Woolworths and newer insurgent Aldi pile on the pressure.
Japan Post’s $4.9bn Toll
JAPAN Post has plunged into the red after writing billions of dollars off the value of Australian logistics heavyweight Toll Holdings.
Deborah Thomas quits CEO role
DEBORAH Thomas, the boss of the company behind the Dreamworld theme park, is handing the reins to the former finance chief of Channel Nine.
Tatts in fresh tug of war
TATTS shares have climbed after a US investment titan rejoined the hunt to buy the Aussie lotteries and wagering group.
Myer saves Marcs, David Lawrence
MYER has come to the rescue of collapsed fashion labels Marcs and David Lawrence, but the future is still unclear for employees of the brands.
BHP told to dump ASX for London
BHP Billiton should dump the Aussie stock exchange as its primary home in favour of London, a big US investor says.
Woolworths class action bid
A LAW firm is preparing to launch a class action against Woolworths, saying it failed to keep investors up to speed about its performance.
Rio Tinto backs tax cut campaign
MINING titan Rio Tinto has revealed it paid $US500 million less tax last year, while backing the Federal Government’s plan to cut the company tax rate.
CommBank’s ‘secret’ link to coal mine
GREEN groups have their sights set on the Commonwealth Bank after documents revealed a link between them and the controversial Adani coal mine.
SMH, Age staff on strike for a week
THE Age and Sydney Morning Herald journalists have voted to strike for a week after Fairfax Media said one in four editorial staff would lose their jobs.
Why Big W is struggling against Kmart
WHILE Woolies has been focused on its supermarket war with Coles, Big W has suffered. And it could take years for it to recover.
Did Colbert’s rant go too far?
COMEDIAN Stephen Colbert has been slammed over a jaw-dropping attack on Donald Trump that some say should get him sacked.
CNN bans pro-Trump ‘fake news’ ad
DONALD Trump’s supporters are accusing CNN of censorship for not airing an ad branding the network “fake news”.
Aussie milk giant ‘should be ashamed’
AUSTRALIA’S biggest milk producer “should be ashamed” for causing hundreds of job losses through poor management and recklessly low prices.
Banks rake in fat profits
THE big four banks have collectively raked in a whopping $98 million since they hit both owner occupiers and investors with out-of-cycle rate hikes and more are expected to come.
Zumbo accused of ‘ripping off workers’
AUSTRALIA’S self-styled Willy Wonka, Adriano Zumbo, is facing claims his company has repeatedly failed to pay his workers.
Channel 10 shows could be cut
AFTER the network announced a net loss of $232 million last week, viewers are wondering which of its shows are the true Survivors.
Theranos settles $127m lawsuit
THERANOS has settled a legal battle with a hedge fund which invested $127 million in the disgraced blood testing company through “a series of lies”.
Cheap milk row shuts factories
HUNDREDS of jobs are expected to be lost with Australia’s largest milk processor Murray Goulburn announcing it will shut three factories.
Woolworths warns of higher prices
WOOLWORTHS has continued to power ahead of Coles but warned of higher prices to come, particularly in meat and produce.
ANZ posts massive $3.4bn profit
ANZ has unveiled a massive half-yearly profit of $3.4 billion, up more than 20 per cent on last year as Australian banks continue to rake in the dough.
Public holiday sparks farcical scenes in Woolies
SHOPPERS furious after Labour Day holiday turns Brisbane’s only 24-hour Woolworths into a massive queue.
What Chinese investors are really buying
CHINESE investment in Australia rose to $15.36 billion last year — the highest since its 2008 peak. But what they were spending on may surprise you.
Number that should worry Amazon
AMAZON is facing an uphill battle to take on Coles and Woolworths in the grocery market, if this statistic is anything to go by.
Uber boycott call being ignored
PEOPLE are using ride-sharing app Uber in growing numbers despite claims it has spied on passengers and a boycott call launched.
Jetstar hits back at ‘worst airline’ claim
LOW-cost carrier Jetstar has hit back at claims it is the worst airline in the world, saying the research by consumer watchdog Choice has no credibility.
Odd logic behind shrink-wrapping
WE’VE all seen them in the supermarket — the single vegetable wrapped in plastic. Believe it or not, it’s nothing to do with freshness.
‘Massive’ retail giant is coming
ANALYSIS: Amazon is coming to Australia, and if these projections are correct, it’s arrival is going to be massive.
Surprising thing Aussies investing in
ORDINARY Australians are putting their money into a surprising new asset, investing $24 million in the last six years.
