Reporter for The Age
Tabcorp has accused the competition watchdog of being "not connected to reality" in an strong-worded response to concerns raised about the gambling giant's planned takeover of fellow wagerer Tatts Group.
Myer boss hit backs at claims that Amazon will devastate its business, saying it was not clear what the online retail juggernaut would offer in Australia.
Australian retailers will cut the price of electronic goods by about 10 per cent to remain competitive, market analysts say.
Myer says the challenging retail environment, Cyclone Debbie and offering fewer discounts all crunched its sales last quarter, with revenue across the department store falling by more than $20 million.
Senator Derryn Hinch has called for the Australian Federal Police to investigate a leak that led to $14 billion being wiped off banking stocks in the hours before the federal budget.
Murray Goulburn said 360 workers would lose their jobs when it closed facilities in Edith Creek, Tasmania, and Rochester and Kiewa in Victoria.
Luggage and handbag chains Victoria Station and Kate Hill have appointed administrators, putting hundreds of jobs in doubt.
Despite the antics of key characters, suddenly everyone wants in on the legal cannabis industry.
Billionaire Kerry Stokes' fortunes have been bolstered by a strengthening Chinese economy that has boosted demand for heavy machinery.
Soft drink giant quietly dropped the brand after spending millions trying to launch the beverage.
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