Companies
Coles captain in $10m pay deal
THE new boss at the parent company of Coles will get less pay than his predecessor — but can still earn more than $27,000 every day of the year.
Westpac: Here’s how much we’ll pay ...
UPDATE: WESTPAC has become the first of the big banks to officially estimate the hit it will cop from the federal government’s new slug.
Wesfarmers scraps Officeworks float
WESFARMERS has dumped plans to spin off Officeworks in a $1.5 billion float, saying it would not be in the best interests of investors.
Trim, taut BHP to muscle up
BHP chief Andrew Mackenzie says the mining titan is well placed to grow its value by half through ongoing cost cutting, productivity gains and well-targeted investments.
She’ll be apples: Coke’s SPC revival bid in train
COCA-Cola Amatil has warned its fruit cannery business, SPC Ardmona, is taking longer than expected to return to profitability.
BHP returns to roots in name change
MINING giant BHP Billiton will drop the Billiton tag from its name and launch a major rebranding exercise which aims to underscore the miner’s Big Australian roots and modern global reach.
Oroton shares in trading halt
OROTON shares are in a trading halt after the struggling luxury handbag retailer warned its earnings slipped last month.
Slater to launch $1bn suit over dud British deal
STRICKEN law firm Slater and Gordon is planning to launch a $1 billion claim for fraud against the company that sold it an ailing British business.
Westpac unveils $4bn cash profit
WESTPAC has reported an interim cash profit of $4.017 billion in what CEO Brian Hartzer has described as a ‘complex’ banking environment.
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.
Red Rooster’s chicken and chips gamble
YOU either love it, hate it, or gobble it down in the car. Red Rooster is about to take a massive punt on our love of fast food.
How $6 million can disappear
LEO Mauro worked for nearly 60 years to build up his business and life savings, only to have it wiped out with a flick of the pen.
Corrupt MP jailed for 7 years
CORRUPT former NSW Labor minister Ian Macdonald has been sentenced to at least seven years in jail.
JB Hi-Fi’s massive catalogue fail
ELECTRONICS giant JB Hi-Fi made a massive blunder in its latest catalogue, giving an item a very questionable name.
Look closer at your Tim Tams
CHOICE’S war on labelling has turned its attention to Tim Tams. The group says biscuit lovers might be shocked by the fine print.
‘I don’t mind being called a whore’
JULIE Bates has a lot of sex. Heaps. With a lot of different people. And she really couldn’t care less what you think about it.
Spaghetti no longer our national dish
MOVE over spaghetti bolognese and roast chicken, Australia has a new national dish, according to supermarket giant Coles.
Men probing Ivanka’s shoes go missing
TWO men investigating a company that produces Ivanka Trump-branded shoes have gone missing while another has been arrested.
‘Gender pay gap’ discount a success
A TRAVEL company which offers female customers a 16 per cent “gender pay gap” discount says only “men’s rights activists” have complained.
Is this the death of shopping centres?
SHOPPING malls could turn to ghost towns with predictions massive complexes could shut their doors in just 10 years time.
Where’s the outrage over Etihad?
THE marriage equality lobby says it does not think Etihad Stadium should be renamed, despite harsh anti-homosexuality laws in the United Arab Emirates.
Coles throws down $150 challenge
COLES has challenged its suppliers to try feed their families for $150 a week, as it warns any cost increases “will not just be waved through”.
Christensen’s crafty vow on penalty rates
REBEL National George Christensen has launched a bid to protect penalty rates that are set to be reduced on July 1 and he’s prepared to cross the floor to back it.
Subway ‘fake chicken’ claims ‘fair’
A BROADCASTER is standing by a controversial story which claimed Subway poultry products were less than 50 per cent chicken.
A big hand up for the small guy
EXCLUSIVE: OUR largest companies will be audited to check they are paying bills within 30 days, to stop small businesses collapsing while waiting to be paid.
World media digests ‘Ganja Queen’
IN AUSTRALIA, she has achieved such fame in the past 13 years, she barely needs a surname. Outside the country, it’s a different story.
Busted ‘looking for’ Marvel discs
A WOOLWORTHS checkout operator has been filmed looking for rare Marvel Hero discs so sought after by Aussie kids.
Giant in strawberry field in a jam
A RENOWNED strawberry researcher is in a jam for stealing juicy secrets from his university to make a profit in the private sector.
Topshop’s $90 million fashion mistake
ONCE the epitome of cool, Topshop has gone into administration. What went wrong at the British-born high street chain?
Uber ‘Ponzi scheme’ will collapse
UBER has been described as a “Ponzi scheme” that has a “99 per cent chance” of collapsing within a decade by one veteran investor.
