ASX wilts as BlueScope shares torched

• 41 mins ago

Shares suffered a dour start to the trading week as BlueScope became this earnings season's latest victim, while selling in Telstra and CSL also weighed on the ASX.

ASX winners and losers - a snapshot

• 54 mins ago

The stand out listings traded on the ASX captured at key moments through the day, as indicated by the time stamp in the video.

Iron ore to remain Fortescue's core business

Fortescue chief executive Nev Power on his company's earnings and peformance and his outlook on iron ore.

Vocus plunges as private equity bidders walk away

Telecommunications group Vocus has terminated talks with private equity firms Kohlberg Kravis Roberts (KKR) and Affinity Partners, both of which were offering $3.50 a share for a full takeover.

'Minding its own business': Tiki torches tries to move on from Charlottesville

After its bamboo torches were co-opted by white nationalists during recent violent rallies in the US, Tiki Brand is fighting back.

Home sales and prices pick up pace

House prices rose across most capitals in the past week and the number of auctions resulting in a sale continued to climb.

Unions take on All Trades Queensland over apprentice wages

Australia's largest employer of apprentices has mounted another legal challenge to keep Queensland-based trainees the lowest paid in the country.

ACCC bares teeth at telcos for 'frankly terrible' NBN advertising

Internet providers should "immediately" change their advertising for National Broadband Network speeds, according to new guidance issued by the competition watchdog.

BlueScope Steel announces profit

Steel producer BlueScope Steel annouces a 102 per cent profit on its 2016 year, but warns an increase in energy prices could undermine costs and productivity improvements.

New Zealand and digital billboards help APN deliver growth

APN Outdoor has reported another increase in revenue as it upgrades more billboards to digital and increases advertising sales in New Zealand.

Twiggy's iron ore bet pays off with $460m bonanza

Telstra's retail investors can only look on with envy as Fortescue founder, Andrew 'Twiggy' Forrest, reaps the rewards of his audacious bet on iron ore.

Fortescue profit more than doubles

Iron ore miner Fortescue records a $2.7 billion net profit and rewards shareholders with an increased dividend.

Bluescope's power price shock triggers share slide

• UPDATED

Investors have savaged BlueScope shares after it flagged competition and power prices would hurt its profit at the same time as announcing long-serving CEO Paul O'Malley would retire.

Westpac stressed loans dip despite rise in mortgage delinquencies

Westpac Banking Corp said its stressed assets edged slightly lower during the third quarter, despite a rise in mortgage delinquencies.

'Colossal fraud': Nestle accused of selling common ground water

Nestle SA's Poland Spring Water unit has duped American consumers into paying premium prices for ordinary ground water that's pumped from some of Maine's most populated areas, rather than from natural springs as the company advertises, according to a lawsuit.

Iron ore price exceeding expectations

The price of iron ore leaps higher due in part to the changing dyamic of the steel industry and ongoing reforms of manufacturing plants in China.

Fortescue hikes dividend, posts $2.7b profit

Iron ore miner Fortescue Metals Group has more than doubled its net profit, to $US2.1 billion ($2.7 billion) and pledged to reward shareholders with a bigger dividend.

Financially, Australians are worried about pretty much everything

Electricity, health expenses and groceries are the top three issues worrying more than half of all Australian consumers.

$A lifts back above US79c

The Australian dollar is up sharply against its US counterpart amid a slight rebound in risk appetite following US President Donald Trump's firing of controversial adviser Steve Bannon.

8@eight: Flat start in store for ASX

• Sponsored

The ASX set for a flat start to the week after Wall Street steadied on Friday, while reporting season continues on in earnest.

Better listening can reduce economic cost of hearing impairment

It took Julia Gilchrist 10 years and 200 job applications to finally get work that used her skills and gave her long-term career prospects.

'Irrational': China's crackdown set to affect our property market

The Chinese government has officially put the brakes on Chinese companies pouring big money into overseas property development, issuing rules likely to have a significant impact in Australia.

Why chasing KPIs can be bad for business

• COMMENT

Use metrics as a substitute for thought rather than as an aid to hard thinking and there's a high chance it'll bring you undone.

Here's one way to get more women promoted

The Google memo was "deeply biased" says EY's Uschi Schreiber but there's more systemic issues on gender inequality.

Hope yet for economy despite dark days

• COMMENT

There is still good reason to expect wages growth will pick up.

Xinja seeks up to $15 million amid push for start-up banks

Xinja, which hopes to lead a wave of new digital start-up banks, says moves to relax the strict licensing regime for the industry are already making investors more willing to back small challenger banks.

Focus shifts to miners as BHP, Fortescue report

A vast improvement in BHP's results for fiscal 2017 compared to the previous year is expected to be among the highlights of a frenetic few days of reporting season this week, as the focus shifts gear to mining.

Gusmao to lead East Timor's $50b battle with Australia

The hero of East Timor's independence, Xanana Gusmao, will continue to lead his country's sensitive negotiations over maritime boundaries with Australia.

Ariadne drops bid for four board seats

Rebel shareholder Ariadne Australia has stopped pushing for four board seats at rival Ardent, with property developer Kevin Seymour and US-based Andrew Hedges withdrawing their nominations.