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South32 CEO Graham Kerr at the company's 2016 AGM.

South32's South African coal operations to go stand-alone

The diversified mid-tier miner South32 has announced plans to spin out its South African coal operations, revealing it would operate South Africa Energy Coal (SAEC) as a stand-alone business from April next year and that local ownership of the business would rise.

Gains for the ASX were crimped by Telstra losses.

Macquarie's milestone cheers ASX

Shares started the week on a positive note on Monday, with Macquarie shares jumping over $100 for the first time, although losses for Telstra worked to limit upside.

Shares were set for a flat start.

Markets Live: Macquarie offsets Telstra

Shares started the week on a positive note on Monday, with Macquarie jumping over $100 for the first time, although losses for Telstra worked to limit upside.

eredith will pay $US18.50 a share for Time Inc, publisher of once-premier titles including Time, Sports Illustrated and ...

Time Inc sold to Meredith, Koch Brothers

Time Inc says it had sold itself to Meredith Corp, in a deal backed by Charles G. and David H. Koch, the billionaire brothers known for using their wealth and political connections to advance conservative causes.

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