Today's Business News & Views

"We’re not going to call it feta because it’s not feta," says Julie Cameron from Meredith Dairy.

Better not to call it feta: Farmers find dropping name whey to go

1 hr ago

About 10 years ago, Julie and Sandy Cameron from Meredith Dairy made a pre-emptive call about their cheese products that looks increasingly wise.

Henderson Maxwell chief executive Sam Henderson

FPA tried to protect celebrity planner Sam Henderson's reputation

The FPA urged the royal commission to keep the identity of celebrity planner Sam Henderson confidential, partly in an attempt to protect his reputation.

Department stores are feeling the bite of sluggish sales

Myer and DJs falling sales hit retail landlords

Department stores are weighing on the results of their landlords, with sales contributions in the red for the three months ending March 31.

Being grilled about his company, Dover's boss collapses

Just as Dover's consumer protection document was labelled "Orwellian" and "misleading" in nature by Counsel Assisting Peter Costello, Dover's boss Terry McMaster collapses in the dock at the royal commission.

An artist's impression of a similar station in South Australia

AGL to build new gas-fired power plant in NSW

AGL will build a $400 million gas-fired power plant near Newcastle, NSW to replace the Liddell coal-fired power station.

Healthscope has become a takeover target.

Healthscope gives $4.11 billion bid a cool reception

The proposed deal features a new approach from the nation's biggest super fund.

Terry McMaster leaves the Federal Court with the aid of paramedics after collapsing while being questioned.

Dover boss collapses at royal commission

The banking royal commission has stopped proceedings after a key witness, the head of Dover Financial Terry McMaster, collapsed while giving evidence.

Telstra has already refunded customers $5 million over its billing arrangement.

Telstra ordered to pay $10 million after misleading billing charges

Telstra has been ordered to pay a $10 million penalty after its billing charges potentially misled more than 100,000 Australians.

Treasurer Scott Morrison delivers his pre-budget address to the Australian Business Economists luncheon in Sydney on ...

Tax cuts for low and middle earners as budget takings soar, says Scott Morrison

Middle to lower income Australians will be the biggest beneficiaries of the tax cuts in next month’s budget, Treasurer Scott Morrison has confirmed.

The market finished lower as the major banks fell.

Major banks lead ASX fall

The major banks have led the ASX lower as the fallout from the royal commission hits the financial services industry.

News Corporation Australasia chairman Michael Miller told staff conversations had begun to potentially sell some ...

News Corp in talks to sell some local and community titles

News Corp has entered into discussions to sell some of its community and regional mastheads.

ASX futures are signalling a positive open for the market.

Markets Live: Major banks weigh ASX

Live

The Australian market has closed lower as the major banks weighed the index.

ASX winners and losers

AMP chairman Catherine Brenner is under pressure.

Shareholders amp up pressure on AMP board

Powerful voting blocs are lining up against the re-election of directors and the proposed remuneration package at the annual general meeting next month.

UBS said data uncovered by the royal commission raised "concerns" about the quality of Westpac's mortgage portfolio.

Banks dive as UBS raises home loan concerns

Investors have wiped $9.1 billion off the combined market value of the big four banks, amid fresh concerns about the quality of their lending practices.

Middle-income households are living in poverty because of banking practices.

New type of poverty hurting middle class

OPINION

Australian banks have adopted lending practices that claim so much household income for repayments that borrowers are left without enough money to fund basic consumption levels: they are living in poverty.