Business
Companies
Cannon-Brookes boost as super fund HESTA to vote against AGL coal split
The $68 billion superannuation giant HESTA has confirmed it will reject AGL’s controversial demerger when it goes to a shareholder vote next month.
- by Nick Toscano
Latest
Coal, gas tipped to live on despite Labor’s climate push
Australia’s coal and gas exporters are expected to face higher hurdles to develop new projects and stricter emissions limits under the Labor government.
- by Nick Toscano and Mike Foley
Snapchat owner sends $190b shudder through Wall Street
It was a day of carnage for social media stocks on Wall Street after Snap drastically cut its revenue and profit forecasts.
- by Sarah Frier and Kurt Wagner
Archibald heist: Deloitte staffer allegedly stole from Gutnick firm to fund art spree
Creditors in Diamond Joe Gutnick’s company were refunded after Deloitte discovered its staffer had taken $3 million from various groups to buy an incredible cache of contemporary Australian art.
- by Sarah Danckert
Updated
Mergers & acquisitions
‘Now is the right time’: Virgin and Qantas ink deals ahead of travel boom
The bosses of both Qantas and Virgin are hoping to get an edge in the post-pandemic travel boom.
- by Jessica Yun
Mauled: Part of Box Hill centre knocked down to make way for towers
The $8.5 billion landlord will start work on a 51-storey apartment tower, 25 level office and new town square.
- by Simon Johanson
Opinion
Aviation
‘Earn and burn’: Why Qantas wants to become a package tour operator
With money pouring into a new fleet, new routes and now curated package holidays, Qantas is spending its way back to growth.
- by Elizabeth Knight
Facebook’s Australian tax bill just $24 million as profits double
Facebook Australia funnelled nearly $1 billion in local advertising revenue to an international subsidiary.
- by Zoe Samios
Opinion
Billionaires
‘Party of hate’: Why Silicon Valley’s rift with the White House is growing deeper
Once-strong ties between US Democrats and Silicon Valley, the new heart of American corporate power, have broken down.
- by James Titcomb
Farmers want clarity from Labor on path to net zero: Elders CEO
Elders boss Mark Allison wants the new federal government to help farmers “get on” with the job of cutting emissions.
- by Jessica Yun
Opinion
Casinos
Star Entertainment a sitting duck as it sinks into governance void
The casino operator is now just a hasty patchwork of interim executives, cobbled together to run a $3 billion company that’s increasingly vulnerable to an opportunistic takeover.
- by Elizabeth Knight