Judge blasts payment plan for Crown’s $450m fine
A two-day hearing has begun in the Federal Court to approve a $450m fine slapped on Crown Resorts over countless historic money laundering breaches.
Companies
Flu trumps Covid as Australia’s top health concern
Australians are worried more about catching influenza this year than Covid-19 as the winter respiratory virus season hits its peak, according to US biotech giant Moderna.
Malouf’s superyacht business merges with Ray White Marine
The billionaire dial-a-dump founder is buying into a business that also sells luxury boats in Australia and New Zealand as well as leasing individual yacht berths and marinas.
Real housing stress is rising in the shadows
One of the biggest warning signs around housing stress quietly flicked to amber in recent days. And it wasn’t inside the banks.
Pizza Hut’s plan to topple Domino’s
US chain Flynn Restaurant Group is prepared to step up its investment in Pizza Hut’s Australian arm, backing local boss Phil Reed in his challenge to market leader Domino’s.
‘Ticking time bomb’ threat in betting ad ban plan
A ban on betting ads looms, but a recommendation to ban bonus bet and odds boosts offers, along with other inducements, could be an even bigger hit to racing and the wagering industry.
Fortis site hit by collapse of builder
The builder for the Fortis flagship restoration and rebuild of Gaden House in Sydney’s Double Bay has filed for liquidation after a sudden failure last week.
Daigou market still critical, says Bubs challenger
Australian infant formula brands lost millions of dollars from the collapse of the daigou market, but ex-A2 Milk boss Peter Nathan says it would be foolish to ignore Chinese resellers.
Labor restricts $2bn seed fund to ‘large’ hydrogen projects
The government’s plan to spend billions creating a new energy industry faces criticism as stringent rules for what projects are eligible for cash is revealed.
Viva’s bid to win over ACCC in $1.15bn OTR deal
Viva Energy is offering to sell most of its Coles Express sites in Adelaide in order to win ACCC approval for its $1.15bn acquisition of the OTR chain.
Why gold always glitters for mining legend
Decades after running mining companies, Ron Manners, 87, is now pursuing his passion for free market economics. But nothing will compare to pouring his first gold bar.
20 Aussie AI companies to watch
While GPT4 dominates the headlines when it comes to artificial intelligence, there’s plenty of AI work going on in Australia. We’ve looked at 20 of the emerging bright lights.
Snowy Hydro close to contract with WeBuild
An agreement between Snowy Hydro and WeBuild is close as the two parties work through compensation claims by the Italian developer of more than $2bn.
Why big business is staying silent over Voice debate
Business should have a legitimate say on both sides of the referendum debate without the fear of political or social blowback.
Bubs to spend upwards of $1m on China registration
The goat milk-focused formula company says it’s a costly and risky task with no guarantee that it will gain Beijing’s approval.
Cbus upgrades returns as recession odds grow
Rebounding from losses in the last financial year, Cbus super fund beat rivals despite property headwinds and new fears about the economy.
Magellan suffers another large funds outflow
The once high-flying global funds manager reported a net outflow in funds under management of 35 per cent, or $21bn, in the last year.
The Aussie-owned Scotch launching at $95k a bottle
Bladnoch’s inaugural ultra-rare collection of whiskies will include a 1966 release of 15 bottles known as the McClelland.
The big themes shaping Australia’s $300bn fund
Australia’s biggest pot of investment funds is quietly reshaping its vast investment portfolio to navigate a choppy year ahead.
Starlink and beyond for Telstra
The nation’s largest telco has its eyes on additional satellite providers as it prepares for a future in which handsets connect directly to satellites.
Original URL: https://www.theaustralian.com.au/business/companies/page/192