Secrets add to ABC woes
Amid messy records at ABC Learning, investigators have uncovered a series of related-party transactions.
Investor focus on Fairfax
DAN OAKES | Investors eye Fairfax Media board after equivocal market response toCEO's resignation.
How Kirk sounded his own death knell
ARI SHARP |
Merger added to debt without broadening its offering beyond the relatively low-growth newspaper business.
Companies felled by troubled times
RUTH WILLIAMS | Insolvencies and company administrations have jumped by about a third in the past year.
- Oil has long way to slide as China demand dries up
- Qantas merger plan may be stalled on the runway
- A taxing fantasy that could swamp reality
- ANZ chimes in with more job cuts
- Westpac scores coup over NAB
- Fortescue ends shipping deals
- 'No recall' of Hardie option
- New Hope lifts profits
- VicForests looking to better times
- Legislation passed to control short-selling
- ING's trusts in major overhaul
- More Business News and Views
| ASX 200 | 3489.9 | -42.5 | -1.2% |
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| CAC | 44.21 | -0.81 | -1.80% |
| Nasdaq | 1426.58 | -18.98 | -1.31% |
| Hang Seng | 13846.09 | 336.31 | 2.49% |
| NZ 50 | 2706.721 | -23.961 | -0.88% |
Data delayed by 20 mins.
News Wire
8:03PM Oil at four-year lows
7:00PM Some financial products shining in gloom
6:39PM Low airfares a Xmas gift for travellers
Markets ASX Indices | ASX Top Movers | GICS Industries | Currencies
Shares cap a losing week
4:16pm |
Aussie shares sag at the finish, capping another big losing week for the market .
World Business
Record US budget deficit tipped
1:08pm |
Payments from the Wall Street bailout fund and slumping tax revenues will ensure a record federal budget deficit.
General Motors on the brink
US lawmakers are told General Motors may fail this month if they don't give the cash infusion the company seeks.
Comment & Analysis More Comment & Analysis
Crunch time for Fairfax
MALCOLM MAIDEN |
Unusual measures are called for in atypical times as media company earnings take a hit and boards come to terms with the economic downturn.
- Ross Gittins Warning signs in place before global meltdown
- Toby Norgate Dogs are barking for some reform
- Russel Howcroft Journalism and advertising - a strained marriage
- Tim Colebatch Stimulus needs precise priorities
- Ari Sharp How Kirk sounded his own death knell
- Marcus Padley As luck would have it, a gamble might just pay off
- More Comments & Analysis
Small Business Business Unzipped | Starting | Growing | Managing
Billabong stocks plummet
Surfwear retailer gets hammered after cutting profit outlook.
Money Planning | Investment | Banking | Property | Superannuation | Tax | Tools
Hot or cold but never just right
A year ago Australia boasted a Goldilocks economy - not too hot and not too cold.
