Holden opens a Pandora's box for Hockey
The government's decision to end its General Motors relationship steers Australia in a new direction. It's a bold move that will only work if capital is allowed to flow to our competitive sectors.
Holden's eight hard lessons for Abbott
Tony Abbott and Joe Hockey have yet to understand the implications of helping drive General Motors out of Australia. It will leave the nation with deep scars, and Bill Shorten with a powerful political weapon.
How do futurists predict the future?
Predicting the future of technology is a mysterious craft. Extrapolating on existing trends is often a safe bet, but the near constant invention of new technologies makes even the most educated long term forecast shaky.
Scoreboard: Budget bummer
Global markets slipped overnight as the US budget deal increased taper expectations.
Rio exceeds $2 billion savings target
Miner focussed on paying down debt; mulling Pilbara expansion.
DataRoom AM: Foreign turnaround
Yanzhou has been given the all-clear to maintain its Australian investments, while Saputo may be asked to cough up more for Warrnambool Cheese & Butter.
Asset managers could blow us all up
By lending longer and riskier in emerging markets, yield-hungry asset managers could spark the next round of global illiquidity. The consequences could be devastating.
NBN's new Mr Fix-It
Vodafone Australia boss Bill Morrow's reported appointment as NBN Co CEO is an astonishing move that adds a new dimension to the NBN strategic review and Vodafone's future.
Stokes to strengthen grip on Seven
Kerry Stokes is likely to increase his stake in Seven Group Holdings without spending a cent, showing one-time nemesis James Packer he is still the master of powerbase consolidation.
City Tatts redevelopment aims high
The retail fortress of Pitt Street is to get a makeover with a tower comprising a 100-room hotel, more than 200 apartments, restaurants and a new City Tattersalls Club.
CBD
Living national treasure Clive Palmer might be able to add "Good Samaritan" to his list of achievements next year, with beatification surely just around the corner.
Holden's future was in her hands
Just hours after Holden's parent, General Motors, made history by naming Mary Barra as the first woman to ascend to the top job at a global car company, it pulled the plug on manufacturing in Australia.
Broadcaster refinances
Southern Cross Media has reached a deal with lenders to refinance $765 million of debt, as it tries to bring down its gearing. The broadcaster said the five-year debt facility included improved commercial terms and financial covenants. The facility will be funded by ANZ, NAB and Commonwealth Bank, as well as the Japanese banks Sumitomo and Mizuho.
Struggling Vodafone asks for rent cut
Vodafone is pleading with retail landlords around Australia to cut the rent on its stores as it struggles to contain more than $1.3billion in financial losses.
Dexus lobs improved $4b offer for CPA
Dexus Property Group has landed its expected sweetened offer for Commonwealth Property Office Fund (CPA) in a bid to dislodge the rival GPT Group's offer.