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    Companies

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    AAP newswire 'begins its next chapter' as sale finalised

    AAP newswire 'begins its next chapter' as sale finalised

    The future of the 85-year-old newswire is assured with the inking of a sale to new owners who say they are driven by a desire to retain Australian media diversity.

    Latest

    Swimwear brand Seafolly collapses due to 'crippling' COVID-19 crisis
    Retail

    Swimwear brand Seafolly collapses due to 'crippling' COVID-19 crisis

    Major Australian swimwear brand Seafolly has become the latest retail victim of the coronavirus pandemic, with the company appointing voluntary administrators on Monday.

    • by Dominic Powell
    Jumbo locks in Tabcorp lotto deal but fees sting investors
    Gaming & wagering

    Jumbo locks in Tabcorp lotto deal but fees sting investors

    Online lottery ticket retailer Jumbo Interactive has extended its resale agreement with gambling giant Tabcorp until 2030 but will pay new fees expected to crunch its earnings in the short term.

    • by Patrick Hatch
    We will need to learn to live with the virus, says new Ampol boss
    Energy

    We will need to learn to live with the virus, says new Ampol boss

    The newly-appointed boss of Ampol has said surges in the number of COVID-19 cases will be a necessary part of getting the economy back on its feet.

    • by Dominic Powell
    Pint-sized airline challenger Rex looks to enter the big league
    Opinion
    Aviation

    Pint-sized airline challenger Rex looks to enter the big league

    The regional airline has gone from cash strapped one day to expanding the next as it takes on Qantas and Virgin with city flights.

    • by Elizabeth Knight
    Crunch point: A US energy giant files for bankruptcy - and an industry shudders
    Opinion
    Oil

    Crunch point: A US energy giant files for bankruptcy - and an industry shudders

    Chesapeake Energy was a trailblazer that helped make the US the world’s biggest oil producer and transformed the global energy market. Its fall shows just how fragile the sector is.

    • by Stephen Bartholomeusz
    Advertisement
    Regional Express moves ahead with Sydney-Melbourne-Brisbane flight plan
    Aviation

    Regional Express moves ahead with Sydney-Melbourne-Brisbane flight plan

    The regional airline is pushing ahead with plans to take on Qantas and Virgin Australia in the lucrative "golden triangle" between Australia’s three largest cities.

    • by Patrick Hatch
    Billionaire investor under pressure to prove he has not lost his Midas touch
    Investing

    Billionaire investor under pressure to prove he has not lost his Midas touch

    A string of humiliating failures has left swashbuckling SoftBank billionaire Masayoshi Son scrambling to repair his tattered reputation.

    • by Hasan Chowdhury
    Boeing gets green light for test flights of its troubled 737 Max
    Boeing crisis

    Boeing gets green light for test flights of its troubled 737 Max

    The test is a pivotal moment in Boeing's worst-ever corporate crisis, long since compounded by the novel coronavirus pandemic that has slashed air travel and jet demand.

    • by Eric Johnson and David Shepardson
    US energy giant Chesapeake pushed into bankruptcy by pandemic
    Coronavirus pandemic

    US energy giant Chesapeake pushed into bankruptcy by pandemic

    The pandemic-driven spectacular collapse in energy demand has claimed one of its biggest victims.

    • by Dawn McCarty, Olivia Rockeman and David Wethe
    'Significant impact': Facebook's Zuckerberg in a bind as advertisers head for the exits
    Media & marketing

    'Significant impact': Facebook's Zuckerberg in a bind as advertisers head for the exits

    The list of advertisers deserting Facebook over its failure to stop inflammatory content could 'spiral out of control' say analysts, increasing the pressure on the company and its chief.

    • by Kurt Wagner