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Friday, 31 July 2015

Half of Gina Rinehart’s wealth may go to charity; Fair Work scraps Grill’d wage agreement: Midday Roundup

Half of mining magnate Gina Rinehart’s wealth may go to charity if a settlement with her children over access to the family’s fortune goes ahead. by Broede Carmody and Renee Thompson
 

Turnaround specialists Anchorage Capital pick up Elwood retail brand

Fashion brand Elwood is set for a makeover, with private equity outfit Anchorage Capital in the final stages of securing a deal to purchase the brand and its sister label Elka Collective. by Eloise Keating
 

Former Myer boss Bernie Brookes appointed to turn around South African retail giant

Bernie Brookes has been snapped up by one of South Africa’s biggest retailers just two months after stepping down as the chief executive officer and managing director of Myer. by Broede Carmody
 

Prominent Sydney restaurant and bar calls in administrators and blames lockout laws

A high-profile restaurant and bar located in Sydney’s Kings Cross could close its doors next week, with the owner revealing the city’s lockout laws have taken a toll on the long-standing business. by Eloise Keating
 

Friday, 31 July 2015

Ticking time bomb for off-the-plan property investors

Thousands face financial ruin because they won’t be able to settle “off-the-plan” apartments they signed up to buy. by Michael Yardney
 

Removalist company fined $30,000 for allegedly faking online testimonials; Quickflix in trading halt ahead of potential acquisition: Midday Roundup

A removalist company has been ordered to pay penalties of $30,600 following allegations it fabricated customer identities in testimonials posted on its Google+ and YouTube accounts. by Renee Thompson
 

Wednesday, 29 July 2015

Myer drops 100 fashion and homewares brands; Telstra unveils streaming device: Midday Roundup

Myer will scrap around 100 brands from its stores in a bid to streamline its product offering and lift sales growth. by Broede Carmody and Renee Thompson
 

Iconic homestead closed after business operator goes bust

The company that leased an iconic homestead southwest of Melbourne has collapsed, leaving locals concerned about the heritage-listed property. by Broede Carmody
 

Tuesday, 28 July 2015

Joe Hockey to consider “Buffett rule” to tax the rich; Nathan Tinkler buys up 7% of Australian Pacific Coal: Midday Roundup

Federal Treasurer Joe Hockey has said he will consider the “Buffett rule”, which would charge a minimum rate of tax on very high income earners. by Renee Thompson and Eloise Keating
 
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