Federal treasurer Joe Hockey will have around $4 billion in the government’s coffers come next month’s budget thanks to a recent recovery in the price of iron ore, according to one leading economist. By Eloise Keating
Discount deals site Spreets must pay a fine of $600,000 to the Australian Competition and Consumer Commission for making false or misleading representations to consumers, the Federal Court has ruled. By Cameron Magusic
When Emma Lovell pitched her business to the judges on Shark Tank she asked $50,000 for 10% of Flybabee, a company that designs and manufactures pop-up canopies for airline bassinets and baby strollers. By Eloise Keating
Public broadcaster SBS has acted swiftly to sack an employee it says breached both its code of conduct and social media policy by making “highly inappropriate and disrespectful” comments on social media. By Eloise Keating
Calls for real estate agents to avoid holding “disrespectful” auctions on Anzac Day fell on deaf ears for some some realtors at the weekend, as buyers eagerly turned out to buy up at a reduced number of auctions across the country. By Kirsten Robb
Melbourne-based telecommunications provider M2 has reportedly outbid TPG Telecom by $100 million for the acquisition of internet service provider iiNet, creating a potential bidding war between the two rival telcos. By Kirsten Robb
Many product companies have fallen prey to the ‘race to the bottom’ mentality because they have not changed their selling ways and cannot position themselves beyond selling product and price. By Sue Barrett
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