Activist shareholder Elliott Management will be emboldened to pursue other demands it thinks necessary for BHP to clean up its act.
Elizabeth Knight comments on companies, markets and the economy.
Fortescue's generosity to shareholders marks the final stage in its evolution from a highly speculative upstart to a mature company with reliable positive cash flow.
Australia's retail and video streaming companies should be shivering with fear at Amazon's latest earnings result.
Coca-Cola's supermarket problems look set to deepen after Coles chief executive John Durkan warned the drinks giant's Mount Franklin water products risked being cut back on its supermarket shelves.
For all those punters panicking about the prospects of an interest rate increase, the latest inflation data should allow them the opportunity to chill.
One could be forgiven for thinking there was something sinister going on.
The only thing preventing an even more catastrophic fall in Myer's share price is Solomon Lew.
Regardless of the series of body blows that Myer announced on Thursday, chief executive Richard Umbers is sticking to the transformation plan.
The banks and their shareholders exhaled a collective sigh of relief when the financial regulator pronounced that they were pretty damn close to being 'unquestionably strong'.
Ellerston Capital, the investment company in which Packer retains a 25 per cent stake, has emerged with more than 5 per cent of Star.