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Seven West's Tim Worner pays bonus penalty after affair

Tim Worner and Amber Harrison were at the centre of an ugly court battle.

While Amber Harrison has been forced to launch a public appeal to avoid bankruptcy over her legal battle with Kerry Stokes' Seven West Media, it looks like her former lover - Seven West chief executive Tim Worner - might be paying a more modest financial penalty.

'Aussie' John lines up final withdrawal

Illustration: John Shakespeare.

Aussie Home Loans founder John Symond will be making out like a bandit – again – as he sells his remaining 20 per cent stake in the mortgage broking business to the bank, which could yield a $100 million-plus pay day.

McBain finds new recipe for success

Ilustration: John Shakespeare

The recipe is simple. Add former Bellamy's boss, Laura McBain, to a 48 per cent stake in Maggie Beer's food business and watch the latest ASX sensation emerge.

Macquarie's Renaissance man Nic Moore cooks up a treat for investors

Illustration: John Shakespeare.

When the Medici family, who invented modern banking, wanted to intimidate rivals they did it with food. Sumptuous banquets that displayed their wealth and power. Nic Moore's Macquarie Group might have been taking a leaf out of the Medici book at Thursday's shareholder meeting.

180 jobs lost as Rowsthorn's salvaged business collapses

End of a fairytale: McAleese chief Mark Rowsthorn had hoped to restore most of the transport group from administration.

Melbourne businessman, Mark Rowsthorn, salvaged most of the McAleese Group from administration in February. But 180 staff are about to lose their jobs after one of the businesses in the rescued group, Australian Road Express (ARX), gets wound up by receivers.

'Pompous old farts' get better of Fletcher chief

Illustration: John Shakespeare

There has been carnage across the ditch where New Zealand's biggest construction group, Fletcher Building, announced its second profit downgrade in a matter of months despite the country experiencing a building boom.

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