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Today's News & Views

BoQ to pay $17m to Storm investors

10:18am Bank of Queensland customers caught up in the Storm Financial collapse will receive $17m in compensation from the lender.

Markets

China back in fashion for short-sellers

This month's round of short-selling began with the publication of a report by Anonymous Analytics, which describes itself as a

Lawrence White and Pete Sweeney 10:00am Short-sellers who profit from stock price declines have resumed targeting Chinese companies after a three-year lull, but many of the researchers who instigate the strategy are now cloaked in anonymity, shielding themselves from angry companies and Beijing’s counter-investigations.

ALS warns of 36% profit slide

9:42am ALS Limited has warned its first half profit is expected to slide 36 per cent to $64 million.

Media

'We need to close the gap': Ten preparing to spruik 2015 lineup

Dominic White 9:31am Ten Network Holdings will spruik its 2015 schedule to media buyers and analysts on November 13 at The Star in Sydney with executive chairman Hamish McLennan acknowledging the struggling broadcaster needs to close the gap between its audience share and its share of the advertising market.

Aust bond futures prices are higher

9:13am Australian bond futures prices have followed US bond prices higher.

Markets, business welcome election result

9:59am NZ business lobby groups welcome the re-election of a National government and financial markets are expected to rise as a result.

Profit soars for Synlait Milk

Jonathan Underhill 9:59am Synlait Milk hits its target to post a $NZ19.6 million profit and it says it will take a 25 per cent stake in China's New Hope Nutritional Foods.

Board shake-up for Pumpkin Patch

Suze Metherell 9:59am Chairwoman of childrenswear chain Pumpkin Patch, Jane Freeman, is stepping down.

Stocks to watch on Monday

7:58am Stocks of interest on the Australian stock exchange on Monday.

Commodities markets summary

7:54am Commodities news from around the world

Australian market set to open lower

7:26am The Australian sharemarket looks set to open lower.

International markets roundup

7:17am News from the world’s major stock markets

Softbank gains Y500 bn from Alibaba IPO

8:07am Alibaba Group Holdings' initial public offering sees Japanese wireless giant SoftBank gain an expected 500 billion yen.

$A heads lower as greenback strengthens

6:49am The Australian dollar remains around 89 US cents after the greenback hit a four-year high.

Diary

Australian business calendar, September 22-September 26

6:06am What's on in the world of business this week.

need2know

need2know: Soft lead from Wall Street

No signs of crisis despite sharp market falls: AFR (Thumbnail)

6:02am Local shares are set to open slightly lower to start the week after a weak performance on Wall Street on Friday.

Sales enter fourth straight year of growth

8:07am Economy-wide spending continues to grow, despite the dampening effects of unusually warm weather and the mining investment slow down.

Gerry Harvey hopes for 'Magic Millions' from sale of Nathan Tinkler's nags

Kolin Kruger - CBD dink

CBD 12:30am Gerry Harvey is going to great lengths to make the sale of Nathan Tinkler’s thoroughbred racing empire a success.

Banking

Banks offer home loan enticements as property market hots up

National Australia Bank will on Monday start giving borrowers $1000 in an unapologetic marketing tactic.

JARED LYNCH 6:34am Banks have started to throw cash at customers again in an effort to win business as spring fever hits the property market and house prices soar.

ABC news programs facing cuts

The ABC has a budget of just over $1 billion and received a $35.5 million cut over four years in the May budget.

Madeleine Heffernan 12:15am A high-profile news TV program is among many shows at risk of not returning due to funding cuts.

Qantas frequent flyer program 'daunting'

Qantas lounge

Jamie Freed 12:15am Qantas Airways may have marketed recent changes to its frequent flyer program as 'simpler, fairer', but in reality it added 'daunting complexity'.

Competition effects test to take a back seat, says Samuel

Former ACCC chairman Graeme Samuel.

JARED LYNCH 12:15am The introduction of an 'effects test' into competition law is likely to take a back seat to wider economic reforms.

T-Box era ends ahead of pay TV overhaul

Telstra's dropping the T-Box is part of a strategic rethink of its bundled broadband, telephony and entertainment strategy.

Paul McIntyre and Dominic White 12:15am Telstra is expected to scrap its T-Box personal video recorder and internet television device.

Joe Hockey hails global infrastructure plan, says crackdowns on tax evasion on track

'We've worked closely with the business community.'

Gareth Hutchens and James Massola 12:15am Treasurer Joe Hockey says the attempt to tackle global tax evasion by multinational companies has met an ''extraordinary effort'' by global finance ministers, with tax regimes about to experience "structural reform at a global level".

Media

Looming Netflix arrival sparks TV rights scramble

US studios and even local TV executives are still split on whether spoiling tactics will have much impact.

Paul McIntyre and Dominic White 12:38am TV broadcasters are scrambling to renegotiate some of their rights deals with US TV and film studios in an offensive against the much anticipated arrival of on-demand video powerhouse Netflix.

Credit Suisse boss Edward Jewell-Tait slams commissions for financial advisers

Standard call: Edward Jewell-Tait.

Karen Maley 12:15am Edward Jewell-Tait says that the financial advisory industry will only become professional when it takes steps to stamp out conflicts of interest.

Anglo American seeks support to keep the faith with fossil fuels

Anglo American chief executive Mark Cutifani.

Amanda Saunders 12:15am Anglo American chief executive Mark Cutifani is courting Unites States faith-based groups to help fight the global campaign urging investors to abandon investments in fossil fuels.

Infrastructure

US toll road company part-owned by Macquarie Group will file for bankruptcy

Traffic volumes on the road have failed to live up to forecasts.

John Kehoe 12:38am A United States toll road company part-owned by Macquarie Group will file for bankruptcy on Monday, after collapsing under the weight of $US5.8 billion in debt.

Sharemarket falls catch foreign investors' eyes

Since the start of the month, shares in all four major banks have lost ground.

Bianca Hartge-Hazelman 12:15am Foreign investors are starting to look more favourably at Australian equities as a weaker currency and stronger US bond yields take some of the shine off high-dividend stocks.

Online retailer Asos facing backlash from leading fashion brands over discounting

'The company issued its third profit warning of 2014 last week.'

Graham Ruddick 3:34pm Under-fire online fashion retailer Asos is facing growing concerns from its suppliers – some of Britain's leading clothing brands – about the discounts it is offering on their products.

Alibaba shares close up 38 per cent on opening day

During Friday's session on he NYSE, 270 million Alibaba shares changed hands.

Michael de la Merced 2:06pm The long-awaited public market debut of the Alibaba Group, the Chinese Internet titan, did not disappoint Friday, eclipsing every other company that has started to sell stock so far this year.

Ghost tube stations worth billions go on sale

London's network of forgotten Tube stations will be transformed into prime real estate.

Anna White 1:34pm Beneath London's buzzing underground rail network lies a portflio of disused spaces worth an estimated £3.6b.

Who needs compulsory super?

Martin

PETER MARTIN Why on earth do we need compulsory superannuation? Economists will tell you it's because we are stupid, if they think we need it at all.

The death of salary benchmarking

Claire Linton-Evans

Claire Linton-Evans Being evaluated on salary only can force the best people out of selection processes.

Our temp labour rates second in world

Cartoon by Ron Tandberg

Robyn Emerson Australian employers have joined a worldwide trend towards temporary labour.

Health: Laughter makes a difference

Keep smiling: Palliative care nurse Fiona McLeod says a sense of humour goes a long way in her line of work.

Josh Jennings Counselling and goal setting are just some of the tools used in palliative care.

Alibaba tops Amazon and Facebook for Chinese 'rock star of Wall Street'

Jack Ma

Jessica Guynn China's richest person got even wealthier as Alibaba soared on its first day of trading.

Worker behind anti-Muslim email awarded nearly $30,000 for unfair dismissal

Worker sacked over offensive email paid $30,000 for unfair dismissal.

TAMMY MILLS A mining company employee who sent an email to his work colleagues that vilified Muslims has been awarded almost $30,000 in unfair dismissal compensation after being sacked.

Make personal values essential to business

Personal values

Stefan Kazakis Just like your business, your personal values need validation and certification.

Office fridge raiding really happens

The Beach Boys' number Kokomo comes to mind when lunch goes missing.

Jonathan Rivett Finally, proof office lunch theft is much more than an old wive's tale.

Meet the boss: Reading and writing a basic right

Kim Kelly

Sue White When Kim Kelly arrived back in Australia, she knew she wanted to make a difference.

Cosmetic dentist uses camera to bring smiles

Camera man: Dr Angelo Lazaris.

Sue White Dentist Angelo Lazaris says he wouldn't be without his digital camera at work.

Luchetti Krelle design team rack up the projects

 

The Fonz lives!: Rachel Luchetti and Stuart Krelle
at the refurbishment of NSW's last drive-in cinema at Blacktown.

Judy Barouch Rachel Luchetti and Stuart Krelle lead the company with cutting-edge concepts.

Markets

Dow hits new record: Alibaba soars

The Dow has notched its third straight record high in mixed Wall Street trade as shares of Chinese Internet company Alibaba soared following a record initial public offering.

Government: Sport psychology emerging

Thinking skills: New South Wales sport and performance scientist Gerard Faure-Brac says sports psychology hasn't caught on in Australia.

Carolyn Rance Our athletes need help to think correctly and focus under pressure

IPO

Alibaba surges in Wall Street debut

With Alibaba, Amazon faces serious competition for investor dollars.

A buying frenzy has sent Alibaba shares sharply higher as the Chinese online giant made its historic Wall Street trading debut.

Alibaba founder Jack Ma $11.53 billion richer on IPO gain as shares soar

A good day at the office ... shares soared after Alibaba's trading debut on Friday making founder Jack Ma a cool $11.53 billion.

Caleb Melby and David De Jong China's richest person got even wealthier today as Alibaba soared on its first day of trading.

Old Colonists' hostel and nursing home development builds on the past

Quality: New work reflects the estate's architectural legacy.

Stephen Crafti The Old Colonialists Association of Victoria, Rushall Park, in North Fitzroy, is one of Melbourne's best-kept secrets, maybe not for locals. Founded by William Coppin in 1870 for early pioneers as a refuge for early pioneers who had fallen on difficult times, the heritage-listed time capsule is a showcase of some of the city's finest architectural styles; including terraces, arts and craft-style homes and later Californian Bungalows. While the triangular-shaped site has been thoughtfully expanded over the years, there was a small pocket of development in the 1960s that 'under-delivered' in quality. "They were fairly ordinary buildings, a hostel and nursing home that were quite prosaic," says Architect Peter Williams, Director of Williams Boag Architects.

Spencer Street properties reportedly selling for $50m

Marc Pallisco - Capital Gains - dink - dinkus

MARC PALLISCO Two adjoining properties at the super-prominent south-west corner of the Melbourne CBD Hoddle Grid are speculated to be selling to a high-rise builder for about $50 million.

Resources

China's dirty coal ban causes waves

So far this downturn, almost 10,000 direct mining jobs have been lost across the industry.

BRIAN ROBINS To its critics it has confirmed their views - and to its investors it is all a monumental media beat-up.

World Bank head warns of economic havoc caused by Ebola

Further Ebola outbreaks could cost world economy billions: World Bank President Jim Yong Kim.

MATT WADE World Bank President Jim Yong Kim has used a meeting in Sydney to warn that the economic damage caused by the outbreak of the Ebola virus in West Africa could escalate dramatically unless the international response is immediately ramped up.

Finance

Penske File exposed: Macquarie Group's cheat sheet made public

Macquarie logo

Adele Ferguson and Ben Butler It is the cheat sheet at the centre of the Macquarie Private Wealth scandal that the millionaires' factory and the corporate regulator, the Australian Securities and Investments Commission, refuses to confirm or deny exists.

Macquarie Group file shows cheating on financial adviser exams must be stamped out

Adele Ferguson dinkus Dinkus

ADELE FERGUSON As the minister for finance Mathias Cormann gets set to ram through his amendments to financial advice reforms, the issue of low educational requirements and institutionalised cheating on exams is still to be resolved.

United States' takeover boom could be going global

Malcolm Maiden dinkus Dinkus

MALCOLM MAIDEN Investment bankers I met on Wall Street told me that for now, animal spirits had returned to the market.

No changes for NAB after Scotland vote

NAB says it is business as usual for its UK operations after Scotland rejected independence.

ASX

Australian shares end down for fourth week

Generic photo of the ASX  board in Melbourne.I

MAX MASON A rally in bank stocks on Friday was not enough to lift the Australian sharemarket out of its doldrums as stocks fell for the fourth week in a row.

Bonds weaken after Scots vote no

Australian bond futures prices are slightly lower after Scotland's vote against independance gave the market some relief.

Can you pass the Penske test?

Macquarie Group

How much do you really know about investing? See if you can answer the test questions that some of Macquarie Private Wealth's hotshot advisers were cheating to get past. Note you will not have the advantage of reference material provided to help answer the questions.

Agribusiness

Bega Cheese in $100m supply deal with China

Bega Cheese has grabbed a slice of the Chinese market for dairy products with a contract for UHT milk.

Tim Binsted Bega Cheese has inked a $100 million supply and distribution agreement with Chinese retailer Chongqing General Trading Group to supply Bega-branded long life milk to China.

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Small Business

The seven deadly meeting sins

Sylvia Pennington

You need to repent if you check your smart phone every two seconds, sport a food-filled grin and spend the time catching a few zeds.

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