Ernst & Young says in its latest Fraud Survey published this week that hard-pressed company bosses are under so much pressure to deliver on growth that many have resorted to cooking the books.
READ MORE197 Results
Pratt extends the helping hand
Anthony Pratt’s subtle turn towards Asia marks an important strategic direction for Visy — plus it shows how structural change is changing the way business is done in key industries.
READ MOREGet on with it, Julia: biz needs the election over and done with
The business community desperately wants the election called now and wants it held quickly. The uncertainty is bad news, writes SmartCompany.com.au publisher Amanda Gome.
READ MOREKerry Stokes’ $US250m play for China’s Agricultural Bank
Kerry Stokes has emphasised his very close links to China and the Chinese government by proposing to invest up to $US250 million of Seven Group Holdings cash into the forthcoming float of China’s Agricultural Bank.
READ MOREThe Geithner plan: a Crikey wrap
Wall Street appears to have given US Treasury Secretary Timothy Geithner’s $1tn toxic assets plan the thumbs-up, with the Dow surging nearly 500 points on Monday. But what do the pundits think?
READ MOREEddington blasts golden handshakes. What about News Corp?
Leading Australian company director, Sir Rod Eddington, strongly criticised lofty termination payments last week. Was he so forthright in the News Corporation boardroom last month? Adam Schwab writes:
READ MOREForeign alcopops winners drink to Senator Fieding
So who is the Distilled Spirits Council that Senator Fielding and Malcolm Turnbull have gifted $290 million in alcopops tax to? Glenn Dyer invesitgates.
READ MOREBeware “buying off the plan”
There are few more effective ways of generating a negative return on your investment than by buying a property “off the plan” from a developer, writes Adam Schwab.
READ MOREThe risky business of private equity floats
The majority of private equity floats of recent years have been disastrous for shareholders, writes Adam Schwab.
READ MOREPokies stats reveal the ‘extreme capitalism’ of Woolworths
It really is time Woolies was forced to defend its position on pokies, writes Stephen Mayne.
READ MOREIt’s time to redefine success
After a century of badgering from pinkos and greenies, captains of industry are grudgingly starting to accept that profits are not everything, writes Peter Vogel.
READ MOREMyer shelves its dreams of world domination
Myer’s dream of a gleaming new Dubai store in the Ibn Battuta Mall has been out on laybuy, maybe shelved, writes Andrew Crook.
READ MOREJitters battle retail sales as RBA holds steady
The RBA has opted to keep rates on hold, writes Glenn Dyer.
READ MOREManufacturing slumps, but that’s just the good news
Manufacturing is contracting in Australia, just as it is in the US, Japan, Europe and all other major economies, writes Glenn Dyer.
READ MORERecord 52 companies join the $100m loss club
The 2008 interim profit season officially finished at close of business on Friday but quite a few late-comers are still dribbling out losses, writes Stephen Mayne.
READ MOREFairfax Financial eyeing off Canwest
Was last week’s abortive $90 million fund raising by the Ten Network an attempt to bolster its struggling Canadian parent, asks Glenn Dyer?
READ MORECould we get forty losses exceeding $100m declared for the month?
Our list of every Australian public company that has ever announced a net loss of more than $100 million shows that we had a record 29 entries in 2007-08, writes Stephern Mayne.
READ MOREMirvac: land is for hocking, not housing
Mirvac yesterday admitted what many affordability watchers know: the housing market is manipulated to suit shareholders over householders, writes Karl Fitzgerald.
READ MOREAre margin calls the new black?
If an executive is subject to a ‘margin call’ from their lender, could the sale of shares trigger insider trading provisions, asks Adam Schwab?
READ MOREJapan? No. Try Russia, and the sick men of Eastern Europe
Every economy in the East is tanking: with Russia and the Ukraine probably the most damaged, writes Glenn Dyer.
READ MORETroubled Ten will look for a capital injection
The Ten Network has become the second major Australian media group to blink and approach the market for much needed new capital, writes Glenn Dyer.
READ MOREWhy the Chinalco deal is a disaster for Rio
The Chinalco deal appears to be a disaster for Rio Tinto shareholders and a boon for China, writes Adam Schwab.
READ MOREBabcock knocking on heaven’s door
Babcock and Brown — once a strapping, cocksure investment bank — has been reduced to a withered wreck, writes Adam Schwab.
READ MORENews Corp raises cash as more jobs go
Rupert Murdoch’s New Corporation is continuing its cost-cutting ways, writes Glenn Dyer.
READ MOREUS car sales on highway to hell
The US car industry is in deeper dispair at the start of 2009 than it was at the end of 2008, writes Glenn Dyer.
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