Shareholders should be afraid. The nascent sharemarket boom is starting to encourage chatter of mergers and acquisitions: a handy way for investment bankers to charge enormous fees and for executives to increase their remuneration.
The problem with having popularly elected politicians determining economic policy is that, in economic terms, they generally do a pretty bad job of it.
The Pandora’s Box that was ABC Learning Centres this week is being exposed to the financial world as the company’s administrator, Ferrier Hodgson, conducts a Federal Court examination of key ABC figures.
Despite myriad indicators that financial markets will fall into another malaise, it appears that Mr Market remains in a state of blessed optimism, ignorant of the grey clouds appearing on the economic horizon.
The recent retirement of Don Argus as chairman of BHP Billiton has brought a predictable sea of tributes from a wide array of sources.
Tony Abbott's position on housing prices is little better than that of property boosting Prime Minister Kevin Rudd, particularly his explicit support for high property prices. What happened to common sense?
While the residential property bubble continues in earnest, the mainstream media is beginning to take divergent views in how the asset boom will play out.
Gerry Harvey is demanding shareholders give him and other Harvey Norman executives millions of dollars worth of new options to replace "out of the money" options granted in 2007.
The housing industry has a vested interest in ensuring that the house price myth is perpetuated. Now, respected columnists are joining the party.
The NSW Supreme Court's ruling on JP Morgan's fee demands have sent shivers down the spines of thousands of investment banks across Australia.