Australia's Ten Network, one of the nation's three commercial channels which broadcasts shows such as "I'm a Celebrity", was Wednesday placed in voluntary administration after failing to secure a new...
American investment firm Hellman & Friedman has kicked off a bidding war for Australia's Fairfax Media by making a multi-billion-dollar offer to rival private equity company TPG Capital's proposal,...
A consortium led by private equity giant TPG Capital upped its offer for troubled Fairfax Media Monday and now wants to buy out the entire firm. Last week TPG and the Ontario Teachers' Pension Plan...
Staff at Australia's Fairfax Media walked off the job for a week on Wednesday in protest at more hefty job cuts as the leading publisher struggles to cope with slumping revenues. The strike action by...
Tech billionaire Scott Farquhar has bought a Sydney waterfront mansion for an Australian record Aus$75 million (US$56 million), a report said Monday, after the owners resisted selling the 1863-built...
Energy giant Chevron on Friday lost its appeal in major battle against a Aus$269-million (US$203 million) tax bill in a case that could have global implications for multinationals looking to cut...
Australia urged China Thursday to press ahead with economic reforms as Premier Li Keqiang began a trade-focused visit amid growing fears of a US slide towards protectionism. China is Australia's...
