Star’s chips down as $940m debt deal comes off table
Embattled casino giant Star Entertainment is back on the brink of collapse after a refinancing deal fell through, but talks with a US casino giant continue.
financially distressed company
Top clothing chains to close, shedding hundreds of jobs
More than 250 outlets of two leading retail chains will close, costing nearly 1000 jobs, after receivers failed to find a buyer for the stores.
Star shares hit the skids as survival odds take a blow
Shares are down seven per cent at Star after the embattled casino company warned of "material uncertainty" about its ability to continue.
Fight to save jobs as The Star’s casino empire teeters
Star Entertainment's financial woes have fuelled concerns for the future of thousands of casino jobs.
Flights guaranteed for regional Rex Airlines customers
The federal government has guaranteed bookings on Rex Airlines as it goes through the administration process, as sacked workers call for their entitlements.
Buyers hover as administrators plot course to save Rex
Embattled Rex has received significant interest from potential buyers, administrators say, as the regional carrier battles to stay in the air.
Rex financial woes in spotlight as employees face cuts
Embattled regional airline Rex will hold its first creditors' meeting as the cash-strapped carrier plots its way out of financial disaster.
PM downplays airline duopoly as Rex waits for lifeline
A competition tsar has taken issue with the prime minister's suggestion that regional airline Rex engineered its own demise by targeting capital-city routes.
Advisors called in as taxpayer bailout weighed for Rex
The federal government has engaged three external consultants as it considers its options in coming to the aid of cash-strapped regional carrier Rex.
Opposition leader can’t run state after claim: premier
The Queensland premier says the opposition leader is not fit for the top job after liquidators claimed he led a company that may have been trading insolvent.
Struggling online bookseller Booktopia collapses
Online bookstore Booktopia has entered voluntary administration after being unable to line up additional financing to sustain its loss-making operations.
Air Vanuatu cancels Australian flights amid cash woes
The national airline of Vanuatu has cancelled all its flights to and from Sydney and Brisbane for the rest of the week amid reports of financial difficulties.
No bailout for Bonza as more than 300 staff stood down
Passengers and more than 300 staff are in limbo after administrators grounded Bonza's planes, with the government rejecting a bailout for the penniless airline.
Rivals offer parachute for Bonza staff after collapse
Australia's major airlines have thrown Bonza workers a lifeline after their employer collapsed into voluntary administration.
Bonza calls in administrators as passengers hit hotline
Budget airline Bonza has entered voluntary administration after flights were suspended and the Australian government created a hotline for customers.
More deposit bailout cash after home builder collapse
Victorian taxpayers will again come to the rescue of customers who lost their home deposit after the builder went belly up.
Australia Post CEO rails against stamp and mail rules
The Australia Post boss says laws governing the floundering service must change and is urging the government to put the national interest first.
Collapsed east coast builder’s debt soars past $60m
Collapsed construction group PBS Building's debts have soared beyond $60m as administrators are granted a special court extension.
After SVB fail, US acts to shore up banking confidence
US officials have moved to stem the fallout from the failure of start-up-focused Silicon Valley Bank, saying all customers will have access to their deposits.
Plight of cold chain operator rings alarms bells
The fate of Scott's Refrigerated Logistics, which is the nation's largest cold chain transport operator, has set alarm bells ringing through the sector.