The slump in crude oil prices has stirred up a wave of merger activity in the small end of the oil and gas sector as junior explorers struggle with the impact of declining investor support and stretched finances.
When the Abbott Government shuffled the ministry at the weekend he should have blackballed himself as minister for women.
The sharemarket has extended its recent strong rally as investor confidence grows, taking its gains since Wednesday to 5.6 per cent, adding more than $80 billion to the market's value.
Fairfax Media stands to emerge with a controlling stake in a $200-million merger of its radio business with John Singleton's Macquarie Radio Network.
The spectacular fall in oil prices over 2014 is slowly trickling down to motorists, with the average retail price of unleaded petrol falling to a four-year low, CommSec says.
Supermarket giant Coles has been ordered to pay $10 million in penalties for "serious, deliberate and repeated" misconduct towards suppliers that were in some cases in deep financial trouble.
Transfield shares dived 20 per cent after Spanish group Ferrovial Services walked away from its talks with the takeover target following the rejection of its revised takeover offer.
Shares in outdoor equipment retailer Kathmandu have plunged 20 per cent after poor Christmas sales forced the company to issue a profit warning.