Octaviar close to collapse

Seeded on Tue May 27, 2008 7:22 PM EDT (businessday.com.au)

Gold Coast financial engineer Octaviar, or MFS as it was known, is a hair's breadth from collapse with its major noteholder Challenger Managed Investments and the Public Trustee of Queensland demanding immediate repayment.

business, mfs, octaviar

Opes client loses court bid

Seeded on Thu May 1, 2008 9:00 PM EDT ()

Clients of collapsed stockbroker Opes Prime learned they do not have a legal claim to recovering their shares, according to a Federal Court ruling this morning.

business, deloitte, anz, opes-prime, beconswood-securities

Prime sacks destra board

Seeded on Mon Apr 21, 2008 11:14 PM EDT (The Sydney Morning Herald)

Prime Media Group has wasted little time in exerting its influence over Melbourne media company Destra by removing its directors and chief executive.

business, music, destra, prime-media-group

Second case for sex harassment woman

Seeded on Thu Apr 17, 2008 8:48 PM EDT (The Sydney Morning Herald)

A former Commonwealth Bank marketing manager who has accused two of the bank's most senior managers of sexual harassment and bullying received a $20,000 payout for workplace bullying from her former employer

business, harassment, commonwealth-bank

Living the life royale

Seeded on Mon Apr 14, 2008 7:43 PM EDT (The Sydney Morning Herald)

It is virtually impossible to spend more than a few moments in Monaco without getting swept away by the glamour of it all. And this is all very well until you set foot in the casino.

travel, casino, las-vegas, macau, monaco, monte-carlo

Wachovia sinks to surprise loss

Seeded on Mon Apr 14, 2008 7:35 PM EDT ()

Wachovia Corp., the fourth-largest US bank, reported an unexpected loss because of bad California home loans and disclosed plans to bolster capital by selling $US7 billion of stock and cutting the dividend.

business, banks, wachovia, home-loans

That sinking feeling

Seeded on Mon Apr 14, 2008 3:45 AM EDT (The Sydney Morning Herald)

It was an accident that would send shivers up the spine of any tourism operator - a cruise ship in the middle of the Antarctic, gashed by an iceberg and sinking with 154 passengers aboard

business, tourism, smallbusiness

ANZ to review securities lending

Seeded on Mon Apr 14, 2008 3:43 AM EDT (The Sydney Morning Herald)

The review will examine the bank's relationship to troubled broker Opes Prime and will examine the oversight and control of ANZ's involvement in securities lending and the development and management of client relationships.

business, banks, securities, lending, anz, opes