Reebok has been penalised $350,000 and ordered to issue refunds for misleading customers about its EasyTone shoe range, which it claimed for years would boost muscle tone of calves, thighs and derrières more than ordinary sneakers.
The head of the corporate regulator has backed away from comments he made that described Australia as a 'paradise' for white-collar criminals.
Deals and deeds town and around
Boart Longyear has confirmed that private equity and distressed debt firm Centerbridge Partners will take control of the fiscally challenged driller in a deal worth over $US300 million ($342 million).
The corporate regulator is being urged to investigate why Facebook and other large multinationals are able to claim an exemption from filing financial accounts in Australia.
The launch of Apple's iPhone 6 has helped Telstra get off to a positive start to the new financial year, chief executive David Thodey says.
Newcrest Mining has told a proxy advisor it engaged in a bidding war for Sandeep Biswas' services prior to hiring the former Rio Tinto man as its managing director.
Global investment banks are challenging the ASX’s dominance over the clearing and settlement of trades in Australia in a battle over whether fees in Australia are out of step with global settings.
Local shares are poised to open lower as US stocks retreated on concerns about Boeing and shootings in Canada's capital.