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The Australian
 

Good afternoon,

Ex-Fortescue executives accused of stealing the mining giant’s intellectual property have moved to throw out their lawsuit, arguing raids on their homes and offices were unlawful.

Former Crown Resorts boss Steve McCann has been picked to lead struggling Star Entertainment with an eye-watering salary package, that includes a $2.5m sign-on bonus.

Seven West Media will undergo one of its biggest restructures under Kerry Stokes’ chairmanship which includes shedding about 150 jobs, and axing three senior managers to save about $100m. 



Perry Williams
Business editor
The markets


Commentary
The simple fix to an obviously unfair tax proposal
By ROBERT GOTTLIEBSEN
Business Columnist
If the government wakes up to the growing opposition to its plan to tax unrealised superannuation capital gains, they would do well to heed this simple change.
Latest news
Star’s new chief gets nod from regulators, big shareholders
The powerful NSW casino regulator has made a rare public statement, labelling the appointment of new Star Entertainment CEO Steve McCann a ‘defining’ moment.
GLEN NORRIS
Up for grabs: Luna Park’s potential billionaire buyers
Buyers for the iconic site on Sydney Harbour could range from international leisure giants to home grown hospitality players like Justin Hemmes as the site is listed for $70m.
By BEN WILMOT
‘Ample scope for banks to lift risk appetites’: APRA
The chairman of the prudential regulator has taken a swipe at Aussie banks, saying loan inaccessibility is not the fault of regulatory settings.
By CLIONA O’DOWD
Pilbara renewables needed for BHP’s electric dreams
BHP will source 500MW of renewables in the Pilbara by 2030 as it converts its diesel-hungry truck fleet to electric power in coming years.
By CAMERON ENGLAND
Man accused of insider trading to face trial
A Melbourne man will face a criminal trial amid allegations he used inside knowledge to buy shares in ASX-lithium major Kidman before a massive takeover deal.
By ANGELICA SNOWDEN