Shares dive on Chevron twin exits

Shares in energy stocks dived as Chevron's exit from two Australian ventures raised concerns about the nation's oil and gas industry.
Tax deductions for property investors are under fire as the government launches its tax discussion paper.

Pain and gain in housing

Whether you sell your house at a loss depends a lot on when, and where, you bought it, a report from CoreLogic RP Data shows.
Tassal says good science underpins all of the company's operations and a Senate inquiry into Tasmania's aquaculture industry isn't necessary.

Aussie Beer made in China

The suppliers of Aussie Beer, which is packaged in green and gold but made in China, have been fined for misleading customers.

Origin slapped with $2m fine

Origin Energy has been found guilty of preying on vulnerable customers and fined $2 million for breaching consumer laws.
Skydive The Beach will proceed with plans to buy Australia Skydive, despite two skydivers being killed near Byron Bay.

Novogen shares surge on drug data

Novogen says an experimental anti-cancer drug it is helping to develop kills cells usually highly resistant to cytotoxic drugs.
Treasurer Joe Hockey insists the government will press ahead with a bank deposits tax, which could see consumers paying another fee.
Former RBA governor Ian Macfarlane is retiring from the board of Woolworths, eight years after he was appointed a director.
Chinese resources group Guangdong Rising Assets Management has told PanAust shareholders they risk losses if they don't accept its takeover offer.

Slater and Gordon in $1.2b UK deal

Slater and Gordon expects to be the UK's top personal injury lawyer if a $1.2 billion takeover offer gets investor and regulator approval.
Spot gold fell 0.4 per cent while futures prices dropped $US5 as traders awaited the Fed chair's speech for clues on when the interest rate may rise.
Fuel business Caltex says the exit of major shareholder Chevron won't impact its strategy and has made capital management less complex.
US energy giant Chevron is looking to sell its $5 billion stake in oil refiner and distributor Caltex Australia.

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