THE NEWS WRAP: Billabong shares dry up as Altamont and Sycamore walk away

6:07AM | Wednesday, 5 June 2013 |  Shares in embattled surfwear giant Billabong plunged 49.5% to just 23 cents after private equity firms Altamont Capital and Sycamore Partners walked away from takeover talks.

Billabong to cut 150 stores and 400 staff to fend off $765 million private equity offer

2:54PM | Friday, 17 February 2012 |  Under-pressure surfwear chain Billabong International has emerged from a trading halt to play hardball on a private equity offer and deliver a wide-ranging plan to cut costs.

THE NEWS WRAP: CBA boss flags future rate rises

2:09AM | Thursday, 16 February 2012 |  Small business borrowers could face further interest rate rises as banks grapple with an increase in the cost of funding, Commonwealth Bank’s CEO has warned.

Billabong profit plummets as Australian retailers struggle

8:28PM | Friday, 19 August 2011 |  Iconic surfwear brand Billabong is the latest victim of the retail downturn, posting an 18% fall in annual profit, on the back of another fall in the Commonwealth Bank’s Business Sales Indicator.

THE NEWS WRAP: Global markets begin gradual recovery following the nuclear crisis in Japan

3:11AM | Thursday, 17 March 2011 |  Global markets have begun a gradual recovery following sharp losses due to the nuclear crisis in Japan.

NEWS WRAP: Telstra unveils details on its tablet

10:17AM | Wednesday, 27 October 2010 |  Telstra releases T-Tab details; shareholder backlash over pay and Buffett names successor.