Comm Bank delayed informing overcharged customers to avoid negative PR

A Commonwealth Bank executive admits the bank put off writing to overcharged small business customers so that he could avoid being grilled at a parliamentary hearing.

Source: Business | 24 May 2018 | 4:29 am

Qantas gets more time to respond to Chinese regulator's demands

International airlines that refer to Taiwan as a separate country have just one more day to change their listings — but Qantas has received an extension.

Source: Business | 24 May 2018 | 4:16 am

Shark bite reveals holes in insurance for Great Barrier Reef volunteers

Mathew Vickers was on a research trip funded and conducted by James Cook University when a grey reef shark ripped into his arm, but the hospitalisation and stitches he needed were not funded by university insurance — and as a volunteer, he was not insured under WorkCover.

Source: Business | 24 May 2018 | 3:19 am

Pay rises might be hard to come by, but Australia has 16 new billionaires

Australia has 16 extra billionaires this year, taking the total to a record 76, with carboard and recycling magnate Anthony Pratt again topping the list of the nation's wealthiest.

Source: Business | 24 May 2018 | 2:43 am

Feuding heirs of $2.5 billion construction tycoon sell off empire to resolve will dispute

The heirs to construction tycoon Len Buckeridge's fortune decide to sell the $2.5 billion BGC business empire he founded more than 50 years ago after failing to resolve a long-running dispute over his will.

Source: Business | 24 May 2018 | 2:01 am

Silicon Valley fights Trump immigrant curbs
Puts money and muscle into battle.

Source: iTnews - Business | 30 Jan 2017 | 3:41 pm

NSW wants a whole-of-gov CISO
To look after infosec across the state.

Source: iTnews - Business | 30 Jan 2017 | 12:48 am

Dominello promoted in NSW ministerial reshuffle
Takes responsibility for the DAC with him.

Source: iTnews - Business | 29 Jan 2017 | 6:41 pm

ANU poaches Intel's Dr Genevieve Bell
Will retain senior fellow title with chipmaker.

Source: iTnews - Business | 26 Jan 2017 | 9:50 pm

Microsoft lures LinkedIn infrastructure boss as CTO
New deputy role created under Nadella.

Source: iTnews - Business | 24 Jan 2017 | 6:48 pm

Merger windfall for Waislitz
Billionaire Alex Waislitz stands to make millions after two financial services companies agreed to merge.

Source: The Australian | Business | News | 14 Jun 2016 | 10:00 am

Super chasing riskier assets
Record low bond yields are pushing superannuation funds and insurers into alternative investments.

Source: The Australian | Business | News | 14 Jun 2016 | 10:00 am

‘ALP’s NBN needs extra $10bn’
Labor’s NBN policy could require a further $10 billion in taxpayer funding, says a telecommunications analyst.

Source: The Australian | Business | News | 14 Jun 2016 | 10:00 am

Agent payouts to shift stock
Agents are being offered double the normal commission to help shift apartments throughout capital cities.

Source: The Australian | Business | News | 14 Jun 2016 | 10:00 am

Three in race for port sale
The auction for the Port of Melbourne has come down to a three-way race with bidders lodging indicative bids.

Source: The Australian | Business | News | 14 Jun 2016 | 10:00 am

McGrath halts trading ahead of earnings report
McGrath has halt trading shares to review its earnings forecast as the housing market eases.

Source: Business News | 15 Apr 2016 | 3:00 am

Jobs figures to boost consumer confidence
Better than expected job figures are set to boost consumer confidence.

Source: Business News | 15 Apr 2016 | 2:57 am

$A hits fresh high but fortunes rest on China GDP data

The Australian dollar touched a new nine-month high overnight, making another bid above US77¢ in an otherwise quiet trading night ahead of key Chinese economic data.

Source: smh.com.au Business News. | 15 Apr 2016 | 2:02 am

RBA says apartment supply poses risk
The Reserve Bank says a surge in the supply of new apartments poses an ongoing risk to financial stability.

Source: Business News | 14 Apr 2016 | 10:22 pm

China slowdown could hurt home prices
A sharp economic downturn in China's economy could have negative effects for Australia's housing market.

Source: Business News | 14 Apr 2016 | 10:14 pm

Iron Mountain to finalise Recall takeover
Recall will be removed from the ASX next week following its $3.4 billion takeover by Iron Mountain.

Source: Business News | 14 Apr 2016 | 8:31 pm

Tax 'imbalance' widens gap between young and old

ME's survey data shows the financial comfort of people aged over 50 has risen significantly in the last five years as Gen X and Y lag behind.

Source: smh.com.au Business News. | 14 Apr 2016 | 10:45 am

Government to chase Palmer for $70m

The federal government will intervene in the administration of Queensland Nickel to bring forward $70 million in entitlement payments owed to workers and to chase parliamentarian Clive Palmer for the bill. 

Source: smh.com.au Business News. | 14 Apr 2016 | 10:00 am

Airbnb hosts should be fined, says report
Airbnb hosts renting out their apartments in cities, including Sydney and Melbourne, should be slapped with speeding-ticket-type fines if their guests engage in "disruptive" behaviour that upsets neighbours.

Source: smh.com.au Business News. | 13 Apr 2016 | 6:19 pm

Soft drink tax 'could save lives'

There could be 16,000 fewer cases of type 2 diabetes and 4400 fewer cases of heart disease - but at a price for some.

Source: smh.com.au Business News. | 13 Apr 2016 | 2:00 pm

New home sales strongly rebound in Dec

New home sales jumped 6.0 per cent overall in the final month of 2015, according to Housing Industry Association (HIA) data released on Wednesday. Multi-unit sales were up 21.1 per cent, after a 15.1 per cent decline in November, while detached house sales rose 2.2 per cent. "The headline monthly rise in December 2015 is a result driven, encouragingly, by both the detached house and multi-unit segments of the market," HIA chief economist Harley Dale said.

Source: Australian Business & World Finance News - Yahoo!7 Finance | 10 Feb 2016 | 3:04 am

Morrison welcomes Kidman sale rethink

The nation's largest private landowner S. Kidman & Co has reopened the company's sale process to Australian parties after Treasurer Scott Morrison blocked the sale to international investors last November. At the time Mr Morrison deemed the sale as being "contrary to the national interest", but urged the company to reconsider the structure of the sale of a land mass equating to 1.3 per cent of Australia. "I am encouraged that my decision has led to today's development," Mr Morrison said in a statement on Wednesday.

Source: Australian Business & World Finance News - Yahoo!7 Finance | 10 Feb 2016 | 2:32 am

Personal imports of new cars from 2018

More than 90 per cent of new vehicles were imported and within two years all cars will be imported once Ford, General Motors and Toyota cease local manufacture, the federal government said in a statement on Wednesday. "If a manufacturer chooses not to sell a particular model in Australia, a consumer may now have an option to source this model overseas," Major Projects Minister Paul Fletcher said. The changes will improve the existing arrangements for importing exotic, rare, classic, collectible and special purpose vehicles.

Source: Australian Business & World Finance News - Yahoo!7 Finance | 10 Feb 2016 | 2:02 am

$A stronger before US Fed Chair speaks

The Australian dollar has gained some ground as markets take a breather ahead of testimony from the US Federal Reserve Chair. The currency crashed below 70 US cents overnight as lingering risk aversion gripped global markets. "While markets are hoping for a glimmer of optimism in her testimony, the unsettled narratives faced by traders are unlikely to turn positive on a dime," he said.

Source: Australian Business & World Finance News - Yahoo!7 Finance | 10 Feb 2016 | 1:31 am

Tinkler quits his CEO post

Fallen coal billionaire Nathan Tinkler has suffered another setback, quitting his post as chief executive of a Hunter Valley-focused coal company as he battles a bankruptcy claim. Australian Pacific Coal announced on Wednesday Mr Tinkler had resigned as managing director and chief executive officer following a Federal Court bankruptcy hearing on Tuesday. The court found finance group GE Commercial was entitled to make Mr Tinkler bankrupt over a $2.8 million debt owed following the sale of his former corporate jet by receivers and issued a sequestration order against his estate.

Source: Australian Business & World Finance News - Yahoo!7 Finance | 10 Feb 2016 | 1:22 am