Penfolds owner Treasury Wines gives CEO Mike Clarke 30pc pay rise
Treasury Wine chief executive Mike Clarke has scored a 30 per cent pay rise to $2.2m. Chairman Paul Rayner (bottom right) says he deserves every cent. Photo: David Mariuz Treasury Wine Estates chief executive Mike Clarke has been given a 30 per cent pay rise to $2.2 million after spearheading a strong turnaround at the maker of Penfolds, Wolf Blass and Seppelt.Treasury chairman Paul Rayner said the chief executive's pay packet hadn't been reviewed since he t..>> view originalChrisco cops $200000 fine over misleading lay-buy contract
Chrisco said there was ‘limited evidence of loss or damage to consumers’.CHRISTMAS hamper company Chrisco has been caught out helping itself to customers’ bank accounts. In November, Chrisco was found guilty of breaching Australian Consumer Law after informing consumers they could not cancel a lay-by agreement after making their final payment.Under the company’s so-called HeadStart plan, Chrisco would take the surplus payments and put them towards next year’s hamper — even before the customer ha..>> view originalStocks gain on economic optimism
Stocks rallied at the open as buoyant economic data in Australia and the US boosts confidence, and after commodity prices gained.Wall Street maintained its positive tone, closing higher after strong jobs figures added to recent data releases that have lifted optimism and allayed fears of a slowdown. Australian shares continued to rally after economic growth figures yesterday beat expectations with GDP expanding 3 per cent in 2015. “Hints and fears are giving way to hard numbers. And the numbers..>> view originalRow erupts over BIS Shrapnel negative gearing report
Row erupts over BIS Shrapnel negative gearing report Updated March 03, 2016 17:44:05 Labor has used Question Time to ridicule Treasurer Scott Morrison after he relied on an economic report with a significant error. Key pointsBIS Shrapnel report says cutting tax break drives up rental prices and pushes down house valuesReport misquoted the Australian annual GDPBill Shorten dismisses report as "a joke"Scott Morrison criticised for labelling report as evidence Labor's pol..>> view originalMorning Headlines
Most Influential: Who holds the power in this state? Not everyone is a public figure, and not every public figure has it. The Business News editorial team takes a hard look at those that demand or command attention in this great state - from political leadership to business dominance. Who has the influence and how do they use it? Tourism: Long overshadowed by our traditional extraction and primary resources industries tourism is an important catalyst to other sectors in the post-boom environment..>> view originalTen metres above Collins Street, a new 'skypark' is rising
Lendlease's plan for its Melbourne Quarter project, approved by the Andrews government on Thursday. A 2000-square-metre "skypark" will form the centrepiece of a huge new office and apartment precinct at the Docklands end of Collins Street, on what is now one of the CBD's most unloved corners.As part of an almost $2 billion redevelopment of empty city land, Lendlease had applied to build seven office and apartment towers on long-empty land below Collins Street..>> view originalneed2know: Commodities advance
Local shares are poised to open higher amid gains in base metals, iron ore and oil.What you need2know LME copper ended up 1.6 per cent at $US4790 a tonne, the highest since November 16, extending a 0.5 per cent gain from the previous session. Photo: Ryan Stuart SPI futures up 13 pts or 0.3% at 5027 at 7am SydneyAUD +1.7% to 72.94 US centsOn Wall St, in late trade Dow flat, S&P 500 -0.1%, Nasdaq -0.1%In Europe, Stoxx 50 +0.9%, FTSE -0.1%, CAC +0.4%, DAX +0.6% Advertisement In London, BH..>> view originalBHP agrees to $US2.3b Samarco settlement
BHP agrees to $US2.3b Samarco settlementBHP agrees to $US2.3b Samarco settlementBHP Billiton's Samarco joint venture will pay up to $US2.3 billion ($A3.15 billion) over six years after reaching a settlement with Brazilian authorities over a deadly dam spill in November.Samarco, jointly owned by BHP and Brazil's Vale, will set up a fund for restoration work and to provide compensation for damages caused by the tailings dam spill, as part of a 15-year agreement.The dam collapse at the Samarco mine..>> view originalBillionaire retailer and horse breeder Gerry Harvey says bankrupt miner Nathan Tinkler thought he was 'a hot shot'
Billionaire retailer and thoroughbred owner Gerry Harvey has given some insight into the personality of bankrupt miner Nathan Tinkler, saying he was a "schizo" who thought he was better than everyone else.Mr Harvey, who is reportedly still owed $9.5 million by Mr Tinkler, told a racing crowd in Canberra on Thursday that the former coal magnate still believed he could make a comeback. Billionaire retailer and thoroughbred breeder Gerry Harvey at Thoroughbred Park in Canberra on Thursday. Ph..>> view original
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