Australia Post profits as two-tier letter scheme succeeds
NSW greyhound racing ban: Employers worry their race is run
An inconvenient year for 7-Eleven
At the crack of dawn on Tuesday, a tired and emotional Helen Ren - a 7-Eleven franchisee - will meet a group of executives from the convenience store group's head office to hand back the keys to her store.By the time they arrive, she will have finished her last shift in a shop that she refers to - in a bitter-sweet sense - as her "second home". More News Videos Previous slide Next slide Widespread wage abuse at 7-Eleven Lindt siege police response in question ..>> view originalAPN unveils loss as print exit looms
Australian Associated PressAPN News and Media has reported a $256.9 million half year loss, driven almost entirely by the traditional print industry it is in the process of exiting.The company's demerged New Zealand unit and the regional Australian business it is selling to News Corp accounted for $249.3 million of the losses, with underlying earnings from APN's remaining advertising and radio businesses rising seven per cent to $35.9 million."APN has delivered a solid result with higher earning..>> view originalASX slips as profit season peaks, eyes turn to Federal Reserve
Profit season moved up a gear in its last big week as did the wild swings of the share prices of many reporting companies, however, the sharemarket ended the week stagnant in anticipation of a speech from US Federal Reserve chair Janet Yellen.The S&P/ASX 200 traded within the range of 5510 to 5570 points all week, but on Friday fell 0.5 per cent, or 26 points, to 5515.5, while the All Ordinaries ended 0.4 per cent, or 24 points, lower at 5607.4. The benchmark index closed just 0.2 per cent lowe..>> view originalNBN needs another $20 billion of public money to finish rollout
The federal government will have to plow another $20 billion into the national broadband network as it battles higher than expected costs next year.And NBN Co has been forced to change plans for 1.5 million households to avoid a potential cost blowout. More Technology Videos Previous slide Next slide Turnbull: I've 'turned around' the NBN Pizzas delivered by drone Windows 10 update bricks webcams China launches world first quantum communica..>> view originalWhy housing demand in Sydney is so strong
23 Newton Rd, Strathfield, in Sydney has just sold for $6.8 million in Sydney. Prices like these are leading people to ask what is it about Sydney that leads to inexorable price rises. Janie Barrett Australia's most expensive home sale last weekend was in Strathfield. A four-bedroom house in the inner western Sydney suburb sold at auction for $6.8 million.Local agent Steve Devine won't disclose the reserve, but said the price paid for the 23 Ne..>> view originalColes, Woolworths look for growth as supermarket wars rage on
It all started in May with some chatter about cheap bananas.Hot humid conditions in northern Australia produced a bumper crop of the yellow fruit, pushing prices as low as $1 a kilo in the big supermarket chains. More Business Videos Previous slide Next slide Woolworths' short-sightedness destroyed value The victims of Storm Financial Ltd Markets hold their breath as US Federal Reserve meets The end of Masters - bargain opportunity? ..>> view originalStorm Financial directors breached their duties: court
Emmanuel and Julie Cassimatis, the founders of the notorious Storm Financial advice group, breached their duties as directors and provided inappropriate advice to clients, the Federal Court has found.The Australian Securities and Investments Commission launched the civil case in 2010, alleging that as the executive directors of Storm Financial the Cassimatises breached their fiduciary duties under Australian corporate law. More Business Videos Previous slide Next slide ..>> view originalBunnings stores owners BWP Trust shares hit
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