Business News

News Corp earnings rise 65% in second quarter, Warning on manufacturing jobs: Midday Roundup

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News Corp has recorded a rise in second quarter profit due to improvements in its cable and film businesses. 

 

ACCC “concerned” retailers don’t understand new consumer guarantee obligation

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The competition regulator says it's concerned that retailers are confused about consumer guarantee obligations that took effect this year.

 

Rate cut tipped for May as business conditions slowly improve

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Businesses may receive another interest rate cut in May after SME conditions improved in the December quarter for industries sensitive to changes in the official cash rate, the latest NAB quarterly survey has revealed.

 

Experience design firm Different Solutions in administration

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Different Solutions, which claims to be Australia's largest experience design firm, has been placed in administration.

 

Here’s a company the high dollar is actually helping – Webjet delivers 17% lift in first-half profit

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Travel and accommodation booking website Webjet has delivered a 17% increase in first-half profits following a disappointing year, becoming one of the few companies to benefit from the rise in the Australian dollar.

 

Five things Facebook could buy with its $5 billion IPO kitty

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With Facebook's IPO on the horizon, it's only natural to start wondering about what the social network giant is going to do next.

 

Slater & Gordon considers class action against Bankwest over claims of “improper” lending practices

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The listed law firm Slater & Gordon has confirmed it is working on a class action against Bankwest, alleging improper lending practices after its takeover by Commonwealth Bank of Australia during the global financial crisis.

 

Ageing workforce will result in higher OHS costs, legal expert warns

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Businesses are being warned to ensure staff are consistently able to perform their physical duties at work even as they age, as an older workforce could potentially open up employers to a range of workers' compensation lawsuits.

 

What do small business ministers do? Typically, nothing: Jones

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In December 2011, Prime Minister Julia Gillard reshuffled her ministry. Naturally, senior Cabinet posts and significant demotions attracted attention. Unnoticed was that small business received a new minister: Senator Mark Arbib.

 

How a rate hike could save the banks: Gottliebsen

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Australia has one of the strongest banking systems in the world because our banks didn’t play the silly overseas banking games of lending to people, organisations or governments who were unable to repay loans. But we have a weakness – our so-called "funding gap" – and it's time to bring that weakness into the open, given that ANZ is this week deciding whether to lift mortgage interest rates.

 

MY BEST TECH: Billy Tucker

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Billy Tucker was, until recently, the chief executive of group buying site Cudo, but he's just left to start a new business called 57 Signals.

 



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