News archive from 21 July 2013

Hundreds of Holden workers at Elizabeth plant in Adelaide accept voluntary redundancies

Hundreds of Holden workers at Elizabeth plant in Adelaide accept voluntary redundancies

Four-hundred workers at Holden's Elizabeth car plant in Adelaide have taken voluntary redundancies and will finish work on Friday. The future of Holden in Adelaide is still in doubt with the company expected to finalise its business plan in...

ABC News, 09:54 in Business
 
Origin Energy chief says low carbon price will encourage future investment in coal-powered plants

Origin Energy chief says low carbon price will encourage future investment in coal-powered plants

One of Australia's biggest energy providers says carbon would have to be priced at about $40 a tonne before it would move away from developing new coal-fired power stations.The Federal Government wants to scrap the fixed carbon price and introduce an...

ABC News, 11:51 in Business
 
Survey finds many Australian employers value men over women, prefer workers without children

Survey finds many Australian employers value men over women, prefer workers without children

A large number of Australian businesses prefer male employees without children or relationships, according to a survey by workplace management consultancy Kronos.Kronos's Peter Harte says research found 38 per cent believe men are better employees...

ABC News, 13:59 in Business
 

Jobs, growth on G20 compass

At a meeting in Moscow in an exhibition hall just outside the Kremlin walls, the finance chiefs from the top 20 advanced and emerging economies in the world showed an unusual unanimity over the risks and priorities for the economy. Spooked by the...

SBS, 14:58 in Business
 
Pakistani power company appeals to customers' religious consciences to stop theft

Pakistani power company appeals to customers' religious consciences to stop theft

A Pakistani power company has been appealing to its customers' religious consciences in an attempt to stop them stealing electricity.The Peshawar Electric Supply Company (PESCO) has taken out front page advertisements in three major newspapers in the...

ABC News, 21:43 in Business
 
More mums working from home amid the rise of the 'mumpreneurs'

More mums working from home amid the rise of the 'mumpreneurs'

HER husband may have raised his eyebrows when she decided to turn her back on a six-figure salary to become a life coach, but Kathryn Hocking had no doubt it was the right decision. And now through her business Reverie Coaching, she is sharing her...

 

Polls have changed, but Labor hasn't

Is that all it takes? Can the mere replacement of an unpopular woman with a popular man make a world of difference? Does it transform Labor's six-year record in government from disastrous to fair enough? (Admittedly, Kevin Rudd's reinstatement has...

 

Perennial hopes come to an end

Entitlement to the fee was said to arise from a ''change of control'' transaction in 2006, when the trio, Mike Crivelli, Anthony Patterson and John Murray, merged their outfit, Perennial, with the Oddfellows. No fee was paid, and the three executives...

 
Recovery hopes for bank's $8b British property assets

Recovery hopes for bank's $8b British property assets

Signs of life in the ailing British economy have sparked predictions of an improvement in National Australia Bank's portfolio of troubled UK commercial property assets. After British banks RBS and Lloyds recently revealed declines in their bad...

 
Buyer digs deep in Collingwood despite tunnel proposal

Buyer digs deep in Collingwood despite tunnel proposal

The prospect of nearby tunnel drilling did not deter the buyer of a renovated Collingwood worker's cottage on Saturday. A buyer paid $1.04 million after auction for the four-bedroom cottage at 15 Forest Street, just 100 metres from the Eastern Freeway...

 
Blackstone plans float to add to healthy second-quarter returns

Blackstone plans float to add to healthy second-quarter returns

US private equity group Blackstone could raise as much as $US700 million ($764 million) from a public sale of 522 US shopping centres it acquired in 2011 as part of its $US9 billion rescue of Australian Centro Properties. The price is yet to be...

 
Lower rates to benefit Victoria, NSW most

Lower rates to benefit Victoria, NSW most

New South Wales and Victoria will be the main beneficiaries from low interest rates and a falling Australian dollar, as Western Australia struggles from a winding back in mining investment. With the official cash rate falling 200 basis points to 2.75...

 
Unilever's Aussie profits plunge

Unilever's Aussie profits plunge

The local offshoot of Anglo-Dutch consumer products giant Unilever, which sells everything from shampoo and ice-cream to tea and laundry powder, has been hit by a profit collapse of almost 50 per cent to $43.12 million as revenues flat-lined in 2012....

 
European tax authorities to see Aussie bank details

European tax authorities to see Aussie bank details

The federal government is stepping up efforts to catch global tax dodgers, unveiling a plan to share sensitive financial information with tax authorities in Europe's biggest economies. The agreement came as G20 finance ministers threw their support...

 
Forrest 'dominated' board

Forrest 'dominated' board

Key early investors in Andrew ''Twiggy'' Forrest's Fortescue Metals Group have accused the mining magnate of wielding too much influence over the board of the company. In the latest attack on corporate governance at the nation's third biggest iron ore...

 
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