News archive from 23 June 2013

Casino big-guns face off in Sydney

The owner of Sydney's The Star casino has been accused of launching a pre-emptive PR campaign by revealing details of its $1 billion casino bid. Echo Entertainment, the holder of Sydney's sole casino licence, plans to connect Pyrmont, Darling Harbour...

SBS, 10:53 in Business
 
Holden boss Mike Deveraux warns of pay cuts and job losses to help company survive

Holden boss Mike Deveraux warns of pay cuts and job losses to help company survive

Holden chief Mike Deveraux has warned of pay cuts and more job losses, saying the car maker must radically and quickly reduce costs to survive in Australia.The company says it is facing unprecedented challenges and is now asking its workers to help it...

ABC News, 11:24 in Business
 
Holden boss Mike Deveraux warns of pay cuts and job losses to help company survive

Holden boss Mike Deveraux warns of pay cuts and job losses to help company survive

Holden chief Mike Deveraux has warned of pay cuts and more job losses, saying the car maker must radically and quickly reduce costs to survive in Australia.The company says it is facing unprecedented challenges and is now asking its workers to help it...

ABC News, 12:45 in Business
 

Star casino owner unveils resort proposal

The owner of Sydney's The Star casino has unveiled plans for a "world first" resort linking harbour precincts, while leaving the door open for a restricted second casino from rival James Packer. Echo and the rival Packer Crown Group...

SBS, 13:48 in Business
 

Echo will allow Crown casino with a catch

James Packer's planned casino at Sydney's Barangaroo could still go ahead, despite a surprise resort-style proposal unveiled by rival Echo. But Mr Packer would have to live with a limited gaming licence and the state government would miss a $250...

SBS, 16:32 in Business
 
Unions raise doubts over Telstra's copper network; workers using plastic bags to waterproof cables

Unions raise doubts over Telstra's copper network; workers using plastic bags to waterproof cables

Unions have told the ABC Telstra's copper network is in a state of disrepair, with workers at the coalface of the infrastructure using plastic bags to protect cables from water.The telecommunications pits have been nicknamed 'bag-dad' by contractors...

ABC News, 16:46 in Business
 
Julia Gillard attends Holbrook ceremony to mark completion of Hume Highway duplication

Julia Gillard attends Holbrook ceremony to mark completion of Hume Highway duplication

The Prime Minister has officially opened the Hume Highway bypass at Holbrook in southern New South Wales.Julia Gillard was joined by Federal Transport Minister Anthony Albanese and New South Wales Roads Minister Duncan Gay to open the...

ABC News, 17:30 in Business
 
Sydney's Star Casino offers $250 million for exclusive licence

Sydney's Star Casino offers $250 million for exclusive licence

The company that runs Sydney's Star Casino has offered to pay the New South Wales Government $250 million if it is given an exclusive casino license until 2034.Echo Entertainment had unveiled its plans for a $1 billion redevelopment in competition to...

ABC News, 18:38 in Business
 

Pull your finger out

1. Take control of your emails Amanda Bennetts, CEO of Bennetts Wide Calf Boots says she’s most likely to procrastinate when she opens her email account. “I normally have more than 50 emails I need to attend to when I open my mail and at times I feel...

 

Pull your finger out

1. Take control of your emails Amanda Bennetts, CEO of Bennetts Wide Calf Boots says she’s most likely to procrastinate when she opens her email account. “I normally have more than 50 emails I need to attend to when I open my mail and at times I feel...

 

Pull your finger out

1. Take control of your emails Amanda Bennetts, CEO of Bennetts Wide Calf Boots says she’s most likely to procrastinate when she opens her email account. “I normally have more than 50 emails I need to attend to when I open my mail and at times I feel...

 
Strong dollar and rising cost of labour blunt Australian edge

Strong dollar and rising cost of labour blunt Australian edge

Labour costs in Australia have grown at twice the pace of other OECD countries over the past decade, adding weight to claims by Holden chief Mike Devereux that local wages are out of line with the rest of the world. But the figures from the...

 
Banks make $71 million profit - a day

Banks make $71 million profit - a day

Australia's big four banks have been ranked the most profitable in the developed world for the third year running, reigniting criticism about their market dominance. With big bank profits likely to exceed $26 billion this year, figures show the...

 

Brown flies higher as Qantas, Emirates tweak Tasman routes

It comes amid a reshuffle of senior executives at Emirates, which has resulted in the promotion of the head of its Australasian operations, Barry Brown, to a top role in Dubai. Mr Brown, who played a key part in forming the alliance with Qantas, will...

 

Hipster ads put CBA on the nose

Facebook reaction was swift and deadly. ''I don't think the 'delete message' can be pressed fast enough,'' said one. ''I just hate hipsters,'' said another. And, harshest of all: ''Don't know what's more annoying, this or the Tom Waterhouse ads.''...

 
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