News: Money

BGC construction firm put up for sale to resolve Len Buckeridge heirs' family feud

Friday  04:15,   25 may 2018
msn

<p>The company's workforce of around 4,300 was briefed at a meeting on Thursday afternoon. The decision comes after the business shed staff earlier this week.</p>It follows a protracted legal dispute over the distribution of his fortune[...]

AGL to transform coal mine into renewables plant

Friday  04:06,   25 may 2018
msn

Power giant AGL is pushing ahead with plans to get out of coal, with the company on the cusp of signing a deal to turn an open cut coal mine into a pumped hydro-electric facility. 9NEWS understands a contract is being finalised between AGL and[...]

Why female GPs are charging more at this clinic

Friday  03:35,   25 may 2018
msn

A Melbourne GP clinic will be investigated after it was found to be charging more for consultations with its female doctors.  Myhealth in North Eltham displayed a sign that listed a standard consult with a male doctor at $75, compared to $82[...]

Hasbro just trademarked the unforgettable smell of Play-doh

Friday  02:55,   25 may 2018
techly.com.au

<p>As for their mascot – who, you may be surprised to learn, is named Play-doh Pete – he first turned up in 1960 wearing a beret, although he underwent a bit of a makeover and switched the beret for a baseball cap.</p>Were a fine-wine[...]

Banking royal commission: Commonwealth Bank delayed writing to overcharged business customers

Friday  02:55,   25 may 2018
abc.net.au

A Commonwealth Bank executive admits the bank put off writing to overcharged small business customers so that he could avoid being grilled at a parliamentary hearing. CBA's executive general manager of retail products Clive van Horen returned to the [...]

Australia's 5 richest men are worth $30 billion more than the 5 wealthiest women

Friday  02:55,   25 may 2018
businessinsider.com.au

It's been a good year for Western Australian miner Gina Rinehart, with a lift in commodity prices adding more than $2 billion to her personal fortune, taking it to $12.68 billion according to the 2018 Financial Review Rich List. Packaging scion[...]

More consolidation on the way, as NSW shoe retailer Shoe Box collapses into liquidation

Friday  02:06,   25 may 2018
smartcompany.com.au

Heightened online competition and "a retail sector verging on recession" have caused NSW retailer Shoe Box to collapse into liquidation, as the sector braces for even more consolidation. NSW-based Shoe Box operated five stores across[...]

New research debunks the myth that 'Australian' home prices are falling

Thursday  17:33,   24 may 2018
businessinsider.com.au

Australian home prices have fallen by 0.3% over the past three months, leaving the increase over the past year at just 0.2%. New research from CoreLogic reveals it's only the top of Australia's housing market where prices are currently[...]

Australia's embattled AMP appoints new group general counsel

Thursday  17:33,   24 may 2018
reuters

Australia's largest wealth manager AMP Ltd (AMP.AX) said on Thursday it would appoint David Cullen as the group's general counsel effective immediately. Cullen replaces erstwhile in-house lawyer Brian Salter, who resigned last month with[...]

Westpac in partial win over ASIC on rate rigging

Thursday  17:32,   24 may 2018
msn

Westpac has defeated most of the corporate watchdog's allegations against it.Justice Jonathan Beach on Thursday said there were four occasions where Westpac traders had acted with the dominant purpose of influencing the bank bill swap rate,[...]

Australian auction clearance rates hit another multi-year low as Sydney sales slide again

Thursday  17:32,   24 may 2018
businessinsider.com.au

Australian auction clearance rates fell to the lowest level since early 2013 last week, according to final figures released by CoreLogic[...]

Digital growth rockets at gambling giant Aristocrat

Thursday  17:32,   24 may 2018
brisbanetimes.com.au

Australia's largest pokies manufacturer says its bet on the booming free-to-play online gaming market is starting to pay off.Australia's largest pokies manufacturer says its bet on the booming free-to-play online gaming market is paying off,[...]

HSBC CALLS IT: Australia's housing boom is over

Thursday  17:31,   24 may 2018
businessinsider.com.au

Australia's housing market has cooled noticeably over the past year. HSBC Australia says this has not been driven by one sole factor, but many.To Paul Bloxham and Daniel Smith, Economists at HSBC Australia, the writing is now on the wall:[...]

Sir Frank Lowy bows out as Westfield investors overwhelmingly back takeover

Thursday  17:31,   24 may 2018
smh.com.au

More than 97 per cent of Westfield shareholders voted in favour of its $32 billion merger with Paris-based retail giant Unibail-Rodamco. In an overwhelming show of support, 97.5 per cent of shareholders in the 58-year old listed Westfield voted in[...]

Google Lens updated with smart text selection and real-time lookup

Thursday  17:31,   24 may 2018
engadget

The new features Google showed off at I/O 2018 will soon land on your Android devices if they haven't yet.&nbsp;According to 9to5google, smart text selection, style match and real-time results have started rolling out to people's Lens[...]