News: Money

Banking royal commission: AMP to refund super customers who lost money to fees and charges

Friday  07:37,   17 august 2018

Investment firm AMP will refund superannuation customers who lost money on their retirement savings because their cash investments were eroded by fees and charges, the banking royal commission is told.The banking royal commission has been told AMP's [...]
News / Money

'Not fair': Ratepayers seeing red with 70 percent increase

Friday  05:55,   17 august 2018

Grandmother Kerrie Damen, who lives in Hoppers Crossing in Melbourne, saw her annual bill jump $1700.Some ratepayers are seeing red after rates skyrocket as much as 70 per cent in their[...]

That $245 million Powerball winner faces high taxes and little chance of remaining anonymous

Friday  05:30,   17 august 2018

Because the ticket was purchased in Staten Island, New York, whoever is holding the winning ticket will pay the highest lottery taxation rate in the nation and likely cannot keep their name out of the public eye.Not only will the ticket holder face[...]

Comment: NBN came in like a wrecking ball, and worse is to come

Friday  05:30,   17 august 2018

Telstra's result, while clearly foreshadowed, underscores how much value was expropriated from shareholders when the telco was bludgeoned into co-operating with the NBN. Former Telstra chairwoman Catherine Livingstone and then-CEO David Thodey[...]

ABC to close online store and ABC Centres in bookshops and newsagents across the country

Friday  05:30,   17 august 2018

The ABC has revealed plans to end its direct retail operations by the end of this year by closing its ABC Shop Online and in-store ABC Centres.Since then, ABC products — including DVDs, music, books and toys — have been sold via the ABC’s own online [...]

Would Walmart kill Kmart? Why the U.S. juggernaut's arrival in Australia would spell the end for the discount retail chain

Friday  02:56,   17 august 2018

The founder of the Dick Smith Electronics chain said the Walton family-owned company would offer buy Kmart from its Perth-based parent company Wesfarmers within five years.The founder of the Dick Smith Electronics chain claimed the world's largest[...]

Coles Little Shop's rarest collectable item still up for grabs

Friday  02:56,   17 august 2018

700 of them out[...]

'True Aussie icon': Birdsville Hotel listed for sale after 40 years

Friday  01:30,   17 august 2018

The outback hotel is known as one of Australia's most popular remote watering holes.The sandstone walls hold plenty of history and the hotel is known as the centre of a town more than 1600 kilometres from[...]

“No question”: Franchises are more successful than other small businesses, says Boost Juice founder Janine Allis

Friday  01:06,   17 august 2018

Shark Tank investor Janine Allis has dismissed concerns around franchising in Australia, revealing Boost Juice franchise inquiries are 'stronger than ever'.“There’s no question — you’re three times more likely to be successful with a[...]

Intel adds more power to its 8th-generation NUC mini-PCs

Thursday  20:31,   16 august 2018

So far, Intel's biggest NUC news of the year is its Hades Canyon mini-gaming PC with AMD RX Vega graphics. The NUCs come in two form factors, with the smaller one supporting M.2 SSDs and the larger one both an M.2 and 2.5-inch SATA SSD. [...]

Samsung's Harman unveils its new premium soundbar lineup

Thursday  16:31,   16 august 2018

When Samsung acquired Harman International Industries last year, it was pretty obvious the tech brand had eyes on the Harman Kardon audio division. Both feature Dolby Atmos and DTS:X for a rich, three-dimensional sound, plus up- and[...]

IT'S OFFICIAL: Goldman Sachs is advising Elon Musk on his plans to take Tesla private

Thursday  15:06,   16 august 2018

Goldman Sachs is working with Tesla on its bid to go private, the bank confirmed Wednesday. It's still unclear if there was a formal agreement when Elon Musk tweeted about working with the Wall Street firm.Load[...]

Results wrap: Origin Energy, QBE and Treasury Wine Estates

Thursday  13:06,   16 august 2018

Several major companies have reported their results today — including Telstra, which posted an 8.4 per cent slide in profit. QBE, Treasury Wine Estates and Origin Energy also reported their[...]

Facebook says birthday fundraisers have raised more than $300 million over the past year

Thursday  10:31,   16 august 2018

Facebook marked the first anniversary of its birthday fundraisers by revealing that more than $300 million in donations have been raised through the feature, which lets users mark their birthdays by creating a donation drive for an organization of[...]

Google One launches with cheaper cloud storage plans

Thursday  10:31,   16 august 2018

For some reason, Google is rebranding Google Drive storage plans under the name Google One. As for the name change, I suspect Google decided to introduce the “One” brand to clarify that this storage isn’t just limited to Drive but is also[...]