Mandatory Medicare levy surcharge proposal affects all high earners
The Australian Council of Social Service (ACOSS) has created a budget proposal that would require all high earners to pay a Medicare levy surcharge.
Etsy's new upgrade to bulk-edit tools not received well by sellers
While Etsy introduced new and better seller tools on Valentines Day, some of the rolled out changes are being met with difficulty and criticism.
Iron ore prices hit following Tuesday's high, commodity prices expected to go down
Chinese futures in terms of iron ore prices sustained a downfall on Friday. This comes on the heels of Australia’s central bank’s expectation that prices of commodities will go down again.
Tesla Model 3 release date, news & update: Elon Musk reveals grand plans; Wiring, display & battery details teased
Tesla CEO Elon Musk has revealed an aggressive production plan for its Model 3 sedan so that the electric vehicles hit the market by year end. In order to support the rollout, Tesla may need to raise more cash. Musk has stated that Tesla Model 3 production is very much on track and that the company is looking to ramp up production to 5,000 vehicles a week in the fourth quarter.
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Yahoo and Verizon amend agreement cutting deal price by US$350 million
Yahoo and Verizon finally agreed to close their pending deal but the acquisition price has been discounted by US$350 million (AU$455 million).
Coca-cola Amatil Thebarthon facility closure to leave 180 employees jobless
Coca-cola Amatil announced on Wednesday that it would close its Thebarton facility in South Australia.
Kitchen Republik fined $100,000 for underpaying working holiday visa holder
Kitchen Republik has been fined $107,551 for underpaying a foreign employee over a period of nine months from 2014 to 2015.
CBA responds to part-time workers superannuation issues
Commonwealth Bank of Australia (CBA) promised to rectify superannuation concerns after the Finance Sector Union of Australia (FSU) claimed that more than 7,000 part-time staff did not receive their full superannuation entitlements.
Tesla Model 3 update: Musk may satisfy analysts & investors with Autopilot 8.1, battery packs & production details; Tough competition ahead
Tesla is about to report its earnings on Wednesday but investors and analysts are not bothered about the figures. Contrarily, they are more interested in answers from Tesla chief Elon Musk regarding his mass-market electric vehicles, Tesla Model 3.
Unilever declines Kraft Heinz's US$143 billion offer
Unilever rejected Kraft Heinz's US$143 billion (AU$1.86 billion) offer, saying that it saw not financial or strategic merit in its company.
Ecofund climate change company killed off by Newman government
According to newly revealed documents, environmental health is not important to the governing body as it cut programs and sold Ecofund for less than what it costs. Ecofund was a state-owned carbon and environmental offsetting and advisory company.
Amazon arrival excites Aussies based on Nielsen research
Nielsen Omnibus has released a research showing Aussie customers were excited for the arrival of Amazon in their country.
Iron ore prices on the rise, demand expected to remain strong
Iron ore prices have witnessed a deviation from market expectations as the demand and prices of Chinese steel see new highs. Following three days of losses, iron ore spot markets returned to stable conditions on Friday.
ABA appoints Anna Bligh as first female CEO
Anna Bligh, former Labor MP, was appointed on Friday as the first female chief executive of Australian Banker's Association (ABA).
Reserve Bank of Australia: New $10 banknote design
The Reserve Bank of Australia released the newly designed $10 banknote on Friday featuring the famous Australian writers Andrew Barton "Banjo" Paterson and Dame Mary Gilmore.
Global markets continue to rise, analysts concerned about possible stock market downfall
FTSE 100, Britain’s top stock index, stands around 20 percent higher since the UK departed from the European Union. This set the highest recorded level for January. Meanwhile, US stock markets also enjoyed record-breaking high levels. Dow Jones and S&P 500 both went up more than 20 percent as compared to a year earlier.
Medibank debit problems caused by IT glitches
Medibank health insurance has blamed IT glitches for its 102 debit problems in the last quarter of 2016.
Adelaide's Finest Supermarkets claims self-serve checkouts as a disaster
Adelaide's Finest Supermarkets (AFS) has confirmed that it would not use self-serve checkouts in its stores.
Recession 2017: America in its 'bunny phase,' recession unlikely
The United States is currently in its “bunny phase,” a recognised economist has said. The reference came during the Fargo Moorhead West Fargo Chamber of Commerce’s annual Economic Outlook Forum. The event was attended by 600 people.
Blackberry 0% global market share, Gartner report
Blackberry's overall smartphone OS market share in Q4 2016 was 0.0481 percent.
Tesla Model 3 update: Rising popularity of crossovers & SUVs a threat to mass-market sedan; Make-or-break situation for EV maker
There’s a lot riding on Tesla Model 3 as far as the future of the electric vehicle maker is concerned. Whatever happens inside the automaker’s Fremont, California, factory in 2017 will decide whether the company will zoom towards a more sustainable future or slip into eternal doom.
National Australia Bank survey reveals employment index hits its highest level
The National Australia Bank (NAB) has released a survey in January showing that the country's economy was stronger compared to last year's Q3 report.
CSL meets China's strong blood demand, sales rise to US$805 million
CSL chief executive Paul Perreault has revealed that China has a strong demand of the company's albumin products.
Woolworths uses Microsoft Azure to prepare Amazon's arrival
Woolworths has decommissioned its in-house technology and shifted to Microsoft Azure as it prepared for Amazon's arrival.
Apple Inc. market value beats Google's Alphabet
Apple Inc.'s current market value costs US$699 billion (AU$909 billion), placing the company on top with a closing stock at US$133.29 (AU$173.46) per share.
Adore Beauty goes independent, ends Woolworths partnerhsip
Woolworths and Adore Beauty's partnership has ended after the make-up and hair products online retailer decided to be an independent company.
Iron ore prices defy market expectations, cross US$90 mark for first time since 2014
Iron ore prices witnessed a surprising upsurge as they crossed US$90 (AU$117.2) a tonne. This is the first time in more than two years the price has gone beyond the anticipated mark. The last time the same feat was achieved was in August 2014.
Bankwest new borrowers not eligibile to negative gearing benefits
Bankwest has announced that it will no longer include the negative gearing benefits in assessing the loan eligibility of new borrowers.
Domino's Pizza franchisees allegedly require visa sponsorship applicants to pay up to $150,000
Domino's Pizza has investigated the report from Fairfax Media about visa sponsorship scam.
Tesla Model 3 update: Electric vehicle may surprise everybody by launching car ahead of schedule
If latest reports are to be believed, Tesla will start building pre-production versions of Model 3 in a few weeks. It will launch the US$35,000 (AU$46,000 approx) mass market sedan in late 2017 and begin attending to the 400,000 pre-orders through 2018. Some auto experts believe that Tesla is on track to launch the Model 3 ahead of schedule.
JB Hi-Fi records $110.4 million net profit
JB Hi-Fi has recorded a statutory net profit of $110.4 million in its six-month period report.
Woolworths doubles the size of self-service checkouts
Woolworths has been taking a different direction than its competitor Coles through the number of self-service checkouts it produced.
Coles reduce self-serve checkout to beat supermarket theft
Coles has decided to restrict the number of items at self-serve checkouts to 12 items only.
AMP reports 57% loss in underlying earnings, first FY loss in 2003
Financial services company AMP suffered its first full year loss since 2003. The loss comes as the company goes through crisis in its life insurance and wealth protection divisions.
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