COMPANIES

Jetstar cuts costs by introducing automatic check-in scheme

Come November, Jetstar passengers will be confronted with electronic self-service tools as they print their own tickets and tag their own baggage. This campaign is included in the new cost-cutting measures from the low budget airline.

Commbank slackens staff’s social media policy

The Commonwealth Bank of Australia (ASX: CBA) has finally relaxed its tough rules towards employees using social media, following pressure from bank employees to amend heavy-handed elements of the policy.
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Australia's Online Retailer Gets $80M Investment

Australia's James Packer's Consolidated Press Holdings, Seek co-founder Andrew Bassat and American hedge fund Tiger Global have invested some $80 million in online retail giant called Catch of the Day.

NBN opens on mainland

The Federal Government's flagship National Broadband Network has had its grand opening on the mainland, in the NSW city of Armidale.

65,000 NASCAR fans break Guinness World Records for most flashlights lit simultaneously

Once the sun set and just before the start of the NASCAR Sprint All-Star Race at Charlotte Motor Speedway on Saturday, May 21, the raceway's house lights dimmed and fans "flashed their brights," breaking the Guinness World Records achievement for most flashlights lit simultaneously. Energizer outfitted the 65,000 fans with LED headlights as they entered the Charlotte Motor Speedway.

Woolworths sacks employees for ‘planking’

Woolworths has axed eight employees in three states for performing the potentially dangerous stunt of 'planking' on top of the store's meat grinders, display shelves, trolleys and stacks of milk crates.

Unilever tops global sustainability survey

Sustainability experts from across the globe were canvassed as part of the annual SustainAbility survey, with respondents asked to name the companies they consider sustainability leaders; why they think the firm is a leader in sustainable development; and which industries have done the most to advance sustainability in the past year.

Greenpeace warns of China-made toys

Environment group Greenpeace has warned consumers of the possible dangers pose by children's toys made in China because of the high percentage of a harmful chemical found in them.

EPA approves new coal-fired power plant

The Environment Protection Agency or EPA has approved a new coal-fired power plant, which will use gas from brown coal and natural gas to produce electricity, in eastern Victoria.

BlackRock to repurchase shares held by Bank of America

BlackRock, Inc. announces that it has agreed to repurchase Bank of America Corporation's remaining ownership interest in BlackRock totaling 13,562,878 of its Series B Convertible Preferred Shares for approximately $2.545 billion, or $187.65 per share.

Older workers the fastest growing employee base

The fastest growing employee base has been found to be the 'Twilight' generation, with workers aged over 63 growing at 8.6%, according to the first MyCareer employment forecast for 2011.

Performance management re-emerges as a priority for employers

Thompson suggested the annual appraisal system be replaced with performance management techniques that are implemented on an ongoing basis, providing feedback and developmental opportunities closely linked to the employee's and employer's goals.

Moody’s slashes credit rating of top four banks

Moody’s Investors Service, in the latest indication of increasing scrutiny of international banks, has slashed its credit rating for Australia’s big four banks, that are among the world’s most creditworthy.

Xstrata to phase out copper smelting

Global miner Xstrata Mount Isa Mines says it plans to phase out copper smelting at Mount Isa and refining operations in Townsville by the end of 2016 in a bid to sustain the future of its Mount Isa operations through expanded mining and concentrate production.

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