Greens introduce amendment limiting CEO salaries
A new amendment to the executive bill restricting the salary of a CEO to only 30 times the average wage of a regular employee of the same company is being pushed by the Greens into the government.
Qantas engineers call off industrial action for now
Qantas Aiways’ maintenance engineers have decided to postpone all industrial action over their claims for job security.
Gillard rejects Abott’s early poll call
No election to test her directive on the carbon tax shall be called for as the parliament runs full term, Prime Minister Julia Gillard said.
Leighton Finance to redeem US$110m Indonesian bond issue; Non-exec director resigns
Leighton Finance International, Leighton Holdings Ltd’s (ASX: LEI) wholly owned subsidiary, is redeeming the five-year 7.875 per cent fixed-rate US$110m Guaranteed Notes issued on 16 May 2006.
Mining boom at risk as China reduces reliance in Australian minerals
Australia’s competitive advantage is in danger as the country’s freight advantage is being eroded, and as China lessens its dependence on Australian minerals, says a free market think tank.
Fujitsu to deploy NBN Co’s new developments
NBN Co has contracted Fujitsu Australia as its prime alliance partner to deliver fibre infrastructure to New Developments. Fujitsu will manage the design, construction and associated works for the deployment of fibre to new developments, with the initial value estimated at over $100M for the first 12 months.
NSW Govt ‘right to axe property tax’
The NSW Government made the right decision in scrapping the ad valorem tax on property, according to the Property Council of Australia.
Daily deals site Groupon launches in NZ
Groupon, the group buying site that features a daily deal on the best stuff to do, eat, see and buy in more than 500 markets around the world today announced its launch of the Groupon New Zealand, which began offering deals on May 10, 2011.
Rare earthquake hits Spanish ancient town Lorca
Ancient town Lorca in Spain was hit by a rare 5.3 magnitude earthquake on Wednesday, damaging old churches, causing houses to collapse and killing at least 10.
Strong Aussie dollar an integral business tool, say small businesses
Two out of three Australian small businesses think that ‘business is good’, with some considering the strong Australian dollar an integral business tool, according to a new small business survey released today by Westpac.
Stamp duty discount for first home buyers may apply to pre-July purchases
While the recently announced 20 per cent discount on stamp duty for first home buyers does not come into effect until 1 July this year, it may apply to homes purchased now according to the Real Estate Institute of Victoria.
2500 passengers affected as Qantas cancels 31 flights
Australian national carrier Qantas Airways (ASX: QAN) has been forced to cancel 31 flights affecting around 2500 passengers and delay another 46 flights during tomorrow's morning-peak, as a result of union-led industrial action from licensed engineers.
US finds Osama bin Laden's diary
Osama bin Laden's journal was seized during the May 2 dramatic US raid that ended his life.
Dollar loses ground as unemployment rate continues worrying trend
Australia’s unemployment rate stayed at 4.9 per cent in April, official figures from the Australian Bureau of Statistics (ABS) show today.
Americans hopeful but cautious on housing market, economic recovery
Americans expressed more cautious optimism during the first quarter of 2011 than in the fourth quarter of 2010, but they continue to lack confidence in the overall strength of the housing market and economic recovery, according to Fannie Mae's latest national housing survey.
WikiLeaks' founder receives Australian peace prize
Julian Assange, WikiLeaks' Australian founder, was given a peace award on Tuesday for "exceptional courage in pursuit of human rights."
Facebook applications leak personal information
Security researchers at Symantec sad a programming bug on Facebook’s website may have unintentionally given advertisers and others access to a bunch of personal information. This issue may have affected almost 100,000 Facebook applications for now.
Goddess-inspired swimming suits incite Indian fury
A skimpy swimsuit print that is part of the newest goddess-inspired collection uncovered by a Byron Bay swimsuit designer angered the Indians.
Bin Laden’s son condemns his father’s sea burial
According to an online monitoring service, a statement believed to be authored by Osama bin Laden’s fourth eldest son, Omar bin Laden, condemned the al Qaeda leader's killing as "criminal" and said his father’s burial at sea had disgraced the family.
Westpac chairman to step down; bank names replacement
Westpac (ASX: WBC) says its current Audit Committee Chairman, Lindsay Maxsted will succeed Ted Evans as Chairman when he retires following the 2011 Annual General Meeting on 14 December 2011.
Australian businesses to benefit from 2011 Budget: CBA
Businesses in Australia will benefit from the latest Federal Budget, following several positive announcements handed down overnight, according to the Commonwealth Bank of Australia (ASX: CBA).
Queensland insurance claims hit 118K as assessments near completion
The Insurance Council of Australia has released updated figures on how the general industry has responded to the enormous task of assessing over 118,000 insurance claims received as a result of the Queensland floods and Cyclone Yasi.
China’s first passenger car on Australian roads falls short on safety
Recently introduced budget auto, the Chery J1, China’s first passenger car in the Australian market has been rated just three stars out of a possible five by the Australasian New Car Assessment Program (ANCAP).
Budget 2011 leaves aged care in limbo
This year’s Federal Budget has left aged care in limbo, according to the peak body for Australia’s not-for-profit aged care service providers.
Microsoft finalizes deal to buy Skype
Microsoft Corporation is near to securing a deal to purchase the Internet phone company Skype Technologies costing $7 to $8 billion.
First US full face transplant recipient on spotlight
Dallas Wiens, the beneficiary of the world’s first full face transplant, remains overwhelmed with the result of his surgical treatment after an electrical accident horribly disfigured his face.
Romans in fear of possible May 11 tremor predicted by dead seismologist
A devastating earthquake purportedly predicted for that day by a long-dead seismologist has made Roman locals to leave their town in fear of the catastrophe.
Al Qaeda's second-in-command gains support as he vows revenge attacks
Ayman al-Zawahiri, Al Qaeda’s second-in-command, gained support from a linked militant group In Iraq and swore more attacks in vengeance for Osama bin Laden’s death.
NSW’s private rental market won’t survive Gillard’s rumoured Vendor Tax
Families, essential service personnel and lower income earners will be the victims of rumoured moves by the Australian Government to introduce a vendor tax and cut negative gearing on investment properties. Media reporting suggests the moves could be part of Tuesday’s Federal Budget.
Coles’ milk price cut not damaging to dairy industry: Senate inquiry
The Senate’s second interim report into milk pricing has acknowledged the customer benefit of lower milk prices - and that such benefits should not be dismissed lightly.