'Bad day for working Australians': Sunday penalty rates slashed
Hundreds of thousands of Australians who work on Sundays will have their take-home pay reduced after a landmark ruling by the national workplace umpire.
Hundreds of thousands of Australians who work on Sundays will have their take-home pay reduced after a landmark ruling by the national workplace umpire.
Nine Entertainment reports a $237 million loss for the six months to December.
The Chinese high rollers might be deserting his casinos, but the cash will still be rolling in for billionaire James Packer.
Business investment numbers disappoint again, pressuring the Aussie, while shares take a leg down as investors take profits in the big miners.
Real estate company McGrath posts a 72 per cent fall in half year pro-forma profit.
Nine Entertainment Company has reported a $237 million loss in the six months to December after reducing the Nine Network's goodwill from $422 million to $162 million.Â
Business investment fell by 2.1 per cent in the December quarter, which missed market forecasts of a 0.5 per cent fall.
The owner of Gold Coast theme park Dreamworld says a 45-closure of the park resulted in a huge loss for the half.
An influx of international competitors and softness in the domestic market has sent Qantas' profit down 7.5 per cent in the first half of the financial year.
​Ardent Leisure has slipped to a near $50 million loss and written down the value of its Dreamworld operations by more than $90 million after a massive slump in visitor numbers following last year's fatal accident.
Crown Resorts reports a drop in revenue and a half year net profit fall of 9.6 per cent.
Backpackers are not the only ones flocking to our shores in world beating numbers. Australia attracted more millionaires last year than much larger, and wealthier immigration destinations like the US,
Airline Qantas announces a 25 per cent fall in its half-year profit. (Vision courtesy ABC News 24)
Crown Resorts half year result slumps on collapse in VIP revenue.
A Sunday shift worker and restaurant manager argue their side for whether penalty rates should be cut or not.
Solid growth in parcel volumes has delivered a huge boost in first-half profit for Australia Post despite an 11 per cent fall in letter volumes.
Shares in listed real estate group McGrath took another hit on Thursday as it warned "challenging" market conditions were likely to continue after reporting a dive in half-year pro-forma profit.
Ramsay Health Care has announced that CEO Chris Rex plans to retire this year as it delivered a 13.8 per cent rise in interim net profit to $255.9 million.
Telstra has offloaded its 6.5 per cent stake in Autohome for $US217 million ($282 million), ending its association with the Chinese car classifieds business.
An interest rate hike in the United States is likely to be "fairly soon", according to the Federal Reserve minutes overnight, while there is a big earnings day ahead on the ASX.
US Federal Reserve officials expressed confidence a hike could come "fairly soon", to avoid the risk of an overheated economy, FOMC minutes showed.
Low wage growth is what the Coalition wanted. Within weeks of being sworn in as employment minister in 2013 Eric Abetz warned "weak-kneed employers" not to cave in to unreasonable demands.
I'll give it to you cold. Electricity prices are going up.
The results come as Fairfax prepares to separate its real estate classified site Domain and list it separately on the stock exchange. Fairfax is expected to keep a controlling stake - up to 70 per cent - which would ensure it captures the profits if earnings continue to increase at the same pace.
Medicinal marijuana stocks soared after the Federal Government pledged to loosen importation laws in a bid to boost supply for patients.
Ballarat and Bendigo faced losing electricity during the recent great eastern Australian heatwave so NSW could avoid power cuts, underscoring the parlous state of the country's grid.
Private-sector wage growth has slid to record low of just 1.8 per cent, throwing into doubt budget projections and confounding the Reserve Bank, which would prefer not to have to cut interest rates again and run the risk of reigniting house prices.
Coca-Cola Amatil announced the investment in its Queensland facilities as part of a supply chain restructure, but it was unclear whether the investment would create more jobs at the Richlands plant.
"A simple alteration could deny a claimant millions of dollars and save the company in the process"
Stockland, one of the country's largest home developers, said the strong residential markets along the eastern seaboard, stable retail sales from its tenants and higher office rents going forward, will underpin its growth in the full year.
Society attitudes towards new venture creation need to change.
They're not a pool or a separate space for the kids, so what are they?
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