Companies

We’re losing pace, Medibank warns

SHARES in health insurer Medibank Private have fallen heavily after it conceded rivals were doing a better job of luring and keeping customers.

Telstra hit by another outage

TELSTRA was hit by another network outage today, leaving some corporate customers without phone and internet services for a few hours.

Seven stoush: ‘This is now war’

FORMER Seven West Media employee Amber Harrison allegedly planned a campaign against Tim Worner even before she left the company.

Commbank ‘short-changing’ workers

JUST days after posting a record billion dollar profit, Australia’s biggest bank has been hit by allegations that it’s short-changed its own employees.

A French accent? Holden’s latest upheaval

HOLDEN is on the brink of its biggest upheaval since it announced it would stop making cars in Australia.

Credit card interest rates slashed

IN A rare win for banking customers, one of the big four banks has moved to cut its credit card interest rates.

Medibank’s plan to lure customers back

MEDIBANK is trying to win back support with a raft of new sweeteners — as well as informing doctors on which specialists offer gap-free treatment.

ANZ unveils $1.6 billion profit

ANZ has posted a half-yearly net profit of $1.6 billion, up eight per cent on the prior corresponding period.

Medibank half-year profit up 1.9%

MEDIBANK has lifted half-year profit 1.9 per cent to $231.9 million as higher investment income offset lower returns from its health insurance business.

Marcs and David Lawrence store closures

FAILED women’s clothing brands David Lawrence and Marcs’ administrator has announced plans to close thirteen stores.

Stuff-up blacks out 60k homes

SOUTH Australia’s power distributor has apologised for accidentally cutting power to 60,000 extra customers during last week’s heatwave blackout.

‘Dishonest people work for us’

SEVEN West chairman Kerry Stokes has slammed Amber Harrison as ‘dishonest’ in a fiery defence of his embattled CEO Tim Worner as Seven profits slump.

‘It has nothing to do with my affair’

THINGS go from bad to worse for embattled Seven boss Tim Worner, who today had to announce a massive 91 per cent slump in profit on the back of his sex scandal.

CBA posts record first half cash profit

COMMONWEALTH Bank has lifted its first-half cash profit two per cent to $4.9 billion, but there’s bad news for interest-only investor loans.

‘Hippie’ dentist banned over HIV scare

HE DESCRIBED his clinic in Sydney’s eastern suburbs as “a bit third world”. Now his dodgy dental practice has finally been shut down.

‘Bullied’ ex-employee sues Lorna Jane

A FORMER employee of Lorna Jane is suing the popular sportswear company for $550,000 over what her solicitor has called “unacceptable” bullying and harassment.

Online beauty retailer parts with Woolies

MAKE-UP and hair products online retailer Adore Beauty and supermarket giant Woolworths have parted ways.

Supermarkets jack up food prices

NEXT time you do a shop, you might be unpleasantly surprised. Prices are rising as Coles and Woolies end big discounting.

JB Hi-Fi lifts profit 16 per cent

CONSUMER electronics retailer JB Hi-Fi has lifted first-half net profit 15.99 per cent to $110.4 million.

Traffic chaos as taxis blockade bridge

TAXIShave begun blockading the Bolte Bridge, bringing peak hour traffic to a standstill in Melbourne.

Coca-Cola profits fall 55 per cent

COLA-COLA is offloading assets and pushing mini bottles and cans in a bid to claw back revenue after sales fell by $59 million.

Right-wing cereal boycott’s epic fail

KELLOGG says it saw no effect from a boycott spurred by its decision to pull ads from a website formerly run by one of President Trump’s top aides.

RBA governor backs company tax cuts

THE Opposition’s attacks on the Turnbull Government’s push for corporate tax cuts have been dealt a blow overnight by RBA governor Philip Lowe.

Westpac banker jailed over $4m fraud

HE SIGNED them up for massive loans and took their money, promising big returns— but it all disappeared in a puff of smoke.

Why Australia’s big business must play fair

OPINION: For countless decades Australia’s largest corporations and government departments have been mercilessly bleeding cash from our employment engine room. Enough is enough.