The NSW university that has underpaid staff millions of dollars
A NSW university will return $10 million to thousands of current and former employees after it discovered it has underpaid their superannuation entitlements since 2009.
Latest Business News
Miners' strike that may have cost BHP $1.3 billion
BHP Billiton is still counting the costs of a six-week strike at one of its biggest mines, but Chile is estimating it at $1.3 billion plus.
The jobs that will give you the biggest pay rise
Hone your computer skills: Finance and IT professionals can expect the highest salary increases this year as wages across the board stagnate.
Markets Live: Resources prop up ASX
Strong gains in miners and energy stocks aren't enough to offset losses in the banks and another bad day for Telstra.
Anna Bligh concedes banks face 'implosion' of public trust
"Banks understand that they are swimming against the tide of powerful global forces that can be extremely exhausting and dispiriting".
Unloved but potentially underowned
The much-battered Navitas is enjoying some good news, having been nominated as one of the few companies singled out for counter-consensus outperform calls from equity strategists.
Banks struggle to rejig pay to reward staff putting customers first
Banks need to think harder about how they measure customer satisfaction when it comes to rewarding staff, according the head of a government inquiry into banking remuneration.
Nurofen must pay $6 million penalty after final appeal rejected
The manufacturer of Nurofen must pay a $6 million penalty, after a final appeal to the High Court was rejected on Wednesday.
Fairfax readies to strip out $30m costs
Fairfax Media has begun a period of staff consultation ahead of job cuts that will contribute to lowering costs by $30 million.
Former banker to lead APS digital transformation
Taylor turns to banking sector to get digital transformation back on track.
Diamond sells for highest price ever paid
You could buy more than a dozen Sydney harbourview mansions.. or splurge out on this rare gem.
Divorced couple locked in legal spat over $93m share market bonanza
After 35 years of marriage, this wealthy couple split. She got $15 million in a settlement, but claims she did not know about the $93 million bonanza her former husband was about to cash in on the stock market.
Is this man responsible for killing Australian fashion?
H&M; boss says the multinational isn't to blame for the demise of Australian labels as it sharpens its sustainability focus.
US 10-year yield to drop
A bond rally is likely to continue with yields on 10-year Treasuries poised to slide below 2 per cent, says Jeffrey Gundlach.
Butter or margarine? Dunkin' Donuts hit with class action
Jan Polanik has sued the donut chain for serving him "margarine or a butter substitute" instead of butter with his bagels for four years.
8@eight: Strong start in store for ASX
The local sharemarket is set to open higher as the ASX continues to eye off the 6000-point mark.
What happens when a heatwave hits in a post-Hazelwood world?
Extreme heat is a test. It tests people and the systems they rely on, not least the electricity system. So in a post-Hazelwood world, how will the national electricity grid cope during hot days as we seek comfort by cranking up our cooling systems?
Chinese stocks as dividend play
Despite a historic reluctance to embrace dividends, China has emerged as one of the best dividend trades this year.
Who you work with matters more than your pay: happiness survey
The freedom you have to do your job and the support you get from colleagues and bosses is more likely to make you happy than your pay packet, a new study has found.
RBA boss blames lax lending, tax breaks for house prices
Reserve Bank governor Philip Lowe intervenes in the debate over tax and home prices before the May budget.
Oil nears month high on US bets
Oil prices rose, supported by an unplanned outage in the North Sea and expectations of a drawdown in US crude inventories.
Fed's Lacker resigns over 2012 leak
Richmond Fed boss Jeffrey Lacker quits for disclosing information related to the US central bank's deliberations in 2012.
O'Reilly advertisers jump ship amid sexual harassment allegations
The financial fallout is growing as the sexual harassment scandal at Fox News is spreads.
Adani's giant coal mine granted unlimited water licence for 60 years
The proposed Adani coal mine has been granted unlimited access to groundwater in a move farmers fear will allow it to drain huge amounts of water from the Great Artesian Basin.
'Mr Probity': the ethics adviser scrutinising the land titles sell-off
Rory O'Connor, the probity adviser on the land titles registry privatisation, has scrutinised several controversial deals of Labor powerbrokers.
Federal budget to tackle Australia's $21b 'black economy'
Black economy is hard to tackle because Australians see cash-only payments as 'almost a national sport'.
When do an employee's private actions cross the line?
How far off the reservation can an employee stray before they have to be reined in or face disciplinary action?
Exploitation grows from ethical issue to investment risk
It is little wonder employees, investors and consumers have hit zero tolerance on wage fraud issues.
Calombaris pay scandal tests business relationship
The underpayment of $2.6 million in wages by celebrity chef George Calombaris​ has caused major ructions with his new business partner, Radek Sali, who could be forced to bail out the embattled hospitality empire.
Cromwell lobs $3b bid for Investa Office Fund
Cromwell Corporation has ended months of speculation by making an after-market unsolicited, indicative, non-binding proposal for Investa Office Fund, valuing it about $3 billion.
Small Business
'Pretty close to extortion': Mars, Kellogg's and Fonterra pushing loans on small business
The small business ombudsman says big businesses including Mars, Kellogg's and Fonterra have a gun to the head of small businesses with their loan schemes.
Tax deductions without a benefit, are a loss
It is an unfortunate fact of life that too often business owners have a total aversion to paying income tax.