Posts Filed Under:Business & Economy
Sacked Westpac bank staff forced to train their replacements
At least 188 staff have been made redundant in the restructuring of the bank’s technology and at least 2000 Westpac jobs could go. According to the report sacked staff are being made to train Indian workers, who are here on temporary visas, at Westpac’s Sydney City offices, after the completion of their training Indian staff [...]
Heinz Australia cuts more than 300 jobs
Heinz fire more than 300 Australian workers as it will be moving its production to New Zealand. Jobs from Victoria, NSW and Queensland will be moved to Hastings New Zealand as Heinz plans to shift its production of sauces, beetroot and meal products to New Zealand. Voting Julia Gillard’s Labor Government, Greens, Labor Union, workers’ [...]
Australian dollar climbing towards 110 US cents
Australian dollar. Photo: Thulung Photo Australian dollar is breaking another record as it keeps climbing towards the 110 US cents. Yesterday at 5pm it was trading at 107.79 US cents and this morning at 11am the Australian dollar was trading at 109.02 US cents.
Rupert Murdoch to buy his daughter’s company for $1.1billion
Family: Elisabeth Murdoch with her father the News Corp man Rupert Murdoch. Photo: ReutersRupert Murdoch is reportedly buying his daughter Elisabeth’s TV production company Shine for $1.1billion. Elisabeth Murdoch owns 53 per cent of the company Shine TV which she founded in early 2001. According to the report News Corp has reached an agreement to [...]
Lady Billionaire: The Rise of Gina Rinehart, first woman billionaire of Australia
Georgina Hope Rinehart, the billionaire lady from Perth, WA Gina Rinehart has been crowned the first female, woman and lady billionaire of Australia. According to Forbes rich list the Perth-based mining magnate Ms Rinehart is estimated to be worth about $US9 billion. Sydney University economics graduate and later personal assistant to her father, lady billionaire [...]
Comments on Australian Online Shopper Vs In Store Shopper
Shiril of Melbourne Posted at 10:51 AM Today Who is asking u to pay the astronomicla rent? How about you open stores in cheaper areas and provide better services to your one off customers? Where was your outrage when all the Aussies manufacturing jobs went overseas bacause you retailers wanted economies of volume? Please do [...]
Australian dollar reaches record high
The Australian dollar currently is close to102 US cents, record high since the currency was floated in December 1983.
Christmas or Christ mass is a pagan tradition and nothing to do with Christianity
Christmas or Christ mass is a waste of time and nothing to do with Christ or Christianity. According to Australian institute’s executive director, Richard Denniss it was unwanted presents represented a staggering $798 million waste of money, time and resources. The growing culture of obligatory giving only brings joy to the big retailers and the [...]
Gina Rinehart buys 1.5 per cent of stake in Fairfax Media
Australia’s richest woman iron ore-heiress billionaire Gina Rinehart buys 1.5 per cent of stake in Fairfax Media. 1.5 per cent or $50 million stake in Fairfax Media the company which publishes The Sydney Morning Herald, The Age, The Australian Financial Review and smh.com.au website. Billionare Gina Rinehart buys $50 million stake in Fairfax Media
Regional NSW declared natural disaster zones
Farmer Len Hanrahan in his property in Daysdale, near Corowa NSW. Photo: David Geraghty Mudgee, Weddin, Wellington, Warrumbungle, Cootamundra, Coonamble, Harden and Young shires have been declared natural disaster zones after having sustained significant damage from recent heavy rain. It has been estimated up to $500 million worth of NSW winter crop has been wiped [...]
Another privacy breach by Telstra
Telstra has admitted to another privacy breach of some of its customers. Customers who were using Telstra’s Tribe service, platform which aggregate social Medias like FaceBook, Twitter and MySpace were exposed to other Tribe users. Some social networking sites that were accessed through Tribe were able to be accessed by other Tribe users. Tribe service [...]
The billionaire mining heiress Gina Rinehart enters media business
Gina Rinehart, the second richest person in Australia and the richest woman in Australia has surprised everyone in media business industry when she bought 10 per cent stake in Ten Network. Ms Rinehart who is estimated to worth $4.75 billion, her 10 per cent stake in Ten Network is worth $168 million. Gina Rinehart buys [...]
$1.2 billion Westfield Sydney shopping centre re-opens on Pitt Street Mall
Seven-storey $1.2 billion redeveloped Westfield shopping centre re-opened today with stage one in Sydney CBD. Hundreds of shops opened and hundreds are on its ways. Shoppers were not only from Sydney but some shoppers made special trip from Newcastle, Melbourne and Brisbane for the opening of the shopping centre. European fashion store Zara was creating [...]
Telstra bungled customers’ privacy, letters end at the wrong end
Photo: SR Thulung Telstra has messed up by sending more than 222,000 letters to the wrong address. The letters which were delivered to home and business customers contained customer’s name, telephone number, details of customer’s telephone plan and 23,500 customers with silent lines. But the giant telecom company says no billing or call recorded information [...]
Australian dollar riding high
Australian dollar has reached US99.71c, it is the highest that Australian dollar has been against the US dollar since it was floated on foreign exchange markets on 8th December 1983. Some online commenter even suggested for Australians to buy good American shares when Australian dollar is high. But, again one can only buy shares if [...]
