A quick way to ruin a business is to penalise successful employees and reward failures, which is what seems to be happening in Australia with the unbalanced re-distribution of the goods and service
Optus has failed to gag AFL chief executive Andrew Demetriou from claiming the telco was "lifting" content owned by sporting bodies, behaviour "akin to stealing".
A substantial drop in Atlas Iron's interim net profit was due largely to project value write-downs, but the miner remains on target to meet its full year production forecast.
Goldfields Credit Union has lodged a prospectus ahead of its long-awaited stockmarket float, revealing that it will spend $1.86 million to demutualise and raise $9 million in new capital.
Internet-based shopping is growing at ten times the pace of the struggling traditional retail sector, with annual sales surpassing $10 billion for the first time.
The United States Navy will buy two more high speed catamarans from Western Australia-based shipbuilder Austal for $US321.7 million, taking total work on the firm's order book to more than $2.2 bil
Motorists can kiss goodbye to cheap petrol from tomorrow, with prices set to hit $1.55 as world oil prices surge due to supply concerns in the Middle East.
The Australian share market closed lower, partly pulled back by market giant BHP Billiton, which paid its interim dividend; the big banks, three of which had a ratings downgrade on Friday; and some
Western Australia’s peak tourism body has called on the state government to commit $27 million to tourism marketing in the next budget to assist the flailing industry.
Southern Cross Electrical Engineering has reported a 78 per cent lift in revenue, on the back of continued success in Western Australia’s resources sector.
Business wants the federal Labor leadership ballot to be the catalyst for a more focused Gillard government and renewed commitment to a more competitive and productive economy.
Mission NewEnergy says Europe is no longer a viable market for its biodiesel products, after a global oil major opted out of the last four months of a six-month biodiesel supply contract.
National non-bank lender Homeloans Ltd will continue eyeing acquisition opportunities and cutting costs to protect earnings after reporting a 13 per cent drop in first half profit.
The eurozone will have to put in place a bigger financial firewall to combat the crisis before other countries will pour more cash into the IMF, the G20 top and developing economies say.
Mining giant BHP Billiton has slashed the size of its proposed workers accommodation camp at Port Hedland, after opposition from state and local governments.
Three of Australia's big four banks have had their prized AA credit ratings downgraded by one notch because of their partial reliance on wholesale funding markets.
Global Construction Services has reported a $12.6 million interim net profit, citing strong performances by its labour hire, plant hire and resources and industrial divisions.
Shares in Newcrest Mining fell after Australia's largest gold producer flagged a fall in March quarter output but tentatively maintained its full year guidance.
