Tag: business
-
Tech Giant IBM Needs Giant Turn Around
This month’s quarterly financial results reveal the slow decline of IBM under current CEO Ginni Rometti. What was once one of America’s leading companies and most powerful corporations, is now seeing a flatlining failed attempt to increase revenue since peaking in 2011 at £107bn. The good news is that revenues grew for the second quarter…
-
Manly Council urged to rename suburb “Womanly” for international Women’s day
Today a group of Sydney Business women and two local councillors gathered at Manly beach in preparation for International women’s day. Their request was a simple yet gentle message for the hierarchy, for just 24 hours, to rename Manly to “WoManly” The gathering was organised by architect Luisa Manfredini, who also founded the WoManly Community…
-
Telstra loses fight over copper network prices
Mobile service provider Telstra has lost its battle against a ruling to cut the amount it can charge its customers for access to its copper network. The Australian Competition and Consumer Commission (ACCC) ruled in 2015 that Telstra was required to reduce access prices to its fixed line network by 9.4%. The move could potentially cost the…
-
Premier Investments confirms stake in Myer
Premier Investments has been announced as the largest stakeholder for the retail giant Myer. In a statement to the ASX, Premier Investments confirmed that it has bought a 10% stake in the retailer, after much speculation over who had bought the shares. “Premier Investments Limited has made a strategic investment of 10.77% in Myer Holdings…
-
Turnbull rejects calls to bail out Hazelwood
Prime Minister Malcolm Turnbull has emphatically turned down a call from Tony Abbott to stay the closure of Hazelwood power station in order to prevent the worsening of the impending energy crisis. Former Prime Minister Abbott has publicly urged current Prime Minister Turnbull to rethink the planned closure of the Gippsland-based power station in Victoria, warning that…
-
WATCH: An insider’s guide to executive travel
Successful businesspeople often find themselves travelling, both internationally and domestically, for business commitments and meetings. However, it can be difficult to enjoy that travelling when rushing from business meetings to investor engagements without a pause for breath. There a great many publications dedicated to ensuring that business travellers make the most of their work journeys,…
-
Amazon’s Kindle terms take nine hours to read
Amazon has everything. That’s their entire appeal. If you want books, batteries or baking trays, Amazon is where you go. It’s easy enough to make an account and just easily click ‘yes’ to the terms and conditions. But do you know what you’re agreeing to? Australian consumer advocacy group Choice think not. That’s why they’ve…
-
Donald Trump has his 2005 taxes revealed
After years of questions and contention, Donald Trump has finally released his tax returns. The White House revealed two pages of President Trump’s 2005 taxes after learning that the MSNBC had obtained the documents. Minutes before MSNBC journalist Rachel Maddow was set to air the release, the White House released the documents. BREAKING: We've got Trump…
-
Qantas among airlines fighting airport fees
Australasian airlines, including Qantas and Air New Zealand, have made moves to fight excessive airport fees for consumers by setting up a new advocacy group for the aviation industry. The move comes after a report from the Australian Competition and Consumer Commission (ACCC), which claimed Australian airlines and airline passengers had paid up to $1.6bn…
-
Reserve bank leaves interest rates at 1.5%
In an unprecedented move, the Reserve Bank has left interest rates at 1.5% for the seventh month in a row. This was the first meeting of 2017 and it has surprised economists that the rates have stayed the same despite concerns about the housing market and the growing economy. The bank’s governor Philip Lowe has…