News: Money

NAB axes bankers over home loan rule breaches

Friday  17:22,   17 november 2017
Sydney Morning Herald

National Australia Bank says 20 bankers have lost their jobs after a review found 2300 home loans had been issued in ways that breached its rules.NAB on Thursday said it had also disciplined a further 32 staff for failing to follow its[...]

Twitter says it will judge verified users’ offline behavior

Friday  17:22,   17 november 2017
The Verge

Twitter’s announcement yesterday that it would begin removing verification badges from some accounts had an immediate impact, as the company stripped the blue checkmark from a handful of accounts associated with the far right. B ut the announcement, [...]

SA dumps controversial bank tax

Thursday  14:56,   16 november 2017
MSN

The South Australian government has dropped its controversial bank tax and says it won't try and reintroduce it, even Labor wins the next state election.In a move welcomed by the Australian Bankers' Association and the wider business community,[...]

Lorna Jane reveals she considered closing down activewear empire

Thursday  14:56,   16 november 2017
MSN

Lorna Jane Clarkson, the founder of activewear giant Lorna Jane, has revealed she considered closing down her business after allegations of bullying by a former employee. Amy Robinson sought more than $570,000 in damages, claiming she had been[...]

Jessica Rudd steaks her claim on China

Thursday  14:53,   16 november 2017
MSN

Move over Paul Hogan, shrimps are for wimps. Australia's biggest ASX-listed cattle group, Australian Agricultural Co (AACo), has recruited Jessica Rudd – daughter of our former PM Kevin Rudd – to help sell its branded beef strategy to China. Ms Rudd [...]

Fake Skin Care Ads That Used Oprah, Joy Behar, Pauley Perrette and More Shut Down, Fined $179 Million by FTC

Thursday  14:53,   16 november 2017
ETOnline

According to a statement from the FTC, three men were allegedly behind the internet scam.According to a statement obtained by ET from the FTC, three men -- Richard Fowler, Ryan Fowler and Nathan Martinez -- were allegedly behind the scam, which[...]

'About more than making money': The corporate crusaders for same-sex marriage

Thursday  14:53,   16 november 2017
MSN

At last the Australian community can take a moment to feel warm and positive about business leadership. Large corporations, usually pilloried by customers and staff, have demonstrated they are capable of being a force for good. They have experienced [...]

CBA director Andrew Mohl faces protest vote over re-election

Thursday  14:52,   16 november 2017
The Age

Long-serving Commonwealth Bank director Andrew Mohl faces a protest vote over his re-election, as shareholders demand accountability over the money laundering compliance scandal that has rocked the lender. Several industry superannuation funds, [...]

We just received another sign Melbourne's housing market is slowing down

Thursday  14:52,   16 november 2017
Business Insider Australia

Melbourne's once-hot housing market is now following in Sydney's wake and slowing down.Melbourne's once-hot housing market is now following in Sydney's wake and slowing[...]

Apple Watch will soon connect with your gym equipment to more accurately track how you work out

Thursday  14:52,   16 november 2017
CNBC

Thus far, the service has only launched at a single gym in Australia.Apple has figured out a way around that with a new software offering called[...]

Australian wages shock again

Thursday  01:30,   16 november 2017
Business Insider Australia

Australian wage growth has come in well below expectations, again. Australian wage growth has come in well below expectations,[...]

The Australian dollar is tumbling after another shocking wages report

Thursday  01:30,   16 november 2017
Business Insider Australia

The Aussie was immediately sold off across the board this morning in the wake of more weak wages data. Quarterly wage growth missed expectations with a quarterly rise of just 0.5%, against 0.7% forecast. A short time ago, the AUD had fallen back[...]

Australia shares end weaker for third session; NZ higher

Thursday  01:30,   16 november 2017
Reuters

Australian shares ended lower for a third straight day on Tuesday, as weak oil prices and an equity stake sale in Woodside Petroleum Ltd (WPL.AX) dampened sentiment. The S&P/ASX 200 index (.AXJO) closed down 0.9 percent, or 53.072 points, to[...]

Suzy Welch: What to do if you think your boss is a moron

Thursday  01:27,   16 november 2017
CNBC

You don't have to run for the exit.But before you head for the door and leave behind everything you've accomplished, bestselling management author Suzy Welch says to consider whether there's anything you can do to improve the[...]

Nestle pledges to ban caged eggs from all its products worldwide

Thursday  01:26,   16 november 2017
MSN

The cage-free policy will be adopted in 189 countries around the world, including Australia. Nestle is the world's largest food company, and encompasses well-known local brands Uncle Toby's, Nescafe, Milo, KitKat, Sustagen, Nespresso, Purina One and [...]