News: Money

Grade 'E' for bad advice: AMP took two years to sack 'Mr E'

Tuesday  04:46,   24 april 2018
Sydney Morning Herald

AMP did not immediately terminate a planner who gave clients inappropriate advice despite an internal review saying he should be sacked.AMP did not immediately terminate a planner who gave clients inappropriate advice despite an internal review by[...]

Starbucks Customer Finds Hidden Camera in Bathroom

Tuesday  04:41,   24 april 2018

Police say the camera had dozens of videos stored on it.The camera, which reportedly had dozens of videos on it, including some footage of people using the bathroom has since been confiscated, according to The Atlanta[...]

AMP could face three class action lawsuits as shares plummet

Tuesday  04:41,   24 april 2018

Australian financial services giant AMP has lost $1 billion in shareholder value since March and has admitted to lying to customers.Global firm Quinn Emanuel Urquhart & Sullivan says it has been investigating an action against AMP since early[...]

iSelect share prices falling as online comparison site's profits drop

Tuesday  03:06,   24 april 2018
ABC News

The online comparison site's share prices are dropping rapidly after the firm slashes its earnings outlook and reveals its CEO has quit.Full-year earnings guidance is now in the range of $8 million to $12 million, significantly lower than its[...]

Fashion giant's legal battle with children's author

Tuesday  03:06,   24 april 2018

Writing a self-help book for kids was always a dream for counselor Kay Andrews.“My passion is to help children who are being bullied at school," she told A Current[...]

Shipbuilder ASC to shed up to 223 jobs despite Government declarations against 'valley of death'

Monday  17:08,   23 april 2018
ABC News

Shipbuilder ASC is poised to shed up to 223 jobs from its Adelaide shipyard by June, despite declarations from the Federal Government that the so-called naval shipbuilding "valley of death" is over.The taxpayer-owned company today advised[...]

Facebook Smart Speaker Launching In October

Monday  15:26,   23 april 2018
International Business Times

Facebook’s smart speaker is finally seeing the light of the day in the fourth quarter of this year.Digitimes learned from supply chain sources Monday that Facebook is planning to start mass producing its artificial intelligence-powered speaker in[...]

Australian home prices are lower than a year ago

Monday  14:06,   23 april 2018
Business Insider Australia

Australian home prices are now lower than a year ago, in average weighted terms. According to CoreLogic, prices across Australia's five mainland state capitals fell by 0.1% over the past year in average weighted terms, a result largely[...]

Myer picks former House of Fraser boss as new CEO

Monday  14:06,   23 april 2018

Myer has tapped John King to try to steer the department stores through one of the most turbulent periods in its 118-year history.Myer executive chairman Garry Hounsell said Mr King would deliver a "new perspective" to Myer and would do so with a[...]

ANZ board committee was warned about 'high-risk' advisers

Monday  12:25,   23 april 2018
Brisbane Times

An ANZ Bank board committee was warned one in 20 pieces of financial advice provided by its planners may not have been not in the interests of customers. “Across those three companies, 5 per cent or 1 in every 20 pieces of advice given to customers[...]

Aussie dollar falls as markets set for weak start

Monday  12:21,   23 april 2018

Australian shares are set for a weak start to the day following on from falls in overseas stocks and most base metals at the end of last week.The Australian share market is expected to open lower, after metals prices, and US and European stocks[...]

Lacoste replaces iconic crocodile logo to raise awareness for its endangered buddies

Monday  12:20,   23 april 2018

French fashion label Lacoste hasn’t traditionally been known for ethical practices, but it’s now using brand power to help endangered species. For the first time in the brand’s history, the iconic crocodile logo has taken a back seat for a[...]

How one of Sydney's last DVD stores has survived iTunes and Netflix

Monday  10:56,   23 april 2018
Sydney Morning Herald

There is a personal story behind Geoff Hooper keeping his VideoEzy store running after 25 years.One by one they have closed all around Sydney. With a shift towards watching movies online – in the era of iTunes and Netflix – more than 200 DVD stores[...]

A number of Gmail users got spam messages — from themselves

Monday  10:56,   23 april 2018
The Verge

Gmail is usually pretty good about filtering out unwanted spam messages, but a number of users reported earlier today that their inboxes were suddenly flooded with ads that were apparently sent from their own accounts, according to Mashable. Users[...]

PayPal Adds $5.99 Fee To International Transfers

Monday  10:07,   23 april 2018
Gizmodo Australia

It never feels good to pay money to send your money so PayPal is twisting the knife with a $5.99 fee on international transfers to a "friend and family member."It never feels good to pay money to send your money so PayPal is twisting the[...]