Five Flight Centre employees have filed a Federal Court action against the travel agency over alleged underpayment totalling a quarter of a million dollars. The workers were reportedly underpaid by $250,000 collectively over numerous years due to the structure of...
Hugh Stephens' story is something of a legend in local tech circles. He dropped out of university, had a great idea and within a very short time the 29-year-old had a multimillion-dollar business. The idea was to come up with...
Protesters from the environmental group Extinction Rebellion have glued themselves to the London Stock Exchange building on the final day of protests that have caused mass disruption in the British capital. At London Stock Exchange’s headquarters, six protesters dressed in...
He said the banks' 'net interest margin', the difference between what they charge customers for loans and what they had to pay for funding, was under sustained pressure. Mr North said that as the cash rate was cut from the...
Asian shares have slipped as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week. The euro slumped to a 22-month low against...
Electric car maker Tesla has posted a surprisingly large $US702.1 million ($987.5 million) net loss for the first quarter of 2019 as sales  slumped and demand appeared to be waning. Telsa’s revenue was also down 37 per cent compared to...
At 7.10am, the dollar was buying 70.1 US cents, a significant drop from its value on Good Friday (71.5 US cents). The currency’s sell-off was sparked by yesterday’s weak consumer price index (CPI) — with the figures revealing that core inflation (at...
All 45 sell-side analysts who cover Amazon.com rate the stock a “buy.” That is incredible, considering the shares trade for about 71 times the forward consensus earnings estimate, more than four times that of the benchmark S&P 500 Index. How...
Some of the information on ASX-listed public companies is sourced from Morningstar Australasia Pty Ltd (ABN: 95 090 665 544).It is important to note that the Morningstar information displayed by Business News is not to be copied or distributed...
Hydroponics technology company Roto-Gro International has completed a $3.6 million share placement, with the funds set to fast-track expansion of its research and development facility in Canada. Under the oversubscribed placement, shares were issued at 21.5 cents per share, a...
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