Tuesday, March 22, 2016

ACCC allows taxi booking app and other top stories.

  • ACCC allows taxi booking app

    ACCC allows taxi booking app
    ACCC allows taxi booking appHailing a cab during busy periods is set to become easier after the competition watchdog decided to allow a new smartphone taxi booking app called "ihail".The Australian Competition and Consumer Commission has given the all-clear for the app, which the taxi industry hopes will help it better compete with ride-sharing service Uber.The ACCC was initially opposed to the taxi industry setting up ihail but has changed its mind following significant modifications to the app..
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  • TPG grows profits by 90 per cent

    TPG grows profits by 90 per cent
    TPG Telecom said its interim net profit jumped 90 per cent to $202.5 million, outstripping some analyst expectations.Credit Suisse was forecasting TPG would report profit of $148.6 million and earnings before interest, taxation, depreciation and amortisation of $361.6 million for the six months ended January 31.TPG said it would increased its interim dividend to 7c, fully franked and payable on May 24, from the year-earlier 5.5c payout.Subscriber growth at iiNet, the Perth-based telco that TPG ..
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  • A third of private firms pay no tax: ATO

    A third of private firms pay no tax: ATO
    By Colin Brinsden, AAP Economics CorrespondentAAPA third of private firms pay no tax: ATOOne in three privately-owned businesses paid no tax in 2013/14, but Australia's tax chief stresses that doesn't mean they are necessarily tax dodgers.The Australian Taxation Office on Tuesday released details of more than 300 Australian privately-owned businesses with an income of $200 million or more, in its aim for greater transparency.It follows its December report relating to large corporations.The 321 f..
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  • Health insurers named and shamed

    Health insurers named and shamed
    Medibank, NIB and HCF have been singled out by a consumer group for offering useless junk products.Health insurers named and shamedPrivate health insurer Bupa has defended "junk" policies as a new name and shame campaign slams major funds for selling useless products to consumers.Medibank, HCF and NIB are among those singled out by consumer advocacy group Choice on Tuesday as offering policies that are a waste of money - with little benefit above what is provided through Medicare.Choice spokesma..
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  • House price growth slows as Sydney goes into reverse

    House price growth slows as Sydney goes into reverse
    House price growth slows as Sydney goes into reverse Updated March 22, 2016 17:32:19 Australia's property market is showing signs of cooling, with prices up just 0.2 per cent in the December quarter, while the booming Sydney market fell.The modest increase in the Australian Bureau of Statistics' residential property price index slowed the overall annual increase to a still robust 8.7 per cent, but down from the 10.7 per cent recorded in the September quarter.Sydney was ..
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  • Telstra provided the biggest lift on the index on Tuesday, rising 1.4 per cent to $5.26. Photo: Supplied

    Telstra provided the biggest lift on the index on Tuesday, rising 1.4 per cent to $5.26. Photo: Supplied
    Telstra provided the biggest lift on the index on Tuesday, rising 1.4 per cent to $5.26. Photo: Supplied The Australian sharemarket fell underwater in a muted day of trading ahead of the Easter long weekend, as investors take a breather following a bumper March rally. In the absence of a strong lead from Wall Street, where the S&P 500 ended just 0.1 per cent higher, the market struggled amid low trading volumes, ultimately closing lower, dragged down by fall..
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  • Mount Lyell mine, manager face charges over worker's death

    Mount Lyell mine, manager face charges over worker's death
    Mount Lyell mine, manager face charges over worker's death in mud rush By Sallese Gibson Updated March 22, 2016 13:39:05 Charges have been laid against the operator and site manager of the Mount Lyell copper mine on Tasmania's west coast over the death of a mine worker in a mud rush in 2014.Copper Mines of Tasmania (CMT) closed the mine in January 2014 following the deaths of three workers in two separate incidents.Alistair Lucas, 25, and Craig Gleeson, 45, died i..
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  • Kathmandu back in the black as profits rebound $NZ11m

    Kathmandu back in the black as profits rebound $NZ11m
    Chief executive Xavier Simonet reaffirmed the retailer's guidance for full-year net profit of $NZ30.2 million. Photo: Supplied  Kathmandu's polar fleeces, waterproof pants and hiking boots could be sold in overseas department stores, sporting goods stores and franchised shops under new business models being explored by chief executive Xavier Simonet.In a major shift in strategy, the vertically integrated retailer, which designs, sources and sells its own bran..
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  • RBA's Glenn Stevens says moderating house prices 'helpful'

    RBA's Glenn Stevens says moderating house prices 'helpful'
    Video will begin in 5 seconds. Sydney property prices fall It's hard to believe but property prices have actually fallen in Sydney. PT0M51S 620 349 Reserve Bank of Australia governor Glenn Stevens has talked up regulatory measures taken to slow lending to investors in the heated Sydney and Melbourne property markets and said moderating house prices were "helpful".Mr Stevens said regulators' tightening of lending standards had been "timely"."So often over the years, tighter sta..
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  • Nick Scali CEO Anthony Scali lifts stake after family sell-down

    Nick Scali CEO Anthony Scali lifts stake after family sell-down
    Nick Scali managing director Anthony Scali has increased his stake in the company founded by his father. Photo: Rob Homer Nick Scali chief executive Anthony Scali has reaffirmed his commitment to the furniture retailer by buying shares owned by his brother and sister in a $70 million family sell-down.While Nicky and Yvonne Scali have sold their entire respective 16.7 per cent stakes in the company founded by their father Nick 50 years ago, Anthony Scali has..
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Scientists Identifies Appetite & Hunger to One Single Brain Protein .A surprising spectacle rescues the Sydney Biennale from irrelevance .
Free-to-air television loses chief lobbyist Julie Flynn at crunch time .VIDEO: Watch a humpback whale do a headstand .

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