Companies

Elon Musk will be on Ausrtalia’s doorstep this weekend as he expands his Starlink satellite internet empire to a nearby hotspot.
Asia Pacific
Georgina Noack

Elon Musk set to make huge change for Aussie holiday hotspot

The tech billionaire will be on Australia’s doorstep this weekend as he expands his Starlink satellite internet empire to a nearby hotspot.

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At an all-hands meeting last week, Google employees questioned leadership about cost cuts, layoffs and ‘morale’ issues following the company’s better-than-expected first-quarter earnings report.
CNBC
CNBC

Google staff grill execs over cuts after earnings blowout

At an all-hands meeting last week, Google employees questioned leadership about cost cuts, layoffs and ‘morale’ issues following the company’s better-than-expected first-quarter earnings report.

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All Bonza flights were cancelled after its financial woes terminated its lease agreements on planes.
Companies
Alex Mitchell

60,000 customers of cash-strapped Bonza to become creditors

Lawyers for the administrators of cash-strapped airline Bonza are in the Federal Court applying to hold a creditors' meeting within days.

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Big W sales have slumped under higher cost-of-living pressures and a highly competitive Kmart.
Business
Adrian Lowe and Cheyanne Enciso

Can Big W flip the script to overtake dominant Kmart?

In a tight economy, at face value at least, discount retailers should be some of the biggest beneficiaries. But results from two of Australia’s largest tell very different stories.

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Wesfarmers chief executive Rob Scott speaking at the Macquarie conference.
Companies
Simone Grogan

Rob Scott shoots down Wesfarmers break-up concerns

The Wesfarmers chief says a break-up of the growing conglomerate would put it at a ‘distinct disadvantage’ in taking on Amazon, but he is confident the Government’s regulatory axe wouldn’t swing.

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Optus has announced its new CEO. (Dean Lewins/AAP PHOTOS)
Australia
Max Corstorphan

Optus CEO appointment ends Berejiklian speculation

Telco giant Optus has unveiled the name of its new CEO putting an end to speculation that one of the country’s most prominent former premiers was next in line.

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Woolworths food sales increased but the company reported disappointing results for discount department store Big W.
Business
Adrian Lowe

Woolies earns $16.8 billion in ‘challenging’ three months

Woolworths shares have plunged to their lowest level in four years after reporting sluggish supermarket sales growth and the fourth consecutive quarter of negative sales for its discount department store Big W.

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Macquarie Bank will scrap cash and cheque services from all branches Australia-wide this month.
Australia
Max Corstorphan

Major bank scraps cash this month at all branches

A major Australian bank is stopping cash and cheque services from all branches Australia-wide with more changes set to be introduced in just over two weeks.

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Super Retail Group chief executive Anthony Heraghty.
Companies
Adrian Lowe

Inappropriate relationship claims at Super Retail deepen

Expected legal action against Super Retail Group will also extend to its chief executive, says the law firm representing head office whistleblowers, hitting back at allegations the claim is frivolous.

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Ahead of the mid-year sales rush, Amazon Australia has launched a massive recruitment drive for more than 1000 workers to pick, pack, and deliver orders around the country.
Companies

Amazon launches huge jobs drive. No experience necessary

Ahead of the mid-year sales rush, Amazon Australia has launched a recruitment drive for 1400 workers to pick, pack, and deliver orders around the country.

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Senate Select Committee on Supermarket prices - Grant Ramage from Metcash Ltd Parliament House
Business
Adrian Lowe

IGA accuses Coles, Woolies of anti-competitive behaviour

Metcash bosses say the company’s big two rivals are aggressively expanding through measures that are anti-competitive but not illegal, which means tighter merger laws and government focus is needed.

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Mayfair 101 and founder James Mawhinney gained profile in 2019.
Business
Simone Grogan

Mayfair 101’s Mawhinney charged with dishonest conduct

Mayfair 101 founder James Mawhinney has been arrested and charged with four counts of dishonest conduct, the latest development amid an ongoing legal tussle between the company developer and ASIC.

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Steven Gregg is one of Australia’s highest paid directors.
Business

Top five highest paid Australian directors revealed

They head up some of the biggest companies in the word, and they are compensated accordingly. The eye-watering salaries of Australia’s top five highest paid directors have been revealed.

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Bran Black, the freshly minted boss of the Business Council of Australia, is leaning on his grandmother’s words to guide the country’s peak business lobby group.
Business
Adrian Rauso

Ageless advice from grandma this business boss swears by

Bran Black, the freshly minted boss of the Business Council of Australia, is leaning on his grandmother’s words to guide the country’s peak business lobby group.

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Chief executive Dan Houden's Task Group will be acquired by PAR Technology Corp for $310 million.
Business
Derek Rose

Task Group to be acquired by US firm for $310 million

PAR Technology will pay a 103 per cent premium to gain control of Task Group, which makes customer loyalty apps for fast food restaurants.

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