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12:30 Financial exploitation of elderly rife in retirement villages

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11:06 Malcolm Turnbull shifts focus to power prices with Snowy Hydro spruik

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23:37 Hackers are offering to sell the Medicare details of Australians on the dark web, government confirms

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05:25 James Packer all at sea as Crown staff jailed and fined in Chinese court

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  • Downer lifts 2018 guidance as it closes Spotless takeover offer with 87.8 per cent

    28 August 2017 11:05 PM 14

    Downer has ended up with 87.8 per cent of Spotless after its $1.2 billion takeover offer closed, the contractor said as it reported flat annual net profits of $181.5 million. Downer chief executive Grant Fenn said that while company would have preferred to have got 100 per cent of Spotless, owning 88 per cent of the services group would not stop it becoming

  • Could the Telstra Corporation Ltd share price fall as low as $3?

    28 August 2017 9:09 PM 13

    Could the Telstra Corporation Ltd (ASX: TLS) share price fall as low as $3? Some investors will no doubt be wondering that after the company revealed mediocre growth and announced that it would cut its future dividends. Based on the forecast dividend of 22 cents in the future, Telstra pays a 5.6% fully franked dividend at today’s prices. Given that the company

  • Labor and energy retailers urge speedy action on power prices

    28 August 2017 1:31 PM 13

    Labor says the government should stop lollygagging over energy prices and instead pull the trigger on reducing gas exports as well as settle on a longer-term policy of a clean energy target. The opposition's call for the CET was backed by energy retail executives who will reconvene in Sydney on Wednesday for a follow-up meeting to discuss progress on short-term

  • Malcolm Turnbull shifts focus to power prices with Snowy Hydro spruik

    28 August 2017 11:06 AM 32

    Malcolm Turnbull has made his second visit to the Snowy Hydro in five months in an attempt to shift the political focus away from the citizenship fiasco and the same sex marriage survey, to the issues he believes voters care most about, like power prices. He said the Snowy 2.0 project will bring 5000 jobs, increase power supplies and reduce prices

  • Comm Bank faces wide-ranging APRA probe

    28 August 2017 1:53 AM 21

    Commonwealth Bank will face an inquiry by the prudential regulator after a series of issues at the country's largest bank prompted concerns about its governance, culture and accountability. APRA chairman Wayne Byres on Monday said the inquiry by an independent APRA-appointed panel follows damage to the bank's reputation and public standing by a range

  • CBS Corporation to take over Network Ten

    28 August 2017 1:27 AM 21

    US broadcaster CBS agrees to buy Network Ten1:01 IT WAS just another day in the office for Studio 10 anchor Sarah Harris — until the news broke that Network Ten had been bought out. The troubled network will be taken over by US giant CBS Corporation in a deal announced on Monday morning, while Harris and co-anchors Denise Drysdale and Joe Hildebrand

  • APRA starts Commonwealth Bank of Australia inquiry amid AUSTRAC allegations

    28 August 2017 12:01 AM 13

    An independent panel will be established to run the inquiry, APRA said in a statement on Monday morning, and will take six months to provide a report that will be made public. "CBA recognises that events over recent years have weakened the community's trust in us. We have been working hard to strengthen trust, and will continue to do so," CBA chairman

  • EPS for Apogee Enterprises Inc (APOG) Expected At $1.05

    25 August 2017 7:04 PM 24

    Investors sentiment decreased to 1.15 in 2016 Q4. Its down 0.20, from 1.35 in 2016Q3. It is negative, as 26 investors sold Apogee Enterprises Inc shares while 63 reduced holdings. 35 funds opened positions while 67 raised stakes. 28.98 million shares or 0.15% more from 28.94 million shares in 2016Q3 were reported. Since May 1, 2017, it had 0 insider

  • Australia Post’s former chief executive walks away with $10.79 million

    25 August 2017 1:39 AM 30

    HIS salary was shrouded in secrecy, prompting controversy when it was unveiled in a Senate committee. Now it’s been revealed Australia Post’s recently departed chief executive Ahmed Fahour is walking away with a whopping $10.79 million for his last year in the job, including three years’ worth of long-term bonuses. That makes his final pay packet almost

  • Qantas delivers $852 million full-year profit

    25 August 2017 12:36 AM 28

    Qantas makes $373m buyback on FY profit1:35 AROUND 25,000 Qantas staff will each get a bonus of $2500 after the airline delivered a full-year profit of $852 million. The staff bonus — $2000 for part-time employees — is not quite as generous as last year, when staff were rewarded with $3000 each. Announcing its annual results on Friday, Qantas said net profit