If you want Friday off, make it legit

Australian Chamber of Commerce and Industry boss James Pearson says misusing sick leaves erodes trust in the workplace, puts extra strain on colleagues doing the right thing and leaves people short of sick leave when they genuinely need it.

  • Battery defects blamed for Note 7 fires AAP - 1 hour 22 minutes ago
    Battery defects blamed for Note 7 fires

    Samsung has blamed faulty batteries for causing its flagship Galaxy Note 7 phones to catch fire and has announced steps to avoid repeat incidents. The announcement on Monday came more than three months after Samsung scrapped the short-lived competitor of Apple's iPhones, wiping $US5.3 billion off its operating profit in one of the biggest tech failures in history. While Samsung Electronics' mobile division is expected to have bounced back from the Note 7 failure during the fourth quarter, investors remained cautious about the outlook due to uncertainty about how the Note 7 fires would affect sales of future flagship devices.

  • WA govt to approve new $5.6b iron ore mine AAP - 1 hour 27 minutes ago
    WA govt to approve new $5.6b iron ore mine

    Western Australia is set to get a new $5.6 billion Pilbara iron ore project involving the billionaire Todd family from New Zealand. The WA government is set to sign a state agreement for a project that would create more than 3300 construction jobs and 910 jobs. The iron ore mine would involve a railway and new port.

  • Markets to keep close eye on Trump AAP - 1 hour 36 minutes ago

    Global financial markets have shown a mixed reaction to the start of Donald Trump's presidency as investors now wait to see if the 45th US president will deliver on his economic promises. US stocks closed modestly higher on Friday after Mr Trump was sworn in - the first time in more than 50 years a new commander-in-chief has been welcomed by a rising equity market. On Monday, the Australian share market opened higher, following on from Wall Street's gains, but had fallen into negative territory by noon.

  • Auditors decry EU food waste AAP - 1 hour 38 minutes ago

    The sheer waste of food had been bothering teacher Marijke De Jongh for so long that two years ago she set up a pop-up restaurant to serve perfectly good groceries and meat that were approaching their expiry date. With her Rekub team, she followed it up with an app that brings thousands of consumers to retail shops where they can buy food approaching its sell-by date. The European Court of Auditors has chided the European Union's executive branch in a report, entitled Combating Food Waste, that decries the bloc's lack of effort in reducing the food waste.

  • Forecast predicts sharp fall in UK mergers AAP - 1 hour 50 minutes ago

    Mergers and acquisitions in the UK are likely to drop sharply in 2017 amid uncertainty over Britain's relationship with the European Union, according to new research. The value of deals is expected to fall to $US125 billion ($A165 billion) this year from $US340 billion ($A450 billion) in 2016 as Britain begins to negotiate its exit from the EU, the law firm Baker McKenzie, a leading adviser on corporate transactions, said in a report.

  • Airbus working on 'flying car' prototype AAP - 1 hour 58 minutes ago

    Airbus Group plans to test a prototype for a self-piloted flying car as a way of avoiding gridlock on city roads by the end of the year, the aerospace group's chief executive says. Airbus in 2016 formed a division called Urban Air Mobility that is exploring concepts such as a vehicle to transport individuals or a helicopter-style vehicle that can carry multiple riders. "One hundred years ago, urban transport went underground, now we have the technological wherewithal to go above ground," Airbus CEO Tom Enders told the DLD digital tech conference in Munich.

  • Cuba sees explosion in internet access AAP - 2 hours 12 minutes ago

    Two days before Christmas, Luis Gonzalez received a little Chinese modem from Cuba's state-owned telecommunications company. The 55-year-old theatre producer connected the device to his phone and his laptop computer, which instantly lit up with a service unimaginable in the Cuba of just a few years ago - relatively fast home internet. "It's really easy to sit and find whatever you need," Gonzalez said as he updated his Facebook account, listening to Uruguayan radio online.

  • Body to assess national security assets AAP - 2 hours 15 minutes ago

    A new federal government body will draft a list of public and private assets which would raise red flags if foreign interests sought to buy or lease them. The Critical Infrastructure Centre is being set up within the attorney-general's department in the wake of the Ausgrid sale veto and the lease of the Port of Darwin. The sale of the NSW power network company Ausgrid to Chinese interests was blocked by the federal government on national security grounds.

  • Workers encouraged to take Friday off AAP - 2 hours 34 minutes ago

    Bosses might be worried about a spike in sickies but the tourism industry is hoping workers will take Friday off and enjoy a four-day long weekend. This week's Australia Day public holiday falls on Thursday, ...

  • S&P; 500 CEOs optimistic on Trump AAP - 2 hours 41 minutes ago

    US President Donald Trump's administration has only just taken over, but already a small parade of S&P 500 companies' chiefs have voiced optimism that his promised tax cuts, stimulus spending and deregulation will boost corporate profits. In the days ahead of Friday's inauguration, senior executives from Morgan Stanley, Delta Air Lines and other major US corporations said the Trump White House had already sparked a brighter outlook for business. "There is certainly more reason to be optimistic as we enter 2017 than there was at the beginning of 2016," Morgan Stanley CEO James Gorman said on Tuesday after his bank reported fourth quarter profit had doubled.

  • Bellamy's class action secures funding AAP - 2 hours 51 minutes ago

    Litigation funder IMF Bentham has agreed to back a class action by Bellamy's shareholders who believe the infant formula company kept them in the dark over its financial performance. IMF Bentham says it proposes to back the Slater and Gordon-conducted action, which alleges an alleged breach of Bellamy's continuous disclosure obligations between April 14 and December 9, 2016. Bellamy's, whose share price has declined about 75 per cent since August, has been accused of failing to properly disclose to investors the risks of China's regulatory changes to the company's revenue.

  • Optimism fades as ASX200 slips into red AAP - 2 hours 58 minutes ago

    The Australian share market has reversed its early gains to sit nearly half a per cent lower at midday. Local optimism generated by Wall Street gains on the day of Donald Trump's inauguration as US president ...

  • Commercial loans surged 14.8% in Nov AAP - 3 hours ago

    Commercial loans, which include investor mortgages, jumped 14.8 per cent to $48.5 billion in November. However, home loans for owner-occupiers inched up only 0.4 per cent to $19.9 billion in the month, ...

  • Stocks to watch AAP - 3 hours ago

    Stocks to watch on the Australian stock exchange: AFI - Australian Foundation Investment Company - up 1 cent, or 0.2 per cent, at $5.89 Australia-focused equity investor AFIC has posted a 19 per cent slip ...

  • May to outline post-Brexit industry plan AAP - 3 hours ago
    May to outline post-Brexit industry plan

    Britain will outline a new, interventionist approach to balancing its heavily services-based economy for the post-Brexit era, seeking to reinvigorate industrial production and stimulate investment in technology and R&D. Unveiling her long-awaited "Modern Industrial Strategy", Prime Minister Theresa May will on Monday demand closer collaboration within key industries in exchange for government support on regulation, trade and research. "The modern industrial strategy will back Britain for the long term: creating the conditions where successful businesses can emerge and grow, and backing them to invest in the long-term future of our country," May said in an emailed statement before the announcement.

New Zealand Markets

Company Finances

  • 'McDealerships' multiply to serve auto-sales boom CNBC - Wed, Sep 2, 2015 4:15 AM NZST
    'McDealerships' multiply to serve auto-sales boom

    The rise in US auto sales is sparking the emergence of the so-called "McDealership," and possibly creating a new leg for economic growth.

  • McDonald's is messing with your McMuffin CNBC - Tue, Sep 1, 2015 6:52 AM NZST
    McDonald's is messing with your McMuffin

    McDonald's has some good news for dairy farmers and bad news for the lactose intolerant.

  • Fall's hottest new flavors may surprise you CNBC - Sat, Aug 15, 2015 8:05 AM NZST
    Fall's hottest new flavors may surprise you

    With less than a month left of summer, big-name brands are busting out the pumpkin spice and apple pie ahead of schedule.

  • Coca-Cola Amatil in NZ spirits deal AAP - Fri, Aug 14, 2015 6:01 PM NZST
    Coca-Cola Amatil in NZ spirits deal

    Beverages giant Coca-Cola Amatil has struck a 10-year deal to sell and distribute Beam Suntory's brands in New Zealand. Beam Suntory's spirits portfolio in New Zealand includes Jim Beam Bourbon, Canadian ...

  • Kraft Heinz shares fall after Q2 earnings CNBC - Tue, Aug 11, 2015 8:38 AM NZST
    Kraft Heinz shares fall after Q2 earnings

    Kraft Heinz reported second-quarter earnings and revenue on Monday following the closing bell.

  • Bras: The 'athleisure' trend's latest casualty CNBC - Tue, Aug 11, 2015 2:00 AM NZST
    Bras: The 'athleisure' trend's latest casualty

    U.S. dollar sales of sports bras are on the rise, while revenues from the sports bra are inversely taking a hit.

  • Tax cuts help lift JB Hi-Fi profits AAP - Mon, Aug 10, 2015 7:20 PM NZST
    Tax cuts help lift JB Hi-Fi profits

    Joe Hockey's small businesses tax cuts and Australia's housing boom have got the cash registers in overdrive at electronics retailer JB Hi-Fi. The electronic and home appliances retailer posted a stronger-than-expected annual net profit of $136.5 million and flagged stronger sales for the year ahead. The result was largely driven by a 7.4 per cent rise in sales in the second-half as shoppers splashed out on smart phones, computers, fitness devices and home appliances.

  • Nine pays $925m for NRL rights AAP - Mon, Aug 10, 2015 12:56 PM NZST
    Nine pays $925m for NRL rights

    The Nine Network has won the rights to broadcast NRL games from 2018 to 2022 in a deal worth $925 million. "This is a transformational outcome for supporters, rugby league and Nine, enabling viewers to see the best of the NRL, live and free, 4 days per week, anywhere, on any device," chief executive David Gyngell said.

  • The luxury car line banning haggling at dealerships CNBC - Sat, Aug 8, 2015 3:04 AM NZST
    The luxury car line banning haggling at dealerships

    Lexus, Toyota's luxury brand, is introducing negotiation-free dealerships according to the Detroit Free Press.

  • It's time to bet on McDonald's-here's how: Goldman CNBC - Fri, Aug 7, 2015 12:10 AM NZST
    It's time to bet on McDonald's-here's how: Goldman

    A key event in November could boost McDonald's shares, presenting an interesting trading opportunity.