Medibank hires banker Drummond as CEO
Medibank Private has hired former NAB banker Craig Drummond as its new chief executive from July 4.Medibank hires banker Drummond as CEOMedibank Private has appointed banker Craig Drummond as its new chief executive in a move that has analysts tipping a push for consolidation in the $19 billion private health insurance sector.Mr Drummond, a 30-year banking veteran who most recently helped transform National Australia Bank - declined to comment on expectations of M&A activity, telling AAP on Tues..>> view originalVictoria's Transport Minister Jacinta Allan says new trams being fixed after report finds safety concerns
An E-Class tram turns into Spencer Street in Melbourne's CBD. Picture: Jake NowakowskiTHE public transport woes of Victoria’s commuters continue this week with a secret report showing the brakes on Melbourne’s new “supertrams” are so sensitive passengers have been sent flying.In what has been a frustrating start to 2016 for travellers, the news comes on top of ongoing mechanical problems with V/Line regional trains and disruption caused by the level crossing removing project.The debacle has led ..>> view originalWoolworths makes Homebrand homeless in private label shift
Video will begin in 5 seconds. When to buy back into Woolworths The giant grocer has missed an opportunity to revamp its culture, but investors should keep a watchful eye. PT0M37S 620 349 After spending 33 years turning its Homebrand range into one of Australia's biggest-selling generic brands, Woolworths is renaming almost 1000 Homebrand products "Essentials" to fight perceptions that customers can get better quality at Aldi.Launched in 1983, Homebrand is one of the biggest p..>> view originalEaster pump prices hit 11-year low
HECS 'cash grab' could hit accountants, architects, social workers
Video will begin in 5 seconds. Collecting HECS from the dead HECS debts are currently forgiven when someone dies - now the government is reconsidering the policy. PT1M0S 620 349 New accountants, architects, social workers and vets would be among those forced to pay back their HECS loans from their first days in the workforce under a controversial proposal to slash debt repayment thresholds. The hit would come as many recent graduates already struggle to afford record rents and..>> view originalOnline games giant Valve found to have breached Australian consumer law
The ACCC found Valve made false or misleading representations to Australian consumers. Photo: Damian White The company behind one of the world's most popular video games websites has been found to be in breach of Australian consumer law. The Federal Court found Valve, which operates online game website Steam, engaged in misleading or deceptive conduct by telling Australian players they were not entitled to refunds for digitally downloaded content. The company..>> view originalBiofuel pilot plant worth $16 million launched in Gladstone
Biofuel pilot plant worth $16 million launched in Gladstone Updated March 29, 2016 15:19:57 Queensland can continue to have a coal industry while also developing renewable energy sources to address climate change and protect the Great Barrier Reef, State Development Minister Anthony Lynham says.In Gladstone to launch a $16 million pilot plant for producing biofuel, Dr Lynham said renewable energy would help address climate change.New aerial surveys show 95 per cent of t..>> view original
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