FREE tea and coffee are necessities in an office, but if new cost-cutting measures get the nod at IBM Australia, staff will be paying for their own. IBM worldwide has begun cost cuts that will scrap office amenities such as tea and coffee, and even compan

APPLICATIONS for the Australian Made, Australian Grown logo have more than doubled, since Pacific Brands' decision to move offshore, with almost 100 companies obtaining the tick of approval. The organisation has already processed 80 applications

KING Island fears its world-renowned fine food brand is under threat after the shock closure of its biggest employer. King Island abattoir, which was taken over by JBS Swift less than 12 months ago, employs 98 of the Bass Strait island's population of jus

AUSTRALIAN consumers are partly to blame for the demise of 1850 jobs at Pacific Brands, the company's chief executive says. Sue Morphet last month announced the job cuts at the clothing company, which makes iconic brands Bonds, Berlei and King Gee, and th

The head of AIG said he was trying to prevent the company from collapsing when he allowed the payment of $165 million in bonuses that have stoked outrage stretching from the White House to Main Street.

Iowa Sen. Charles Grassley suggested that AIG executives should take a Japanese approach toward accepting responsibility for the collapse of the insurance giant by resigning or killing themselves.The Republican lawmaker's harsh comments came during an

TELSTRA is secretly offering customers a messaging service that charges them extra if they want to speak to "an Australian" instead of being diverted overseas. The move follows a growing public backlash over the use of foreign call centres in countries

SUPERMARKET giants Coles and Woolworths will have have a new kid on the block to go up against later this year with cut-price international grocery warehouse Costco set to open in Melbourne. Costco will open its first Australian outlet at Melbourne's

Jon Stewart sat face-to-face with financial analyst Jim Cramer on Comedy Central's "The Daily Show" and continued the assault Thursday. Stewart blamed Cramer and cable network CNBC for being irresponsible cheerleaders in the lead-up to the stock market...

New York State Attorney General Andrew Cuomo, Rep. Barney Frank and other lawmakers are discussing a plan to link executive pay to the long-term performance of companies, the Wall Street Journal said.