Australia's share market slumps after losses on Wall Street overnight, while Rupert Murdoch steps down as Fox chairman. Meanwhile, Starbucks gives local workers $4.5 million.
The Australian share market has opened sharply lower, with investors concerned about global economic growth after the US Federal Reserve signaled interest rates would stay higher for longer.All sectors were in the red in the first 15 mins of trade. Only 11 stocks were higher.A little note to the US securities and exchange commissionHere's how News Corp let the US securities and exchange commission know about Rupert Murdoch's decision.
"On September 21, 2023, News Corporation announced that Rupert Murdoch is stepping down as Executive Chairman of the Company's Board of Directors , effective as of the upcoming annual meeting of stockholders in mid-November.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Qantas CEO ordered to sit down with union leader for mediationRecently appointed Qantas CEO Vanessa Hudson will need to be in the room when lawyers discuss compensation for workers the airline illegally sacked.
Read more »
Former Qantas chief Alan Joyce paid $21.4 million as board withholds executive bonusesQantas has finally unveiled how much its senior leadership were paid in 2023.
Read more »
Former Qantas chief Alan Joyce paid $21.4 million as board withholds executive bonusesQantas has finally unveiled how much its senior leadership were paid in 2023.
Read more »
Former Qantas chief Alan Joyce paid $21.4 million as board withholds executive bonusesQantas has finally unveiled how much its senior leadership were paid in 2023.
Read more »
Qantas CEO ordered to attend mediation session for compensation for sacked workersThe new CEO of Qantas has been ordered to attend a mediation session to determine compensation for 1,700 workers illegally sacked by the airline. This comes after there was a union push to have the compensation determined by the court but this was rejected. Lawyers representing the Transport workers’ union said an open court process would be a more transparent approach but the bid was rejected by the Federal Court on Wednesday by Judge Justice Michael Lee who has ordered both parties to mediation. Lawyers for Qantas wanted their top in-house General Counsel Andrew Finch to be the representative of the company through the mediation process. However, this was also rejected by the judge, who said new CEO Vanessa Hudson needs to attend at least one major mediation session.
Read more »
Alan Joyce pay up in the air as Qantas tries to please investorsThe airline’s chairman Richard Goyder says Qantas will wait until the ACCC investigation “progresses” before awarding $2.2 million in short-term bonuses.
Read more »