Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend

Occidental Petroleum to buy Permian producer CrownRock for  billion, raise dividend

Occidental Petroleum on Monday agreed to buy CrownRock, a major privately held energy producer that operates in the Permian Basin, for $12 billion. The deal is latest in a spate of consolidation in the U.S .energy sector, particularly in the Permian, the largest oil-producing region in the U.S. The transaction is expected to close in … Read more

Frank Green water bottle brand slammed by angry customers over Christmas shipping delays

Frank Green water bottle brand slammed by angry customers over Christmas shipping delays

Cult water bottle brand Frank Green has been slammed by fed-up customers anxious over whether their orders will be delivered in time for Christmas. The brand shot to popularity for its colourful reusable bottles and keep cups, landing collaborations with names including Vogue and the Australian Open. But angry customers have turned against Frank Green, … Read more

Indexation to boost Centrelink payments including Youth Allowance, disability pension, Austudy from January 1

Indexation to boost Centrelink payments including Youth Allowance, disability pension, Austudy from January 1

Almost one million Australians will receive a cash boost in the new year, as government support payments increase from January 1. More than 936,000 people receiving youth, student or carer support will see a six per cent boost to their payments when indexation takes effect. Youth Allowance payments will increase by $22.40 and $25.80 per … Read more

Centrelink recipients made to sweat on miscalculated debts

Centrelink recipients made to sweat on miscalculated debts

Welfare recipients have been forced to wait years as public servants responsible for Centrelink payments try to unscramble unlawful debts. Two federal agencies have been warned to speed up their work to fix tens of thousands of miscalculated debt notices. As many as 100,000 welfare debts were miscalculated by Services Australia and the Department of … Read more

Automakers turn to hybrids in the middle of the EV transition

Automakers turn to hybrids in the middle of the EV transition

2023 Prius Prime on display, April 6, 2023. Scott Mlyn | CNBC DETROIT — As sales of all-electric vehicles grow more slowly than expected, major automakers are increasingly meeting their customers in the middle. More and more companies are reconsidering the viability of hybrid cars and trucks to appease consumer demand and avoid costly penalties … Read more

Junk insurance refunds: Tracey heard about junk insurance one night before receiving a $90,000 refund

Junk insurance refunds: Tracey heard about junk insurance one night before receiving a ,000 refund

Tracey was at home cooking dinner one night when she heard a 7NEWS segment about junk insurance. Months later, she would receive a $90,000 refund she had no idea she was owed. “When I heard the segment I went ‘oh my goodness’ and quickly wrote all the information down,” she told 7NEWS.com.au. For more Personal … Read more

Coles and Woolworths supermarkets urged to freeze prices in lead-up to Christmas ahead of price-gouging inquiry

Coles and Woolworths supermarkets urged to freeze prices in lead-up to Christmas ahead of price-gouging inquiry

Supermarkets are being urged to get into the Christmas spirit and help struggling families by placing a freeze on the price of ham. Agriculture Minister Murray Watt put Coles and Woolworths on notice as they buckle up for a parliamentary inquiry into price-gouging, record profits and cost of living pressures. WATCH THE VIDEO ABOVE: Supermarket … Read more

Large St. Louis-area urgent care chain to pay $9.1 million settlement over false claims allegations

Large St. Louis-area urgent care chain to pay .1 million settlement over false claims allegations

ST. LOUIS — One of the largest urgent care chains in Missouri will pay $9.1 million to settle allegations that the company submitted false claims for medical services, including COVID-19 testing. The U.S. Attorney’s office in St. Louis on Thursday announced the settlement with Total Access Urgent Care, which operates more than two dozen clinics … Read more

Glencore’s Mount Isa copper mine, employing 1200 workers, set to close after reaching ‘end of life’

Glencore’s Mount Isa copper mine, employing 1200 workers, set to close after reaching ‘end of life’

Glencore will cease operations in Mt Isa at one of the biggest copper mines in the world from 2025. The multinational company has notified 1200 workers that after 60 years mining copper in the far northwest Queensland city, underground operations and the copper concentrator will close. “Glencore has conducted a range of studies and reviews … Read more