Quickflix snapped up for $1.3 million by US entrepreneur Erik Pence and other top stories.

• Quickflix snapped up for $1.3 million by US entrepreneur Erik Pence

  

  US media entrepreneur Erik Pence has emerged as the new owner of Quickflix, after paying its administrators just $1.3 million for the streaming and subscription service. The deal was coincidentally announced the same day Foxtel revealed plans to shut down its streaming service, Presto, after joint owner Seven West Media pulled out of the project.  More Business Videos Previous slide Next slide Presto video service to close Bank chief won't sign ethics oath ..

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• Being sacked can cost much more than the lost wage

  

  This piece is produced in commercial partnership between Maurice Blackburn and Fairfax Media.It's often remarked that death, divorce and moving house are the three most traumatic events of a person's life. In my experience, having advised hundreds of clients about their rights who have lost their jobs, being sacked is on par with the other three. Reason being is we're often defined by what we do. Our sense of identity, our ability to function as a spouse, parent or friend is often completely wr..

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• This bank tribunal isn't a show trial, it's a farce

  

  Far from being a show trial, the eagerly anticipated parliamentary banking tribunal was called out as a "farce" by one of its participants.Sadly, it was never going to be much else, given the limited amount of time made available to drill the big four bank bosses: an average of about 15 minutes for each politician. More Business Videos Previous slide Next slide Commbank attacked over suicide finding Bank chief won't sign ethics oath Are the banks 'tr..

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• Vocational loans scheme scrapped, loans to be capped under major Turnbull government shake-up

  

  Dodgy private colleges will be banned from receiving taxpayer money and student loans capped under a sweeping redesign of the scandal-plagued vocational loans scheme by the Turnbull government.The overhaul, to be announced by Education Minister Simon Birmingham on Wednesday after being approved by cabinet Tuesday, will wipe an estimated $25 billion from federal government debt over the next decade. More News Videos Previous slide Next slide VET: a conflagration of taxpa..

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• Flood of AirBnB listings sees hosts income drop by 40 per cent

  

  The number of AirBnB listings across Melbourne has increased 40 per cent since the start of this year, leading to a 32 percent decline in average monthly incomes for hosts.This means investors using their property for short-stay accommodation may now be getting less than they could from a long-term lease. More Property Videos Previous slide Next slide Airbnb's 10 most popular listings Rates on hold Dream homes The Block 2016: Master suite ..

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• RBA leaves cash rate steady, mixed on housing risks

  

  Economists looked for signs that the RBA's new governor Philip Lowe had grown more concerned about housing. Bloomberg by Jonathan Shapiro and Vesna Poljak Reserve Bank governor Philip Lowe has assured a smooth transition from the Glenn Stevens-era by holding the cash rate steady at 1.5 per cent, but his statement has fuelled debate about whether the central bank is quietly concerned about rising house prices.Trader..

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• Why Australian banks earn so much profit

  

  Why Australian banks earn so much profit Australia’s big four banks are among the most profitable on earth. This is how they do it. It is a well-worn argument: Australia’s Big Four banks are over-earning and the proof is in their profits. The unsophisticated simply point to the profit number and declare it too large, ignoring the big pile of capital it takes to generate a big pile of profits. Even if we take a more nuanced approach to measure bank profits – return on equity (ROE) – it seems s..

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• National Australia Bank apologises to customers amid online banking outage

  

  National Australia Bank (NAB) has apologised to its customers after an outage on Tuesday evening affected online banking.Customers trying to log in to online banking through the NAB app received the error message: "Sorry, something went wrong. Couldn't connect to internet banking." The error message appearing for users of NAB's smartphone app. Photo: Supplied The bank advised customers to log in using an internet browser instead, however some customers reported this still didn't work.UBa..

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• Establishing digital identity causing problems as users giving away too much

  

  The Australian Financial Review and Australia Post rountable on digital identity, from left Jonathan Davey, executive general manager NAB Labs; John Chambers, executive director - Home and Premium Services Telstra; Rebecca Russell, principal Boston Consulting Group; Andrew Walduck, executive general manager Trusted eCommerce Solutions Australia Post; AFR moderator Ian Grayson; Mandy Smith, Head of Agency Services and RealMe at Kiwibank; Cameron Gough, general manager, Digital ..

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• Telstra exec slams Vodafone's arguments for domestic roaming

  

  A senior Telstra executive says it is a myth and "rubbish" its mobile network is a legacy of public ownership, and the competition regulator "will kneecap regional investment" if it allows domestic mobile roaming. The group executive of corporate affairs at Telstra, Tony Warren, lashed out at Vodafone, telling an industry audience only 'large multinationals' think domestic roaming would be good.  More Technology Videos Previous slide Next slide Telstra's new 'Thrive On'..

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Traders angry with the ASX but investors don't care .	Great Barrier Reef: Unesco pushes for tree-clearing controls .
Canberra Raiders' Blake Austin says he shouldn't have played ... .	Critically endangered black rhinos set up home at Doncaster's Yorkshire Wildlife Park .