News: Money

Twitter Has Finally Taken Action Against Alex Jones, But Only For 7 Days

Wednesday  10:31,   15 august 2018

Conspiracy theorist Alex Jones was suspended from Twitter for a week after urging his viewers to get their “battle rifles” ready in a video posted to his personal account. The comments, posted last Thursday, violated Twitter’s rules banning the[...]
News / Money

Tesla's board forms special committee to vet any proposal to go private

Wednesday  10:31,   15 august 2018

Musk hasn't submitted any official proposals or documentation yet, but that won't keep the board from getting ready.Load[...]

Wesfarmers profit slumps 57 per cent after Bunnings UK disaster

Wednesday  10:05,   15 august 2018

Wesfarmers's full-year profit has slumped almost 57 per cent after the retail conglomerate suffered heavy losses from its disastrous attempt to expand Bunnings into the UK and Ireland. The group, which also owns Coles, Kmart, Target and[...]

Fairfax posts a loss for its farewell results announcement

Wednesday  08:30,   15 august 2018

Fairfax Media's full year revenue was down 3.1% to $1.688 billion. Net loss after tax of $63.8 million, compared with a net profit of $83.9 million.In early trade, Fairfax shares were down 3.7% to[...]

China-US trade war could create global instability, says Cochlear CEO

Wednesday  07:55,   15 august 2018

The trade war between China and the US is spilling over into a battle over currency and could create global instability, says Cochlear CEO Dig Howitt.The trade war raging between China and the United States is spilling over into a battle over[...]

Australia's Woodside Petroleum half-year profit rises

Wednesday  07:55,   15 august 2018

Australia's Woodside Petroleum Ltd (WPL.AX) said on Wednesday that its first-half net profit rose 6 percent and it raised its 2018 production outlook after strong performances from its Wheatstone and Pluto LNG projects. For the 2018 fiscal year, [...]

Screens are killing your eyeballs, and now we know how

Wednesday  06:55,   15 august 2018

The "blue screen of death" is taking on a whole new meaning.Humans can see a thin spectrum of light, ranging from red to violet. Shorter wavelengths appear blue, while the longer ones appear red. What appears as white light, whether it's[...]

Comment: Jeff Kennett's $15bn poker gambit goes horribly wrong

Wednesday  05:55,   15 august 2018

For a person so engaged with the poker machine industry former Victorian premier, Jeff Kennett, doesn't know much about it.His beloved Hawthorn Football Club rakes in more from pokies than any other AFL club thanks to Kennett’s efforts as the[...]

Twitter is purging accounts that were trying to evade prior suspensions

Wednesday  05:55,   15 august 2018

Twitter announced this afternoon it will begin booting accounts off its service from those who have tried to evade their account suspension. The company says the new wave of suspensions will hit this week and will continue in the weeks[...]

Amazon has opened its Sydney warehouse -- and it's twice the size of Melbourne's

Wednesday  05:35,   15 august 2018

Amazon Australia has opened its Sydney warehouse. The new fulfillment centre is 43,000 square metres, or the size of around six football fields. It's twice the size of the first such facility Amazon opened in Australia last year in Melbourne. [...]

Xbox One's translucent Phantom Black controller arrives September 11th

Wednesday  05:30,   15 august 2018

A pair of new Xbox One controllers is on the way next month, including the nifty-looking Phantom Black Special Edition. It has a translucent black finish on the top of the controller that transitions to champagne gold at the bottom. The inputs are[...]

“I’m not here to back lemonade stands”: Steve Baxter on the best age to become an entrepreneur

Wednesday  05:06,   15 august 2018

When is the best time in your life to become an entrepreneur? Queensland's chief entrepreneur and Shark Tank investor Steve Baxter shares his view.While the correct answer is probably ‘whenever works best for you’, Queensland’s chief[...]

Look out, Aldi and Woolworths: American supermarket colossus Walmart could be coming to Australia

Wednesday  04:30,   15 august 2018

American retail colossus Walmart could be coming to Australia - ramping up the supermarket wars - experts are predicting.Coles has been earmarked to be demerged and floated on the Australian Stock Exchange as a separate company by its owner[...]

Australia, NZ dollars stay near multi-month lows

Wednesday  04:10,   15 august 2018

By Swati[...]

Construction union ordered to pay $577,500 for unlawful behaviour

Wednesday  03:05,   15 august 2018

Judge lashes CFMMEU over poor behaviour at sites in Melbourne and Brisbane.The Federal Court of Australia fined the Construction, Forestry, Maritime, Mining and Energy Union $245,000 and officials Nigel Davies $19,000 and Alex Tadic[...]