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Justice Department Backs Antitrust Bill Targeting Big Tech

Justice Department Backs Antitrust Bill Targeting Big Tech

Nathan Jolly March 30, 2022 No Comments

The Justice Department has endorsed legislation that will ban tech giants such as Amazon, Google and Apple from favouring their own products over those of competitors on their platforms. This…

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How Much Of Govt’s $19.5B Loan Has NBN Co. Repaid?

How Much Of Govt’s $19.5B Loan Has NBN Co. Repaid?

Nathan Jolly March 30, 2022 No Comments

The government’s $19.5 billion loan to the NBN Co. is close to two-thirds repaid, with $7.4 billion still to be repaid by June 2024. According to new data released in…

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TV Ratings Company Nielsen Bought For $21.3 Billion

TV Ratings Company Nielsen Bought For $21.3 Billion

Nathan Jolly March 30, 2022 No Comments

Nielsen is being acquired for US$16 billion (A$21.3b) by a private equity group, after rejecting the group’s initial US$9 billion takeover offer just a week ago. The bid was made…

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February Retail Sales Beat Expectations

February Retail Sales Beat Expectations

Nathan Jolly March 29, 2022 No Comments

Aussie shoppers have returned to retail, with a better than expected 1.8 per cent sales leap for February. This is according to data released today by the Australian Bureau of…

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Digital Billboard Company Shopper Media Looks For Buyers

Digital Billboard Company Shopper Media Looks For Buyers

Nathan Jolly March 29, 2022 No Comments

Private equity firm Fortitude Investment Partners is looking to offload Shopper Media, who provide digital out of home advertising. The company has digital advertising screens in over 420 shopping centres…

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Bigger iPhone 14 Bump Due To 48MP Sensor

Bigger iPhone 14 Bump Due To 48MP Sensor

Nathan Jolly March 29, 2022 No Comments

Leaked schematics for the iPhone 14 Pro models have shown that both the Pro and the Pro Max will have a substantially bigger camera bump, along with thicker bodies for…

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Morrison Increases Uniti Bid, As Macquarie Talks End

Morrison Increases Uniti Bid, As Macquarie Talks End

Nathan Jolly March 29, 2022 No Comments

Morrison & Co. have increased their takeover bid for telco Uniti from $4.50 per share to $5 per share, following a bid at the latter price from Macquarie and PSP…

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Elon Musk “Giving Serious Thought” To Launching Twitter Competitor

Elon Musk “Giving Serious Thought” To Launching Twitter Competitor

Nathan Jolly March 29, 2022 No Comments

Elon Musk told his 79-million strong Twitter following that he is “giving serious thought” to building a social media platform to compete with Twitter. “Given that Twitter serves as the…

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Microsoft Sacks Staff After Bribery Probe

Microsoft Sacks Staff After Bribery Probe

Nathan Jolly March 29, 2022 No Comments

Microsoft has confirmed it fired employees and terminated contractual partnerships due to bribery and corruption in the Middle East over a number of years. This disclosure came after former Microsoft…

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Samsung Electronics To Post Record Q1 Earnings

Samsung Electronics To Post Record Q1 Earnings

Nathan Jolly March 29, 2022 No Comments

Samsung Electronics is projected to post record first-quarter earnings, according to Korean financial data tracker Yonhap Infomax. According to “earnings consensus among securities firms”, Samsung is on track to post…

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