TPG Capital Leads $2.7 Billion Bid For Fairfax
/
May 15, 2017
//0 Comment
TPG Capital and Ontario Teachers’ Pension Plan have offered $2.76 billion to takeover Fairfax Media and all of its assets. Shareholders had responded... Read More
Australia Sleeps Through ‘Biggest Ransomware Attack In History’
Australians look to have dodged a bullet when it comes to the WannaCrypt (also known as WannaCry) ransomware that wreaked havoc over... Read More
ACCC Warn Of Scams As 47% Increase Looms
The Australian Competition and Consumer Commission’s annual Targeting Scams report has noted a 47% increase in scam reports to the ACCC compared... Read More
Samsung, Intel Join Qualcomm Suit
Samsung, one of chipmaker Qualcomm’s largest customers, and Intel, one of its biggest competitors, have added their support to the Federal Trade... Read More
Huge Cyber-Security Threat May Be Headed Down Under
Hundreds of Australian businesses and government agencies have been checking their IT systems this morning, if they didn’t already do it over... Read More
Vita Group CEO Loses Millions Due To Telstra Store Renegotiation
Vita Group founder and CEO Maxine Horne has seen her stake in the company drop in value by $17 million in a... Read More
Sensis Clean Up Contract Terms After ACCC Investigation
The ACCC has accepted a court enforceable undertaking from marketing services provider Sensis following an investigation into the company’s automatic contract renewal... Read More
Snap Shares Crackle And Crash
Shares in Snap, the owner of popular app Snapchat, plunged after the US company reported slowing user growth and revenue in the... Read More
Senate Committee Calls For Tighter Drone Flying Rules
A parliamentary committee has asked Infrastructure Minister Darren Chester to call for greater safeguards for airspace and the public from increasingly popular... Read More
Xero Cock-A-Hoop After Passing One Million Subscriber Milestone
Kiwi-based cloud accounting software provider Xero says it passed a one million subscriber milestone in its most recent year, while also posting... Read More
Senate Journalism Inquiry Puts Facebook, Google In Spotlight
Clickbait, fake news and the power of major technology and advertising companies, such as Google and Facebook, will come under the spotlight... Read More
NBN On Track For Milestones – But Complaints High
NBN Co claims it has hit all key metrics for its third quarter ended March 31, including full-year targets and its halfway... Read More
Citi Predicts Amazon Will Push Oz Retail Down 10%
Market analysts at CITI have predicted that the arrival of Amazon will have an impact on the bottom line of Australian retailers... Read More
Amazon Searches Surge Ahead Of Australian Launch
Amazon-related searches have risen by 93% in Australia since July last year as an increasing number of consumers seek out information about the... Read More
Breville Announces New Head Of Marketing
Brevile has appointed Roni Robertson to the new position of Head of Marketing for Breville Group ANZ. Robertson was previously the business... Read More
Telecoms Ombudsman Reports 65K In Complaints
According to a new report out of the Telecommunications Industry Ombudsman, complaints against telcos by both consumers and businesses are on the... Read More
Samsung Announce New Partnership With Qantas
Samsung have announced a new partnership with Qantas that’ll see eligible Qantas Frequent Flyers and members of the Qantas Business Rewards program... Read More
New iPhone Production Back On Track
According to Digitimes, previous rumors that Apple’s next flagship iPhone device had been pushed back from its usual launch window have been... Read More
Australian Retail Dips In Latest ABS Numbers
According to the latest data out of the Australian Bureau of Statistics, Australian retail turnover fell 0.1 per cent in March 2017.... Read More
Parrot Targets Businesses With New ‘Professional’ Division
Parrot is adapting its range of consumer drones for small and medium business applications. The new ‘Parrot Professional’ range integrates additional technology and... Read More
Overseas Retailers Make Up 40% Of Online Sales In Oz
Australians continue to turn to overseas websites for online purchases according to data gathered by Australia Post. The Sydney Morning Herald reported that... Read More
Dell Increases E-Sports Push As Gaming Demand Takes Off
In contrast to those shrinking overall PC sales, global demand for gaming PCs is heating up and the boom will continue over... Read More
Former Google Australia Boss Slams $1Bn Railway Plan
Former CEO of Google A/NZ, Maile Carnegie, pictured – now ANZ Bank’s head of digital matters – has been quick to criticise... Read More
Canberra Frees Up Conditions For Free-To-Air Broadcasters
Ahead of tomorrow’s Budget announcements, the Turnbull Government has revealed plans to free up conditions surrounding Australia’s free-to-air broadcasting sector and impose... Read More
Anger Spreads As ACCC Rules To Let Telstra Keep Bush Monopoly
Friday’s draft decision by the Australian Competition and Consumer Commission to bar wholesale mobile roaming among Australian telcos’ regional networks is seen... Read More
Telstra Welcomes ACCC Ruling On Mobile Roaming
The biggest telco in Australia has praised the ACCC’s decision to rule in its favor this morning over the sale of wholesale... Read More
ACCC Rules On Roaming Big Win For Telstra
The ACCC has made its latest draft determination, ruling against the sale of wholesale domestic mobile roaming services. “The ACCC has insufficient... Read More
Qualcomm Seeks A Halt To iPhones
In the ongoing legal spat over patents between Apple and Qualcomm, the chipmaker is calling on the US International Trade Commission to... Read More
Fitbit Beats Revenue Forecast
Wearable device maker Fitbit has posted quarterly revenue that’s down 41 percent to $298.9 million – but still higher than US analysts’... Read More
Apple Launches $1bn Advanced Manufacturing Investment Fund
Apple plans to create a US$1 billion fund to invest in US companies involves in advanced manufacturing. CEO Tim Cook said on... Read More
E3 Style Boss Claims That She Could Win A Minimum Of $12M In Her Fight With Crest
Vanessa Garrard the CEO of Brisbane based distributor E3 Style, who is currently involved in a major fight with The Crest Company,... Read More
Facebook Reports Revenue And Profit Surge
Facebook has reported better than expected earnings for the first quarter of 2017 as the social media site approaches 2 billion monthly... Read More
Fitbit Beats Earnings, Denies Production Problems
Fitbit’s CEO James Park has denied reports that the company’s first entry into the smartwatch market has been a troubled one, speaking... Read More
Telstra Loses Ground In NBN Regional Areas Rollout
Telstra is progressively losing ground to its competitors on the NBN network in regional areas, according to data released by the Australian... Read More
JB Hi Fi Boss Tips “Low” Price Battle With Amazon
Tipped to witness a major decline in revenues with the pending arrival of Amazon, JB Hi Fi boss Richard Murray has told... Read More
Fairfax Media Cuts 125 Newsroom Jobs
Fairfax will lay off about 25% of its metro journalists in an effort to deliver $30 million in cost reductions. The company’s... Read More
Audio Active Secures Distribution of Emotiva Audio and Home Cinema Range
Audio Active has been appointed the sole Australian distributor of US-based Emotiva’s range of audio and home cinema products. Designed in Tennessee by... Read More
Sony Mobile Struggles As Smartphone Shipments Crash
According to research firm Strategy Analytics, shipments of Sony smart phones have fallen to an all time low. The firm says that... Read More
Harvey Norman & Apple Most Complained About Businesses In NSW
According to data from NSW Fair Trading, Harvey Norman and Apple were the top two businesses by number of complaints during the... Read More
Woolworths Races Ahead Of Rivals In Latest Quarterly
Woolworths has left its biggest rival behind, with the supermarket delivering one of its strongest quarterly results in years. In a press... Read More
Acquisition Ahead? Melbourne IT Suspends Share Trading
Melbourne IT has called a trading halt on its shares, pending a coming announcement by the company. Trading will be halted at... Read More
BenQ Adds Dicker Data To Distribution Network
LCD display player BenQ has added Dicker Data to their network of distribution partners. The company says that effective from May today,... Read More
Officeworks IPO Begins To Take Shape
Wesfarmers have begun the process of selling off their stationary chain-store Officeworks, with early valuations for the company As reported by the... Read More
Many Oz Companies Face Ruin Over New EU Rules: Report
Nearly 25 percent of Australian organisations fear that failure to comply with new European Union regulations on data regulation could put new... Read More
Aust. Business ill Prepared For Digital Age: Global Study
Staff shortages in IT-skilled positions are threatening Australia’s position in global business in the coming era of digital transformation, according to a... Read More
Alphabet’s Profit Continues To Surge
Google parent company Alphabet has reported a 29% surge in profit to US$5.4 billion in the first quarter of the year. Advertising... Read More
LG Report Highest Operating Income Since 2009
Following on from yesterday’s report about LG’s Display division raking in a record profit for the quarter, the rest of the LG... Read More
Bose Responds To ‘Inflammatory’ & ‘Misleading’ Spying Allegations
Bose has rejected allegations that it has displayed “wholesale disregard” for customer privacy by collecting data through its app. A class action lawsuit... Read More
Samsung Profits Rise 48% Driven By Component Sales
Samsung has reported its highest quarterly profit since 2013 on the back of increased demand for components. Operating profit for the first... Read More
EXCLUSIVE: E3 Style Boss Forms New Company After $250K Claim By Powermove + Court Action With Crest
Brisbane based Vanessa Garrard founded E3 Style in 2006, she called in the administrators in 2016, now the former CEO, who is... Read More