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Nokia Shares Plunge 15%, Sales Drop, Awaits 5G Launch

Roma Christian October 27, 2017 No Comments

Shares in Finnish-based Nokia have plunged 15%, after the company posted a wider than expected third-quarter loss, and revealed a downbeat outlook for 2018. Nokia was once considered the world’s…

JB Hi-Fi Pushes For Online Growth, Ahead Of Amazon Launch

Roma Christian October 27, 2017 No Comments

With Amazon set to launch in Australia before Christmas, JB Hi-Fi Chief Executive, Richard Murray, has announced the retailer is focused on growing its online division, attesting it has “improved a lot”, though is…

Kevin Rudd States There Should Be A Royal Commission Into The NBN

Roma Christian October 27, 2017 No Comments

Former Australian Prime Minister Kevin Rudd has offered a strong “yes”, when posed with the question of whether there should be a Royal Commission into the “NBN debacle”. Mr Rudd…

Optus Tightens Its Belt, Axes 240 Jobs

Roma Christian October 26, 2017 No Comments

Optus has announced it will outsource its network management centre to Nokia from April next year – resulting in about 170 network staff layoffs, adding to the separate axing of 70 Business…

LG Display Net Profit Soars 152% In One Year

Roma Christian October 26, 2017 No Comments

LG Display (LGD) has reportedly notched a 152% jump in net profit for the third-quarter of 2017, compared to the same period last year. Taiwanese-based trade publication, DigiTimes, disclosed the figures,…

NBN Announces New “Ultra Fast” Speeds For Businesses in 2018

Roma Christian October 26, 2017 No Comments

The NBN Co. has announced it will begin deploying ‘G.fast’ technology next year, which will pave the way for “ultra fast speeds” over copper lines, through its broadband access network. The service will…

MSY Technology Fined $750K For Misleading Warranties

Roma Christian October 25, 2017 No Comments

For the second time, the ACCC has fined national consumer electronics retailer, MSY Technology, for misrepresenting consumers’ rights to remedies for faulty items. The Australian Federal Court has officially penalised MSY…

Myer & Lew Tensions Worsen: “The Numbers Don’t Lie”

Roma Christian October 25, 2017 No Comments

Tensions between billionaire Solomon Lew and department store retailer Myer only seems to be getting worse, following the release of a bulletin by Lew’s Premier Investments which compared its share price to…

Target Crashes, Kmart Up, Bunnings Wobbles, Officeworks On Track

Roma Christian October 25, 2017 No Comments

Following the release of its latest Q1FY2018 earnings report, Wesfarmers Limited has notched further growth for Kmart and Officeworks, as Target continues to flounder, and hardware giant Bunnings feels the pressure…

NBN CEO Defends Staff Bonuses, Whilst Complaints Soar 160%

Roma Christian October 25, 2017 No Comments

Chief Executive Officer of the NBN Co, Bill Morrow, has been forced to defend the millions of dollars of short-term benefits allocated to staff, as NBN-related complaints skyrocket almost 160% across the…