THE NEWS WRAP: Apple reports jump in net profit, seven-for-one stock split and share buyback

4:36AM | Thursday, 24 April 2014 | Andrew Sadauskas

There have been big jumps in net profit for Apple and Facebook, while Treasurer Joe Hockey has foreshadowed cuts to both taxes and the age pension in the May budget.


THE NEWS WRAP: NBN looks at leasebacks as cost-saving measure

4:33AM | Wednesday, 23 April 2014 | Andrew Sadauskas

NBN Co chief executive Bill Morrow has revealed he is open to leaseback facilities, and while he does not aim to offshore more jobs, is not opposed to doing so. Plus iiNet announces new directors and the cloud boosts VMWare’s revenues.

 | Business

THE NEWS WRAP: Packer set to bet on a return to Las Vegas

4:41AM | Tuesday, 22 April 2014 | Andrew Sadauskas

James Packer’s Crown Resorts is set to make a bid for a $US2 billion casino on the Las Vegas Strip.

 | Business

THE NEWS WRAP: Megaupload’s Kim Dotcom launches political party

4:27AM | Thursday, 17 April 2014 | Andrew Sadauskas

Controversial online file sharing entrepreneur Kim Dotcom is forming his own political party. Plus Google’s 32% growth in profits disappoints Wall Street and a Tokyo court rejects a bid to resuscitate Mt. Gox.

 | Business

THE NEWS WRAP: Sydney Airport given first right of refusal over second airport

4:45AM | Wednesday, 16 April 2014 | Andrew Sadauskas

Sydney Airport is set to negotiate with the federal government over the rights to build a second airport at Badgerys Creek, 50 kilometres west of Sydney.

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THE NEWS WRAP: NBN Co set to battle TPG over fibre-to-the-basement

4:34AM | Tuesday, 15 April 2014 | Andrew Sadauskas

New NBN Co chief executive Bill Morrow is set to announce an aggressive rollout of fibre-to-the-basement technology in a bid to push TPG out of the market.

 | Business

THE NEWS WRAP: Amazon looking at launching Kindle smartphone

4:32AM | Monday, 14 April 2014 | Andrew Sadauskas

Amazon is believed to be gearing up to release a smartphone in the second half of this year, according to reports in the Wall Street Journal.

 | Business

THE NEWS WRAP: Google Glass gets public release in the US next week

4:25AM | Friday, 11 April 2014 | Andrew Sadauskas

Google has revealed it is set to release its Google Glass wearable devices to the general public next week.

 | Business

THE NEWS WRAP: Encrypted data at risk due to Heartbleed bug

4:26AM | Thursday, 10 April 2014 | Andrew Sadauskas

Security experts are urging website owners to update their web server software after the discovery of a bug called “Heartbleed” that puts encrypted data, such as passwords and credit card numbers, at risk.

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THE NEWS WRAP: Turnbull claims 300,000 properties will miss out if NBN plan doesn’t change

4:20AM | Wednesday, 9 April 2014 | Andrew Sadauskas

Communications Minister Malcolm Turnbull is set to claim up to 300,000 premises outside the NBN’s fixed line footprint will miss out on broadband without changes, in a speech to be delivered today.

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THE NEWS WRAP: Australia signs trade agreement with Japan

4:32AM | Tuesday, 8 April 2014 | Andrew Sadauskas

Prime Minister Tony Abbott and Japanese Prime Minister Shinzo Abe have struck a bilateral trade agreement that will see tariffs cut on Australian agricultural exports.

 | Business

THE NEWS WRAP: Government bullish about free trade agreement with Japan, but beef remains a bone of contention

4:25AM | Monday, 7 April 2014 | Andrew Sadauskas

Prime Minister Tony Abbott has said he remains cautiously optimistic about Australia securing a free trade agreement with Japan, although tariffs on Australian beef exports remain a key point of contention.

 | Business

THE NEWS WRAP: Firefox chief Eich resigns over anti-homosexual controversy

4:36AM | Friday, 4 April 2014 | Rose Powell

Mozilla cofounder Brendan Eich has resigned after becoming embroiled in a controversy around his support of anti-gay marriage bill Proposition 8.

 | Business

THE NEWS WRAP: Microsoft announces Siri competitor, gives Windows Phone away free to device makers

4:42AM | Thursday, 3 April 2014 | Andrew Sadauskas

Microsoft chief executive Satya Nadella has announced the release of a Siri competitor called Cortana during a keynote speech to the company’s annual Build developer conference in San Francisco.

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THE NEWS WRAP: Apple set to begin producing iPhone 6 screens next month

4:36AM | Wednesday, 2 April 2014 | Andrew Sadauskas

Apple is set to begin mass production on screens next month for its next flagship smartphone, the iPhone 6, according to reports.

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THE NEWS WRAP: Microsoft announces senior executive shake-up

4:31AM | Tuesday, 1 April 2014 | Andrew Sadauskas

Microsoft chief executive Satya Nadella has announced the first major management shakeup of his leadership.

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THE NEWS WRAP: Microsoft confirms Office for iPad, expands cloud services

3:21AM | Friday, 28 March 2014 | Andrew Sadauskas

New Microsoft chief executive Satya Nadella has announced the release of its Office suite designed for the iPad and a touch-first version for Windows, along with a new cloud-based Enterprise Mobility Suite.

 | Business

THE NEWS WRAP: Candy Crush maker’s IPO disappoints

3:29AM | Thursday, 27 March 2014 | Andrew Sadauskas

Candy Crush maker King Digital has disappointed investors with its IPO, with the stock down by as much as 16% in its first day of trading.

 | Business

THE NEWS WRAP: TPG announces jump in profits

3:21AM | Wednesday, 26 March 2014 | Andrew Sadauskas

Internet and telecommunications giant TPG has announced a 15% year-on-year increase in net profits to $90.1 million for the six months to January.

 | Business

THE NEWS WRAP: Government puts FoFA changes on ice

3:17AM | Tuesday, 25 March 2014 | Andrew Sadauskas

Finance Minister Mathias Cormann has announced the government won’t introduce proposed changes to the Future of Financial Advice regulations into parliament this week, following Arthur Sinodinos’ resignation as assistant treasurer.

 | Business