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Latest news: Company Information

Andrew Forrest's Fortescue flags major asset writedown

Andrew Forrest's Fortescue flags major asset writedown

Fortescue will write off $746 million from the value of its Iron Bridge magnetite mine in the Pilbara after reviewing scenarios for the troubled operation.

OpenAI rogue agent compromises account at second firm

OpenAI rogue agent compromises account at second firm

OpenAI rogue agent compromises account at second firm

OpenAI rogue agent compromises account at second firm

The rogue agent that escaped from OpenAI has compromised a customer at a second tech company.

Woodside to pay $320m for greater stake in gas project

Woodside to pay $320m for greater stake in gas project

Woodside to pay $320m for greater stake in gas project

Woodside to pay $320m for greater stake in gas project

Woodside Energy is moving to increase its stake in the proposed $49 billion Browse gas field by pre-empting a sale by one of its joint venture partners.

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Back to the future: Kmart returning checkouts to exits

Back to the future: Kmart returning checkouts to exits

Kmart Group is refurbishing two dozen more stores to a new format, and opening a new concept store for home goods near an Australian capital city.

'Blows my mind': KPMG's whistleblower issues collide

'Blows my mind': KPMG's whistleblower issues collide

A consultancy firm facing claims it mishandled allegations of misconduct by a whistleblower was dealing with whistleblower complaints for major companies.

Data centres drive record $6 billion investment boom

Data centres drive record $6 billion investment boom

A spike in spending on equipment needed to power AI has underpinned strong growth in business investment, despite a slowdown in consumer spending.

Kiwi firm's sheep-derived healing products sales soar

Kiwi firm's sheep-derived healing products sales soar

Sales of a product made of sheep guts for complex wound and soft tissue reconstruction are up 54 per cent in a "breakout year" for an ASX-listed Kiwi company.

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‘Dumb, rich and insured’: hackers target Aussie firms

‘Dumb, rich and insured’: hackers target Aussie firms

‘Dumb, rich and insured’: hackers target Aussie firms

‘Dumb, rich and insured’: hackers target Aussie firms

Australian businesses are growing targets for online criminal gangs and an executive whose company was attacked warns it is hard to avoid.

Qantas customers claim $105m compo over COVID credits

Qantas customers claim $105m compo over COVID credits

Qantas customers claim $105m compo over COVID credits

Qantas customers claim $105m compo over COVID credits

A $105 million pot could be shared among hundreds of thousands of Qantas customers after the carrier settled a class action over COVID-19 flight credits.

UK MPs reject Aussie-style kids' social media ban

UK MPs reject Aussie-style kids' social media ban

UK MPs reject Aussie-style kids' social media ban

UK MPs reject Aussie-style kids' social media ban

British MPs have rejected a proposed Australian-style ban on social media for under-16s that was being pursued by campaigners, including Hugh Grant.

Qantas shares nosedive amid weak international demand

Qantas shares nosedive amid weak international demand

Qantas shares nosedive amid weak international demand

Qantas shares nosedive amid weak international demand

Qantas shares flew high in early trading but then faltered and plunged to a three-month low after Australia's biggest airline delivered mixed half-year results.

Renewables growth energises spending as inflation rises

Renewables growth energises spending as inflation rises

Renewables growth energises spending as inflation rises

Renewables growth energises spending as inflation rises

Capital expenditure has been rising fast in Australia as the treasurer warns stubborn inflation will mean savings are needed in the budget.

Cochlear crashes in latest earnings season carnage

Cochlear crashes in latest earnings season carnage

Cochlear crashes in latest earnings season carnage

Cochlear crashes in latest earnings season carnage

Hearing device manufacturer Cochlear has suffered a 19 per cent sell-off after posting weaker-than-expected half-year earnings and trimming its guidance.

ASX lifts earnings but transformation costs rising

ASX lifts earnings but transformation costs rising

ASX lifts earnings but transformation costs rising

ASX lifts earnings but transformation costs rising

Bourse operator ASX Ltd has grown its earnings and profits despite facing a barrage of headwinds, including regulator woes, outages and a hunt for a new leader.

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BlueScope predator is comfortable about moving on

The Stokes family-controlled SGH says it has delivered a strong first-half result, and signalled its not for turning on its rejected BlueScope takeover bid.

Amazon cuts 16,000 jobs in the latest round of layoffs

Amazon has told staff it plans to cut around 16,000 jobs globally as part of efforts to streamline operations and reduce bureaucracy across the business.

U-turn: Ford takes $US19.5b hit, retreats from EVs

Ford is backing away from plans to manufacture large electric vehicles, citing lacklustre demand.

Nvidia results beat estimates amid AI bubble jitters

Chip giant Nvidia beat Wall Street's expectations for revenue and upcoming sales, easing fears about AI spending that have jolted the US stock market recently.

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Embattled telco takes another hit after anti-scam fail

Optus has paid a six-figure fine after a technical glitch let scammers gain access to customers' bank accounts.

Christmas bookings bring good tidings for pub giant

Australians look set to open their wallets over the festive period with hospitality giant Endeavour Group projecting strong Christmas pub bookings.

BHP liable for 2015 Brazil dam collapse, UK court rules

BHP can be held liable over the 2015 collapse of a dam in southeastern Brazil, London's High Court has ruled.

Mining boss skewers Trump over moves against renewables

Renewable energy is taking over from oil, coal and gas, an Australian mining magnate has told shareholders, and efforts to hold back the trend are misguided.

Workers threatened with weapons as retail crime spikes

Retail crime is worsening with a drastic number of Bunnings and Kmart workers threatened with violence every month, parent company Wesfarmers says.

Coles puts heat on Woolworths with strong sales growth

Supermarket giant Coles continues to take market share from key rival Woolworths, posting stronger quarterly sales growth than its bigger competitor.

'Eye off the ball': Woolies lays blame for limp results

A string of "distractions" are the reason why Woolworths failed to deliver for shareholders, the company's leaders say.

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