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Banks will adapt to fintech: Ellis

SMH National News - Tue, 2016-07-12 15:57
Banks are more likely to adapt to fintech than be distrupted by it, the RBA says.
Categories: News Headlines

Former Hawke adviser leads banking review

SMH National News - Tue, 2016-07-12 15:36
Stephen Sedgwick will head a banking review that will look at scrapping or changing commissions for products including mortgages and credit card insurance.
Categories: News Headlines

Downgrade wouldn't cause shock: RBA

SMH National News - Tue, 2016-07-12 15:29
A ratings downgrade generally validates what the market thinks already, the Reserve Bank says.
Categories: News Headlines

Paddle Pop and Sakata snack makers fined by ACCC for misleading health claims

SMH National News - Tue, 2016-07-12 14:47

Two food giants have gotten into trouble for slapping misleading health claims on ice-cream and rice snacks.
Categories: News Headlines

Duketon identifies gold at Petra North

SMH National News - Tue, 2016-07-12 14:06
Duketon Mining has identified 27 intersections of more than 1g/t Au over 1m from aircore drilling at the Petra North prospect.
Categories: News Headlines

Rates 'not US' 1st choice' on house prices

SMH National News - Tue, 2016-07-12 13:37
Rates not first US choice on house prices: Mester
Categories: News Headlines

Optus to refund $2.4m to some customers

SMH National News - Tue, 2016-07-12 13:34
Optus will refund $2.4 million, including interest, to around 175,000 of its mobile insurance customers following ASIC concerns.
Categories: News Headlines

Google To Train 2 Million Indian Android Developers

Slashdot - Tue, 2016-07-12 13:30
An anonymous reader quotes a report from The Stack: Google has announced its new "Android Fundamentals" training program, which aims to train and certify up to two million Android developers in India. The course, soon to be available online and at schools country-wide, is focused on training, testing, and certifying Android developers to prepare students for careers using Android technology. Google is currently working to update the skills of its existing trainers to prepare them to teach the Fundamentals course, as well as updating course materials to provide students a solid foundation in Android development. The new program works with Prime Minister Narendra Modi's 'Skill India' initiative, launched in 2015 with the intent of training 400 million Indian citizens with new vocational skills by 2022. Caesar Sengupta, VP Product Management for Google, said that while India is forecasted to have the largest developer population in the world by 2018, with almost four million developers, only a quarter of them are currently building for mobile.

Read more of this story at Slashdot.

Categories: Geek News

Gradual US rate hikes appropriate: Mester

SMH National News - Tue, 2016-07-12 13:04
The president of the US Federal Reserve Bank of Philadelphia is comfortable the US central bank isn't behind the curve on interest rates.
Categories: News Headlines

Drunk backpacker rescued from Darwin roof

SMH National News - Tue, 2016-07-12 12:53

Irish traveller wakes up befuddled stuck on roof after drunken nap.
Categories: News Headlines

Schools lack resources to investigate sex abuse: Royal Commission

SMH National News - Tue, 2016-07-12 12:24

Small schools lack the capacity to adequately investigate serious abuse claims, a royal commission has heard.
Categories: News Headlines

Authors of controversial TAFE report concede possible omission about Australian Careers Network

SMH National News - Tue, 2016-07-12 12:00

Boston Consulting Group has conceded it knew a private college had financial problems before it completed a controversial $90,000 report for TAFE NSW.
Categories: News Headlines

Strong economy may force rates rethink

SMH National News - Tue, 2016-07-12 11:36
National Australia Bank says the strong domestic economy will make the Reserve Bank think twice about cutting rates to boost inflation next month.
Categories: News Headlines

ERA's June quarter output up 25 pct

SMH National News - Tue, 2016-07-12 11:27
Uranium miner Energy Resources of Australia has posted a 25 pct jump in June quarter uranium oxide production to 489 tonnes.
Categories: News Headlines

Seagate Fires 6,500, Or 14% of Workforce, Stock Soars

Slashdot - Tue, 2016-07-12 11:25
turkeydance quotes a report from Zero Hedge: [Seagate] announced today an additional restructuring plan for continued consolidation of its global footprint across Asia, EMEA and the Americas. The plan includes reducing the Company's global headcount by approximately 6,500 employees, or 14% of its global headcount by the end of fiscal year 2017. The total pretax charges for the plan will be approximately $164 million in fiscal year 2017. The restructuring activities and global footprint consolidation underway should enable the Company to be operating within its targeted Non-GAAP product gross margin range of 27-32% by the December 2016 quarter. "Computer-memory specialist Seagate announced that its Q4 revenue would be $2.65 billion, beating expectations of $2.34 billion, and up from the $2.3 billion guidance given previously," reports Zero Hedge. "The company also reported gross margin of 25% and non-GAAP gross margin of approximately 25.8% for the fiscal fourth quarter 2016, up from the previous 23% forecast. Good news, and the stock is up 12% after hours as a result."

Read more of this story at Slashdot.

Categories: Geek News

Third Tesla Crashes Amid Report of SEC Investigation

Slashdot - Tue, 2016-07-12 10:45
An anonymous reader writes: Tesla hasn't had the best month so far as not one, not two, but a total of three crashes have been reported with the car's Autopilot self-driving system engaged at the time -- two of which resulted in fatalities. In addition, The Wall Street Journal is reporting today that the Securities and Exchange Commission is investigating whether Tesla violated securities law by failing to disclose more quickly a fatal accident in Florida in May involving a Tesla Model S that was in self-driving mode. The SEC didn't comment on the report, and Tesla issued a statement saying it has "not received any communication from the SEC regarding this issue." As for the Autopilot crash that was reported today, the driver said he activated Autopilot mode at the beginning of his trip. Tesla is looking into the crash and has yet to confirm whether or not Autopilot was a factor. Tesla CEO Elon Musk teased a "Top Secret Tesla Masterplan, Part 2" via Twitter that he is "Hoping to publish later this week."

Read more of this story at Slashdot.

Categories: Geek News

Alumina gets $34m from AWAC in June qtr

SMH National News - Tue, 2016-07-12 10:44
Metals producer Alumina has received $34.2 million by way of dividends as its share from the AWAC joint venture with Alcoa.
Categories: News Headlines

Consumer confidence slides after election

SMH National News - Tue, 2016-07-12 10:06
Consumers' views about the economic outlook have deteriorated but they remain optimistic about their own finances for now, an ANZ-Roy Morgan survey shows.
Categories: News Headlines

Transurban raises $117m in Euro debt

SMH National News - Tue, 2016-07-12 09:27
Toll road operator Transurban has raised $117 million through a private placement in the Norwegian debt market.
Categories: News Headlines

International markets roundup

SMH National News - Tue, 2016-07-12 07:28
News from the world’s major stock markets
Categories: News Headlines

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