Business News

6 things you need to know today

  • Disney is buying a large part of the Murdoch family's 21st Century Fox in a $68 billion deal, including film and television studios, cable and international TV businesses as it tries to meet competition from technology companies in the entertainment business.
  • Liberal John Alexander failed to declare thousands of dollars in rental income from his $4.8 million, eight-bedroom luxury property in the NSW Southern Highlands. Will this spoil his chances of winning the election?
  • Casino giant Crown Resorts will sell two floors of its new luxury Sydney complex for $60 million to its largest shareholder, billionaire James Packer, as part of a $700 million package of asset sales in Australia and overseas. The sale was announced as part of a list of Crown's plans to divest about $700 million in assets.
  • Westpac will need to pay a total of $11 million in compensation to customers who held one of 13,000 owner-occupier, interest-only home loans affected by a mortgage processing error. The error led to those customers continuing to make interest-only repayments on their loans, instead of being switched to principal and interest repayments at the end of their interest-only period.
  • ' Boom-time' levels of jobs growth in the Australian economy have defied expectations for bleak Christmas trading. The economy added 62,000 jobs in November which was three times more than economists had forecast
  • Overnight, the Dow Jones index, rose 0.3% to 24,585, the S&P 500 fell 0.1% at 2,663, and the Nasdaq was up 0.2% at 6,876. In Europe, the FTSE was down 0.7% to 7,448, Euro Stoxx 50 was lower at 0.5% at 3,562, the German DAX was down 0.4% at 13,069. The ASX SPI 200 finished up 0.1% at 6,008.packe

Published on: Friday, December 15, 2017

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