Amazon who is currently scoping the Australian market with a view to launching a local version of their online store, has reported a massive surge in profit, a major contributor is the Companies Web services division who is this week holding a major conference in Australia.
David Teoh's ASX-listed Internet service provider TPG - Australia's fourth biggest ISP after Telstra, Optus and iiNet with 516,000 broadband subscribers - has reported net profit of $33.8 million, up 23 percent, for the six months to December 31.
Dell is getting set to sell US$16 billion (A$21 billion) or more of secured bonds as early as Tuesday in a bid to help fund its mammoth acquisition of storage company EMC. The yield on a 10-year bond is being offered at around 6.5 percent.
The Australian bitcoin industry is facing demands for more regulation, following recent events, including news that South Australian-based bitcoin exchange Igot may be on the brink of collapse, owing thousands of dollars to customers who sought to buy bitcoins.
Sony who witnessed an 85% decline in mobile phone sales in Australia in Q1 2016, has overnight come out and said that their profits are set to half, they have also confirmed that their mobile division is getting smashed by their inability to compete.