Displaying items by tag: Shareholders

Australian Prime Minister Scott Morrison has made his reaction known to the blocking of news content in the country by Facebook – in a post on Facebook.

Optus has completed its purchase of amaysim’s mobile business with its 1.2 million subscribers for $250 million.

Disgruntled shareholders have been given the go-ahead to file a class action against Apple, after its chief executive, Tim Cook, allegedly played down the falling demand for iPhones in China, resulting in huge losses for investors.

Australian-listed cloud-based IT solutions provider Linius Technologies says it has received firm commitments from professional investors to raise $5 million.

Apple has responded to concerns raised by its shareholders over the company’s role in enabling the government of China’s cyber-surveillance and censorship, by adopting a new human rights policy, according to activist group SumOfUs and a coalition of investors and human rights groups.

Listed Australian cloud call recording service Dubber says it has received commitments to raise $10 million via a placement to existing institutional and sophisticated investors in the company.

The Australian Greens have called on the Federal Government to attach conditions to any bailout money given to airlines to provide the financial support necessary to pay all workers, rather than allowing Qantas and Virgin to stand down workers without compensation.

Australian-listed call recording platform provider Dubber (ASX: DUB) has completed a $5 million capital raising and says the funds will be used to meet increasing demand for its services and to further develop the business.

ANALYSIS The big news at Telstra's annual general meeting on Tuesday wasn't the fact that the telco reported another drop in profits. Rather it was that the top executives still expected bonuses after another performance that could hardly be described as stellar.

Cloud accounting provider Reckon today announced the sale of its Accountants Practice Management division to MYOB for $180 million in cash.

COMMENT While the recall of the Note7 has been variously estimated by third parties as costing Samsung up to US$17 billion, another aspect of the discontinuation is a loss of future sales revenue and profit.

Telstra will return $1.5 billion to shareholders in a capital management program using the proceeds from the recent sale of its majority stake in Chinese online car sales business Autohome.

Data-Centre-as-a-Service (DCaaS) provider NextDC has announced the successful completion of the retail component of its Entitlement Offer.

The vote on the merger between Amcom and Vocus has been adjourned following the TPG’s hocus pocus, with a date, time and place to come.

The bidding war for iiNet may not yet be done and dusted, even after TPG yesterday upped its offer to $1.56 billion to trump the other iiNet suitor, M2. Now the market waits to see whether M2 will come back to the table yet again with an increased offer.

While some investors are baying for blood Microsoft Chairman Bill Gates and retiring Chief Executive Steve Ballmer are standing firm, announcing their attempt at re-election to the company's board of directors.

Nokia CEO Stephen Elop came under heavy fire from angry shareholders at the company's annual investor's conference, with investors demanding the company change its Windows-only route.