Tesla investors ask judge to silence Musk
DETROIT, AP – A group of Tesla shareholders suing CEO Elon Musk over some 2018 tweets about taking the company private is asking a federal judge to order Musk to stop commenting on the case. Lawyers for stockholders of the Austin, Texas-based company also say in court documents that the judge in the case has…
Morning airport peak hour passes smoothly
SYDNEY, AAP – The expected rush at the country’s busiest airports has passed after fears of Easter holiday chaos but continued staff shortages meant some travellers arrived at destinations without their bags. Sydney Airport said people had been passing through security inside 45 minutes as large queues moved smoothly on Good Friday. Customers had been…
Retailers to enjoy Easter sales boost
CANBERRA, AAP – Retailers can expect a $7.1 billion boost over the Easter long weekend as many Australians get away for the first time in two years. Research by the Australian Retailers Association and pollster Roy Morgan estimate $1.5 billion will be spent on food alone, including seafood, hot-cross buns and Easter eggs. About one…
Musk makes $US43 billion offer for Twitter
NEW YORK CITY, RAW – Billionaire entrepreneur Elon Musk took aim at Twitter Inc with a $43 billion ($A58 billion) cash takeover offer, with the Tesla CEO saying the social media company needs to be taken private to grow and become a platform for free speech. “I think it’s very important for there to be…
Independents could have their day at poll
CANBERRA, AAP – Candidates outside the major parties are hoping for a bigger slice of the political pie at the May 21 federal election. And with a tight race forecast, independents could be a crucial factor in determining who gains power. The coalition holds 76 seats in the House of Representatives, the bare minimum for…
US stocks close lower as bond yields climb
NEW YORK, RAW – The S&P and the Nasdaq have closed lower at the end of a holiday-shortened week as bond yields resumed their uphill climb and investors contended with mixed earnings and economic data. All three major US stock indexes posted weekly losses on Thursday ahead of the Good Friday holiday. “It’s a combination…
Legal experts back public federal ICAC
CANBERRA, AAP – Integrity experts have backed a public model of a federal corruption watchdog as the prime minister ditches his promise to establish one. Scott Morrison said a federal watchdog hosting public hearings would become a “kangaroo court” that would tarnish people’s reputations. But top silks say a federal model would be ineffective without…
Election focus needed on older Australians
CANBERRA, AAP – The peak body for older Australians has urged whoever wins the May 21 election to take a whole of government approach to tackle issues faced by older Australians. The Council of the Ageing Australia says it has never been more important to engage with older people as the population continues to age….
Labour headaches as WA jobless rate falls
PERTH, AAP – Western Australia will ramp up efforts to address labour shortages that have imperilled the construction industry as unemployment hits a near-record low. The state’s jobless rate in March fell to a nation-low 3.4 per cent, the lowest level in 14 years. WA accounted for more than 40 per cent of all jobs…
Aust shares close 0.6 pct higher
SYDNEY, AAP – The Australian share market has notched up solid gains before the Easter long weekend thanks to a continuing rally in commodity prices. The benchmark S&P/ASX200 index ended 44.4 points, or 0.59 per cent, higher to 7523.4 on Thursday. It was up 0.6 per cent over the shortened trading week. The index is…
