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Trial pitting Waymo against Uber further delayed

The start of the trial in Waymo’s suit against Uber over swiped self-driving car secrets was delayed once again Tuesday in the face of potentially troubling new evidence.Waymo and Uber confirmed that US District Judge William Alsup postponed the trial, which was scheduled to begin next week, to a date yet to be determined.Last-minute evidence…

CommSec Daily Report Wednesday

Latest NewsThe Australian sharemarket has followed the lead of Wall Street with our local market opening higher and back above the 6000 point mark for the ASX 200, which has been difficult to break through over the last fortnight. The ASX 200 has gained 40pts or 0.7% at the time of writing. US markets shrugged…

More Crown pokies tampering allegations

Poker machines at Melbourne’s Crown Casino were tampered with to limit betting options, a fresh whistleblower alleges. The man, who went to the ABC with his allegations, is the fourth person to make such claims after federal independent MP Andrew Wilkie aired allegations by three others in parliament in October. Victorian Gamining Minister Marlene Kairouz…

Mayne Pharma expects “soft” H1 to improve

Drugs manufacturer Mayne Pharma is still feeling the impact of tough competition and lower prices in the generic drugs market in the US, but expects the release of new drugs and restructuring initiatives will boost the company’s financial performance. Chief executive Scott Richards says the company’s first half is expected to be “soft” but that…

Telstra, banks and miners weigh on market

The share market ended a day of fluctuating fortunes slightly weaker, amid falls for the heavyweight banks, miners and telcos. The benchmark S&P/ASX200 stock index dropped 4.5 points, or 0.1 per cent, to 5,984.3 points. A lack of momentum is making it difficult for the market to leave the 6,000 point level behind, Macquarie Private…

Big dollar jackpots boost Tatts’ quarter

Tatts Group’s first quarter net profit has jumped almost 15 per cent, boosted by a string of bigger-than-usual multi-million dollar lottery jackpots. The gambling group’s post-tax net profit from continuing operations for the three months to September 30 was $67.2 million – up 14.8 per cent on the same time last year, while revenue grew…

BHP expects to deliver $2.2b in cost cuts

BHP Billiton expects to lower costs in its Australian mining operations by a further 10 per cent and has forecast the division will deliver $US1.6 billion ($A2.2 billion) in productivity gains over the next two years. At an investor briefing in Adelaide on Tuesday, BHP Minerals Australia president Mike Henry said the company had reduced…

Confidence slips, but outlook is festive

Consumer confidence eased in the past week but the ongoing improvement in labour market conditions may yet spell good news for retailers over the holiday season. The latest ANZ-Roy Morgan Consumer Confidence Index showed a 1.2 per cent slip to 115 in the week to November 26 on doubts about the current and future state…

NBN technology terrific, minister insists

Despite technical problems, the federal government is heralding the connection of the national broadband network via pay-TV cables as terrific technology. NBN Co has announced it will temporarily suspend rollout of the hybrid coaxial-fibre (HFC) network, warning of six to nine-month delays. ‘There’s no problem that’s been identified that can’t be fixed. They will be…

Stocks to watch

Stocks to watch on the Australian stock exchange: BHP – BHP BILLITON – down 46 cents, or 1.7 per cent, at $27.49 BHP Billiton expects to lower costs in its Australian mining operations by a further 10 per cent and has forecast the division will deliver $US1.6 billion ($A2.2 billion) in productivity gains over the…