Business

Treasury Wine Estates pays $A754m for Diageo's United Kingdom

Treasury Wine Estates is getting on the front foot to bolster its United States business by acquiring most of alcoholic beverages giant Diageo's wine division for $754 million , and will help pay for the purchase with a 2-for-15 rights issue to raise $486 million.

Business

Xerox now expects Q3 loss on charges

Xerox is recording a $240 million charge against earnings in the third quarter to account for its decision not to complete the installation of new systems to manage Medicaid cases in California and Montana. The company's third-quarter 2015 results will reflect an after-tax charge of approximately $240 million related to Health Enterprise Medicaid platform implementations.

Business

Got a Volkswagen? The diesel emissions scandal could affect you

Ms Burgdorf said extra staff had been drafted in to its customer service centre to speak to Audi owners who may have concerns and questions. " Audi Australia is working as quickly as we can, together with our head office, to analyse the potential effect on Australian vehicles and inform the government of our investigations to date", she said .

Business

Killed, 3 Injured in Lake Austin Boating Accident

The Austin Fire Department was able to rescue everyone from the boat, but two suffered from cardiac arrest. One person was pronounced dead at the scene, and another died after arriving at the hospital. Three other patients were taken to UMC Brackenridge with non-life threatening injuries. Shawn Hurwitz also was deeply committed to the Knowledge Is Power Program, or KIPP, where he served as chairman emeritus of the board for KIPP's eight schools in Houston.

Business

Cheating software 'not corporate decision': Volkswagen

Volkswagen has admitted that as many as 11 million diesel vehicles worldwide may have been fitted with software that allowed the cars to run much cleaner in tests than they did on the road. Joe Barton during a Congressional committee on the scandal . According to an advance copy of Horn's prepared remarks, VW plans to withdraw applications seeking US emissions certifications for its 2016 model Jettas, Golfs, Passats and Beetles with diesel engines.

Business

Turkey says jets again harassed at border with Syria

The move comes just days after Turkey complained that Russian fighter jets , recently deployed in Syria to support the government of Bashar al-Assad , repeatedly violated its airspace . "For Turkey, it thinks that the Russian Federation is one of the responsible countries of having this Syrian tragedy that deep". Regardless, at last week's North Atlantic Treaty Organisation conference, Secretary General Jens Stoltenberg reaffirmed his commitment to his partner ...


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