Microsoft is cutting another 1,850 jobs connected to its mobile phone business.

Shell to cut 2200 jobs globally

Shell says it will trim at least 2200 jobs globally amid challenging times in the oil industry.

Penfolds rolls out the barrels

Penfolds is offering consumers some of its most exclusive and prestigious wine, by the barrel, for $198,000 each.

Telstra to contend legal action

Telecom giant Telstra will fight a court petition by some minority Autohome shareholders over the sell down of its stake in the cmpany.
Microsoft plays its part in helping provide internet access in the world's remote areas, although its contribution is smaller than other tech companies.
A slump in non-residential building and engineering work in the March quarter has nullified growth in apartment construction.
Australian Agricultural Company has lifted its full -year profit after almost doubling the amount of beef it sells.
Greece will get 10.3 billion euros of new cash, 7.5 billion of it in June, after the eurozone and the IMF came to a deal on debt relief terms.
Construction products supplier Adelaide Brighton expects similar or lower sales for cement and clinker in 2016, but higher sales of other products.

Female board members on the rise

Australia's largest companies must set diversity objectives and rethink their policies if gender parity is to be achieved, according to new research.
HP Enterprise is selling its services division to Computer Sciences Corp in a deal worth US8.5 billion, on the heels of a better-than-expected quarter.
The FDA has granted approval to MGC Pharmaceuticals to sell its cannabis-based cosmetics in the US.

David Jones boosts management team

David Jones is pushing ahead with its transformation plans, with the appointment of new executives and a newly created digital role.

Programmed shares rally on outlook

Programmed Maintenance Services is making good progress integrating Skilled Group, which it bought for $652 million in 2015.
$2 billion in writedowns and restructuring costs against Target and the Curragh coal mine looks likely to eat up a majority of Wesfarmers' 2016 profit.

Editor's Choice

Our pick of the best content from SBS News & Current Affairs and our content partners.

Actor Johnny Depp called Deputy Prime Minister Barnaby Joyce as 'inbred with a tomato' during an appearance on popular US talk show Jimmy Kimmel Live.
Sydney artist Michael Agzarian has resisted pressure to take down posters of Malcolm Turnbull, instead making them part of a campaign for political change.
Research like the Economic Social Impact Survey from The Salvos requires a human face in order to sell the story. But after the Duncan Storrar saga, who would...
Queensland maths teacher Paula Beare set out to prove the power of social media to her students through an experiment. But the response shocked even her.
Batemans Bay, on the New South Wales south coast, has been invaded by a plague of flying boxes that is causing headaches for locals.
Helen Kapalos was determined to stay true to her Greek roots when she began her career as a TV journalist. But getting to know her family history saw her reveal a...
While research has shown around a quarter of Australians are uncomfortable talking about money, Insight discovers some types of wealth are more difficult to...