Business, Politics & Money
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Aussie companies Foxtel and Channel Seven are fighting Netflix

By: Chris Smith | More News: Business, Politics & Money | Posted: Dec 8, 2014 3:55 am

Foxtel and Channel Seven (Seven West Media) are teaming up to support a Netflix-competitor option, Presto. We've recently broken the news that Netflix is looking to launch down under early in 2015, set to provide competitively-priced online streaming of popular movies and TV shows - this news comes to light as local offerings show a desperate need to 'keep up with the times', continue generating profit and maintain their market share.




In response to Netflix's coming, popular Australian cable company Foxtel have teamed up with 'Free TV' Channel Seven to provide their content on top of the library already offered by Presto. There haven't been any TV shows officially announced for this new service yet, however according to their release they will provide a "broad range of locally commissioned and internationally acquired content including drama, comedy, factual and entertainment programming."

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EU and US authorities crack down upon and seize 292 domain names

By: Chris Smith | More News: Business, Politics & Money | Posted: Dec 2, 2014 3:53 am

In an effort to diminish counterfeit product sales, United States and European authorities have conducted a large-scale seizure of domain names just in time for the Christmas period.




Codenamed "Project In Our Sites Transatlantic V", this operation saw 292 domain names seized in total by police across several countries within Europe and including the United States. Based mainly around websites selling counterfeit luxury goods, sportswear, electronics, pharmaceuticals and pirated movies and music, this information has come about by a direct statement thanks to Europol.

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Ferguson Grand Jury reaches decision

By: Paul Alcorn | More News: Business, Politics & Money | Posted: Nov 24, 2014 8:06 pm

The grand jury empaneled to decide whether to indict police officer Darren Wilson in the shooting death of Michael Brown has reached a decision, which will be released later today. Local, state, and federal law enforcement have been bracing for a spate of renewed protests and violent actions in the wake of the pending announcement. Ferguson law enforcement has been asked by community groups to warn them 48 hours prior to the release of the decision so they could brace for public reaction. Many have also decried that as merely a plan for protesters to get organized and prepared for mass violent protests.




Ferguson officials are apparently not providing the aforementioned warning, and plan to announce the verdict this afternoon. Businesses have been boarding up storefronts over the weekend in anticipation of the ruling, which is due any hour now. Even if there is a decision to indict Darren Wilson it may not be enough to assuage protesters.

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Scotland says 'no', rejects independence bid

By: Ben Gourlay | More News: Business, Politics & Money | Posted: Sep 19, 2014 4:54 am

For the last few weeks, the United Kingdom has been hotly debating whether Scotland will vote to cede from the United Kingdom, with the world watching and huge ramifications for the worldwide economy. Today, as votes continue to be counted, it's become clear that the expected knife edge results have come down in favour of the status quo - Scotland has rejected the proposal.




Many of the UK's celebrities have weighed in on the debate, with Scotland's most famous son; Sean Connery leading the charge for the 'yes' camp, alongside Alan Cumming, whilst Helena Bonham Carter, Steve Coogan, Simon Cowell, Dame Judi Dench, Michael Douglas, Richard Dawkins, David Gilmour, Stephen Hawking, Mick Jagger, Eddie Izzard, Paul McCartney, Andrew Lloyd Webber, Susan Boyle, Sting,Gerard Butler, JK Rowling and even Captain Picard himself - Patrick Stewart firmly in the 'no' camp.




The once in a generation campaign for an independent Scotland, led by former BBC Scotland head Blair Jenkins has been years in the making.

Chevrolet Corvette Valet Mode records the people parking your car

By: Shane McGlaun | More News: Business, Politics & Money | Posted: Aug 19, 2014 11:02 am

Anyone who has ever handed the keys to their car over to a valet at an event or restaurant has felt the fear at wondering what the valet will do to your car while you are gone. People with nice cars like the new Corvette Stingray may feel a bit more fear than others. Valets are known to be rather hard on some cars.




GM has announced that the 2015 Corvette fitted with the Performance Data Recorder option will have a slick Valet mode that will record the antics of the Valet while you are inside eating. GM says that the system is rather like a baby monitor for your car.


In addition to turning on the recorder, the valet mode will also lock the storage bin behind the center stack display, lock the glove box, and disable the radio and infotainment system. The Data recorder in the car records video for the front of the car overlaid with speed, engine RPM, gear, and g-force.

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Reports Julian Assange preparing to leave Ecuadorian embassy

By: Ben Gourlay | More News: Business, Politics & Money | Posted: Aug 18, 2014 9:01 am

In the last hour, reporters from the UK are sending word that Wikileaks founder Julian Assange may be preparing to leave the Ecuadorian embassy, where he has been holed up for the last two years under the protection of the country.




If Assange leaves the safe house, he will be immediately arrested by London police and likely extradited to Sweden to answer allegations of sexual assault. Assange fears that he may be further extradited to the United States with a long outstanding warrant issued regarding his Wikileaks activities.


Assange is said to be suffering worsening health, which has formed his decision to leave the embassy.



More as it breaks.

1962 Ferrari 250 GTO sets auction record selling for $38 million

By: Shane McGlaun | More News: Business, Politics & Money | Posted: Aug 15, 2014 12:04 pm

An auction was held this week for high-end cars and at the auction was one very special vehicle, a Ferrari 250 GTO. The car sold at the auction at a price that has set a record for the most money ever paid for an automobile at auction, the Ferrari was purchased for $38,115,000.




That sales price bested the previous highest price of $29,650,000 significantly. That second most expensive car ever sold was a 1954 Mercedes-Benz W196 Formula One car. The Ferrari did fall a bit shy of setting a record for the most expensive car ever sold. That distinction goes to a 1963 Ferrari 250 GTO that sold for $52 million in a private sale.


The Ferrari 250 GTO is considered the Holy Grail in the collector car world with only 39 having been produced and some having impressive racing pedigrees. The GTO was both a racing car and a road car when it was built. This car was the 19th 250 GTO to be built and finished second overall in the 1962 Tour de France car race.

Land Rover recalls 46,515 SUVs in North America due to airbag defect

By: Shane McGlaun | More News: Business, Politics & Money | Posted: Aug 14, 2014 11:00 am

Land Rover is the latest automaker to be forced to issue major recalls on its vehicles for airbag issues. The company has recalled 46,515 Land Rover SUVs in the US and Canada due to risk that the airbag may not deploy in an accident due to a component failure. Land Rover says that no reports of accidents or injuries have been made.




There is no indication at this time if the airbag issue will force recalls in other areas where the vehicles are sold. Vehicles covered in the recall include 2010 to 2015 LR2 compact SUVs and 2012 and 2013 Evoque SUVs. The issue in these vehicles is that the occupant classification system electronic control unit could fail.


If that failed, the passenger airbag would be partially or completely disabled. When owners take their vehicles to dealerships, the software for that control module will be replaced at no cost beginning August 30.

Hyundai offers $54.3 million settlement in fuel economy rating case

By: Shane McGlaun | More News: Business, Politics & Money | Posted: Aug 12, 2014 12:03 pm

Hyundai has been in some legal trouble over inflated claims of fuel efficiency for its Santa Fe SUV. The automaker has offered a large settlement and an apology for inflating the fuel economy numbers in an attempt to settle a suit against it. The same suit targeted five other carmakers as well.




Hyundai has offered in the settlement a total of $54.3 million, which would give each customer who purchased a diesel-powered Santa Fe SUV $388.12 for extra fuel costs and inconvenience of dealing with the issue. The money will only be paid out to owners who purchased in South Korea since May 2012.


Hyundai says that it will revise the fuel efficiency of the diesel Santa Fe to 32.5 mpg, or 13.8 kilometers per liter from the original 14.4 kilometers per liter. Hyundai will have to adjust the fuel efficiency on about 140,000 units, over 1700 owners filed suit against Hyundai over fuel efficiency.

Lexus is planning a LFA supercar follow up

By: Shane McGlaun | More News: Business, Politics & Money | Posted: Aug 8, 2014 1:04 pm

Lexus is a car company that many will think of as making luxury cars that are more for comfort than speed and performance. That is true for the most part, but Lexus did make a supercar called the LFA during a two-year production run. That production run ended in 2012 after Lexus built 500 examples of the vehicle.




The LFA was a sports car using high tech construction methods and powered by a 552-hp engine. The production run for the LFA has been over for a few years, but Lexus has announced that it intends to build a successor to the supercar. Sadly, Lexus has offered no insight into exactly what the successor to the LFA will be like.


Originally, the LFA was supposed to be a car selling in the $120,000 range, but that price quickly grew as more technology was added. The car eventually ended up costing $375,000 per unit. It wasn't the fastest supercar in that price range but it looks good and sounds fantastic.