BUSINESSMEN – UNITED STATES

Musk’s lawyers to fight orders on two fronts

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Original article by Nick Bonyhady, Tess Bennett, Tom McIlroy
The Australian Financial Review – Page: 4 : 24-Apr-24

Social media giant X could incur a fine of up to $782,500 for each day it does not comply with a directive to remove video footage of the Sydney church stabbing from its platform. However, X owner Elon Musk contends that the ‘take-down’ order goes too far, given that it applies globally. The US billionaire has expressed concern about one country being allowed to censor content for all countries. Musk’s lawyers have indicated that they could challenge the take-down order in the Administrative Appeals Tribunal. Prime Minister Anthony Albanese has described Musk as an egotist and accused him of being "out of touch with common decency". Meanwhile, the Coalition has proposed barring young children from using social media to protect them from harmful content.

CORPORATES
X CORPORATION, AUSTRALIA. ADMINISTRATIVE APPEALS TRIBUNAL, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Trump’s bid for Sydney casino killed off by his ‘mob connections’

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Original article by Tessa Akerman, Michael McKenna, Troy Bramston, Emily Ritchie
The Australian – Page: 1 & 6 : 16-Aug-17

A consortium comprising Donald Trump and Kern Corporation submitted one of four bids to develop Sydney’s first casino in the 1980s. Cabinet minutes from May 1987 show that the New South Wales Police Board had recommended that the Trump consortium’s bid should be rejected. Amongst other things, the confidential report expressed concern about Trump’s alleged links to the mafia. A separate report by the Canadian Imperial Bank of Commerce Australia questioned whether the Trump bid was financially viable. Two of the other bidding consortiums also failed the police probity checks.

CORPORATES
KERN CORPORATION LIMITED, NEW SOUTH WALES POLICE BOARD, CANADA IMPERIAL BANK OF COMMERCE, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIAN FEDERAL HOTELS, SABEMO (NSW) PTY LTD, GENTING BERHAD, CIVIL AND CIVIC PTY LTD

Good news for Rupert Murdoch’s empire

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Original article by John Kehoe
The Australian Financial Review – Page: 17 : 18-Nov-16

Rupert Murdoch’s News Corporation and 21st Century Fox will benefit from plans by president-elect Donald Trump to reduce the US corporate tax rate from 35 per cent to 15 per cent. Trump’s vow to block the proposed merger of telco AT&T and media giant Time Warner will also be welcomed by Murdoch, who made an aborted takeover bid for the latter in 2014. Likewise, Trump’s election win has ensured that he will not establish a TV network that would target a similar audience to Murdoch’s Fox News.

CORPORATES
NEWS CORPORATION – ASX NWS, 21ST CENTURY FOX INCORPORATED, AT&T CORPORATION, TIME WARNER INCORPORATED, FOX NEWS, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, REPUBLICAN PARTY (UNITED STATES), DEMOCRATIC PARTY (UNITED STATES)

Time Warner is Murdoch’s lost chance

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Original article by Neil Chenoweth
The Australian Financial Review – Page: 10 : 25-Oct-16

Rupert Murdoch’s 21st Century Fox had the opportunity to acquire Time Warner in 2014 and create a media giant worth $US160bn. Time Warner rejected the $US80bn bid and sought a higher offer, but this would have required 21st Century Fox CEO Chase Carey to remain at the helm at a time when Murdoch was preparing his sons to succeed him. James and Lachlan Murdoch were subsequently appointed CEO and co-executive chairman respectively. The proposed $US85bn ($A112bn) acquisition of Time Warner by AT&T may prompt other mega mergers, but the Murdochs may not be able to pursue such deals without relinquishing control of their media empire.

CORPORATES
21ST CENTURY FOX INCORPORATED, TIME WARNER INCORPORATED, AT&T CORPORATION, FOX NEWS, SKY PLC, NEWS CORPORATION – ASX NWS, SKY ITALIA SPA, SKY DEUTSCHLAND AG

Hall says yes; next comes the pre-nup

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Original article by Neil Chenoweth
The Australian Financial Review – Page: 1 & 2 : 13-Jan-16

Media mogul Rupert Murdoch will marry for the fourth time after using the classifieds section of "The Times" to announce his engagement to Jerry Hall. The former model was married to Sir Mick Jagger until 1999, while Murdoch’s most recent marriage to Wendi Deng ended with a divorce settlement that is believed to have been worth about $US100m in 2013. Murdoch’s impending marriage is unlikely to have any impact on succession planning at News Corporation and 21st Century Fox.

CORPORATES
NEWS CORPORATION – ASX NWS, 21ST CENTURY FOX INCORPORATED

Woz – who started Apple – becomes an Aussie and looks to Tassie

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Original article by Paul Smith
The Australian Financial Review – Page: 1 & 8 : 19-Dec-14

US businessman Steve Wozniak plans to eventually relocate to Australia when he retires, after being granted permanent residency. The co-founder of Apple intends to buy a home in Sydney but says he ultimately hopes to live in Tasmania when he retires. Meanwhile, Wozniak has praised Apple CEO Tim Cook for developing an iPhone with a larger screen rather than remaining focused on the design preferences of Steve Jobs. Wozniak is upbeat about internet-connected cars, but describes Google Glass as an "admirable failure" which lacks sufficient reason to use it given the high cost of the device

CORPORATES
APPLE INCORPORATED, GOOGLE INCORPORATED, UNIVERSITY OF TECHNOLOGY, SYDNEY, SONY CORPORATION, SAMSUNG CORPORATION, LG CORPORATION, PEBBLE, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA