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NewsMail Afternoon Edition
Mon 05 May, 2014

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Packer, Gyngell 'still friends' after fistfight outside Bondi home

Billionaire gambling boss James Packer and Channel Nine boss David Gyngell have issued a statement after they got into a punch-up yesterday.

Photographs of the pair brawling outside Mr Packer's Bondi apartment in Sydney's east are in circulation and locals have described seeing the men "fighting like dogs".

The men have issued a statement saying they have been friends for 35 years and still are, adding that "in that time we have had our fair share of ups and downs".

A media pack has now gathered outside Mr Packer's apartment.

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The Drum

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Don't take these dystopian budget ideas seriously

The business lobby's dystopian Commission of Audit was never meant to be taken seriously.

It was only ever set up to produce a recipe for the kind of scorched earth feudalism which would make Tony Abbott and Joe Hockey look like moderates in comparison.

If it was so easy to abolish Medicare, restrict education to the wealthy, reduce the impoverished to serfdom and introduce not just one but six new taxes (one for each state), John Howard would have done it years ago.

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Just In

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Acting CMC chief says no-one in Qld Government raised a term extension

Crime and Misconduct Commission (CMC) acting chairman Ken Levy says he was unaware his term could be extended until legislation with a special clause was introduced into Queensland Parliament.

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World

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PNG Governor slams asylum seeker policy

The Governor of PNG's capital, Port Moresby, has voiced his criticisms of the Manus Island detention centre in an open letter published in local newspapers.

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Business

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ACCC takes Coles to court over its treatment of suppliers

The Australian Competition and Consumer Commission is taking Coles to court over its treatment of suppliers.

The ACCC has instituted proceedings in the Federal Court against Coles alleging that it engaged in unconscionable conduct in its dealings with 200 of its smaller grocery suppliers, under what the supermarket called the Active Retail Collaboration (ARC) program.

It is alleged that Coles targeted $16 million in rebates from smaller suppliers, and was seeking ongoing rebates based on a percentage of the price it paid for the grocery products.

Coles says it will vigorously defend the allegations that it acted unconscionably, and adds that it is committed to "negotiating fairly and working collaboratively with its suppliers."

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Politics

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Home insulation royal commission: Bureaucrats 'prepared to accept serious injuries'

A former adviser to the Commonwealth's home insulation program (HIP) has told an inquiry there was a "party line" within the bureaucracy not to focus on safety.

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Sport

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Goodes says McGuire friendship is over

Dual Brownlow medallist Adam Goodes says Eddie McGuire's racial gaffe last year ended their friendship.

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Science and Technology

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Samsung ordered to pay Apple $129m over patents

A US jury has ordered electronics company Samsung to pay $129 million to Apple, in what experts see as a big loss for the iPhone maker in the latest round of their globe-spanning mobile patent litigation.

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Environment

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Nyrstar smelter transformation getting SA Government guarantee

An agreement on a $385 million transformation of the Port Pirie lead smelter looks to be almost finalised, with operator Nyrstar confirming the South Australian Government will underwrite the project.

The current smelter is to be turned into a multi-metal recycling facility and a big environment improvement is expected for the regional city.

Belgian owner Nyrstar now has confirmed the redevelopment will go ahead once the funding package with Premier Jay Weatherill is finalised.

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