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10 things you need to know this morning in Australia

Wednesday 22 February 2017

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We are almost certainly not alone. The mistake a $US130 billion fund manager will never make again. The most nepotistic pres
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10 things you need to know this morning in Australia

We are almost certainly not alone. The mistake a $US130 billion fund manager will never make again. The most nepotistic president ever isn't Trump. And Bill Gates' favourite chart.
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Qantas profits have fallen by 25%

Qantas posted a 25% slide in after tax profit to $515 million for the half year to December, reflecting a softer domestic market and competition on international routes.
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Stocks just did something they haven't done since 1987

On Wednesday, the Dow closed up by 0.2% at 20,775.60 -- marking the ninth consecutive all-time high.
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Tesla's Model 3 and new solar roof are on track to arrive this year

Tesla will begin delivery of its Model 3 in the second half of this year, the company said in an investor letter on Wednesday.
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SodaStream is issuing a massive recall

SodaStream is recalling about 58,600 plastic bottles in the US and Canada because they might explode under pressure. 
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MYOB is buying Paycorp Payment Solutions for $48 million

The acquisition will be funded with existing cash and is expected to close in April, MYOB said in a statement.

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