Your morning Briefing
Welcome to your morning roundup of what’s making news and the must-reads for today.
Good morning readers. Here is your two-minute digest of what’s making news today.
Gloves off in Bennelong
Kristina Keneally was fending off new claims of overzealous campaigning as her rival John Alexander denied he had failed to declare to parliament income from a $4.8 million luxury holiday rental property in the NSW southern highlands. A day after it was revealed parents at a primary school in Bennelong had complained to police about being “accosted” by Labor volunteers brandishing pamphlets, Ms Keneally’s campaign team was accused of imposing on residents of an aged-care home to hand out campaign material. Ms Keneally brushed off suggestions dementia patients had been approached, saying that she had merely met residents of the facility.
-
Murdoch’s Disney mega-deal
News Corp executive chairman Rupert Murdoch has struck the biggest deal of his career in a $68.3 billion agreement to sell film and television assets from his 21st Century Fox company to Disney. Walt Disney Co has said it would buy select assets from 21st Century Fox for $US52.4bn in stock. Disney’s acquisition includes the company’s Twentieth Century Fox film and television studio and its international cable TV businesses. In the deal, Disney will also assume about $US13.7bn of 21st Century Fox’s debt.
“We are extremely proud of all that we have built at 21st Century Fox, and I firmly believe that this combination with Disney will unlock even more value for shareholders ...”
Rupert Murdoch
-
CBA’s terror ‘breach’
The Commonwealth Bank has allegedly continued to breach anti-money-laundering laws, as fresh claims emerged yesterday that it had allowed more than $6000 to be withdrawn from an account it had suspected for months belonged to a convicted terrorist. The bank allegedly allowed the cash to be drained from the account — after CBA was hit with a lawsuit alleging more than 53,000 breaches of anti-money-laundering legislation — despite having placed a stop on the account after several attempts to transfer money to Lebanon.
-
Packer’s pad in the sky
The James Packer-backed Crown Resorts has revealed more than $700 million in planned asset sales, including the divestment of its Las Vegas interest, as it continues to focus on reducing debt. The company informed market late yesterday that it had entered several transactions, including the $US300m ($390m) sale of its Las Vegas land. Alon Las Vegas Resorts, which is a majority owned subsidiary of Crown, will sell its interest in a 14-hectare vacant site on Las Vegas Boulevard to a subsidiary of Wynn Resorts. Nick Tabakoff, meantime, takes a peek into Packer’s $60m pad in the sky — a two-storey penthouse in his own $2.4 billion Crown Sydney casino development, in a move that will mark his permanent return to his home country in three years.
-
WACA bounces back but so do Poms
England have counterpunched hard after the Australian pace attack broke their bats and helmets but not their resolve on a fast day-one pitch in the third Test at the WACA Ground. At last the English batting clicked as Dawid Malan posted his maiden Test ton and his side’s first of the series, guiding them to 4-305 at stumps after an engrossing opening day. Malan (110) and Jonny Bairstow (75) have added 174 to rescue England from a precarious 4-131 after they won the toss and batted.
-
Kudelka’s view