COMPANIES

Iron ore spot markets saw a steep decline on Friday. By the evening, however, they had swung around. As a result, there are speculations that suggest the fall may unwind on Monday.

Mining giant Rio Tinto slashed its workforce by as many as 4,000 workers globally in 2016. The Australian operations were the most affected as part of the move.

Tesla founder Elon Musk has replied to the 10-year-old schoolgirl's letter through a tweet sent by her father.

Mining giant BHP Billiton has called for an “urgent” need to address a change in the power supply. As part of this, the company said large power generators should be “incentivised” to provide adequate baseload electricity in a short term.

Iron ore spot markets bounced back on Thursday. However, it is expected that the upward trend may start falling on Friday, as Dalian futures suffered a heavy slide overnight.

TK Maxx has confirmed its arrival to the Australian market in April 2017 by converting all 35 existing Trade Secret stores into TK Maxx shops.

Apple stock jumped by more than 2 percent during trading hours on Wednesday. With this, and following price target increases and Warren Buffet’s investment, the tech giant reached a high of US$139.99 (AU$182.6).

Iron ore futures returned to a steady trend as markets did next to nothing. This comes amid reports that Chinese regulators were looking to probe into speculative or "non-conforming" trading activity in the nation’s commodity futures market.

Optus Business and Pure Storage announced the launching of All-Flash storage platform on Tuesday.

Mining company Rio Tinto announced it will employ as many as 300 indigenous people on its Amrun bauxite project in Far North Queensland. During the course of the project, the company hopes to achieve the indigenous employment target of 20 percent.

Etsy has posted a loss of US$21.4 million (AU$27.9 million) in its fourth quarter. The crafts supplier said it sustained a loss of 19 US cents on a per-share basis. Earnings, when adjusted for non-recurring costs, stood at 3 US cents per share.

Apple received two price-target increases on Tuesday. This comes as the release of the much awaited iPhone 8 draws near.

NBN announced on Tuesday that its Fibre-to-the-Curb (FTTC) technology would roll out to 700,000 homes in the suburbs of Melbourne and Sydney.

If latest reports are to be believed, Tesla Model 3 will be further delayed. Goldman Sachs analyst David Tamberrino downgraded Tesla to “sell” from “neutral,” this led to panic as shares dropped on Monday after the downgrade.

Telstra and Ericsson have teamed up for Australia's LTE-Broadcast (LTE-B) to further enhance the mobile video customer experience.

Iron Ore Company of Canada (IOC), majority-owned by Rio Tinto, will be working on the Wabush 3 project. The company announced its plans after securing a C$79 million (AU$78.04 million) investment approval.

Apple Inc.’s shares enjoyed a 52-week high, as the stock upped by about 1.3 percent last Thursday to close the week at US$136.66. For the year to date, Apple stock has increased by about 18 percent. With this achievement, it maintains its position as the Dow Jones Industrial Average's best performing stock this year.

The Australian Council of Social Service (ACOSS) has created a budget proposal that would require all high earners to pay a Medicare levy surcharge.

While Etsy introduced new and better seller tools on Valentines Day, some of the rolled out changes are being met with difficulty and criticism.

Tesla CEO Elon Musk has revealed an aggressive production plan for its Model 3 sedan so that the electric vehicles hit the market by year end. In order to support the rollout, Tesla may need to raise more cash. Musk has stated that Tesla Model 3 production is very much on track and that the company is looking to ramp up production to 5,000 vehicles a week in the fourth quarter.

Telstra has collaborated with Commonwealth Bank of Australia (CBA) and Message Xchange to perform an Australia's first end-to-end electronic invoicing experiment.

Optus has launched the 4.5G network in preparation for its 5G technology.

Qantas revealed on Thursday that Boeing 787-9 Dreamliners will use a new Premium Economy seat. The next generation seat is expected to debut in October.

Yahoo and Verizon finally agreed to close their pending deal but the acquisition price has been discounted by US$350 million (AU$455 million).

Coca-cola Amatil announced on Wednesday that it would close its Thebarton facility in South Australia.

Commonwealth Bank of Australia (CBA) promised to rectify superannuation concerns after the Finance Sector Union of Australia (FSU) claimed that more than 7,000 part-time staff did not receive their full superannuation entitlements. 

Tesla is about to report its earnings on Wednesday but investors and analysts are not bothered about the figures. Contrarily, they are more interested in answers from Tesla chief Elon Musk regarding his mass-market electric vehicles, Tesla Model 3.

Unilever rejected Kraft Heinz's US$143 billion (AU$1.86 billion) offer, saying that it saw not financial or strategic merit in its company.

Nielsen Omnibus has released a research showing Aussie customers were excited for the arrival of Amazon in their country.