BUSINESS

Marriott International has planned to open a 128-room hotel in Hobart in 2018.

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.

Chinese futures in terms of iron ore prices sustained a downfall on Friday. This comes on the heels of Australia’s central bank’s expectation that prices of commodities will go down again.

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.

The Aussie dollar soared against the US currency on Friday, climbing past 77 US cents. The Australian dollar reached 77.14 US cents.

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.

Kitchen Republik has been fined $107,551 for underpaying a foreign employee over a period of nine months from 2014 to 2015.

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.

According to newly revealed documents, environmental health is not important to the governing body as it cut programs and sold Ecofund for less than what it costs. Ecofund was a state-owned carbon and environmental offsetting and advisory company.

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

Iron ore prices have witnessed a deviation from market expectations as the demand and prices of Chinese steel see new highs. Following three days of losses, iron ore spot markets returned to stable conditions on Friday.

Anna Bligh, former Labor MP, was appointed on Friday as the first female chief executive of Australian Banker's Association (ABA).

The Reserve Bank of Australia released the newly designed $10 banknote on Friday featuring the famous Australian writers Andrew Barton "Banjo" Paterson and Dame Mary Gilmore.

FTSE 100, Britain’s top stock index, stands around 20 percent higher since the UK departed from the European Union. This set the highest recorded level for January. Meanwhile, US stock markets also enjoyed record-breaking high levels. Dow Jones and S&P 500 both went up more than 20 percent as compared to a year earlier.

Medibank health insurance has blamed IT glitches for its 102 debit problems in the last quarter of 2016.

Adelaide's Finest Supermarkets (AFS) has confirmed that it would not use self-serve checkouts in its stores.

The United States is currently in its “bunny phase,” a recognised economist has said. The reference came during the Fargo Moorhead West Fargo Chamber of Commerce’s annual Economic Outlook Forum. The event was attended by 600 people.

Blackberry's overall smartphone OS market share in Q4 2016 was 0.0481 percent.

There’s a lot riding on Tesla Model 3 as far as the future of the electric vehicle maker is concerned. Whatever happens inside the automaker’s Fremont, California, factory in 2017 will decide whether the company will zoom towards a more sustainable future or slip into eternal doom.

The National Australia Bank (NAB) has released a survey in January showing that the country's economy was stronger compared to last year's Q3 report.

CSL chief executive Paul Perreault has revealed that China has a strong demand of the company's albumin products.