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JB Hi-Fi cops earful from ASX over buried profit downgrade
Article 2018-05-07 10:41 pm By Christine Caulfield Melbourne

JB Hi-Fi has been grilled by the Australian Stock Exchange after slipping news of an earnings downgrade into a presentation at an investment conference.

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Moccona maker pours cold water on Nestle coffee machine patent
Consumer Goods 2018-05-07 9:42 pm By Miklos Bolza Sydney

The company behind Moccona instant coffee has succeeded in its opposition to a patent by rival Nestle’s research and development arm, Nestec, for an automated coffee preparation machine.

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Judge signs off on QBE’s $133M class action settlement
Allens 2018-05-07 9:19 pm By Miklos Bolza Sydney

A Federal Court judge has given the all-clear to a $132.5 million offer by QBE to settle a class action by shareholders angry about a $5 billion stock market wipeout for the insurance provider.

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Chinese mining magnate heads to mediation in $1M wage case
Employment 2018-05-07 7:13 pm By Miklos Bolza Sydney

Young Chinese mining magnate Sha ‘Sally’ Zou has been ordered into mediation to try to resolve a Fair Work spat with the former general manager of her AusGold Mining Group, who claims Zou owes him over $1 million in wages.

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Acai berry co. sues Aussie duo for Amazon myth-making
Article 2018-05-07 4:27 pm By Christine Caulfield Melbourne

California-based acai berry company Sambazon Inc. is suing its former Australian distributors, alleging they have falsely co-opted Sambazon’s narrative as pioneers venturing into the heart of the Amazon to source their superfood.

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Former VW chief charged over diesel emissions scandal
Article 2018-05-04 11:53 pm By Christine Caulfield Melbourne

A former Volkswagen CEO Martin Winterkorn has been charged in the US with conspiracy and fraud over the car maker’s long-running scam to cheat emissions tests, two months after VW faced trial in Australia over dieselgate.

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Briefly: REA Group wins challenge to realestateasia.com.au TM
Article 2018-05-04 11:23 pm By Christine Caulfield Melbourne

Online property portal REA Group has successfully opposed registration of a trademark for the domain name realestateasia.com.au, with the Trade Marks Office saying the challenged mark was adopted to exploit the commercial success of the popular real estate site. 

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Kraft can’t sidestep Australian court’s arbitration stay ruling
Addisons 2018-05-04 11:19 pm By Cat Fredenburgh Melbourne

A Federal Court judge has shot down Kraft’s suggestion that his order blocking it from acting further in a US arbitration between it and Bega over peanut butter trade dress rights should only pertain to its claims and not Bega’s cross-claim. 

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Branhaven not ready to give up in bovine gene patent battle
Agriculture 2018-05-04 10:37 pm By Cat Fredenburgh Melbourne

Branhaven will seek court approval to amend the bovine gene patent held by it and Cargill, after the Federal Court sided with a challenge by Meat & Livestock Australia and found the patent was invalid.

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ACCC calls for $20M fine against property spruiker We Buy Houses
Competition & Consumer Protection 2018-05-04 10:05 pm By Miklos Bolza Sydney

The Australian Competition and Consumer Commission has asked the Federal Court to hit  We Buy Houses and its owner Richard ‘Rick’ Otton with $20 million in penalties for duping aspiring property investors with claims that they would learn how to buy a home for $1.

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