THE NEWS WRAP: Eurozone leaders agree on a new bailout deal for debt-stricken Greece
Thursday, July 21, 2011/
Leaders of the Eurozone countries have agreed a new bailout deal for debt-stricken Greece worth 109 billion euros, or $155 billion.
The deal includes loans from private lenders, giving Greece more favourable repayment terms. The deal is also good for Ireland, with the country’s interest repayments cut by 2%. Shares across Europe rose on the news.
Microsoft in 30% earnings hike
Microsoft has reported a 30% jump in fourth-quarter earnings, with increased sales spearheaded by the company’s entertainment and online offerings.
Earnings rose to $5.87 billion from $4.52 billion last year, pushing Microsoft’s shares up by 2%. The software giant has seen strong demand for its Windows 7 platform, as well as its latest Office offering and its Kinect gaming device.
Google conjures up Harry Potter deal
Author JK Rowling has partnered with Google to provide the Harry Potter series of books online.
Rowling snubbed potential deals with Apple and PayPal in order to launch the new Pottermore website with Google. The seven Harry Potter books will be made available via Google’s eBooks reader.
The Dow Jones Industrial Average rose 152.50 points to 12,724.41. The Australian dollar was up marginally to 107.38 US cents.
Social media mishaps: Why businesses should think twice before cracking jokes online Catriona Pollard CP Communications founder
An ‘opportunity-hunting’ generation: Here's what millennial workers need and want Karen Gately Corporate Dojo founder
Spilling the beans: Why inviting someone to 'grab a coffee' is disingenuous and unnecessary Sue Parker DARE Group founder
The 10 most unemployable job titles on LinkedIn Ian Whitworth Scene Change co-founder
How Emily McWaters manages her Sydney-based business from Kangaroo Island Emily McWaters The Hamper Emporium chief
Why 'Orwellian' performance monitoring is crucial to building an ethical company culture Michael Kodari Kodari Securities chief