Business

Murdoch's defiance turns to pragmatism

Rupert Murdoch (centre) with his sons Lachlan (left) and James (right).

Rupert Murdoch prizes loyalty and profits, both of which Bill O'Reilly brought him in droves, but Murdoch has also proved he is a pragmatist at his core.

Threat of competition smashes Telstra

Telstra fell as much as 8.5 per cent in early trade.

Telstra shares fell to their lowest level in five years on Wednesday, losing 7.5 per cent of their value on news that broadband provider TPG would build Australia's fourth mobile network.

Facebook takes new steps to stop 'revenge porn'

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Facebook is taking new steps to crack down on its network's "revenge porn" problem, including a new process that prevents users from reposting intimate images shared without the subject's consent.

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