COMPANIES

Village Roadshow has witnessed a significant decline in its attendance by Queenslanders in the wake of the Dreamworld tragedy where four people were killed. The decline has been more than 12 percent as compared to previous years.

Tesla Motors’ Autopilot tech has been cleared in a probe that went on for six months and it has come as a huge relief for Tesla fans and the company too. The six-month federal investigation, carried out because of a fatal crash involving the semi-autonomous Autopilot system in a Tesla vehicle, has also provided insights into how the automaker designed and developed it.

Pumpkin Patch will be closing its doors by mid-February after receivers were not able to attract a buyer. By the end of January, 68 stores of the childrenswear chain that employ 560 people will be shuttered.

Latest reports suggest that Tesla would be using its Nevada Gigafactory for building electric motors and gearboxes for its highly-anticipated electric vehicle Tesla Model 3. Nevada governor Brian Sandoval revealed that the lines will be installed at the Gigafactory, which will create 550 new jobs at the facility.

Airbus CEO Tom Enders has confirmed that its flying cars are currently in the experimental stage.

Donald Trump has warned German car companies including BMW, Daimler and Volkswagen that the US government would impose 35 percent tax to vehicles imported to the US market.

Tesla service centre woes are causing panic among Tesla Model 3 enthusiasts. The electric vehicle that is assumed to cost US$35,000 (AU$47,000) when released is undoubtedly the most-anticipated devices of the Elon Musk-led Tesla. However, even before the company has started delivering the vehicles, people are finding issues that Model 3 owners are most-likely to face when the vehicle arrives in the market.

Loy Yang employees would receive deep cuts to their take-home pay and superannuation after the approval of AGL's termination application on its current enterprise agreement.

Fewer Aussie CEOs has expected business conditions to improve in 2017 than in the previous year. However, they were cautious optimistic in the improvement according to AI Group's Business outlook survey.

The Australian motor industry is knee-deep in trouble, a fact more or less confirmed by the announcement that Toyota will not make its new Camry model in the country.

Fonterra is in the best position to declare the termination of its supply agreement with Bellamy.

Bellamy has confirmed that Laura McBain has stepped down as the company terminated her contract as its CEO.

Financial planners are in-demand now in Australia as a result of the growing number of remediation projects in the country.

Boston University scientists have revealed that they have developed a blood test that can predict lifespans. As weird as it may sound, the scientists believe it is a game-changing blood test though the test needs to be conducted on larger groups of people to confirm the results. This breakthrough will allow patients to identify health risks early on and subsequently modify behaviour to change outcome.

Crown Resorts has named James Packer to be its new director as the casino mogul comes back after resigning from the same position in 2015.

The anti-cancer drug Venetoclax has just received Australia approval. The drug was developed by a team of international and Australian scientists and now it has been reported that the drug can “melt away” certain advanced forms of chronic lymphocytic leukaemia (CLL).

Lululemon Athletica Inc. has reported a strong holiday season sales in its store and digital channels. The Canadian athletic apparel retailer has also sold its premium-priced activewear at mostly full-price as it approached the last week of Christmas.

Ardent Leisure reported a revenue loss of 63 percent at its Dreamworld and Whitewater World theme parks after they reopened in January. Four people were killed at Dreamworld in October.

EV maker Tesla has promised to bring the high-volume Model 3 to the market in 2017 but the company is constantly missing targets. The automaker hoped to deliver 80,000 or more cars in 2016 but could only deliver 76,230. It even failed to match its own record for deliveries set last quarter when it broke the 25,000 level.

If fresh reports are to be believed, Elon Musk’s company Tesla is going all out with its highly-anticipated EV Tesla Model 3. The deadline for the production parts of the Model 3 is just six months away and Musk does not want supply issues to hit the anticipated car.

Woolworths has developed a portal called Supplier Connect that gives suppliers access to the retailer's record of customer data.

A survey, conducted over three decades, has found that more and more Australians are supporting decriminalisation of marijuana. For the first time, more Aussies are supporting cannabis legalisation than those who still want it to be classified as an illicit drug.

Tesla is leading the way in surprising its fan base this holiday season. Let’s take Tesla Easter eggs for example. Reports suggest that Tesla Model X drivers can now enter a code to enable a special Christmas-themed surprise. Meanwhile, Tesla CEO Elon Musk has revealed grand plans for its supercharger network.

Tesla has revealed that the Model 3 is a simpler car to manufacture than most of its other cars. Hence, there are likely to be few first-release issues than what the manufacturers faced with the Model S and Model X.

Those who aren’t done Christmas sale shopping won’t have to wait for the Boxing Day sales to save big as great deals are still available.

Nokia and Apple are trading lawsuits over international patent dispute. A day after Apple filed lawsuits against other companies it accused of colluding with Nokia, the Finnish company filed lawsuits against the Cupertino-based tech giant on Wednesday, alleging that the iPhone-maker has infringed dozens of its patents.

Christmas shopping 2016 is in full swing at the moment, and this is the time for movie buffs to flaunt their new superhero-inspired clothes. A San Diego based online store – Film Jackets has seen a spike in their sales this month, thanks to the popularity of “Star Wars” and other franchise. In an exclusive interview with International Business Times, Australia – the Digital Marketing Executive of the firm, Chris Jackson, shared his insights about the market in this holiday season.

Germany may require Facebook a fine of €500,000 (AU$715,000) for not removing fake news and hate messages within 24 hours after the social media platform has been notified.

Woolworths buying director Steve Donohue has said that the 1c discount on its $45 plum pudding was a computer glitch.