Crocs CEO leaving ahead of investment

THE company that makes Crocs shoes is getting a $US200 million ($A226.3 million) bailout from a private equity fund, and its CEO is retiring. Crocs shares peaked in 2007 as buyers snapped up the clogs known for being comfortable but ugly. But...

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Sydney NYE to be 'absolutely spectacular'

SYDNEYSIDERS are in for "absolutely spectacular" fireworks this New Year's Eve as the harbour city gears up to ring in 2014. Tuesday night's fireworks will include 11,000 aerial shells and 25,000 shooting comets that will explode from seven...

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Shots fired at German ambassador's home

GERMAN Foreign Minister Frank-Walter Steinmeier has condemned an attack on the residence of the German ambassador in Athens, saying the act would not affect German-Greek relations. "This is an act that we are taking very seriously. Nothing,...

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