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Billabong International Ltd has announced a swathe of job cuts, store closures and the sale of part of a key asset after posting a large fall in profit in the first half.

Shares in the surfwear retailer and manufacturer surged on coming out of a trading halt, lifting over 60 per cent immediately after reinstatement.

At 1330 AEDT, Billabong shares were trading   …  More

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Got an extra $1.34 billion dollars in your checking account? Already have your own 400-foot carbon fiber sailboat and put a down payment on your moon-base condo? Why not buy a certain Italian motorcycle manufacturer? According to the Financial Times, the 86-year-old company is for sale, just six years after its purchase by private equity group Investindustrial.

Investindustrial’s Chairman Andrea Bonomi told the Times “Ducati is now a perfect company but the further growth it requires needs the support of a world-class industrial partner…this year, we will   …  More

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Sheyla Hershey, whose 38KKK breasts hold the Guinness world record for implants, crashed her Mustang while allegedly driving drunk to her Houston home on Super Bowl Sunday. She was not wearing a seatbelt, and claims those giant breasts saved her life.

According to Hershey, she thanked her breasts for taking the brunt of her crash into a tree   …  Pictures and more

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