Australian swimwear and surfing goods maker Billabong rejected a $766 million takeover proposal from TPG Capital and countered by announcing the sale of part of its youth brand Nixon, among other moves to cut debt and boost its performance. 

The tracking of user activity via smartphones isn't too uncommon these days. Now, an Australian shopping center will obtain fit receivers that track shopper's locations within two meters by identifying unique mobile phone radio frequency codes.

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