Online efforts appear top flight

For the Perth couple who won $30 million in Powerball Lotto over the weekend, the champagne will be flowing on Australia Day celebrations for many years to come.

It's also a day local student Doctor James Fitzpatrick will remember after he was named Young Australian of the Year.

Despite a confident close on the Australian sharemarket ahead of the Australia Day long weekend, big losses by News Corp and a sluggish start after the holiday led to a mildly weaker close at the start of the week.

Shares in Seven Net-work moved up 3.5 per cent following an announcement they would not pursue the broadcasting rights for that other great Australian pursuit, the AFL.

Perth's attract-ed the attention of the Aust-ralian Stock Exchange after shares rose another 43 per cent to a high of 50 cents. Adultshop told the exchange it had no explanation for recent trading in the securities.

Also on the way up, speculation that Oil Search is a takeover target for Woodside Petroleum has pushed shares up to a two-month high of $1.61.

For the people in the town of Newman in the North, the Australia Day long weekend was marred by the tragic death of four policemen in an aeroplane crash.

Local business, Structural Monitoring Systems, have reached production stage with a new method of detecting structural fatigue in aircraft.

The system has the potential to save lives, not

to mention billions of dollars.

Just ask Ansett, which grounded more planes this week due to poor maintenance practices.

Internet banking has yet to bring any joy to the banks with less that one quarter of Australia's Internet users choosing to bank online.

Both Kim Beazley and John Howard sought to improve their innovation credentials with policy launches from tax incentives (Liberals) to providing online universities (Labor).

Still online, local online bottle shop is hoping to seize its share of the online wine market following a successful national role-out.

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