David Olsen

In new figures released by the National Credit Insurance Brokers (NCI) claims received by bad debts in June 2010 were 44 percent higher than the 2004 – 2009 average over the same period.

iiNet has announced a net profit after tax 36 percent higher for the year ending 30 June, with iiNet’s reporting revenue growth of 13 percent to $473.8 million.

Virgin Blue will abandon the New Zealand domestic market from October 18, after it’s New Zealand based Pacific Blue operation accrued years of losses.

The Australian Bankers Association has strongly criticised Labor’s “Fairer, Simpler Banking” policy on credit cards unveiled by Julia Gillard, Wayne Swan and Chris Bowen.

Shopping centre manager and developer Lend Lease delivered an increase in profits of 5.2 percent to $323.6 million for the year ending 30 June as the company fills out its development pipeline.

The sixth Digital Citizens event, “Startups, small shops and bootstrappers: the real value in social media and digital PR for small business” will discuss both the benefits and the pitfalls of using the social ‘social media’ to reach customers

The Taxation Institute of Australia has come out swinging at Tony Abbott and it’s tax policy plans if it wins government in the federal election on August 21st.

Australia’s unemployment rate increased by 0.2 percentage points to 5.3 percent in July, seasonally adjusted, with a fall in the number of full time employed.

Social networking software developer GaggleHouse has won an Australian Information Industry Association (AIIA) iAward in the e-Inclusion and e-Community category for its development of 50and, Australia’s first social network dedicated to baby boomers.

The Westpac – Melbourne Institute Index of Consumer Sentiment has bounced back 17 percent over the last two months as consumers burned by six RBA interest rate increases in nine months recover.