News
The culture of banking executives bringing home big salaries and bonuses while taking excessive risks with investors money may be a thing of the past if the APRA’s chairman John Laker gets his way. In a speech today in Melbourne, the chairman the Australian Prudential Regulation Authority has made clear that the current system of […]
The not for profit and industry funds have again dominated the Chant West 2010 superannuation fund ratings. This is despite master trusts performing well as the economy escapes from the effects of the GFC. “While investment is very important and accounts for 40% of our overall weighting, past performance only counts for 10% of that,” […]
New research has found that Australian employees are not planning on changing jobs in the future due to economic uncertainty due to the GFC. The research report, Hunting the (hidden) Hunter looked at the triggers that would cause employees to move from one job to another, with the number of people actively looking for alternate […]
People Telecom Pty Limited has admitted its sales agents transferred customers from rival carriers without consent and made other potentially misleading claims in order to signup customers. As part of a court enforceable undertaking People Telecom will now offer affected consumers refunds and waive debts arising from telemarketing and door-to-door sales on its behalf. For […]
Nielsen’s 2010 Internet & Technology Report has found the median Australian internet user spent 17.6 hours per week online in 2009, an increase of nine percent over 2008 with a 28.5 percent increase over 2007 levels of internet usage. Interestingly the increases in Internet usage have not seen a corresponding drop in individuals consumption of […]
Finishing off that last-minute essay? Word stuck on the tip of your tongue? Dictionary.com brings you over 500,000 words, definitions and synonyms in its new app for BlackBerry. The app features phonetic and audio pronunciations, and you can check for correct spelling and definitions using dictionary listings or search for new words using the Thesaurus. […]
Prime Minister Kevin Rudd has reacted to the defacing of two Facebook tribute pages by considering the introduction of an Internet Ombudsman in Australia. “We just see the colliding of the two worlds here, abuse and graphic material online, and businesses legitimately concerned about using the Internet properly,” Rudd said. “We need to do everything […]
New research conducted by the University of New England (UNE) has found that mothers who work part-time raise healthier children than both those who work full-time and stay-at-home mums. In the study of more than 4500 Australian pre-schoolers, the UNE study found that kids of part-time mums were eating less junk food, watched less television […]
Australians lost over $70 million to online fraud in 2009, with that figure just the tip of the iceberg reports the Australian Competition and Consumer Commission. “Scams continue to make up a large proportion of total complaints that the ACCC receives and more than 20,000 scam reports were made to the ACCC in 2009 – […]
Microsoft has successfully taken legal action to shut down the control structure of the network behind the Waledac botnet that is responsible for 1.5 billion spam emails daily. In the US District Court of Eastern Virginia, a federal judge granted Microsoft’s request against 273 domain names believed to be hubs for control of the Waledac […]
Last year there were 2 amazing business statistics that blew me away: 24.1% of founders of start-up companies suffered start-up burnout 54.2% of founders felt their business adversely affected their personal life and health. So why the hell do we do it to ourselves?! I am one of those start-up founders who has their life […]
The Commonwealth Bank has agreed to a settlement with former Storm Financial clients and plans to discuss compensation details this Saturday in Townsville, North Queensland. Some former clients of Storm Financial will be eligable for cash and other concessions as a part of the compensation deal. In responding to the deal, the Storm Investors’ Consumer […]
Nine out of ten office workers confess they have read other print jobs left at the printer while another 70% of office workers complained that they have had a print job go missing from the printer. These revelations have come out of research into Australian office printing commissioned by Canon this month revealing a general […]
In a world first, Central Coast company EBIS (Encore Business Integrated Solutions) has developed, a messaging system which sends pictures, video and even a voice confirmation of delivery, before the driver gets back to their van. In what is expected to become an essential tool for businesses throughout the world, the patented Encore Messaging system […]
Woolworths exceeded market expectations today with a reported 11.4 percent rise in first-half net profit for this financial year. In the half year (27 weeks) ending 3rd of January, Woolworths net profit was $1.09 billion, up 11.4 per cent compared to the same period last year. Share holders will be paid interim dividend of 53 […]
In a six month study by broadband comparison site Broadband Expert it was found that the average download speed in Australia was less than half of the speed advertised. In a study of 11,000 broadband users that covered nine companies, the site compared the actual speed obtained by users and compared it to what their […]
ANZ has issued an official statement covering their first quarter results, reporting an underlying profit after tax of $1.6 billion for the four months to end-January. This was a 16 percent increase in profit covering the bank’s first-quarter results, which was boosted by improved margins on its products. However earnings were lower than hoped due […]
Unified Communications vendor ShoreTel has launched a video competition encouraging current and potential customers to tell their best ShoreTel story through a short video (3 minutes max). The videos will be showcased at contest.shoretel.com and the top video entries will win some really cool prizes including a 52” Sony HDTV! The contest runs until April […]
An economic bounce-back and improved job market is driving competitive staff back to school in 2010 after a stagnate 2009, says Edinburgh Business School (EBS). “In 2010, pressure will build for those looking to move from middle management to senior executive positions, to demonstrate not only their professional experience, but also their academic qualifications,” says […]
AFACT has filed a notice of appeal today with the Federal Court, containing 15 grounds of appeal on the decision in February this year in iiNet’s favour. AFACT’s executive director Neil Gane believed that there were good grounds to appeal the decision. “The court found large scale copyright infringements, that iiNet knew they were occurring, […]
