International Volant Limited, a wholly-owned subsidiary of China Haidian, announced that it has acquired all shares in Eterna AG Uhrenfabrik from FA Porsche Beteiligungen GmbH. Eterna was founded (under a different name) in 1856, In 1932, Eterna created a subsidiary called ETA to make movements for itself and other watch companies — via redwolf.newsvine.com
The world of online book retailing is about to get that little bit less competitive, with Amazon announcing that it’s reached agreement to buy UK seller The Book Depository.
Perhaps recognising the importance of the brand, the 900-pound gorilla has faithfully promised that it’s not going to squash The Book Depository brand. Customer disquiet has also led The Book Depository to reassure people that it will continue to operate independently — via redwolf.newsvine.com
The Civil Aviation Safety Authority has suspended all Tiger Airways flights in Australia for the next week because of serious
safety concerns — via redwolf.newsvine.com
To call this guy a business genius would be an understatement. In just the past few years, he’s opened a Spokane campus and grown it from three employees to 45. At the same time, Adams has led an effort to bid for and land very competitive contracts from private enterprise. In other words, his employees who are blind, Deaf-Blind and blind with other disabilities are competing with other companies who have far fewer (or no) employees who are blind. And they’re winning on quality and price – a remarkable and admirable feat — via tyler.newsvine.com
The Greens have released a report which has found 83 per cent of Australia’s mining industry is foreign-owned — via redwolf.newsvine.com
A long copy ad for Wagon Wheels by GPY&R Sydney was Australia’s sole winner of a Press Lion in Cannes.
The ad – featuring the quirky tale of the invention of the Wagon Wheel — won a silver lion — via mUmBRELLA
The Netregistry Group has taken over the business of stricken web hosting firm distribute.IT after hackers permanently obliterated files and websites belonging to more than 4800 accounts during a devastating half hour of infiltration — via redwolf.newsvine.com
Major corporate members of the Employers and Manufacturers Association are piling on pressure for embattled chief executive Alasdair Thompson to be sacked at an emergency board meeting on Monday.
Mr Thompson yesterday sparked outrage by suggesting once-a-month sick problems
were a factor that affected women’s productivity.
He later started a fiery confrontation with Campbell Live reporter Mihingarangi Forbes when she questioned him on his statements — via redwolf.newsvine.com
Allegations of bullying and intimidation by a senior executive at Woolworths have rocked its national headquarters, sparking an external investigation.
It is understood staff members have complained about the behaviour of the manager, prompting Woolworths to call in an external company, Deloittes, to examine the claims — via redwolf.newsvine.com
Five dollars for control over 1,000 compromised email accounts. Eight dollars for a distributed denial-of-service attack that takes down a website for an hour. And just a buck to solve 1,000 captchas.
Those are the going rates of cybercrime, the amounts criminals pay other criminals for the technical services necessary to launch attacks. It’s the kind of IT outsourcing no legitimate company would ever conduct, but it’s a profitable business if done effectively.
This criminal underground was detailed Wednesday in a highly entertaining talk given by researcher Stefan Savage at the annual Usenix technical conference in Portland, Ore. Outrageous examples of outsourced cybercrime drew laughter from the audience, but Savage also presented an empirical approach to researching computer crime and devising the most effective – meaning the most financially feasible – methods of stopping it — via redwolf.newsvine.com
For the first time, a telemarketer has received a hefty civil penalty for making calls to people listed on the Do Not Call Register.
Queensland-based FHT Travel and the company’s director Yvonne Earnshaw have been ordered to pay a fine of $120,000 for making 12,000 marketing calls to people who have opted out of unsolicited telemarketing calls — via redwolf.newsvine.com
As rumored, GPS device company Garmin has bought its European competitor Navigon AG. Financial terms of the deal were not disclosed but previous reports have indicated that the company was acquired for roughly $72 million. Navigon will operate as a subsidiary of Garmin — via redwolf.newsvine.com
It appears as if PayPal global president Scott Thompson has landed in Australia briefly. We’re not sure why he’s here, at this point, but he did stop in for a brief interview with Business Spectator supremo Alan Kohler as a guest on Kohler’s Inside Business slot on the ABC. Perhaps the most interesting part of the interview is Thompson’s statement that PayPal could become a viable option for customers to pay for items at normal retail store checkouts — instead of just online:
Well one of the big trends that’s happening in Australia and around the world is all those devices in retail stores are actually now being connected to networks, and we view that as a massive opportunity for PayPal because now we can be a tender type, an option for payment at point of sale because that device is essentially a computer when it’s connected to a network
— via redwolf.newsvine.com
The Swiss Competition Commission (Comco) has announced that it is opening an investigation against Swatch Group arising out of the Group’s plan to stop supplying mechanical watch movements and components to third parties. Comco said yesterday that the purpose of the investigation is to determine whether Swatch Group’s decision is an abuse of its dominant market position and so a violation of the cartel law — via redwolf.newsvine.com
Citigroup acknowledged on Thursday that unidentified hackers had breached its security and gained access to the data of hundreds of thousands of its credit card customers in North America — via redwolf.newsvine.com
Symantec is expected to inform staff tomorrow that it will close development and product engineering operations in Australia.
Symantec confirmed that the company planned to outsource some its software engineering development work to India and other low-cost centres.
It said that its Sydney offices in North Sydney and Kent Street in Sydney’s CBD would remain open — via redwolf.newsvine.com
Fairfax Media has confirmed it is conducting a strategic review of its assets, including New Zealand auction website Trade Me, amid pressure from key institutional shareholders to restore its flagging share price.
The newspaper, digital and radio business yesterday announced it was undertaking a strategic review of its portfolio of assets to maximise stakeholder value
and Trade Me, like all other assets, is included in the overall review
— via redwolf.newsvine.com
The Australian newspaper has announced it will put up a paywall around much of its digital content later this year.
News Limited’s national broadsheet will start charging for access to premium content
from October this year, while leaving much of its general news content available for free — via redwolf.newsvine.com
A preliminary study focused on counterfeit sales in China — the source of all those fake handbags in Chinatown and just about everywhere else — suggests that in many cases the sale of fakes may not be so bad for legitimate brands. The study, by Northwestern economist Yi Qian, examined the counterfeit market in the wake of well-publicized cases of food poisoning and exploding gas tanks in China, when enforcement efforts were diverted from policing fashion copycats and toward monitoring drugs, food, and gas. Counterfeit factories flourished, but surprisingly, this led to an increase in sales for high-end products in the years that followed — via redwolf.newsvine.com
A report has found Tasmania has the potential to triple the size of poppy cultivation — via redwolf.newsvine.com
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