NAB Sheds Legacy of IT Disaster

The National Australia Bank is shedding its tarnished image from such IT disasters as the integrated systems implementation, with the aim of becoming a world-class technology leader by 2007. In the midst of major upheavals at the bank following its $360 million foreign exchange scandal, NAB is working to wipe away past disasters, and experimenting with new technologies that for the first time will involve sharing innovation across the group

Telstra Cuts Wholesale Broadband Prices

Telstra has caved in to pressure from the ACCC over the wholesale pricing of its broadband Internet service. The competition regulator had accused Telstra of cutting its retail prices to a point where some of its wholesale customers could no longer compete. Telstra announced discounted wholesale packages offering a 40 per cent discount compared to retail prices

El Al Planted Gun on Passenger

An air passenger was stunned to find a handgun in his luggage after a flight with Israel’s national carrier El Al. Security officers sometimes put replica guns in luggage to keep bag checkers on their toes. In theory, the weapon would be discovered during checks and removed, leaving passengers none the wiser. This handgun, however, appears to have slipped through the net — via Darren Barefoot

Battles Ahead In Comcast Bid For Disney

Comcast’s hostile bid for Disney this week has created turmoil on three pivotal fronts — and the outcome of each skirmish could have a direct impact on what most Americans see on their television screens and when they use a high-speed cable Internet connection. On the business front, Disney won’t take things lying down. Wall Street aren’t too impressed with the spectre of the AOL-Time Warner deal still in recent memory. And consumer advocates have signaled they’re going to fight the merger