More Australians Going Bankrupt Than Ever Before The SMB market is feeling the brunt of a massive rise in bankruptcies with up to 86% of all new businesses failing. At the same time the high cost of living and easy access to credit have led to the highest number of bankruptcies in NSW since records began more than 20 years ago, the Insolvency and Trustee Service Australia (ITSA), accountants Hall Chadwick has said.
King Street Wharf Takes Off As Macquarie Bank Moves In King Street Wharf is set to become one of the most sought after of CBD office locations with big names like Macquarie Bank, American Express, KPMG and now Macquarie Bank moving in.
IBM Beats Financial Forecast But Shares Still Drop International Business Machines (IBM) has recorded an 8 per cent net income in Q2 when compared to last year’s financials, but it wasn't enough to stop its share prices from dropping.
VoIP Set To Soar As Consumers Opt For Free Internet Calls Fixed line broadband subscribers are increasingly opting for voice over IP and abandoning traditional fixed line telephone services, with a new report claiming that the VoIP market is escalating at a rapid pace expected to generate $40 billion a year by 2015.
Sony: It Aint So Bravia, PSN Hack A Costly Affair Good news were slim picking at Sony today, with recent earthquake, PSN hacking and falling sales in most segments the order of the day. However, despite this Sony’s TV sales actually witnessed a rise over the period to March 31 to US $43,045m.
This 16 per cent jump was due to a “significant increase” in unit sales that came mostly from the
Asia-Pacific and other regions, selling 22.4 million over the past year.
Sony Sales Slump 0.5%, Quake Hits Home Sony Corp have just announced its results for the year end which shows sales falling as the impact of earthquake and flat performance hit home.
Myer & DJ Plead For Mercy As Sales Slip Retail kings Myer and David Jones are begging for no future interest hikes as they scavenge for ‘green shoots’ amid an otherwise dreary retail sector.
Yahoo Say Boohoo As Earnings Slide Yahoo! Inc. report 28 percent earnings slide and “flat” growth as revenue sharing with Microsoft hits bottom line.
Business Backs Intel With Strong PC Demand Corporate demand for new PCs has led to a boom in orders for Intel's chips, whose first quarter net income jumped 29 percent, topping analysts' projections, and its own expectations.
Dick Smith & Big W Sales Bounce Back Consumer electronic sales in Australia appear to coming back after Dick Smith today reported a 7.5% lift in sales. Big W also reported stronger sales in the toys; office, consumer electronics and home market however sales were not as good as Dick Smith, who had a poor Q3.
iPhone 4 Owners Have Overdrafts, Android Owners Have Good Jobs & Money The iPhone 4 looks flash, and owners like them because they add a touch of "status" but the reality is that one in five owners of the must-have phone admit that they operate their life in overdraft mode. This is double the national average.
TPG Reports 23% Jump In Broadband Profits David Teoh's ASX-listed Internet service provider TPG – Australia's fourth biggest ISP after Telstra, Optus and iiNet with 516,000 broadband subscribers – has reported net profit of $33.8 million, up 23 percent, for the six months to December 31.
Amber Technology Starts Shedding Staff As Profits Slump 69% ASX listed distributor Amber Tech Limited, has started shedding staff in an effort to cut costs after the Company reported a 69% slump in profits. Sales in some divisions are down as much as 40%.
TiVo Price Dumping Proves A Success As Profits Evaporate Despite recent rumours that it was close to a pull out in Australia, TiVo licensee, Hybrid Television Services – part of Kerry Stokes's recently rejigged empire – says it scuppered competition in sales over the 2010 Christmas period.
Shock Result: Harvey Norman Profits Down 16.5% Harvey Norman reports a shocking result with the big winner being the consumer with the company forced to discount over several product categories during the Christmas period. This was in spite of having increased its number of stores from 195 to 198.
Credit Card Tracker Now On Google Phone Visa and Google have teamed up with Nokia to deliver a neat new service on their new Android phone that alerts users when a credit card has been used.
Google Third Quarter Results Internet search engine Google reported revenues of $US4.23 billion for the quarter ended September 30, up 57 per cent from the previous quarter and 9 per cent compared to the quarter before that.
Google DoubleClick Purchase Close Experts predict that Google Inc's purchase of advertising company DoubleClick for US$3.1 billion will be approved by US regulators despite vehement opposition from competitors Microsoft Corp and Yahoo Inc, according to a report from Reuters.
Share Fall Not Disastrous For Australia Despite the Australian and US sharemarkets suffering the sharpest fall since immediately after September 11, 2001, analysts maintain the local economy remains strong on the back of retail sales figures.
