The corporate watchdog has failed in its civil action against One.Tel founder Jodee Rich and the doomed telecommunication's company's finance director Mark Silbermann.
Telstra today rejected calls by the OECD for it to sell its shareholding in pay TV group Foxtel because it was hindering competition. A major report by the OECD released today criticised Telstra for owning a 50 per cent stake in Foxtel as well as its cable TV distribution network, saying it had virtually put the lid on competition in the sector.
Plans announced by Ferrier Hodgson to salvage Comindico's business operations appear to be crumbling.
One of Australia's most closely regulated industries is being stalked by the lethal combination of an ambitious Internet business and one of Australia's richest and most powerful men.
Kerry Packer's Publishing and Broadcasting Limited (PBL) has snapped up a quarter share in jobs Web site Seek.com.au, just days after its NineMSN joint venture shut down rival site monster.com.au.
Yahoo continues to struggle behind Google in the US but in Australia, it's a slightly different story -- NineMSN, the partnership between Kerry Packer's PBL and Microsoft, remains a major stumbling block for the online giant.
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