Former manager of MyGrocer, Ross Whitehead, has been fined AU$6,000 by the Australian Securities and Investments Commission (ASIC) after being found guilty of assisting in the management of two companies while an undischarged bankrupt.
French telecoms technology provider Alcatel and US equipment firm Lucent Technologies on Sunday announced a merger agreement, creating a US$33 billion dollar giant in global telecommunications.
Silicon Graphics (SGI), once a leading light of the supercomputing world, has admitted that its financial situation is so grim that it could be forced into bankruptcy.
Scott Richter, self-confessed Spam King and one-time peddler of ladies' underwear, has filed for bankruptcy, with Microsoft cited as the main reason.
A mysterious bidder paid US$15.5 million Monday in the US in a bankruptcy court auction of dozens of Internet-related patents--and then rushed out of the courtroom.
A new showcase for optical networking technology is beginning to light up, offering a test bed for research that could help spark a fire under the moribund industry.
Acrimony between MySupercentre and disgruntled former licensees reached a new low point over the weekend with allegations of looting at the company's headquarters.
Authorities are closing in on business identity Ross Whitehead over his involvement with online shopping start-up MySupercentre Pty Ltd which was placed in liquidation by its creditors Monday.
MyGrocer.com.au's office and customer lines were today out of service fair trading minister Margaret Keech today issued a strong warning not to deal with one of its key executives and dot-com veteran, Ross Whitehead.
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