Courts allow $7.3M in Nortel bonuses
Bankruptcy courts will allow Nortel Networks to pay as much as US$7.3 million in incentive bonuses to eight key executives after creditors of the bankrupt communications equipment maker dropped their...
View ArticleMoney transfers to become hottest mobile app, says Gartner
Money transfers and payments over mobile phones will be among the top 10 most important mobile applications by 2012, market research company Gartner said on Wednesday.
View ArticleTwo sentenced to prison for online money laundering
Two Bulgarians have been sentenced for their roles in an online money-laundering scheme that collected about US$1.2 million from U.S. residents and sent it to a criminal group in Eastern Europe, the...
View ArticleMasterCard lets iPhone owners send or receive money with app
Using MasterCard's MoneySend application, iPhone and iPad users will be able to send or receive money using their phone or tablet, the card company said on Thursday.
View ArticleApple exec stashed $150,000 in shoe boxes
Federal agents found more than US$150,000 in cash when they searched the house of Apple manager Paul Devine earlier this month, prosecutors said in court Monday.
View ArticleOpen source identity: Bitcoin technical lead Gavin Andresen
Originally from Melbourne, Australia but now living in the US, Gavin Andresen is the technical lead of the Bitcoin virtual currency system. Started by Satoshi Nakamoto in 2009, Bitcoin is a digital...
View ArticleGoogle releases open source Bitcoin client
A Google engineer has released an open source Java client for the Bitcoin peer-to-peer currency system, simply called BitcoinJ.
View ArticleTuesday Grok: Is Facebook already more profitable than Amazon?
Relentlessly, and from far away it seems effortlessly - Facebook marches on. The future belongs to Mark Zuckerburg, or at least a few fleeting years of it, as it once belonged to the Tom Watsons at...
View ArticleMonday Grok: Groupon is a crock
For the record, and so you can hold him to account in future, long after others have stopped caring, Grok thinks Groupon is a crock.
View ArticlePayPal predicts imminent demise for NFC, but analysts are split
The end is nigh for near field communications (NFC) mobile payments, if PayPal president, David Marcus, is correct in his predictions. However, Australian industry analysts we contacted had differing...
View ArticleNAB CEO: ‘Complexity is killing us’
Technology is the “foundation and accelerator” of NAB’s multi-year effort to simplify the bank, CEO Andrew Thorburn said yesterday.
View ArticleANZ promotes digital banking exec
Maile Carnegie has been promoted to ANZ Bank’s group executive digital and Australia transformation.
View Article
