This article was sourced from Fast Company. Article by Kevin D Mitnick. Ang Cui is the CEO and chief scientist of Red Balloon Security, but from 2008 until 2015 he was a graduate student at Columbia University, where he spent more time thinking about laser printers than most of the people who used them. Cui wondered, in […]
This article was sourced from The Sydney Morning Herald. Article by Ben Grubb. The German software developer who introduced a security flaw into an encryption protocol used by millions of websites globally says he did not insert it deliberately as some have suggested. In what appears to be his first comments to the media since the […]
This article was sourced from Business Insider. Article by Frank Chapparo. Maxim Razmakhin has always been an entrepreneurial spirit. When he was in college, he sold milkshakes out of his dorm room. “It was sort of like a substitute for coffee,” Razmakhin said. “It stimulated brain power and helped people cram for those big exams.” He ended up […]
This article was sourced from Business Insider Australia. Article by Tanza Loudenback. You may have figured out by now that your money problems are the result of your upbringing. In fact, the attitudes and beliefs your parents held about money while you were young has a profound effect on your relationship with money as an adult, […]
This article was sourced from Bloomberg Technology. Article by Devin Banerjee and Pavel Alpeyev. SoftBank Group Corp. is buying alternative-asset manager Fortress Investment Group LLC for $3.3 billion in cash to operate alongside the Japanese company’s soon-to-be-established technology investment fund. Japan’s SoftBank will pay $8.08 a share for New York-based Fortress, a 39 percent premium […]
This article was sourced from Smart Company. Article by Broede Carmody. A multimillion-dollar printing business that has been operating for more than 20 years has collapsed into voluntary administration. Sydney Allen Printers Pty Limited appointed external managers late last week but appears to still be trading. John Morgan and Geoffrey Davis from BCR Advisory have been appointed […]
This article was sourced from Sydney Morning Herald. Article by Ben Grubb. CommBank suffered an almost three-hour long major outage on Friday afternoon that affected its Eftpos machines and customers’ access to some features in Netbank, its online banking system. The outage, which began about 12pm AEST, was affecting customers across Australia, leaving some people unable to pay for […]
This article was sourced from The Sydney Morning Herald. Article by Melissa Healy. New research suggests the tax office should expand the list of acceptable explanations for procrastinators’ yearly extension requests and late tax filings. Two possibilities: “I was born this way” and “failure to evolve”. Procrastination, suggests a new study, is an evolved trait that […]
This article was sourced from Yahoo Finance and Reuters. Article by Tom Hals. WILMINGTON, Del., Feb 14 (Reuters) – Energy Future Holdings Corp outlined on Tuesday a deal that resolved the biggest disputes hanging over the company as it opened a trial to confirm its plan to exit bankruptcy and be acquired by NextEra Energy Inc for about […]
This article was sourced from Fox 17 online. Article by Bob Brenzing. GRAND RAPIDS, Mich. – A Grand Rapids-based sporting goods retailer has filed for bankruptcy protection. MC Sports announced Tuesday they are reorganizing the company under Chapter 11 of the bankruptcy code. The company has 68 locations in seven states and operates a ski shop […]
This article was sourced from android authority. Article by Kris Carlon. Toshiba may be facing bankruptcy amidst a failed attempt to salvage the company’s fortunes. Toshiba confirmed today that it will take a $6.3 billion hit thanks to its problematic US-based nuclear construction business. In response, the company’s chairman will step down tomorrow. Toshiba had attempted […]
This article was sourced from Sourceable. Article by Anne Paten. If you walk around any construction site across the country, it’s immediately apparent that sub-contractors are the backbone of Australia’s building and construction industry. They enter into contracts, do the work and have a fundamental legal right to be paid. But in this industry, all small business […]
This article was sourced from The Australian Business Review. Article by Bridget Carter and Scott Murdoch. Fashion labels Marcs and David Lawrence have gone in to voluntary administration, citing deteriorating sales, general market conditions and poor cash flow. They are the latest in a string of players in the retail sector, under pressure from online trading […]
This article was sourced from Mondaq. Article by William Clement and Ian Currie. Liquidators can face significant issues when appointed over companies that operate under the licensing regime of the Therapeutic Goods Administration (TGA). The TGA is a Commonwealth Government agency administered by the Department of Health. It’s responsible for regulating the supply, import, export, manufacturing and […]
Federal government safety net for employees When an employee loses their job through the liquidation or bankruptcy of their employer, they will have recourse to a federal government safety net called the Fair Entitlements Guarantee (FEG) for protection of certain unpaid employee entitlements. The entitlements that may be claimed by an eligible employee are: unpaid […]
Top 5 warning signs of business failure When financial pressure is mounting, a company director has a lot of noise to deal with. In this situation, a small business owner can become blinkered and miss the obvious warning signs in front of them. The ability to identify, and act on warning signs can help a business […]
The ATO’s stronger debt collection measures The Australian Tax Office (ATO) has implemented stronger debt collection measures to counter the recent increase in tax debt of small business owners. The Sydney Morning Herald recently reported an increase in Australian tax debt to almost $20 billion, with small business taxpayers accounting for 60 per cent of […]
Five tips to secure finance for your business In today’s tough economic climate, where cash flow is critical, small business owners may consider applying for new finance or refinancing their existing facilities. If successful, the process can result in access to extra funds, lower interest rates and reduced costs – all of which can […]
Six steps to avoid Christmas insolvency Christmas can be a peak time for some small business owners, such as retailers, and a challenging time for others, such as manufacturers and service providers. It is no coincidence that the number of insolvencies for certain industries rises in February and March each year after paying wages, finance […]