International IT company enters voluntary administration Altech computers, a company with offices and warehouse in Hong Kong, Brisbane, Melbourne, Sydney, Adelaide, Perth, and Auckland has collapsed into voluntary administration. The business was established in 1997, was featured in BRW’s Fast 100, and was named Microsoft’s Australian distribution partner of the year in 2008. According to…
Dick Smith falls out of ASX200 S&P Dow Jones made a statement on Friday regarding the Dick Smith’s future in the ASX200. It was confirmed that the company would be removed from the ASX200 after close of trade on the 18th of December. Dick Smith has taken action after writing down the value of its…
Macquarie Bank cops criticism for ‘get rich quick’ pitches The bank is the target of customer backlash for allegedly failing to convey the risks and complexity of their financial products to unsophisticated investors. Financial advisor and self-described ‘Dream Maker’ Peter Spann has been accused of aggressively mass-marketing Macquarie structured investment products between 2006 and 2009…
100 franchisees show interest in legal action against 7-Eleven The lawyer in charge of preparing the class action has confirmed that 40 store owners had formally signed up for the class action suit, while another 60 had expressed interest. An independent panel was created to investigate the alleged wage fraud and so far the panel…