Telco Who Exploited Immigrants Fined $54,000
A Sydney telecommunications company who employed immigrants from China with little understanding of the English language has been fined $54,000 for underpaying two of those workers more than $30,000.

Flat Third Quarter Sales For Harvey Norman
Harvey Norman announced that total sales for the nine months ended 31 March 2010 rose 2.2 per cent to $4.64 billion. However, the company has also recorded flat total sales, with like-for-like sales rising only 1.2 per cent in Australia.

Silent Norman Paid $15M By Gerry Harvey Linked Company
The head of Harvey Norman consumer electronics, David Ackery, and John Slack-Smith have been revealed as having multimillion-dollar loans via private company Dimbula. It has also been revealed that the Norman in Harvey Norman was last year paid $15 million in dividends and $17.9 million in 2008.

Navigation, MP3 Players And Digital Cameras Sales Set To Crash
Leading research company GFK has said that the consumer electronics market will decline despite reaching over $681 bn in sales and, while the Australian market is still growing, the USA will decline 12 per cent and Europe 36 per cent.

Derwent Howard Cuts Deal With Porn Publisher For $160K
The phone lines between Spain and Sydney could be running hot tonight after Jim Flynn, the former CEO of failed technology media company Derwent Howard, bought his failed company back for $160,000 after placing the company into administration with debts of over $4M in August.

Salary Rises At Ambertech Despite 43% Profit Decline
Amber Technology who is one of the few consumer technology distributors to list locally on the ASX has reported a 43.2% decline in profits despite a 2.5% increase in revenues. However this has not stopped some senior Amber executives getting pay rises.

Desperate Sony Makes SOS Call
Sony, who lost the Beta Vs VHS battle, then spent hundreds of millions of dollars on robots that no one wanted and roll in motion MP3 players that were the joke of the industry, is now convinced that consumers will flock to their products to buy content.

Sony & Woolworths Dragged Into Missing Assets Probe
Insurance Companies who are exposed to over a million dollars worth of debt following the $5M collapse of technology magazine publisher Derwent Howard are set to start asking questions of the administrator, after two key assets involving Sony and the Woolworths owned retailer Dick Smith, were moved to new entities only weeks before the Company was placed into voluntary administration.

Lumix Blu ray & Plasma Send Panasonic Over The Top
After investing millions into marketing for their plasma and digital camera's, including $9M on the Australian Tennis Open and millions more on Rugby, Panasonic Australia is now reaping the benefits with big increases in market share in the flat panel TV, digital camera and camcorder markets claims the Japanese Company?s CEO Steve Rust.

CE Vendors Agree Terms Over E Waste
Federal and State environment ministers have agreed to create a national legislative framework to address e-waste in Australia. The landmark decision, which comes after years of pushing by consumer groups and the industry, was made at a meeting of Environmental Protection Heritage Council (EPHC) comprising the State and Federal environment ministers in Perth yesterday.

Panasonic To Pay $4.5 Billion For Sanyo
Panasonic has confirmed that they are set tp proceed with the acquisition of Sanyo Electric and that the feal will cost them around $4.5 billion.

Bribery, Corruption, Intimidation A Day At The Office For Intel
Intel, who is already being investigated in Europe for threatening PC vendors like Dell and HP is now being accused of?bribery and coercion" after a two year investigation by Federal agents in the USA.

Sony OZ Boss Responds To Pay Rise Claims
The Managing Director of Sony Australia Carl Rose and Sales Director David Hargreaves have said that they did not receive increases in remuneration during the 2008/2009 financial year when Sony Australia staff were being laid off. They say that the last time they got a pay rise was on the 1st April 2008.

Apple Shares Surge 131%
Apple's shares have surged 131 percent this year, making it the second most-valuable technology company in the US, behind Microsoft.

IT Publisher Placed Into Administration
IT Media company Derwent Howard, the publisher of the Dick Smith Magazine and several gaming titles has been placed into administration with questions now being raised as to whether assets and mastheads have been systematically moved to new companies that will allow former executives of the company to continue trading.

Canon Profits Fall 56% Revenues By 22%
Canon the printer and photographic Company has reported a 56% fall in third-quarter net profits after being forced to compete in a brutally competitive market. This is the seventh consecutive quarter loss for the Japanese Company.

More Problems Tipped For Sony As Panasonic Rebounds
Its reporting season in Japan this week, with Panasonic tipped to announce a return to profits, after reporting massive losses in the last quarter. Meanwhile Sony is expected to report yet another, operating loss as consumers dump their products in favour of offerings from Apple, Samsung LG and Panasonic.

Apple Teach Sony, Nokia And Dell A Lesson
Apple is proving that great design and smart software pays off, with a massive 47% jump in profits. The result is a sobering reminder to brands like Sony, Nokia and Dell who are wallowing in losses and poor results.

Harvey Norman Set To Lose Up To $50M In Ireland
Harvey Norman, who hours after arch rival JB Hi Fi reported record profits, announced to the ASX that more than $41 million was missing from their original financial forecasts, has now reported that their Irish operation is still making losses.

Jaycar Electronics Opens New Stores
Jaycar Electronics announced that it has opened two more stores in New South Wales.

Harvey Norman Embarrassed By Missing Millions
Hours after arch competitor, JB Hi Fi reported record profits and sales Harvey Norman has revealed an embarrassing $41.75 Million dollar mistake in their original profit forecasts, which now raises questions about the overall performance of the group.

JB Hi Boss Talks Retail Secrets New Stores & The Economy
JB Hi Fi has confirmed a whopping 45% increase in profits and a 27% increase in revenue making them the best performing consumer electronics retailer in Australia. In a presentation to shareholders today Chief Executive Richard Uechtritz has revealed some of the secrets to their succes.

Clive Peeters Brags As Vic Police Fail To Charge $20M Payroll Bandit
Victorian Police have still not charged the former payroll manager of retailer Clive Peeters despite Clive Peeters management and their lawyers cutting a deal with the woman to hand over $20 million dollars worth of property which they claim was purchased with funds stolen from the retailer.

OZ Retailers Under Attack From Amazon
Online retailer Amazon is set to target the Australian market for consumer electronics products with the global retailer set to offer US pricing for hundreds of consumer electronics goods as well as books currently sold in Australian retail stores at considerably higher prices than what Amazon sell them for.

Samsung Flies As Sony Wallows
While arch rival Sony wallows under a mountain of losses, Korean Manufacturer Samsung Electronics has seen sales rise 19% and profits climb to $3.5 Billion dollars.

Big Pay Rises For Gerry Harvey & Wife After Share Losses
As Harvey Norman shares wallow with several brokers recommending a sell order, boss Gerry Harvey and is wife Katie Page have given themselves a pay rise because of the impact of the recent financial crisis on their hare options.

Sony's Secret Profits & Executive Pay Rises Exposed
Executive management at Sony Australia who earlier this year sacked several staff due to ?cost cutting? has lifted their own compensation to over $2.5 million which is a 7% increase over what they paid themselves in 2008.

World's Biggest Consumer Electonics Merger Approved
The European Union has granted Panasonic conditional approval to take over Sanyo Electric. The deal is the biggest merger of two consumer electronics Companies.

Myer Valued At $3.16 Billion
Shares in department store Myer will be offered to the public on November 2nd the day before the running of the Melbourne Cup where Myer directors are set to celebrate a value which has been tipped to go as high as $3.16 Billion dollars.

Pansonic Snares Most Of Sanyo
Panasonic has all but snared Sanyo after US Investment Bank Goldman Sachs said that it would agree to sell a 15.7 percent stake in the struggling Japanese electronics Company for 1.4 billion dollars.

Australians Spend Big On Tech
Despite the global financial crisis, Australians have purchased more tech gear in the first six months of 2009 than in any other first half, according to a survey conducted by Canon Australia.

GE Capital Say That Retailers Should Not Be Concerned
GE Capital is not set to pull funding to Australian retailers the Company said today. ?Australia is the third largest market in the world for us and we are here to stay the Companies CEO has told ChannelNews.

Pioneer Head Office Moves Out
After staying at Boundary Road, Braeside for over 30 years, Pioneer is set to relocate its Head Office to Melbourne.

GE Funding Cut Could Hurt Mass Retailers
GE Capital who partner with consumer lending group GE Money who are a major supplier of finance to Harvey Norman and several other consumer electronics retailers could face a major funding cut after racking up losses of $263 million.

JB Hi Fi Praised By Myer Boss Gets 20% Pay Rise
The management team at JB Hi Fi have been praised by no other than the CEO of key competitor Myer the praise comes as JB Hi Fi boss Richard Uechtritz is given a 20% pay rise.

Clive Peeters Still Looking For White Knight
Clive Peeters is still open to offers with the Company determined to cut their bank debt. The claim was made after the Company announced losses of $11.3 million and a decline in sales of 7%.

New Clive Peeters Web Site As Losses Mount
In a series of full page advertisements Melbourne based retailer Clive Peeters has announced a new online business while also apologising to customers following the theft of over $19 Million dollars from the Company by a former Payroll Manager. The Company has also announced big losses.

Senior Executives Quit Tech Media Company
Nick Cutler the Managing director of Derwent Howard has quit only days after announcing that the Company was set to launch a new technology magazine for Dick Smith. Also quitting the Company is one of the founders Nathan Berkley.

BenQ Executives Cleared Of Insider Trading
Senior BenQ executives have been cleared of insider trading. The drama unfolded after Police raided the companies offices in 2007.

Harvey Norman Profits Fall 15.2%
Harvey Norman has announced a 15.2% decline in profits to $250.42 million compared to $295.14 million for the same period in 2008. In comparison JB Hi Fi reported a 40% increase in profits.

Samsung Responds To Federal Ministers Complaint
With research showing that customer service is becoming a key issue with consumers Samsung has invested over $3M in the opening of seven new customer service plazas across Australia.

Clive Peeters Back Trading Losses Mount
Melbourne retailer Clive Peeters is back trading on the ASX following a major investigation into its past accounts and the theft of over $19.4 million from the Company.They have also confirmed that over 40 properties were purchased with money stolen from the Company over a two year period.

Appliance Retailer Prosecuted For Underpaying Staff
A Melbourne retailer of small appliances, homeware and lighting has been prosecuted for allegedly underpaying 43 workers more than $40,000.

Notebooks and TV's Help Officeworks & KMart
Officeworks and Harris Technology have delivered 7.7% growth for Wesfarmers despite a slowdown in spending by small medium business.The Company has also heralded a move to more consumer electronic goods in both KMart and Target stores.

Consumer Spending On Gadgets & Tech Booming Say GFK
A new GFK research report reveals that consumer spending on consumer electronics and IT goods in Australia grew by 16.2% in June and by 8.8% in the last quarter when compared with 2008.

Major Clive Peeters Shareholder Faces Fraud Probe
According to a new report the former Payroll Manager of retailer Clive Peeters, who is accused of stealing millions from the Company over a two year period, was also the 15th largest shareholder in the Company after amassing more than 389, 314 shares under another name.

Record Growth For Telstra
Mobile and broadband sales were the two biggest revenue earners for Telstra who today announced a 2.9% increase in sales and a 10.3% increase in profits.

Bugger The Crime, We Got Our Money Say Clive Peeters
COMMENT: Sonya Causer, the woman who stole millions from retailer Clive Peeters, is tonight a free woman after a deal was cut between Causer, the one time payroll master at the Melbourne based retailer and Clive Peeters boss Greg Smith.

How Clive Peeters Was Robbed Of Millions
The mother who stole millions from retailer Clive Peeters is believed to have left Victoria. Calls to her mobile earlier today went unanswered as the mother of three fled with her children and husband.

FIRST PICTURE: Thief Who Made Millions For Struggling Retailer
The woman who stole $7 Million dollars from Clive Peeters and turned it into $20M is also being investigated over the purchase of luxury cars including one she purchased at a Good Friday Appeal Auction for the Melbourne Children?s Hospital.