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No more TV license in S'pore; RecordTV lawsuit ruling moot?

Every household in Singapore probably did a little jolly jig on Friday when the government announced radio and TV license will be abolished, finally.During his budget speech, Finance Minister Tharman Shanmugaratnam explained that license fees were "losing their relevance" with increasing media convergence where anyone can now receive broadcast content over the Internet and mobile devices, and TV ownership is no longer limited to middle- and higher-income groups.

February 20, 2011 by

Macquarie Group scolded over telco deals

Investment bank Macquarie Group has been taken to task by the head of Australia's consumer watchdog for suing small business customers caught up in an alleged telco-finance scam, but it rebuffed the approaches on behalf of small business owners who had been caught by a finance scam.

October 31, 2010

Medibank's tech to get pre-sale check-up

An external consultant will conduct a review of Medibank Private's IT systems as the federal government decides how to privatise the health insurer. In mid-July Finance Minister Senator Nick Minchin announced investment bank Carnegie, Wylie & Company had been appointed as the business adviser for the sale.

August 20, 2006 by

Microsoft updates Money

Microsoft released new versions Tuesday of its Money personal finance software, which has long run a distant second to market leader Intuit's Quicken. Money 2004 includes new investment-tracking tools and a host of free services--including online bill paying, credit reports, and tax preparation services--offered through Microsoft's MSN Internet service and an array of partners.

July 22, 2003 by

Software maker Autodesk loses CFO

Design software maker Autodesk announced Thursday that its chief financial officer is leaving the company for a software start-up. Steve Cakebread will leave San Rafael, Calif.-based Autodesk at the end of the month for a similar job at, a San Francisco company specializing in software for sales-force automation. Cakebread had been with Autodesk for five years. Autodesk said in a statement that Martha McDonald, vice president of corporate finance, would assume Cakebread's duties until a replacement is hired. The company also reported financial results down significantly from a year ago. Net income for the first quarter, which ended April 30, was $18 million, or 15 cents a share, compared with $28 million and 25 cents a share in the same period a year ago. Revenue for the quarter totaled $229.3 million, down from $245.7 million a year ago. CEO Carol Bartz blamed the slowdown on overall economic pressures and sub-par results from the company's Japanese division and its Discrete animation software unit. --David Becker, Special to ZDNet News

May 17, 2002 by

eBay buys into Chinese market

Marking its second move into Asia in less than a month, eBay said Sunday it is buying a 33 percent stake in Chinese auction site EachNet for $30 million. In addition to the financial investment, eBay CEO Meg Whitman and Matt Bannick, senior vice president of eBay's international operations, will join EachNet's board of directors. eBay representatives did not return calls seeking additional comment. Last month, eBay announced it would buy Taiwan-based auction site NeoCom Technology for $9.5 million. At the same time, however, the San Jose, Calif.-based auction giant said that it would close its struggling Japanese auction site. Last year, eBay expanded into France, Brazil and the Netherlands by buying French auction company iBazar. The company also owns a stake in Korea's Internet Auction Company through an investment made last year. Outside of Japan, eBay has generally been successful with its overseas ventures. In the fourth quarter, for instance, eBay's international businesses posted an operating profit for the first time and accounted for 18 percent of the company's overall revenue. Despite its overall success, eBay couldn't keep pace in Japan, where its site trailed far behind Yahoo's market-leading site. Bo Shao and Haiyin Tan, both Chinese entrepreneurs educated in the United States, founded EachNet in August 1999. The company has 3.5 registered users. The investment will not have a material effect on eBay revenue, expenses or net income, eBay said. --Troy Wolverton, Special to ZDNet News

March 18, 2002 by

Apple reports higher Q3 sales but lower profit

US$200 million earned in the third quarterPALO ALTO, CALIFORNIA, 21 July 2000 (MaxisNet) - Apple Computer Inc has reported higher third-quarter sales and operating earnings, but said its net income declined because of higher investment gains a year earlier.

July 28, 2000 by

Japan's Softbank, IFC plan Net growth fund

TOKYO - High-flying Japanese software house Softbank Corp and World Bank division International Finance are setting up a $500 million investment fund to help build the digital economy in developing countries.The investment venture aims to help start-up Internet companies in 100 developing countries and will be called Softbank Emerging Markets, the organisations said at the weekend.

July 28, 2000 by

Japan's Softbank, IFC plan Internet growth fund

TOKYO -- High-flying Japanese software houseSoftbank Corp and World Bank division International Finance Corpare setting up a $500 million investment fund to help buildthe digital economy in developing countries. The investment venture aims to help start-up Internet companies in 100 developing countries and will be called Softbank Emerging Markets, the organisations said at the weekend.

February 12, 2000 by

US Report: Fee-based finance sites on a roll

The steady progress of some fee-based online financial news suggests that if there's one thing Netizens are willing to pay for, it's investment advice, according to officials from some of the most successful finance sites.

May 8, 1998 by

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