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Complaint threatens auction business

Solicitor Charles Alexander, who helped draft the complaint, told the program the practices of Mr Menzies's auction businesses "have the potential to be misleading and deceptive conduct contrary to the provisions of the Trade Practices Act".

The practices are alleged to include selling and rebuying the same paintings at auction, publishing questionable provenance notes for paintings in catalogues and obscuring ownership details.

Academic and art valuer Meaghan Wilson-Anastasios said if the industry claims about Mr Menzies were true, "then he has dramatically inflated the Australian art market, and with it inflated buyer confidence".

She told the program: "If he's done that to advance the interests of his auction houses, then that buyer confidence has in a sense been artificially inflated. more

Practical skills that now support philanthropy

She is now business development manager at Acumen Fund, which uses philanthropic funds to identify and support entrepreneurs serving poor markets. But before making the transition to the more entrepreneurial side of the non-profit sector, she decided to take an MBA: “I wanted the practical skills in business, from marketing to operations and statistics."

She chose the Ross School of Business at the University of Michigan. In addition to the fact that she had been an undergraduate there, she was also drawn by the presence on the school's faculty of C.K. Prahalad, a pioneer of the “bottom of the pyramid" business model that targets the world's poorest people.

Today, Ms Miller says she can apply what she learned to her work at Acumen Fund. “Coming from a non-profit background, you don't have that rigour of the private sector with training and mentoring," she says. more

VillageEDOCS' MessageVision Subsidiary Releases Enhanced Versions

For inbound faxes or any type of document, MessageManager is designed to streamline the processing and managing of your vital business information.

Desktop MessageManager represents a new generation of software for clients to send documents from their PCs to MessageVision SaaS offering. Desktop MessageManager is fully compatible with Windows Vista and operates in 32 bit and newer 64 bit environments. In addition, MessageManager now gives users more flexibility and a wider choice of operating systems as they use the service to handle any document that needs to be moved.

In conjunction with these new and enhanced product offerings, MVI also introduced MessageManager Workflow, a Business Process Management component of its MessageManager document delivery suite. more

Review: HP iPAQ9 10 Scores For Business

For the handful of users not interested in the iPhone (whether for business reasons or a vanilla preference for good old Windows Mobile), HP is now shipping the HP iPAQ 910 Business Messenger. This is the smartphone for the serious business user.

The Test Center has looked at other members of the iPAQ family before. The 910 follows the other iPAQs in look and feel -- sleek, high-gloss black, and easy to hold. The fit and finish is of high quality and the 910 doesn't get very hot to touch, a very important criterion for a handheld device.

Measuring 4.5 x 2.5 x 0.6-inches and weighing 5.4 oz, the 910 is average size. Much slimmer than the Palm Treo, slimmer but wider than the new Centro, a little thicker and about an ounce heavier than the BlackBerry Bold, it's slightly thicker than the iPhone 3G. more

GE sells Japanese loans business for $5bn

The sale of the US giant's Japanese loan, credit card and mortgage business is the latest sell off by GE, which has been looking to dispose of mature businesses to concentrate on long-term growth.

GE has been under pressure to reduce its diverse offering, which spans credit cards to jet engines to television broadcasting, after reporting an unexpectedly disappointing 5.8 per cent profits decline in the first quarter. Profits were down in four of GE's six units, with the financial services division suffering particularly badly in the wake of the credit crunch.

The sale of the Japanese consumer finance business will complete by the end of September and includes the Lake personal loan business, and wholly-owned credit cards and mortgages sold under the GE consumer finance brand and subsidiaries. more

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