Court Imposes $500,000 fine over Telecom

The Auckland District Court has fined $500,000 to Telecom New Zealand for infringing the Fair Trading Act to woo customers.

The latest verdict is being seen a warning for other operators who have been placing misleading advertisements about their offerings despite the Commerce Commission's repeated warnings against such exercises.

Telecom has been found guilty to 17 charges including one related to advertising of Xtra's Go Large broadband plan in 2006 in which the firm claimed "unlimited data usage and all the internet you can handle".

Emissions Trading Scheme Passed By NZ Parliament

After a reportedly aggressive and fierce debate, the New Zealand Parliament has finally passed the emissions trading scheme which is expected to give the UN climate talks that are to be held in Copenhagen in the coming month, a definite boost.

The parliamentary commissioner for the environment of New Zealand had actually pleaded to the members of the parliament not to vote in favor of the bill as it did not have any possibility of reducing the emissions of the greenhouse gases. But the bill was passed nonetheless to give the UN climate talks an edge.

Government’s Healing Touch for James Hardie victims

Government’s Healing Touch for James Hardie victims

The New South Wales and Federal Governments, after listening to heartfelt pleas from asbestos victims, are lending James Hardie more than $300 million to make sure asbestos victims receive compensation.

The joint federal and NSW government cash injection comes months after James Hardie advised in April that it was not in a position to meet its 2007 commitment to compensate to victims and would be unable to contribute to the original $1.8 billion Asbestos Injuries Compensation Fund this year.

FDA Determined to Put an End to Illegal over The Counter Drugs

The U. S. Food and Drug Administration (FDA) warned on Thursday that "Stiff Nights", a product marketed as a dietary supplement for sexual enhancement, contains an ingredient that can dangerously lower blood pressure and is illegal.

Following a consumer complaint, the FDA determined that the product contains sulfoaildenafil. This is a chemical similar to sildenafil, the active ingredient in Viagra. Sulfoaildenafil may interact with prescription drugs known as nitrates, including nitroglycerin, and cause dangerously low blood pressure.

FDA Warns Online Retailers against Selling Flavored Cigarettes

FDA Warns Online Retailers against Selling Flavored Cigarettes

On Friday, the Food and Drug Administration sent out a warning to several web based companies to stop the sale of banned flavored cigarettes to American customers immediately. Letters were sent this week to over a dozen online retailers which stated that they were violating a latest ban.

Convicted Spammer to Pay $711 Million to Facebook

Convicted Spammer to Pay $711 Million to Facebook

A California court has awarded the popular social networking website Facebook damages worth $711 Million in an anti-spam suit filed by the networking portal against Sanford Wallace, who was the main alleged spammer, along with Adam Arzoomanian and Scott Shaw. Although the monetary damages have been awarded, the networking website is hoping that an addition criminal action would send him behind bars.