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Vedior: France in probe of staffing firms

Manpower and Vedior, the world’s second and third-largest staffing firms, are being investigated in France for alleged competition law infringement.

A spokeswoman for Manpower said the US firm was unsure what it was alleged to have done wrong, but was co-operating with French authorities.

Dutch company Vedior said it could not fully comment until investigations were completed

Manpower Inc: France in probe of staffing firms

Manpower and Vedior, the world’s second and third-largest staffing firms, are being investigated in France for alleged competition law infringement.

A spokeswoman for Manpower said the US firm was unsure what it was alleged to have done wrong, but was co-operating with French authorities.

Dutch company Vedior said it could not fully comment until investigations were completed

Halliburton faces ‘payment cut’

A US government auditor has backed a Pentagon recommendation to withhold payments to controversial US giant Halliburton over its work in Iraq.

Stuart Bowen, who is reviewing US spending in Iraq, says he supports proposals for the army to hold back 15% of monthly payments on future invoices. It follows a dispute over bills which officials say lack proper records

Ex-Mitsubishi heads deny cover-up

The former chief of Japanese carmaker Mitsubishi Motors has denied criminal charges that he conspired to cover up defects which led to a fatal accident.

Former president Katsuhiko Kawasoe and ex-vice president Takashi Usami are on trial in Yokohama, near Tokyo.

Mitsubishi has admitted that it covered up the clutch problem which led to the death of a truck driver in 2002

GSK faces anti-depressant lawsuit

GlaxoSmithKline (GSK) is facing a US lawsuit alleging that it covered up negative research findings on its anti-depressant drug Paxil.

The lawsuits were filed on behalf of children and teenagers who were prescribed Paxil, known as Seroxat in the UK and Europe.

They claim GSK suppressed data showing that Paxil increased suicidal tendencies in young people

US Army suspends Halliburton decision

The US army has said it has suspended for now a decision to withhold some payments to Halliburton, its biggest contractor in Iraq.

The army had earlier said it would be withholding 15% of payments on future bills to Halliburton, once run by US Vice-President Dick Cheney.

One of its subsidiaries has featured in auditing disputes with the Pentagon

AIB to pay up for exchange flaws

Allied Irish Bank (AIB) has confirmed it will repay foreign exchange customers it accidentally overcharged during an eight year period.

AIB has set aside 35m euros (£23m; $43m ) to reimburse them, more than double the original estimate of 14m euros.

The bank has been facing a number of problems since it emerged in May that it had levied a higher transaction margin than was agreed with regulators

Board to agree pay cut in car row

German-US car giant DaimlerChrysler is offering to cut executive pay in order to end a dispute over cost cuts.

Staff at the firm’s German plants have downed tools in protest at the plans to move jobs abroad unless 500m euros ($620m; £330m) in savings can be found.

But now the company says that its board members will accept a cut in pay if employees back down

Philip Morris pays $1.25bn to settle case

The European Union on Friday dropped money-laundering and smuggling claims against Philip Morris International in a $1.25bn settlement it claimed could herald similar deals with other tobacco companies.

The EU legal team, which is pursuing RJ Reynolds and Japan Tobacco in the US courts, believes the deal with the makers of Marlboro cigarettes is a benchmark for future settlements

Yukos forced to pay $3bn tax bill

A Moscow court has ruled that Russian oil giant Yukos will have to pay almost 100bn roubles ($3.4bn: £1.9bn) in back taxes to the Russian authorities