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Google click-fraud deal approved

Search-engine firm Google’s $90m (£48m) settlement in a “click fraud” case has been approved by a US state judge.

The legal action was initially brought by Lane’s Gifts and Collectibles in February of 2005, but was later changed to a class-action, or group, case.

Advertisers had complained that Google was falsely charging the firms for channelling clients to their websites

US Army to end Halliburton deal

Halliburton’s lucrative logistics contract with the US Army is to come to an end, the military has said.

The army said it would seek new bidders for the multi-billion dollar deal to provide support services to US troops around the globe.

Halliburton, once led by US vice president Dick Cheney, has recently come under fire for landing expensive, non-competitive government contracts

Microsoft hit with 280m euro fine

Microsoft has been fined 280.5m euros ($357m; £194m) by the European Commission for failing to comply with an anti-competition ruling.

The software giant will appeal against the fine which follows a long-running dispute between it and EU regulators

AWB faces $1bn US farms lawsuit

North American wheat farmers are seeking $1bn (£540m) in damages from Australian wheat exporter AWB, claiming it has used corruption to win business.

They have filed a class action in Washington, using US anti-racketeering laws designed to fight organised crime.

AWB is accused of using bribery and corrupt means to win grain sales in Iraq, Yemen, Pakistan and Indonesia, at the expense of US and Canadian farmers

S Korea raids KEB over sale worry

South Korean prosecutors have raided the offices of Korea Exchange Bank (KEB) as part of a probe dating back to its 2003 sale to a US investment fund.

The probe is looking into allegations that KEB figures were manipulated so it could be sold quickly and cheaply.

Lone Star Funds bought KEB for 1

KFC sued in US over cooking fats

The fast food chain KFC is being sued in the US in a bid to stop it cooking fried chicken in partially hydrogenated oil containing trans fatty acids.

The fats have been linked to raised cholesterol and a subsequent increased risk of heart disease.

The case is being brought by the consumer group Centre for Science in the Public Interest, which says KFC could use healthier cooking products

BP faces Alaska oil spill probe

British oil company BP could face a criminal investigation in the US over a massive oil spill in Alaska in March.

The Financial Times newspaper has obtained internal emails which show it is under investigation by a grand jury.

The emails reveal BP has been ordered to hand over a number of documents and other data relating to the leak thought to be caused by a corroded pipe

Black Hawk maker faces $283m bill

Manufacturer United Technologies will pay the US Department of Defense $283m (£152m) after a probe into its handing of contracts over 20 years.

The US company’s Pratt & Witney jet engine unit is settling a claim for work over-charged through its accounting system.

United said the bill was larger than anticipated, but would have little impact on its 2006 financial results

Exxon gives ex-boss $400m golden goodbye

Exxon Mobil investors have defied the oil company’s board and approved a resolution that says directors should be chosen by a majority vote.

The non-binding vote came at Exxon’s annual shareholders’ meeting in Dallas.

It represents a victory for investors angered by the retirement package of ex-chairman and chief executive Lee Raymond, according to analysts

EU smashes acrylic glass cartel

The European Commission has fined four firms 345m euros ($444m; £235m) for fixing prices and operating a cartel in the sale of acrylic glass products.

The punished companies were French group Arkema, British firms ICI and Lucite, and Irish business Quinn Barlo.

They were found to have fixed prices and exchanged sensitive information between 1997 and 2002