Utility firm Transco has been fined £15m – a UK record – after being convicted on a charge arising from an explosion which killed four people.
Andrew and Janette Findlay and their children Stacey, 13, and Daryl, 11, died in the explosion in Larkhall, South Lanarkshire, in December 1999.
Transco was found guilty after a six-month trial in Edinburgh of breaching health and safety laws
US watchdogs have charged two ex-top executives of Kmart with fraud in the lead up to the retailer’s bankruptcy.
The Securities and Exchange Commission (SEC) has accused ex-chief executive Charles Conway and ex-finance chief John MacDonald of misleading investors.
The men made “materially false” statements about Kmart’s ability to pay its bills in the lead up the firm’s bankruptcy in 2002, the SEC alleged
The world’s largest internet service provider America Online (AOL) has vowed to reform its customer service after agreeing to settle a US lawsuit.
It follows an investigation by New York state attorney general Eliot Spitzer into complaints that AOL ignored people who wanted to cancel the service.
AOL will provide refunds to all the 300 customers who complained and will pay New York State $1
Two former directors of US drug company Bristol-Myers Squibb are been sued for civil damages after being accused of masterminding a $1.5bn ($833m) fraud.
The Securities and Exchange Commission watchdog alleges that Frederick Schiff and Richard Lane devised a scheme to inflate sales and profits at the firm
A former employee of Halliburton subsidiary KBR has admitted taking $110,300 (£61,225) in bribes from an Iraqi firm it awarded a US contract.
The $609,000 contract was to renovate warehouse and office space in Iraq.
Glenn Allen Powell – whom KBR has fired – faces up to 20 years in jail and a fine of up to $1
Singapore’s central bank has fined the owner of China Aviation Oil (CAO) for selling shares in the crisis-hit firm a month before its collapse.
Beijing’s China Aviation Oil Holding Company was ordered to pay 8m Singaporean dollars ($4.8m; £2
Drinks giant Coca-Cola has been ordered to close one of its largest bottling plants in India for breaching environmental regulations.
Closure with immediate effect has been ordered by the Pollution Control Board of the southern state of Kerala.
The plant in the village of Plachimada is one of 27 that the soft drinks company has in India
Two former officials from Conrad Black’s media empire have been charged with allegedly diverting $32m (£17m) through bogus newspaper deals.
David Radler, ex-president of Hollinger International and Hollinger’s in-house lawyer Mark Kipnis face seven counts of fraud.
The two were indicted together with Conrad Black’s bankrupt holding company Ravelston Corporation
US financial regulators have named more defendants in a case involving alleged insider trading of shares in sports gear maker Reebok International.
“We have named eight additional defendants today,” said the Securities and Exchange Commission (SEC).
One of the them is the nephew of a retired Croatian woman accused of insider trading in Reebok options
P Morgan Chase has agreed to pay about $1bn (£554m) to settle claims that it contributed to the collapse of former energy trader Enron four years ago.
The bank will pay $350m in cash and meet claims totalling another $660m.
Enron has previously asserted that 10 banks aided and abetted in its collapse, but the settlement is the first with a US bank