A Minnesota seniors group sued nine major pharmaceutical manufacturers on Wednesday, alleging that the companies have conspired to keep U.S. medicine prices artificially high by blocking Canadian imports
A production company sued Sony Pictures and its Columbia Pictures division, alleging the studios shortchanged the firm on receipts from the 1970s film “The Lords of Flatbush,” court documents state.
The suit filed Monday in Los Angeles Superior Court by Ebbets Field Film Co. claims breach of contract and violation of the business and professional code
TRAGEDY struck at Afam in Oyigbo local government area of Rivers State Sunday as over 29 persons were killed in a fire outbreak at Shell oil well in the area.
A source told Daily Champion that the fire was caused by a disagreement among indigenes of the three communities in Afam over the sharing formula for “royalties” from the illegal bunkerers who have turned the Shell oil well head into an illegal bunkering.
The three communities had been contesting the ownership of the land on which the well head is sited with each insisting on taking the lion’s share of the booty
TORONTO (Reuters) – A U.S. grand jury has subpoenaed records from Nortel Networks Corp
Halliburton Co. inched closer to settling all asbestos liabilities Monday with completion of hearings in Pittsburgh to confirm the pre-negotiated bankruptcy for subsidiary DII Industries.
The company expects U
NEW YORK (Reuters) – Merck & Co Inc. said Friday the Internal Revenue Service could make it pay more than $2 billion in taxes and penalties because of the agency’s decision to disallow deductions the drug maker has claimed since 1993 from a partnership.
Investors initially appear unconcerned by the tax issue as Merck (MRK: down $0
Allied Irish Bank, Ireland’s biggest banking group has admitted overcharging foreign exchange customers 14m euros.
The Irish Financial Services Regulatory Authority said they are investigating and is in talks with the bank to make reparations get underway.
AIB is examining how compensation can be appropriately paid to customers
NEW YORK (Reuters) – Prudential Financial Inc., the second largest U.S
ROME : Italian finance police searched Rome offices of the bank Capitalia in connection with the collapse of the food groups Cirio and Parmalat, judicial sources said.
The search was ordered by Parma’s public prosecutor and concerns the sale of the dairy group Eurolat by Cirio to Parmalat in 1999, the source added.
Parmalat founder Calisto Tanzi and his financial director Fauso Tonna have alleged to magistrates that they were forced by Capitalia chairman Cesare Geronzi to buy Eurolat at an inflated price so that the bank, formerly Banca di Roma, could recover money owed it by Cirio
the software company under investigation for its accounting, Thursday said it will revise its filings for the second half of 2003 to defer recognition of about $9 million in revenue, due to an adjustment in the way the company calculates subscription revenue.
The Islandia-based software company also said it will report results for the fiscal fourth quarter ended March 31 up to two weeks later than planned, due to the work involved in the restatement.
Computer Associates was set to report fourth-quarter and full-year fiscal 2004 results May 12