An advisor to shareholders on corporate governance issues has questioned Warren Buffett’s independence as a director of soft drinks giant Coca-Cola.
Institutional Shareholder Services (ISS) has urged investors not to re-appoint Mr Buffett, citing his business links to the company.
Coca-Cola dismissed the complaint and called Mr Buffett “a man of unimpeachable integrity”
Software giant Microsoft has agreed to pay $440m to settle a legal row over its use of anti-piracy patents.
It struck the deal with California based InterTrust Technologies, a maker of software to protect online delivery and payment for films and music.
The agreement comes one week after Microsoft paid $1
Intel, the world’s biggest maker of computer chips, has confirmed that Japan’s Fair Trade Commission raided its offices there on Thursday.
“We’re aware of the fact that the authorities paid us a visit,” said Intel spokesman Tom Beerman.
“We’re co-operating fully with their investigation,” he added
French police have searched the offices of the country’s stock market regulator as part of a probe into an allegedly illegal shares buyback by Vivendi.
The French conglomerate is under investigation for illegally buying back its own stock in the aftermath of the September 11 attacks in America.
It is claimed the company, which has previously faced fraud charges in the US, wanted to maintain its share price
The Pentagon is to withhold 15% of the payments it owes controversial firm Halliburton for the company’s supply of meals to US troops in Iraq.
A Pentagon spokeswoman said the 15% – some $300m (£165m) – will not be paid until auditors have established the actual final cost of the food.
It comes as US criminal investigations continue into whether Halliburton has overcharged the Pentagon for the meals
Florida’s Medicaid program will receive $807,826 from pharmaceutical company AstraZeneca as a result of a settlement with the attorney general.
Attorney General Charlie Crist says the company committed Medicaid fraud through the marketing and sale of the drug Zoladex for use in the treatment of prostate cancer.
Crist says AstraZeneca overcharged Medicaid for Zoladex by not including promotions, free goods, discounts, rebates and other reductions in the price paid by Medicaid
Shell could be facing a $1bn damages bill after it admitted overestimating oil reserves, according to a US lawyer.
Robert Schulman, who is launching a legal action on behalf of Shell investors, has told the BBC he thinks they have a “very good case”.
The oil giant admitted earlier this month that it had overstated its proven reserves by 20%
Pennsylvania Attorney General Pappert Recovers $11.1 Million for PA Medicaid Program in Settlements With Bayer and GlaxoSmithKline Over Allegations of Prescription Drug Pricing Fraud
HARRISBURG, Pa., Jan
Pennsylvania Attorney General Pappert Recovers $11.1 Million for PA Medicaid Program in Settlements With Bayer and GlaxoSmithKline Over Allegations of Prescription Drug Pricing Fraud
HARRISBURG, Pa., Jan
The Indian parliament has banned the sale of Coke and Pepsi products in its cafeteria. Indian parliamentarians should take the logical next step, and ban the sale of Coke and Pepsi products in the entire country.
The ban came as the result of tests, including those by the Indian government, which found high concentrations of pesticides and insecticides, including lindane, DDT, malathion and chlorpyrifos, in the colas, making them unfit for consumption