Severity: NONE Archives - Page 51 of 53

Rumsfeld orders wider probe of Boeing tanker deal

January 21, 2004/0 Comments/in Boeing /by ceadmin

WASHINGTON (Reuters) – Defense Secretary Donald Rumsfeld has ordered the Pentagon’s in-house watchdog to expand its investigation into the Boeing Co. tanker deal to see if a former Air Force acquisition official’s job search affected other contracts, officials said Tuesday.

Rumsfeld also asked Pentagon General Counsel Jim Haynes, the chief ethics officer, to review rules aimed at preventing abuses when top officials seek jobs in the defense industry after they leave the government, a Pentagon spokeswoman said

Indian parliament bans Coke from Cafeteria

January 21, 2004/0 Comments/in Coca Cola /by ceadmin

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

JP Morgan Insider Trading

January 20, 2004/0 Comments/in JP Morgan Chase /by ceadmin

WASHINGTON Securities regulators are examining a surge in options trading just before Wednesday’s announcement that J.P. Morgan Chase agreed to buy Bank One for $58 billion, according to people familiar with the situation

LG Cable Insider Trading

January 20, 2004/0 Comments/in LG Cable /by ceadmin

The nation’s leading civic group on Tuesday filed a complaint with the prosecution against 25 executives of LG Cable on suspicion of illegal insider trading.

The 25 individuals of the LG family, including Koo Cha-yol, vice chairman of LG Cable, sold more than three million shares of LG Card before the credit card affiliate fell into severe financial trouble in November.

The People’s Solidarity for Participatory Democracy (PSPD) insisted that the LG Group families could have avoided great losses as they sold off LG Card stocks after accessing insider information on the card unit’s financial health

Levi-Strauss to settle out of court

January 8, 2004/0 Comments/in Levi-Strauss /by ceadmin

This month, the last of three lawsuits over sweatshop conditions on the U.S. island of Saipan came to a close

£1.5bn Tax Bill

January 8, 2004/0 Comments/in GlaxoSmithKline /by ceadmin

Drug giant plans court challenge against tax authorities in long-running dispute over profit allocation, writes Rosie Murray-West

Glaxo Smithkline, the drug giant, yesterday revealed that it had received a £1.5billion bill from the US tax authorities and estimated it could also owe £1.4 billion in interest unless it wins a case against them

Pfizer claims Britons denied treatment

January 7, 2004/0 Comments/in Pfizer /by ceadmin

LONDON, Jan 7 (Reuters) – Britons suffering from Alzheimer’s disease are being denied drugs that can delay disease progression, according to a study by drugmaker Pfizer Inc (nyse: PFE – news – people) showing significant regional variations in spending.

The company, which co-markets Alzheimer’s treatment Aricept with Japan’s Eisai Co Ltd <4523.T>, said that although overall spending on anti-dementia drugs had increased significantly in the UK, some health authority areas spent four times as much as others

Pfizer to use DART for online campaigns

December 26, 2003/0 Comments/in Pfizer /by ceadmin

NEW YORK, Jan. 8 /PRNewswire-FirstCall/ — DoubleClick Inc. (Nasdaq: DCLK),

the leading provider of tools for advertisers, web publishers and direct

marketers today announced that Carat Interactive, a leading global media

agency, has agreed to exclusively use DoubleClick’s ad management system,

DART(R) for Advertisers, on behalf of Pfizer Inc in order to deliver, report

on and measure its online marketing and advertising campaigns

US exchange sued by pension fund

December 15, 2003/0 Comments/in NYSE /by ceadmin

The US’s largest pension fund, Calpers, has sued the New York Stock Exchange and seven specialist trading firms alleging trading abuses.

The lawsuit said improper trading by the specialist firms went unchecked by the NYSE.

“We are filing today a landmark lawsuit to recover losses and to right a serious wrong that exists at the New York Stock Exchange,” Calpers said

State Tax Report

December 4, 2003/0 Comments/in Pfizer /by ceadmin

In a decision that reinforces the states right to tax companies on all transactions, Chancellor Carol McCoy ruled against Pfizer, Inc., in its lawsuit against Tennessee Commissioner of Revenue Loren Chumley.

Pfizer has misconstrued the statutory classifications, McCoy said in her judgment

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