US cable TV millionaire John Rigas and his son Timothy have been found guilty of 18 counts of fraud and conspiracy.
The elder Mr Rigas co-founded Adelphia Communications in 1952 and grew it into the fifth biggest US cable TV operator.
Adelphia went bust in 2002 with debts of $7bn (£3
Bank One Corp has agreed to pay penalties of $90m after an inquiry into improper stock trading.
The US Securities and Exchange Commission and New York’s attorney general both announced settlements with Bank One late on Tuesday.
Mark Beeson, ex-head of Bank One’s mutual funds unit, was fined $100,000 and banned from trading for two years
Microsoft has been given preliminary approval to settle a class-action anti-trust case in Arizona by giving away $105m (£57m) in computer vouchers.
The software giant had been accused of using its monopoly position to over charge for its software.
Under the deal businesses and homes who bought Microsoft products between January 1996 and January 2002 will get vouchers of up to $24 each
Kenneth Lay, Enron’s former chief executive, has spoken out for the first time since the 2001 scandal that shook corporate America to the core.
Mr Lay blamed the fraud on his finance chief, claiming to be one of the 98% of Enron employees who were “good, honest, hardworking individuals”.
Prosecutors have been trying to build a case against Mr Lay for over two years
Halliburton said it has terminated its relationship with an ex-chairman of its Kellogg, Brown and Root subsidiary over financial impropriety.
KBR is being investigated by the US stock market regulator over allegations it paid bribes for Nigerian gas deals.
Halliburton said it had severed ties with Jack Stanley, who had worked as a consultant since retiring in December 2003, and another person, over Nigeria
A man who says he was fired by Caterpillar Inc. because he wasn’t able to urinate for a drug test sued the equipment giant, alleging discrimination.
The plaintiff said Wednesday he suffers from paruresis, more commonly known as shy bladder syndrome, and was physically unable to urinate into a specimen cup, despite having drunk 40 ounces (1
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
Under intense scrutiny over billing and contracts related to the war in Iraq, Houston-based Halliburton Co. has once more come under the watch of the U.S
CHICAGO (Reuters) – Nine current and former employees of Lucent Technologies Inc. and another individual on Monday were charged with securities fraud for their roles in accounting problems at the telecommunications equipment maker.
The civil case dates back to the company’s fiscal year 2000, during which the U
TORONTO (Reuters) – A U.S. grand jury has subpoenaed records from Nortel Networks Corp