Microsoft has been fined 280.5m euros ($357m; £194m) by the European Commission for failing to comply with an anti-competition ruling.
The software giant will appeal against the fine which follows a long-running dispute between it and EU regulators
Halliburton’s lucrative logistics contract with the US Army is to come to an end, the military has said.
The army said it would seek new bidders for the multi-billion dollar deal to provide support services to US troops around the globe.
Halliburton, once led by US vice president Dick Cheney, has recently come under fire for landing expensive, non-competitive government contracts
Yahoo has settled a lawsuit filed by Checkmate Strategic Group which alleged that the search firm provided insufficient protection against click fraud.
Under the terms of the settlement Yahoo will pay roughly $5m to offset Checkmate’s legal fees, and has promised to look at its advertising terms and conditions.
Click fraud involves individuals using scripts or manually clicking on pay-per-click advertisements for financial gain
Bankrupt cable TV operator Adelphia Communications Corp. sued Motorola Inc. this week for more than $1 billion, alleging that the Schaumburg-based company assisted in the fraud that led to Adelphia’s collapse in 2002
The fast food chain KFC is being sued in the US in a bid to stop it cooking fried chicken in partially hydrogenated oil containing trans fatty acids.
The fats have been linked to raised cholesterol and a subsequent increased risk of heart disease.
The case is being brought by the consumer group Centre for Science in the Public Interest, which says KFC could use healthier cooking products
Manufacturer United Technologies will pay the US Department of Defense $283m (£152m) after a probe into its handing of contracts over 20 years.
The US company’s Pratt & Witney jet engine unit is settling a claim for work over-charged through its accounting system.
United said the bill was larger than anticipated, but would have little impact on its 2006 financial results
Exxon Mobil investors have defied the oil company’s board and approved a resolution that says directors should be chosen by a majority vote.
The non-binding vote came at Exxon’s annual shareholders’ meeting in Dallas.
It represents a victory for investors angered by the retirement package of ex-chairman and chief executive Lee Raymond, according to analysts
Time Warner Inc., its AOL subsidiary and auditor Ernst & Young have agreed to pay $23 million to settle a lawsuit accusing them of defrauding a Pennsylvania pension fund for teachers and state workers.
The suit, filed in February 2004, claimed that the companies overstated revenue and subscriber figures after the merger of New York-based Time Warner and America Online Inc
Former Enron bosses Ken Lay and Jeffrey Skilling have both been found guilty on fraud, conspiracy and other charges.
A spokesman for President George W Bush said the verdict should be seen as a warning to other corporate criminals and applauded the decision.
As the verdict was read Skilling looked down, while Lay sighed heavily and shook his head as his sobbing wife Linda clutched his arm tightly
Tyre maker Firestone has been accused of buying rubber from plantations that are illegally occupied by former combatants from Liberia’s civil war.
It is one of three companies that the Liberian government and the United Nations have accused of profiting from the illegal rubber-tapping.
Their report says human rights are being violated at plantations across the West African country