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
The chairman of Hyundai admitted to his role in setting up slush funds allegedly used to bribe politicians as the scandal surrounding the South Korean car maker claimed more victims.
“I admit my guilt, to a certain extent,” said Chung Mong-koo during his second appearance at his embezzlement trial.
However he was unable to help prosecutors further, replying to several detailed questions about the fund by claiming, “I don’t remember
US officials have accused ING Groep of failing to properly disclose fees it earned running a $180m (£98m) New Hampshire state retirement fund.
Regulators say the Dutch bank did not disclose conflicts of interest that may have affected investment choices.
The company denies the charges and said it was cooperating with authorities
British oil company BP could face a criminal investigation in the US over a massive oil spill in Alaska in March.
The Financial Times newspaper has obtained internal emails which show it is under investigation by a grand jury.
The emails reveal BP has been ordered to hand over a number of documents and other data relating to the leak thought to be caused by a corroded pipe
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
One of Austria’s biggest banks, Bank Fuer Arbeit und Wirtschaft (Bawag), is to pay $675m (£361m) to settle claims it helped a US brokerage commit fraud.
US authorities said the large payment was related to its dealings with the now defunct brokerage Refco.
As part of the deal Bawag admitted helping hide bad debt at Refco
A leading shareholder activist in Japan has been arrested after being drawn into the Livedoor scandal rocking the country this year, prosecutors say.
Fund manager Yoshiaki Murakami had said he had unwittingly violated insider trading laws in connection with a takeover initiated by Livedoor in 2005.
The former trade ministry official also said he would resign from his fund
A powerful insider breaks the banking industry’s code of silence and reveals how the High Street banks deliberately target their customers and push borrowing.Speaking exclusively to the BBC, this whistleblower is a key decision-maker involved in retail banking with one of the main High Street banks. Her past experience in every department – from strategy […]
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
The European Commission has fined four firms 345m euros ($444m; £235m) for fixing prices and operating a cartel in the sale of acrylic glass products.
The punished companies were French group Arkema, British firms ICI and Lucite, and Irish business Quinn Barlo.
They were found to have fixed prices and exchanged sensitive information between 1997 and 2002