The US Department of Justice is investigating allegations of price fixing by top music labels on their charges for digital downloading.
The inquiry mirrors an ongoing probe by New York attorney general Eliot Spitzer into what the industry charges firms such as Apple to sell music online.
Labels have been at loggerheads with Apple over what it charges for tracks sold through its iTunes online service
Coca-Cola warned the British education secretary it might withdraw its vending machines network from schools over her ban on “junk food”, letters show.
The company told her last November that the proposed ending of fizzy drinks sales would make the business unviable.
It said schools would lose money and pupils would suffer from the removal of such “a highly efficient country-wide beverage distribution system”
Three non-executive directors of China Aviation Oil (CAO) have pleaded guilty in Singapore to insider dealing charges and failing to disclose losses.
Jia Changbin, Gu Yanfei and Li Yongji now face sentencing on Thursday.
Last month, Peter Lim, CAO’s former finance chief, was given two years in prison and fined over one of Singapore’s biggest business scandals
Enron regularly used money from its reserves to manipulate profits, a former senior executive at the US energy firm has testified.
David Delainey told the trial of former Enron bosses Ken Lay and Jeffrey Skilling that hiding losses was “standard operating procedure”.
“At Enron, we tended to be pretty fast and loose with its rules,” he said
Enron boosted its earnings by dipping into reserve accounts, a former chief accountant at a unit of the scandal-hit energy company has testified in court.
Wesley Colwell claimed that he shifted $14m (£8m) from one account onto Enron’s balance sheet so that the firm could beat Wall Street profit targets.
Prosecutors are trying to prove that Enron’s former bosses manipulated accounts to boost its share price
A Nigerian court has ordered oil giant Shell’s local operation to pay $1.5bn to the Ijaw people of the Delta region.
The Ijaw have been fighting since 2000 for compensation for environmental degradation in the oil-rich region
Insurance broker Xsavi has had its permission to trade cancelled by the Financial Services Authority (FSA).
The broker, which is now insolvent, sold travel insurance to 2,000 consumers without having an underwriter in place.
As a result, consumers travelled abroad unaware that if something went wrong they could have been left in the lurch
Google has denied accusations that its new Chinese-language search engine is operating without a licence.
It follows a report in the Beijing News that Google did not have the correct paperwork for its China site.
The web giant has rejected the allegation, saying it was operating under the licence of its business partner, Ganji
Peter Lim, ex-finance chief of China Aviation Oil (CAO), has been given two years in prison and fined over one of Singapore’s biggest business scandals.
CAO, China’s monopoly jet fuel trader, accumulated $550m (£317m) in losses in oil derivatives trading.
Lim was imprisoned for cheating, an offence under the Penal Code, and fined 150,000 Singapore dollar($92,000) for an offence under the Securities Act
The US mining giant Newmont has agreed to pay Indonesia $30m in an out-of-court settlement over alleged pollution in North Sulawesi.
The money will be paid over 10 years to fund environmental monitoring and community development.
The Indonesian government will drop a civil case against Newmont, but a criminal trial of a top local executive will continue