Former Shell chairman Sir Philip Watts who stood down after the firm’s oil reserves estimates were dramatically cut has received a £1m ($1.8m) pay-off.
Shareholders were highly critical of Sir Philip who headed exploration and production at the time when most of the reserves in question were booked
Jean-Marie Messier, former chief executive of French media giant Vivendi Universal, has been taken into custody.
Mr Messier is being questioned as part of an investigation into “financial misappropriation”, Paris police said.
The arrest follows a probe into Vivendi ex-finance chief Guillaume Hannezo launched earlier this month
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
Thousands of workers at the engineering giant Siemens have staged rallies throughout Germany in protest against the threat of jobs moving abroad.
“Staff have been told to work 40 hours instead of 35 a week for the same pay or else production will go elsewhere,” a union official told BBC News Online.
Hartwig Oertel of IG Metall said staff walked out of their factories on Friday and held rallies for an hour or so
Shift workers are more likely to suffer from depression or end up in a car crash because of exhaustion brought on by irregular hours, a report has said.Working unpredictable hours also causes other problems such as insomnia and memory lapses, according to the survey by insurance group Zurich. One in seven people questioned who did […]
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
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
TRAGEDY struck at Afam in Oyigbo local government area of Rivers State Sunday as over 29 persons were killed in a fire outbreak at Shell oil well in the area.
A source told Daily Champion that the fire was caused by a disagreement among indigenes of the three communities in Afam over the sharing formula for “royalties” from the illegal bunkerers who have turned the Shell oil well head into an illegal bunkering.
The three communities had been contesting the ownership of the land on which the well head is sited with each insisting on taking the lion’s share of the booty
A production company sued Sony Pictures and its Columbia Pictures division, alleging the studios shortchanged the firm on receipts from the 1970s film “The Lords of Flatbush,” court documents state.
The suit filed Monday in Los Angeles Superior Court by Ebbets Field Film Co. claims breach of contract and violation of the business and professional code
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