US drugmaker Bristol-Myers Squibb and a subsidiary have agreed to pay more than $515m (£251.7m) to settle allegations of marketing certain drugs illegally.
The fines issued by the US Department of Justice mark the end of a probe into the firm’s drug pricing practices that began a number of years ago
Thames Water is facing a fine of more than £12m for “inadequate” reporting and customer service.
Water watchdog Ofwat said it planned to fine Thames £11.1m for failing to provide “robust information”
Microsoft has lost its appeal against a record 497m euro (£343m; $690m) fine imposed by the European Commission in a long-running competition dispute.
The European Court of First Instance upheld the ruling that Microsoft had abused its dominant market position.
A probe concluded in 2004 that Microsoft was guilty of freezing out rivals in server software and products such as media players
Almost a third of the UK’s 700 biggest businesses paid no corporation tax in the 2005-06 financial year while another 30 per cent paid less than £10m each, an official study has found. Of the tax paid by these businesses, two-thirds came from just three industries – banking, insurance and oil and gas – while […]
Computer company Dell has said it will restate four year’s worth of accounts because figures were tweaked so that the firm could meet earnings targets.
Dell said that the changes would cut about $150m (£75m) from its net profit, less than many analysts had predicted.
An audit found that “certain adjustments appear to have been motivated by the objective of attaining financial targets”, Dell explained
British Airways has been fined about $550 (£270m) after it admitted collusion in fixing the prices of fuel surcharges.
The US Department of Justice has fined it $300m (£148m) for colluding on how much extra to charge on passenger and cargo flights, to cover fuel costs.
It followed a decision by the UK’s Office of Fair Trading to fine BA $250m (£121
Joseph Nacchio, the former boss of Qwest Communications, has been sentenced to six years in jail for insider trading.
He has also been ordered to hand over the $52m (£25m) he made from illegal stock trading and has been fined $19m.
Nacchio was found guilty of selling shares ahead of bad corporate news, and hiding information from investors
Intel abused its dominant position in Europe by giving customers incentives to favour its products over those of its main competitor, regulators allege.
The initial findings of a probe by the European Commission has concluded the chip firm engaged in anti-competitive action to thwart principal rival AMD.
Regulators have the power to fine Intel up to 10% of annual turnover if they find it guilty of stifling competition
A US federal judge has ruled that two banks and two auditors will not need to face charges over the collapse of Italian dairy firm Parmalat in 2003.
US district judge Lewis Kaplan said much or all of the alleged improper conduct took place outside of the US.
Citigroup, Bank of America, Deloitte Touche Tohmatsu and Grant Thornton will now not need to face charges, he said
The US Occupational Safety and Health Administration (OSHA) has said it will fine BP $92,000 (£44,700) for breaches after a fatal blast in Texas in 2005.
The explosion and fire at BP’s Texas City refinery killed 15 people and injured 180 staff.
The citations, including one for a violation OSHA said may have led to another major accident, come from its post-blast monitoring of the plant