Search-engine firm Google’s $90m (£48m) settlement in a “click fraud” case has been approved by a US state judge.
The legal action was initially brought by Lane’s Gifts and Collectibles in February of 2005, but was later changed to a class-action, or group, case.
Advertisers had complained that Google was falsely charging the firms for channelling clients to their websites
Former Worldcom boss Bernard Ebbers has lost his appeal against his conviction and 25-year prison sentence for fraud and conspiracy.
A federal appeals court in New York on Friday upheld the guilty verdict passed by the jury in Mr Ebbers’ original trial back in March 2005.
The convictions against Mr Ebbers relate to his part in an $11bn (£6bn) accounting fraud at the telecoms firm
Royal Bank of Scotland (RBS) has announced that it is to install 300 free-to-use cash machines in some of the UK’s poorest locations.
The bank said it wanted to make cash easily available to poorer consumers.
Citizens Advice recently warned that many poorer parts of the UK were becoming cash machine “deserts” as banks closed branches
LONDON (Reuters) – The Serious Fraud Office is to investigate Southern Water for misleading regulators over its customer service standards, the company said on Wednesday.
Privately held Southern Water, whose biggest shareholders include Royal Bank of Scotland, already faces a fine from water regulator Ofwat for supplying incorrect figures.
Southern Water told Ofwat and the SFO last year that it had uncovered discrepancies during the installation of a new customer billing system
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
North American wheat farmers are seeking $1bn (£540m) in damages from Australian wheat exporter AWB, claiming it has used corruption to win business.
They have filed a class action in Washington, using US anti-racketeering laws designed to fight organised crime.
AWB is accused of using bribery and corrupt means to win grain sales in Iraq, Yemen, Pakistan and Indonesia, at the expense of US and Canadian farmers
BBC executives have been awarded significant pay increases, the corporation’s annual report has said.
The revelations come amid job cuts at the corporation, with unions warning that staff could strike as a result.
Director general Mark Thompson’s salary rose to £609,000 in 2005-6, with his deputy Mark Byford receiving £403,000
The list is itemised – cash, mobile phones, cars, holidays, golf club memberships – breaking down the millions spent by corrupt businessmen and officials from Indonesia’s state bank on police, judges and officials.
For nearly two years, a scandal surrounding inquiries into a $A200 million fraud within Bank Negara Indonesia has threatened to spread to the top of the nation’s police and judiciary.
Although several senior police are facing charges over the affair, the discovery of a detailed list of nearly $4 million worth of bribes will put pressure for tough action on President Susilo Bambang Yudhoyono, who has initiated an anti-corruption campaign
South Korean prosecutors have raided the offices of Korea Exchange Bank (KEB) as part of a probe dating back to its 2003 sale to a US investment fund.
The probe is looking into allegations that KEB figures were manipulated so it could be sold quickly and cheaply.
Lone Star Funds bought KEB for 1