Spider-Man creator Stan Lee is to get a multi-million dollar windfall after winning a court battle with comic book company Marvel.
A judge has upheld Lee’s demand for 10% of Marvel’s profits from the hugely successful Spider-Man films.
Spider-Man and its sequel made $1
Activists in India have held nationwide protests against multinational soft drink companies Coca-Cola and Pepsi.
Reports said thousands of protesters had gathered near manufacturing plants of the two firms and demanded that they stop production.
Activists want the firms to leave India because they say their plants deplete ground water – claims the soft drinks giants both strenuously deny
Activists in India have held nationwide protests against multinational soft drink companies Coca-Cola and Pepsi.
Reports said thousands of protesters had gathered near manufacturing plants of the two firms and demanded that they stop production.
Activists want the firms to leave India because they say their plants deplete ground water – claims the soft drinks giants both strenuously deny
The European Commission has started a formal inquiry into claims that BT has received illegal tax breaks in the UK worth billions of pounds.
The investigation, focusing on the way business rates are levied, follows a complaint from a rival telecoms firm.
Vtesse says BT and Hull-based Kingston Communications have had an unfair advantage over other companies in the sector since 2000
French stock market regulator AMF has filed complaints against media giant Vivendi Universal, its boss and another top executive.
It believes the prospectus for a bond issue was unclear and that executives may have had privileged information.
AMF has begun proceedings against Vivendi, its chief executive Jean-Rene Fourtou and chief operating officer Jean-Bernard Levy
The trial of Bernie Ebbers, former chief executive of bankrupt US phone company WorldCom, has started in New York with the selection of the jury.
Mr Ebbers, 63, is accused of being the mastermind behind an $11bn (£6bn) accounting fraud that eventually saw the firm collapse in July 2002.
His indictment includes charges of securities fraud, conspiracy and filing false reports with regulators
A tribunal is to cut Legal & General’s £1.1m ($2m) fine for mis-selling but upheld a Financial Services Authority ruling that the insurer mis-sold endowments.
The Financial Services and Markets Tribunal, which reviewed L&G’s appeal, said L&G was guilty of mis-selling
The New York Stock Exchange (NYSE) has hit US investment bank Morgan Stanley with a record $19m (£10m) fine.
The penalty, the largest so far imposed by the exchange, was the result of regulatory and supervisory lapses at Morgan Stanley, the NYSE said.
The NYSE said it had discovered “supervisory, operational and technological deficiencies” in some of Morgan Stanley’s operations
National Grid, the firm in charge of supplying electricity to England and Wales, could face fines of up to $20m (£12m) a year in the event of major power cuts.
Regulator Ofgem announced the penalties as part of an incentive scheme to improve the firm’s record on blackouts.
The move follows Ofgem’s investigation of two large power cuts in the South East and West Midlands in 2003
Two former executives at America Online face criminal charges after an FBI investigation into claims of fraudulent transactions with a software supplier.
The duo – Kent Wakeford and John Tuli – have been charged with conspiracy, securities fraud, wire fraud and making false statements.
Prosecutors claim the pair colluded with executives at PurchasePro to inflate revenues at the two firms