Eighteen former Enron directors have agreed a $168m settlement deal in a shareholder lawsuit over the collapse of the energy firm.
Leading plaintiff, the University of California, announced the news, adding that 10 of the former directors will pay $13m from their own pockets.
The settlement will be put to the courts for approval next week
Judy Boynton, Shell’s former finance director who was criticised over the oil group’s massive reserves scandal, will receive a $1m (£535,000) cash pay-off, plus shares and pension worth a further $2.4m.
Shell said Ms Boynton, who “stepped aside” from her board-level position in April, would get a $1m severance payment in line with the terms of her contract
The US agrochemical giant Monsanto has agreed to pay a $1.5m (£799,000) fine for bribing an Indonesian official.
Monsanto admitted one of its employees paid the senior official two years ago in a bid to avoid environmental impact studies being conducted on its cotton
BT customers will have to pay more for early morning calls from 16 February.
About three million BT customers could see their bills rise as it shifts the start of its more costly daytime call rate from 8am to 6am.
Customers on BT’s Together Option 1 package will see the cost of landline calls made between 6am to 8am rise from 5
US securities regulators have started an informal inquiry into stun gun maker Taser following statements the company made over safety of its products.
Taser shares fell 17.74% to $22
A user of Apple’s iTunes music service is suing the firm saying it is unfair he can only use an iPod to play songs.
He says Apple is breaking anti-competition laws in refusing to let other music players work with the site.
Apple, which opened its online store in 2003 after launching the iPod in 2001, uses technology to ensure each song bought only plays on the iPod
Ten former directors at WorldCom have agreed to pay $54m (£28.85m), including $18m from their own pockets, to settle a class action lawsuit, reports say.
James Wareham, a lawyer representing one of the directors, told Reuters the 10 had agreed to pay those who lost billions when the firm collapsed
The world’s largest retailer, Wal-Mart, has agreed to pay a total of $14.5m (£7.74m) to settle a lawsuit over gun sales violations in California
The US Securities and Exchange Commission (SEC) has accused Mexico’s second-largest broadcaster of involvement in a massive fraud.
The SEC has said TV Azteca’s executives violated US laws on debt, with one executive alleged to have made more than $100m (£53.18m)
US financial regulators have requested information from Warren Buffett’s Berkshire Hathaway group as part of a probe into certain insurance products.
The Securities and Exchange Commission has asked the billionaire businessman’s firm to provide documents relating to the sale of ‘non-traditional’ products.
The watchdog is examining allegations that these products have been misused to manipulate corporate earnings