Company

Tyre maker spends ¥10m of own money on injured Dolphin

A disabled dolphin in Japan is able to swim normally and jump again thanks to an artificial tail fin made by a tyre company.

Fuji, 34, had three-quarters of her tail amputated in 2002 after suffering from a mystery disease.

A veterinarian working with Fuji asked a friend at Bridgestone Corp for help

BMW chief criticises Rover bosses

BMW’s UK chief has launched a scathing attack on the four businessmen who own MG Rover, branding them “the unacceptable face of capitalism”.

Managing director Jim O’Donnell said it was “disgusting” that MG Rover’s owners paid themselves fat salaries while losses continued at the company.

The “Phoenix four” were sold MG Rover by German owners BMW back in May 2000 for just £10 (14 euros)

NAB profits tumble after scandal

National Australia Bank, the country’s biggest lender, has seen its profits slump following a trading scandal.

Increased competition and rising costs have also taken their toll, producing what boss John Stewart called a “poor and unacceptable result”.

Profit in the six months through 30 September was 1

BAE denies it is target of probe

BAE Systems believes it is not the target of an inquiry by the Serious Fraud Office into false accounting in connection with defence contracts.

In a statement, BAE also said that it may itself have been on the receiving end of illegal activities.

“There is a possibility that BAE Systems may itself have been the victim of a fraud,” the company said

Convictions in Enron fraud trial

Four former Merrill Lynch employees and an ex-Enron executive have been found guilty of fraudulently inflating the energy firm’s profits.

A jury convicted ex-bankers Daniel Bayly, Robert Furst, William Fuhs and James Brown of fraud and conspiracy.

Ex-Enron finance director Dan Boyle was also found guilty

Merrill Lynch: Convictions in Enron fraud trial

Four former Merrill Lynch employees and an ex-Enron executive have been found guilty of fraudulently inflating the energy firm’s profits.

A jury convicted ex-bankers Daniel Bayly, Robert Furst, William Fuhs and James Brown of fraud and conspiracy.

Ex-Enron finance director Dan Boyle was also found guilty

Merck shares dive on Vioxx fears

Shares in US drug maker Merck tumbled nearly 10% on Monday after a press report suggesting the firm may have ignored problems with one of its drugs.

Merck withdrew Vioxx, a top-selling painkiller, on 30 September after evidence linking it to heart problems.

The Wall Street Journal has now published e-mails which, if genuine, suggest Merck may have known about the concerns for years, the paper says

FBI ‘studying Halliburton deals’

The controversial award of a key Iraqi oil contract to US giant Halliburton is now being investigated by the FBI, it has been claimed.

A lawyer for a US army official has said the FBI has asked to speak to his client about how the army gave the firm a key deal to restore Iraqi oil.

The FBI claims come as a US government inquiry continues to look at why the deal was not put open to competition

Qwest settles SEC fraud inquiry

US telecoms giant Qwest Communications has agreed to pay $250m (£136.7m) to settle charges stemming from an inquiry into an alleged securities fraud.

The Denver-based firm did not admit any liability in the case brought by the US Securities and Exchange Commission

US agrees to Halliburton inquiry

The US government will set up an inquiry into the no-bid Iraq contracts given to Halliburton, the company once run by Vice President Dick Cheney.

The move is the latest embarrassment for the firm, which faces losing its Iraq contracts with the US Army.

Halliburton’s Iraq deals had been criticised by the International Advisory Monitoring Board, a UN group monitoring the use of Iraq’s resources