Russian oil giant Yukos faced being torn apart after bailiffs said they would sell off its main operating arm to settle a $3.4bn bill for back taxes.
Analysts said it was the worst-case scenario for the firm, which has been trying to agree a deal with the authorities over payment of the bill
One of UK’s leading gas and electricity suppliers, Powergen, has been fined £700,000 ($1.3m USD) for preventing more than 20,000 domestic energy customers from switching to new gas or electricity suppliers.
The penalty comes after a 10-month investigation by energy regulator Ofgem which consumer watchdog Energywatch has said was the biggest such fine
Halliburton, in trouble over alleged over-charging for Iraq contracts, is being probed for its deals in Iran.
A US grand jury has demanded documents relating to contracts in Iran – subject to US sanctions – by a Halliburton subsidiary based in the Cayman Islands.
The firm, which used to be run by US Vice-President Dick Cheney, said it was certain the deals were legal
German-US car giant DaimlerChrysler is offering to cut executive pay in order to end a dispute over cost cuts.
Staff at the firm’s German plants have downed tools in protest at the plans to move jobs abroad unless 500m euros ($620m; £330m) in savings can be found.
But now the company says that its board members will accept a cut in pay if employees back down
Celebrity lifestyle guru Martha Stewart has been sentenced to five months in jail by a New York courtroom over charges of conspiracy and obstruction.
The US trendsetter was convicted in March for lying about a stock sale during a government investigation.
She was given two years supervised release, during which time she will have to wear a monitoring bracelet
De Beers has agreed to plead guilty in a decade-long price-fixing case in a move that could allow the world’s biggest diamond producer to return to the U.S. market after a nearly 50-year absence, a news report said Saturday
US cable TV millionaire John Rigas and his son Timothy have been found guilty of 18 counts of fraud and conspiracy.
The elder Mr Rigas co-founded Adelphia Communications in 1952 and grew it into the fifth biggest US cable TV operator.
Adelphia went bust in 2002 with debts of $7bn (£3
The European Union on Friday dropped money-laundering and smuggling claims against Philip Morris International in a $1.25bn settlement it claimed could herald similar deals with other tobacco companies.
The EU legal team, which is pursuing RJ Reynolds and Japan Tobacco in the US courts, believes the deal with the makers of Marlboro cigarettes is a benchmark for future settlements
Bank One Corp has agreed to pay penalties of $90m after an inquiry into improper stock trading.
The US Securities and Exchange Commission and New York’s attorney general both announced settlements with Bank One late on Tuesday.
Mark Beeson, ex-head of Bank One’s mutual funds unit, was fined $100,000 and banned from trading for two years
A Moscow court has ruled that Russian oil giant Yukos will have to pay almost 100bn roubles ($3.4bn: £1.9bn) in back taxes to the Russian authorities