Microsoft has been given preliminary approval to settle a class-action anti-trust case in Arizona by giving away $105m (£57m) in computer vouchers.
The software giant had been accused of using its monopoly position to over charge for its software.
Under the deal businesses and homes who bought Microsoft products between January 1996 and January 2002 will get vouchers of up to $24 each
Kenneth Lay, Enron’s former chief executive, has spoken out for the first time since the 2001 scandal that shook corporate America to the core.
Mr Lay blamed the fraud on his finance chief, claiming to be one of the 98% of Enron employees who were “good, honest, hardworking individuals”.
Prosecutors have been trying to build a case against Mr Lay for over two years
Former Shell chairman Sir Philip Watts who stood down after the firm’s oil reserves estimates were dramatically cut has received a £1m ($1.8m) pay-off.
Shareholders were highly critical of Sir Philip who headed exploration and production at the time when most of the reserves in question were booked
Jean-Marie Messier, former chief executive of French media giant Vivendi Universal, has been taken into custody.
Mr Messier is being questioned as part of an investigation into “financial misappropriation”, Paris police said.
The arrest follows a probe into Vivendi ex-finance chief Guillaume Hannezo launched earlier this month
Halliburton said it has terminated its relationship with an ex-chairman of its Kellogg, Brown and Root subsidiary over financial impropriety.
KBR is being investigated by the US stock market regulator over allegations it paid bribes for Nigerian gas deals.
Halliburton said it had severed ties with Jack Stanley, who had worked as a consultant since retiring in December 2003, and another person, over Nigeria
Thousands of workers at the engineering giant Siemens have staged rallies throughout Germany in protest against the threat of jobs moving abroad.
“Staff have been told to work 40 hours instead of 35 a week for the same pay or else production will go elsewhere,” a union official told BBC News Online.
Hartwig Oertel of IG Metall said staff walked out of their factories on Friday and held rallies for an hour or so
A Minnesota seniors group sued nine major pharmaceutical manufacturers on Wednesday, alleging that the companies have conspired to keep U.S. medicine prices artificially high by blocking Canadian imports
A man who says he was fired by Caterpillar Inc. because he wasn’t able to urinate for a drug test sued the equipment giant, alleging discrimination.
The plaintiff said Wednesday he suffers from paruresis, more commonly known as shy bladder syndrome, and was physically unable to urinate into a specimen cup, despite having drunk 40 ounces (1
A Minnesota seniors group sued nine major pharmaceutical manufacturers on Wednesday, alleging that the companies have conspired to keep U.S. medicine prices artificially high by blocking Canadian imports
A production company sued Sony Pictures and its Columbia Pictures division, alleging the studios shortchanged the firm on receipts from the 1970s film “The Lords of Flatbush,” court documents state.
The suit filed Monday in Los Angeles Superior Court by Ebbets Field Film Co. claims breach of contract and violation of the business and professional code