Company Archives - Page 50 of 54

LG Cable Insider Trading

January 20, 2004/0 Comments/in LG Cable /by ceadmin

The nation’s leading civic group on Tuesday filed a complaint with the prosecution against 25 executives of LG Cable on suspicion of illegal insider trading.

The 25 individuals of the LG family, including Koo Cha-yol, vice chairman of LG Cable, sold more than three million shares of LG Card before the credit card affiliate fell into severe financial trouble in November.

The People’s Solidarity for Participatory Democracy (PSPD) insisted that the LG Group families could have avoided great losses as they sold off LG Card stocks after accessing insider information on the card unit’s financial health

JP Morgan Insider Trading

January 20, 2004/0 Comments/in JP Morgan Chase /by ceadmin

WASHINGTON Securities regulators are examining a surge in options trading just before Wednesday’s announcement that J.P. Morgan Chase agreed to buy Bank One for $58 billion, according to people familiar with the situation

Adecco Investigation Continues

January 18, 2004/0 Comments/in Adecco /by ceadmin

Swiss market authorities have launched an investigation into insider dealing at Adecco, the world’s largest employment firm, which saw its stock plunge by a third last week.

The Federal Banking Commission said it had launched a “preliminary investigation”, working alongside the US Securities and Exchange Commission, which is conducting its own inquiries. Felix Weber, who resigned as chief financial officer last week, took full responsibility for the accounting problems

Levi-Strauss to settle out of court

January 8, 2004/0 Comments/in Levi-Strauss /by ceadmin

This month, the last of three lawsuits over sweatshop conditions on the U.S. island of Saipan came to a close

£1.5bn Tax Bill

January 8, 2004/0 Comments/in GlaxoSmithKline /by ceadmin

Drug giant plans court challenge against tax authorities in long-running dispute over profit allocation, writes Rosie Murray-West

Glaxo Smithkline, the drug giant, yesterday revealed that it had received a £1.5billion bill from the US tax authorities and estimated it could also owe £1.4 billion in interest unless it wins a case against them

Pfizer claims Britons denied treatment

January 7, 2004/0 Comments/in Pfizer /by ceadmin

LONDON, Jan 7 (Reuters) – Britons suffering from Alzheimer’s disease are being denied drugs that can delay disease progression, according to a study by drugmaker Pfizer Inc (nyse: PFE – news – people) showing significant regional variations in spending.

The company, which co-markets Alzheimer’s treatment Aricept with Japan’s Eisai Co Ltd <4523.T>, said that although overall spending on anti-dementia drugs had increased significantly in the UK, some health authority areas spent four times as much as others

Parmalat admits $4.9bn black hole

December 29, 2003/0 Comments/in Parmalat /by ceadmin

The size of the black hole at Parmalat has spooked financial markets and the size of the black hole has led to comparisons with previous scandals at Enron and WorldCom.

Italian police have arrested five top Parmalat officials, as they widen their inquiries into the multi-billion euro fraud at the dairy giant. Former Parmalat chief financial officers Fausto Tonna and Luciano Del Soldato are among those detained

Pfizer to use DART for online campaigns

December 26, 2003/0 Comments/in Pfizer /by ceadmin

NEW YORK, Jan. 8 /PRNewswire-FirstCall/ — DoubleClick Inc. (Nasdaq: DCLK),

the leading provider of tools for advertisers, web publishers and direct

marketers today announced that Carat Interactive, a leading global media

agency, has agreed to exclusively use DoubleClick’s ad management system,

DART(R) for Advertisers, on behalf of Pfizer Inc in order to deliver, report

on and measure its online marketing and advertising campaigns

British Airways to eliminate 5,000 office staff

December 17, 2003/0 Comments/in British Airways /by ceadmin

British Airways Plc, Britain’s biggest airline, is set to eliminate additional 5,000 office jobs to cut costs, Reuters reported.

The job cuts are in addition to the number already announced as part of BA’s Future Size and Shape restructuring program.

In November, the UK flag carrier said that it was on track to deliver 13,000 job cuts to cope with the industry downturn

Halliburton bankrupts own units

December 17, 2003/0 Comments/in Halliburton /by ceadmin

US oil and construction company Halliburton has put two of its businesses into voluntary bankruptcy as it prepares to settle asbestos claims.

The company, once headed by US Vice President Dick Cheney, has agreed to pay about $4bn (£2.3bn) to workers exposed to the killer mineral