Spider-Man creator Stan Lee is to get a multi-million dollar windfall after winning a court battle with comic book company Marvel.
A judge has upheld Lee’s demand for 10% of Marvel’s profits from the hugely successful Spider-Man films.
Spider-Man and its sequel made $1
Activists in India have held nationwide protests against multinational soft drink companies Coca-Cola and Pepsi.
Reports said thousands of protesters had gathered near manufacturing plants of the two firms and demanded that they stop production.
Activists want the firms to leave India because they say their plants deplete ground water – claims the soft drinks giants both strenuously deny
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
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
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
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
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
Bradford and Bingley was today fined £650,000 (1 million USD) by the finance industry watchdog for mis-selling precipice and with-profit bonds.
Around 6,800 affected customers will now receive compensation totalling £6 million, the Financial Services Authority said.
The FSA issued the fine for the widespread mis-selling of the bonds criticising the firm for not making suitable recommendations to customers, not maintaining adequate records of sales and not having in place adequate systems and controls to prevent and ultimately address these failures
Insurer Axa Sun Life has been fined £500,000 for its misleading TV adverts – the highest such fine ever imposed by the City watchdog.
The Financial Services Authority (FSA) said adverts for Axa Cash Builder Plus and its guaranteed over-50 investment plans did not alert consumers to risk.
The FSA said the “design, content and format” of the adverts focused attention on benefits rather than risk
US mortgage company Fannie Mae should restate its earnings, the US finance watchdog has said, a move that could put a major dent in its finances
The Securities & Exchange Commission accused Fannie Mae of using techniques that “did not comply in material respects” with accounting standards. Last month Fannie Mae warned that the problems could cost it $9bn (£4.6bn)