Microsoft must pay $290m for patent infringement

The US Supreme Court has denied an appeal by Microsoft against a $290m verdict for infringing a small Canadian company’s patent.

The company, i4i, sued Microsoft in 2007, saying it owned the technology behind a text manipulation tool used in Microsoft’s Word application.

The technology gave Word 2003 and Word 2007 users an improved way of using a document’s contents

Employee sues Caterpillar Inc

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

SEC Charges Lucent Employees

CHICAGO (Reuters) – Nine current and former employees of Lucent Technologies Inc. and another individual on Monday were charged with securities fraud for their roles in accounting problems at the telecommunications equipment maker.

The civil case dates back to the company’s fiscal year 2000, during which the U

SEC slaps PIMCO with fraud charges

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said Thursday it filed civil fraud charges against PIMCO Advisors Fund Management LLC, affiliates and officers in a probe of mutual fund market timing

Shell under investigation by FSA

Investigations are being carried out by the Financial Services Authority into oil giant Shell after recent events.

A storm of bad publicity surrounds the company following three separate occasions when the company admitted it had overstated its oil reserves.

The Shell scandal first broke back in January when the firm made its initial announcement on a reserves downgrade

Computer Associates guilty plea

The former vice president of finance of Computer Associates, the US software giant, has pleaded guilty in an audit probe case.

David Rivard pleaded guilty to conspiracy to commit securities fraud and obstruct justice.

US prosecutors and the Securities and Exchange Commission have spent two years investigating allegations that the firm inflated its accounts

Microsoft hit by record EU fine

Software giant Microsoft must pay a fine of 497m euros ($613m; £331m) for abusing its dominant market position, the European Commission has ordered.

Competition Commissioner Mario Monti also insisted Microsoft must reveal secrets of its Windows software, which sits on 90% of the world’s PCs.

The European Commission approved Microsoft’s punishment on Wednesday

Kraft bonuses: $10million amid layoffs

CHICAGO (Reuters) – Food maker has to lay off 6,000 workers and close 20 plants, but execs still got paid big bonuses.

Bonuses totaling more than $10 million were paid out to five Kraft Foods Inc. executives at the end of 2003, even as the giant food maker made plans to lay off thousands of workers

EDS financial probe deepens

The U.S. Securities and Exchange Commission has widened its probe of Electronic Data Systems to include a massive charge the company took related to its $6 billion Navy contract

Glaxo’s CEO to scoop 5.7 mln stg a year

LONDON, Dec 14 (Reuters) – Jean-Pierre Garnier, chief executive of GlaxoSmithKline Plc , will earn up to 5.7 million pounds ($9