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Halliburton in Iraq fuel costs row

Washington (BBC)- Halliburton, the oil services and construction group, has been accused by US lawmakers of charging “inflated prices” when they sell petrol to US troops in Iraq.

Halliburton charges the US government more than $1.59 (£0

Woman, 102, dies after ‘eviction’

A 102-year-old woman who was forced to leave the care home where she had lived for nine years has died.

Winifred Humphrey had been told she must leave Bradley House in Whitstable, Kent, because the owners no longer wanted council-funded residents.

She was transferred, with 11 other residents, to another care home less than a mile away on 20 June

Microsoft faces new probe

The US state of Massachusetts is investigating whether the software giant Microsoft has violated its anti-trust settlement with 18 other states.

Massachusetts said it would look at allegations that the company retaliated against a computer maker for promoting the rival operating system, Linux.

In a court filing, the state said that none of the allegations had been resolved and it would “move forward on an enforcement path should its investigations identify provable violations”

Qwest settles fraud investigation

Qwest Communications settled a long-standing consumer fraud lawsuit with the Arizona Attorney General’s Office Monday by agreeing to pay a $3.75 million fine and to better inform customers about their options.

The suit, filed in 2001 by then-Attorney General Janet Napolitano, accused Qwest of numerous violations of Arizona’s Consumer Fraud Act, including placing unauthorized charges on consumers’ bills; failing to disclose charges associated with repairs and installation; engaging in false and misleading advertising; and setting up customer service departments that frustrate consumers’ attempts to resolve problems

BP closes deal with Russia

LONDON, England — British oil group BP and Russia’s TNK have signed a multibillion-dollar contract to create a joint energy venture, the biggest single foreign investment deal in post-Soviet Russian history.

The agreement, signed Thursday in a joint statement by the companies, will see BP invest a total of $6.15 billion (5

Tax shelter summons

WASHINGTON (CBS.MW) – U.S

Fannie Accounting

NEW YORK (Reuters) – Franklin Raines, chief executive officer of Fannie Mae, the nation’s largest home mortgage finance company, said it does not face the same accounting questions as its smaller rival sister Freddie Mac.

On June 9, Freddie Mac replaced its top three executives over an accounting probe about how the No. 2 U

300 Job Cut

Sprint today announced that it would be cutting 300 workers without any redundancy or job severence pay.

Excessive Spending

Dot-com boom begot obscene wealth and trouble

CALL it the privilege of wealth, AOL-style. The dot-com feeding frenzy was creating obscene riches at virtually every level of the company.

It was a simple calculus: dot-coms paid whopping fees to promote their wares on AOL