Former Worldcom boss Bernard Ebbers has been sentenced to 25 years in jail for his part in the scandal which brought down the firm.
Mr Ebbers was found guilty of fraud and conspiracy in March, following revelations of an $11bn (£6.2bn) accounting fraud at Worldcom in 2002
The European Commission has raided the offices of Intel and other computer makers across Europe as part of a probe into possible anti-trust violations.
Intel has been involved in a lengthy investigation by Brussels over alleged unfair trade practices.
“The investigations are being carried out within the framework of an ongoing competition case,” said European Commission spokesman Jonathan Todd
Microsoft is to pay $775m (£438.4m) to computer giant IBM to settle an anti-trust claim.
Under the settlement, the software maker will also give IBM a $75m credit for its computer programmes
Citigroup, the US owner of Citibank, is to be fined £13.9m ($25.31m) by the UK’s Financial Services Authority (FSA) after a controversial bond trade
Financial regulators are investigating how computer giant IBM awarded share options to its staff earlier this year.
IBM revealed on Monday that it was the subject of an informal probe by the Securities and Exchange Commission (SEC) and was co-operating fully.
The inquiry is thought to be linked to IBM’s announcement of disappointing quarterly trading results in April
US drugs company Bristol-Myers Squibb has agreed to pay $300m (£165m) into a shareholders’ fund, as prosecutors charged two former executives.
The firm and executives were accused of a practice called “channel stuffing” – offering incentives to get wholesalers to buy more of the company’s products.
The scheme boosted earnings at the firm, which has now agreed a “deferred prosecution” with Newark lawmakers
Civil liberties groups have condemned an arrangement between Microsoft and Chinese authorities to censor the internet.
The American company is helping censors remove “freedom” and “democracy” from the net in China with a software package that prevents bloggers from using these and other politically sensitive words on their websites.
The restrictions, which also include an automated denial of “human rights”, are built into MSN Spaces, a blog service launched in China last month by Shanghai MSN Network Communications Technology, a venture in which Microsoft holds a 50% stake
J. P. Morgan Chase announced last night that it had agreed to pay $2
US banking giant Citigroup has agreed to pay $2bn (£1.1bn) to settle a lawsuit brought by shareholders of collapsed energy trading firm Enron.
The class-action suit accused Citigroup of assisting Enron to carry out the huge accounting fraud which bankrupted it in 2001
Oil giant Exxon Mobil has been ordered to pay damages to more than 10,000 petrol station owners for overcharging on the cost of its fuel.
The ruling by a federal court judge in Miami could set the US company back more than $1.3bn