Mark Thompson of NY Times accused BBC chief Chris Patten of misleading the British Parliament after large payments for the broadcaster's staff were made after they departed the firm.
Legal & Regulatory
Reserve Primary Fund lawsuit reaches settlement worth USD 54.5 million
Bruce Bent and the Reserve Primary Fund management agreed to settle with their shareholders for USD 54.5 million.
Nigeria's Dangote plans to build USD 400 million cement plant in Kenya- Kenyatta
President Uhuru Kenyatta's office said Africa's richest man Aliko Dangote would invest in a USD 400 million cement factory in Kenya.
Bank of America, Merrill settle with female brokers for USD39 million over gender bias pay
Court papers released to the public on Friday indicated that Bank of American Corp. and Merrill Lynch & Co. would be settling on its gender bias lawsuit filed on behalf by its female brokers for USD39 million.
US antitrust case hits Apple anew on ebook restrictions
U.S. District Judge Denise Cote would be exposing new restrictions on its ebook retail unit and will appoint an external monitor to oversee Apple would not be violating antitrust laws.
Latest News
Natalie Gordon, a shareholder at Verizon Communications filed a lawsuit against the company claiming that the deal with Vodafone Group Plc was overpriced.
Judge Cole issues an injunction for Apple's activities in price manipulation of ebooks. An injunction was entered last Friday against Apple by the US judge that found Apple to have conspired to control e-book prices.
Deutsche Telekom had applied for a sports betting license and is currently reviewed by the Interior Ministry of the German state of Hesse.
Brazil, Russia, India, China and South Africa have all agreed to create a USD100 billion fund as buffer for financial shocks.
The Head of the Central Bank of China said the country had measures to cope with the expected pullback of the US monetary stimulus.
Edge Products filed for bankruptcy, a court filing showed. A court filing revealed that Edge Products had filed for bankruptcy under Chapter 11. The company is a manufacturer of aftermarket performance electronics for vehicle industry.
Edge Products, the manufacturer of high quality parts for vehicle manufacturers, recently filed for Chapter 11 bankruptcy protection.
Banca Carige was advised by the Bank of Italy to make changes in policy and personnel as it prepares for regulatory changes for next year.
An Italian newspaper reported that the Italian government preferred the merger of Telecom Italia with Spain's Telefonica than have Naguid Sawiris acquire a stake in the firm.
