Wal-Mart opposes sex-bias case at class-action suit filed in the US March 29, 2011 SEVERAL US Supreme Court justices questioned yesterday whether female employees at Wal-Mart can proceed with the largest class-action sex-discrimination lawsuit in history that seeks billions of dollars. At issue in the case was whether a small group of women who began the lawsuit 10 years ago against the world’s largest retailer can represent a huge [...]
Wal-Mart opposes sex-bias case at class-action suit filed in the US March 29, 2011 SEVERAL US Supreme Court justices questioned yesterday whether female employees at Wal-Mart can proceed with the largest class-action sex-discrimination lawsuit in history that seeks billions of dollars. At issue in the case was whether a small group of women who began the lawsuit 10 years ago against the world’s largest retailer can represent a huge [...]
Horta-Osório does a spot of kitchen sinking May 5, 2011 WAS Antonio Horta-Osório being entirely honest yesterday when he denied kitchen sinking at his first set of results? Not quite: what he did was gut the Lloyds kitchen entirely, clogged dishwasher and all. Then, not content with clearing out his own house, he broke into the homes of RBS, HSBC and Barclays, and stole their [...]
Horta-Osório does a spot of kitchen sinking May 5, 2011 WAS Antonio Horta-Osório being entirely honest yesterday when he denied kitchen sinking at his first set of results? Not quite: what he did was gut the Lloyds kitchen entirely, clogged dishwasher and all. Then, not content with clearing out his own house, he broke into the homes of RBS, HSBC and Barclays, and stole their [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 3, 2011 FINANCIAL TIMES BUSINESSES FEAR £90BN HIT IN COSTS BOOMERANG The UK’s main quoted companies fear that £90bn of annual costs will return to their books as they recover, washing away savings made during the recession and squeezing profit margins, according to a survey by a leading accountancy firm. Businesses believe that 95 per cent of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 11, 2011 FINANCIAL TIMES MP TALKS TOUGH OVER SSE MIS-SALE The UK’s big gas and electricity suppliers should be forced to repay any profits made by mis-selling their products on the doorstep, the chairman of an influential House of Commons committee has suggested. Scottish and Southern Energy was found guilty of unfair trading on Tuesday after its [...]
Santander chief handed banking ban March 10, 2011 ALFREDO Saenz, chief executive of Spanish bank Santander, was banned from working as a banker for three months by Spain’s Supreme Court yesterday. The ruling, the latest in a 17-year legal battle over a conviction for false accusations against debtors, was an embarrassing blow to both 68-year-old Saenz and the bank, the Eurozone’s biggest lender. [...]
Santander chief handed banking ban March 10, 2011 ALFREDO Saenz, chief executive of Spanish bank Santander, was banned from working as a banker for three months by Spain’s Supreme Court yesterday. The ruling, the latest in a 17-year legal battle over a conviction for false accusations against debtors, was an embarrassing blow to both 68-year-old Saenz and the bank, the Eurozone’s biggest lender. [...]
Santander chief Saenz to fight banking ban March 10, 2011 Spain’s Supreme Court barred the head of Santander from working as a banker for three months in an embarrassing blow to 68-year-old Alfredo Saenz and the eurozone’s biggest lender. The ruling is the culmination of a long-running case, centred around a conviction for false accusations against debtors when Saenz headed Santander-owned bank Banesto in 1994. [...]
Claridges owner wins NAMA case February 3, 2011 AN IRISH property developer, whose assets include London luxury hotels Claridges, the Connaught and the Berkeley, yesterday won a legal challenge to stop the National Asset Management Agency (NAMA) acquiring his loans, a ruling that complicates the operations of the state-run agency, dubbed the “bad bank”. Ireland’s Supreme Court said yesterday a decision to acquire [...]