Super Mario talks a good game but Italy’s entrepreneurs have lost out April 23, 2012 ITALIAN Prime Minister Mario Monti recently proclaimed “historic” labour reform and even declared the “financial aspect” of the crisis to be over. But don’t pop the Prosecco yet. Italy’s biggest impediments to business – rigid labour rules and uncertain contract enforcement – are alive and well. Monti’s upbeat attitude should be tempered by Italy’s ongoing [...]
Apple iPad rumour mill whirls despite problems in China February 14, 2012 THE HUNGRILY-AWAITED iPad 3 could run on fourth generation networks when released in the US later this year, with top American wireless providers AT&T and Verizon vying for the carrier deal. Apple is expected to announce details of its latest tablet offering in the first week of next month, with some sources pointing specifically to [...]
Anglo sued by Codelco January 10, 2012 COPPER giant Codelco set out its lawsuit against Anglo American yesterday, asking Chilean courts to enforce its disputed option to buy a 49 per cent stake in the miner’s south Chilean properties. The move is the latest salvo in an increasingly bitter legal row, after Anglo last year announced it had sold a 24.5 per [...]
Anglo sued by Codelco January 10, 2012 COPPER giant Codelco set out its lawsuit against Anglo American yesterday, asking Chilean courts to enforce its disputed option to buy a 49 per cent stake in the miner’s south Chilean properties. The move is the latest salvo in an increasingly bitter legal row, after Anglo last year announced it had sold a 24.5 per [...]
REVIEW: Rampart February 24, 2012 Film RAMPART Cert: 15 **** by Steve Dinneen The LAPD doesn’t get the easiest of rides from its local film studios. Rarely is there a film espousing its values as the saviour of the American people. Rampart, though, takes this to a whole new level. Woody Harrelson’s David Douglas Brown is as corrupt as they [...]
HSBC must wait to July for Madoff lawsuit decision June 24, 2011 HSBC will have to wait until the end of July to hear whether or not a $9bn (£5.63bn) lawsuit accusing the bank of enabling the massive fraud will go ahead. Lawyers for the bank argued in Manhattan federal court on Thursday evening that the law did not allow trustee Irving Picard – trying to recover [...]
Lehman Europe claims $1.4bn November 28, 2011 The European arm of Lehman Brothers yesterday sued a unit of bond insurer Assured Guaranty, claiming more than $1bn for a series of credit derivative transactions. In a lawsuit filed in the US, Lehman Brothers International (Europe) said the unit, AG Financial Products, miscalculated termination payments under the deals, using an incorrect and approach to [...]
Olympus recovers some losses January 10, 2012 JAPAN’S disgraced Olympus saw its shares shoot up 20 per cent yesterday on the news it is suing its president and 18 other executives, past and present, for up to $47m (£30.4m) in compensation, as it struggles to recover from one of the nation’s worst accounting scandals. The maker of cameras and medical equipment said [...]
New legal row facing Olympus January 9, 2012 AILING Japanese technology firm Olympus is suing its president and three of its former directors over the $1.7bn (£1.1bn) accounting scandal. The maker of cameras and medical equipment has filed proceedings against its president, Shuichi Takayama (pictured), along with three former executives identified by investigators as having engineered or helped cover up the fraud at the [...]
New legal row facing Olympus January 9, 2012 AILING Japanese technology firm Olympus is suing its president and three of its former directors over the $1.7bn (£1.1bn) accounting scandal. The maker of cameras and medical equipment has filed proceedings against its president, Shuichi Takayama (pictured), along with three former executives identified by investigators as having engineered or helped cover up the fraud at the [...]