Wal-Mart sex case fails June 20, 2011 SUPERMARKET giant Wal-Mart yesterday won a case to dismiss a massive class-action sex discrimination lawsuit, after the US Supreme Court unanimously ruled in its favour. The court said more than 1m female Wal-Mart employees from across the US could not proceed in their multi-billion dollar case, which accused the grocer, which owns Asda, of paying [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 13, 2011 FINANCIAL TIMES WATCHDOG IN PENSION VICTORY Britain’s Pensions Regulator has dropped the threat of action against US-based Chemtura Corp and its UK subsidiary, after the company agreed to pay £60m into its pension scheme over the next three years. In December 2010, the regulator issued a formal warning to Chemtura Corp and Chemtura Manufacturing UK that [...]
US senators call for probe on News Corp July 13, 2011 AS NEWS Corp’s BSkyB bid lay in tatters, a potentially devastating storm gathered pace in the US yesterday. Two senators called for the Justice Department and Securities and Exchange Commission (SEC) to investigate whether News Corp broke US laws banning payments to influence a foreign official, relating to the phone hacking scandal at News International. [...]
US senators call for probe on News Corp July 13, 2011 AS NEWS Corp’s BSkyB bid lay in tatters, a potentially devastating storm gathered pace in the US yesterday. Two senators called for the Justice Department and Securities and Exchange Commission (SEC) to investigate whether News Corp broke US laws banning payments to influence a foreign official, relating to the phone hacking scandal at News International. [...]
US sues BP for $21bn in fresh Gulf spill lawsuit December 15, 2010 THE US government said yesterday it would sue BP for $21bn (£13.5bn) alongside four other companies tied to the Gulf of Mexico oil spill in August, for violating US environmental laws, in the opening salvo in what will likely be a lengthy legal battle. If successful the damages from the lawsuit would be on top [...]
Barclays and Lehman wrap up US lawsuit November 22, 2010 LEHMAN Brothers’ lawsuit against Barclays over its $1.75bn (£1.09bn) purchase of the bankrupt group’s assets draws to a close today, as lawyers on both sides submit their final arguments on whether Barclays made a secret windfall on the sale. Lehman, which filed for the world’s biggest bankruptcy in September 2008, is expected to claim Barclays [...]
A SEA OF RED August 8, 2011 WORLD MARKETS CONTINUE LURCH DOWNWARDS INVESTORS fled stocks on both sides of the pond yesterday, as financial turmoil further engulfed markets. In New York, the Dow Jones index closed down 5.55 per cent; the Nasdaq shed 6.9 per cent; and the S&P 500 lost 6.66 per cent. By the close of trading last night every [...]
Deutsche silent on succession May 26, 2011 Deutsche Bank’s board batted away shareholder questions about who it was lining up to succeed chief executive Josef Ackermann at its annual meeting yesterday. Angry investors told the bank to end speculation over the lack of a successor, which is increasingly seen as a risk to the bank. Ackermann renewed his contract two years ago [...]
Sky sinks as investors mull a future without Murdoch July 11, 2011 SHARES IN BSkyB were rocked yesterday by the revelation News Corp will not be making a bid – at least not in the short term. It closed down 4.6 per cent at 715p after earlier falling below 700p for the first time in almost a year. One of BSkyB’s major shareholders yesterday said News Corp’s bid [...]
Sky sinks as investors mull a future without Murdoch July 11, 2011 SHARES IN BSkyB were rocked yesterday by the revelation News Corp will not be making a bid – at least not in the short term. It closed down 4.6 per cent at 715p after earlier falling below 700p for the first time in almost a year. One of BSkyB’s major shareholders yesterday said News Corp’s bid [...]