Langbar boss gets twelve months in jail June 20, 2011 THE one-time boss of an Aim-listed cash shell has been jailed for 12 months for making misleading statements that ended up losing investors millions of pounds. Stuart Pearson of Langbar International (formerly Crown Corporation Limited) falsely claimed that the firm had assets worth £365m, both in stock market statements and in talks with investors ahead [...]
Shire files to block infringement April 6, 2011 Biopharmaceutical company Shire has filed a lawsuit for patent infringement and breach of contract against their US rival Watson Pharmaceuticals which intends to produce generic versions of the Aderall XR drug before its patent expires. The lawsuit follows Watson’s new drug application with the US Food and Drug Administration to market generic versions of Aderall [...]
WHAT NEXT FOR NEWS CORP (AND HOW HOT COULD IT GET)? July 13, 2011 RETURNS FOR BID IN A YEAR Murdoch didn’t build the world’s most powerful media empire without overcoming some major hurdles along the way. Calling time on the bid when he did stopped a parliamentary vote that would have rendered green-lighting any future approach politically untenable. Cameron has called on him to “clean his own house” [...]
WHAT NEXT FOR NEWS CORP (AND HOW HOT COULD IT GET)? July 13, 2011 RETURNS FOR BID IN A YEAR Murdoch didn’t build the world’s most powerful media empire without overcoming some major hurdles along the way. Calling time on the bid when he did stopped a parliamentary vote that would have rendered green-lighting any future approach politically untenable. Cameron has called on him to “clean his own house” [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 28, 2011 FINANCIAL TIMES BHP BILLITON DIGS IN AGAINST STRIKING MINERS BHP Billiton has declared force majeure on exports from the world’s biggest copper mine, as a mineworkers’ strike entered its eighth day. The strike at BHP’s Escondida mine in Chile, which supplied 7 per cent of the world’s copper last year, comes in a month of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 28, 2011 FINANCIAL TIMES BHP BILLITON DIGS IN AGAINST STRIKING MINERS BHP Billiton has declared force majeure on exports from the world’s biggest copper mine, as a mineworkers’ strike entered its eighth day. The strike at BHP’s Escondida mine in Chile, which supplied 7 per cent of the world’s copper last year, comes in a month of [...]
Zuckerberg: Facebook claim forged June 2, 2011 AN ALLEGED contract and emails that a New York man says entitle him to a huge stake in Facebook are forgeries, the online social network’s founder Mark Zuckerberg said. In a filing in the US district court in Buffalo, New York, yesterday Zuckerberg said he has declared under oath that he neither signed the alleged [...]
Sony turns on PlayStation network for first time since hacking scandal May 15, 2011 SONY started restoring its PlayStation online network yesterday, three weeks after a security breach leaked 77m customers’ personal data to hackers. Sony switched on the network for players in the US yesterday, with other countries returning to the gaming service over the next two weeks. The company insisted that it has beefed up its online [...]
US sues Deutsche Bank for more than $1bn for mortgage fraud May 3, 2011 GERMAN lender Deutsche Bank is to be sued by the United States for more than $1bn (£605m) over alleged mortgage fraud. The Frankfurt-based bank is accused of “years of reckless lending practices” by the US Justice Department. It is also accused of defrauding the federal government by repeatedly lying to obtain insurance guarantees on mortgage [...]
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 [...]