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Angry US bondholders file suit
New York: Angry
US investors holding bonds in the embattled WorldCom telecom giant
have filed suit in a Mississippi federal court, lawyers said.
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Deutsche
Bank can be tempted by Ferrari stake
Rome: Deutsche
Bank could be interested taking part in the sale of a 12.5-per cent
stake in the sports car manufacturer Ferrari by the investment bank
Mediobanca, the banks chairman told an Italian daily on Sunday.
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Warner
Lambert hid the pills kill
Washington:
Warner-Lambert Company executives masked early indications of the
diabetes pill Rezulins danger from federal regulators and delayed
telling family doctors it could kill, The Los Angeles Times reported
on Sunday, citing internal company documents.
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Daewoo
to sign bus plant deal in July
Seoul:
South Koreas troubled Daewoo Motor Company is expected to sign a
preliminary agreement in early July 2002 to sell its bus plant that
was not included in the assets bought by General Motors Corp, a report
today said.
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Malaysian
firms sue Andersen
Kuala Lumpur: Three
Malaysian firms have sued accounting giant Arthur Andersen for more
than $92.1 million for failing to detect irregularities in company
accounts, reports said on Sunday.
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Alitalia
to sell Eurofly by August
Rome: The
Italian airline Alitalia will decide on the planned sale of its
charter company Eurofly by the end of July 2002, chief executive
Francesco Mengozzi told an Italian daily on Sunday.
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HKs
Moulin sharpens vision to stay ahead
Hong Kong: Buy
a pair of Benetton sunglasses and the chances are they are designed by
a small Hong Kong company that is the worlds third biggest
manufacturer of optical frames, behind only two giant Italian firms.
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Asia
courting hedge fund money
Hong Kong: Blasted
as havoc-wreaking by Hong Kong and profiteers of misery by Malaysia
during Asias financial crisis, five years later hedge funds are
more often courted in the region than shunned.
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