Bush seeks to deflect blame for tardy SEC filings
Washington: The White House on Wednesday blamed a "mix-up" by company lawyers for President George W Bushs failure to comply with stock sale disclosure rules more than a decade ago.
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Iraq ready to pay off its $8-b debt
Moscow: The new Iraqi ambassador to Russia has said his country is ready to pay off its $8-billion debt to Russia, a long-standing sticking point that has prevented the two countries from improving economic ties.
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Japan Tobacco to close eight tobacco units
Tokyo: The world's third largest tobacco firm Japan Tobacco said on Thursday that it would close eight domestic tobacco factories due to falling consumption and a prolonged economic slump.
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Air NZ plans to acquire 35 Airbus aircraft
London: Air New Zealand on Thursday unveiled plans to acquire up to 35 new Airbus aircraft to replace the Boeing fleet currently flying its short haul international routes.
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PetroChina, Shell consortium ink pipeline deal
Beijing: China's largest oil and gas producer PetroChina and a consortium led by Royal/Dutch Shell signed a framework agreement on Thursday for one of the most ambitious projects in the country's history -- a multibillion dollar gas pipeline stretching from its desolate western deserts to the eastern metropolis of Shanghai.
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Ex-SEC chairman named WorldCom monitor
New York: The judge in the federal accounting fraud suit against WorldCom on Wednesday appointed a former Securities and Exchange Commission chairman to monitor company document retention and prevent unwarranted payments to officers and employees.
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Jury awards $29 million in Bridgestone lawsuit
New York: An Orange County jury awarded a Bryan family $29 million in a lawsuit over a fatal rollover involving a sport utility vehicle with a Bridgestone/Firestone tyre.
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WorldCom trial set for March
New York: A federal judge set a March trial date on Wednesday for scandal-plagued telecommunications group WorldCom on alleged securities fraud.
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WorldCom woes: Messiers $18-m parting kick
Paris: Ousted Vivendi Universal chairman Jean-Marie Messier has negotiated a severance package valued at about $17.8 million, the Wall Street Journal reported on Wednesday.
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WorldCom's $104-bn assets valued at $3 bn
New York: WorldCom Inc. lists $104 billion in assets on its books. But the telecom company's real value to investors or to buyers who might want to pick up some of its assets is a fraction of that.
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No need for bailout in Brazil: IMF MD
New York: The present financial problems in Brazil are manageable and there is no present need for an International Monetary Fund bailout, IMF managing director Horst Koehler said on Thursday.
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