Merrill ordered to pay couple $7.7 million
New York: Merrill Lynch & Co was ordered to pay a Pennsylvania couple $7.7 million in one of the largest awards to individual investors by a securities firm, the Wall Street Journal reported in its Wednesday online edition.
Back to News Review index page  
WorldCom ex-CFO likely to face indictment soon
Washington: Federal prosecutors plan to seek a grand-jury indictment against WorldComs former top finance executive as early as this week in connection with the $7.2-bn accounting fraud at the telecommunications company, The Wall Street Journal reported in its Wednesday online edition, citing people familiar with the matter.
Back to News Review index page  
Iran's Zam Zam Cola to quench pilgrims' thirst in Mecca
Baghdad: The fizzy Iranian soft drink 'Zam Zam Cola' could quench the thirst of two million Haj pilgrims during the annual Mecca visit next February, following a Saudi boycott of US cola giants Coca Cola and Pepsi.
Back to News Review index page  
Accounts: US regulator seeks vow from US, foreign firms
Washington: US regulators have voted to impose new rules forcing bosses of both US and foreign companies operating here to swear to the accuracy of their accounts. 
Back to News Review index page  
US budget tipped to hit $157 bn deficit in 2002
Washington: The US budget deficit is set to plunge to $157 billion this fiscal year, far deeper than first thought, the Congressional Budget Office said. 
Back to News Review index page  
GE Plastics to invest $100 mn in Asia in 2003
Shanghai: General Electric's plastics arm said on Wednesday it will invest about $100 million in Asia in 2003 to expand operations and meet anticipated rapid growth in demand over the next three years. 
Back to News Review index page