Dresdner sues Enron tieup
New York: A legal battle that is casting light on Wall Streets multiple roles in the Enron Corp mess has brought the fallen energy firms best-known partnership affiliate to the brink of bankruptcy, The Wall Street Journal reported yesterday.
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Merrill takes on Allegheny
New York: Merrill Lynch & Co Inc said on Tuesday it is suing integrated utility Allegheny Energy Inc for refusing to pay $115 million as part of an agreement to buy the investment banks energy trading business last year.
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Superman in the works: If some body's game
London: A German scientist who caused a storm of protest with an exhibition of flayed human corpses is now looking for someone he can cut up and recreate as a new improved person. 
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Super Mario does too little after doing too much!
Bussels: Fresh from a court ruling that he over-reached his authority to halt mergers, European Union competition commissioner Mario Monti now faces contrary accusations of doing too little to protect competition.
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IBM to boost 2002 mobile services sales: reports
California: International Business Machines is set to boost revenues from wireless and mobile services this year from around $750 million in 2001, a source close to IBM said on Wednesday.
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Alcatel cuts jobs at Alcatel Space unit
Paris: French telecoms equipment maker Alcatel on Wednesday said it would cut 400 jobs at its Alcatel Space unit in the first half of 2003 as part of its latest wave of restructuring.
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Vivendi shakes up board, sets out asset sale strategy
Paris: French-American media conglomerate Vivendi Universal announced on Wednesday a shake-up of its board and plans to sell assets worth at least 12 billion over the next 18 months as it struggles to cut debt.
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Ford CEO sees no end to Detroit price war
Ford Motor Chairman and Chief Executive Bill Ford Jr. said on Wednesday that he sees no end to Detroit's brutal price wars any time soon.
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IMF sees world growth at 2.8% in 2002
Washington: The world economy is set to grow 2.8 per cent this year and a slower-than-anticipated 3.7 per cent in 2003, the IMF said in its twice-yearly World Economic Outlook on Wednesday.
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S&P threatens to downgrade Japan ratings too
New York: International credit ratings agency Standard & Poor's said on Wednesday it may downgrade Japan's sovereign rating unless the government took action to end deflation and resolve the problem of bad loans at banks. 
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