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BA,
Qantas face suit as passenger suffers blood clot
Sydney: An Australian gave the go-ahead on Friday
to a landmark lawsuit against Qantas Airways and British
Airways over a blood clot suffered by a passenger on a
long-haul flight.
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Blum's
the boss at Burger King
New York: Burger King, the No 2 US hamburger chain,
reached outside the struggling fast food business for
its new chief executive by hiring a top official from
a fast growing chain of Italian restaurants.
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Airlines
push for new labour laws
Washington: Major airlines are laying the groundwork
for their biggest push yet to get Congress to change the
law for resolving airline union contract disputes, claiming
such action is necessary to help the industry recover
from its worst financial downturn.
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US
Inc. to pay $1 billion in fines
Washington: As the US government intensified its
crackdown on corporate fraud, America's leading investment
banks and brokerage houses have announced they will pay
a hefty fine totalling $1 billion to settle allegations
of conflicts of interest.
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French
court convicts billionaire Soros
Paris: A French court convicted American billionaire
investor George Soros of insider trading and fined him
$2.2 million on Friday.
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Bayer
sets aside $257 mn for Medicaid rebate probe
New York: Bayer AG set aside $257.2 million to
settle allegations that Germany's biggest drug-maker underpaid
rebates for medications used by patients in the US government's
Medicaid health plan for the poor.
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Skandia
sells US business at heavy loss
New York: Swedish insurer Skandia has sold its
troubled subsidiary American Skandia to US banking and
insurance group Prudential Financial for $1.15 billion,
taking a large capital loss, it said on Friday.
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