Corporate security: Microsoft developing new software
Seattle: Microsoft is developing new technology to help companies control their internal documents - a move some fear could also stamp out whistleblowing on corporate wrongdoing.The new technology, announced on Friday, would let companies decide who can see, copy, print or forward e-mail and other digital materials. Access to documents could even be set to expire, so older files would remain encrypted and unreadable by anyone.
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GE to revamp pay structure of top brass
NewYork:General Electric has agreed to change the way it determines senior executive pay to exclude the effect of any income generated by the company pension plan, The Wall Street Journal reported on Friday.
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US junk bond defaults hit a record 16% in '02
New York:A weak economy, fraud and over-leveraged balance sheets pushed the US junk bond default rate to a record 16.4% in ‘02, and more pain lies ahead, Fitch Ratings said on Thursday
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Merrill, SEC agree on Enron settlement
Washington:Wall Street major Merrill Lynch has agreed to pay $80 million to resolve civil charges that it aided energy giant Enron in fraudulently overstating its earnings.
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China shuts down 45% internet cafes after safety inspections
Beijing:China has shut down 45 per cent of its internet cafes in a nation-wide safety crackdown launched after a fire last June at a Beijing cafe that killed 25 people, a senior official said.
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