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Mitsubishi Fuso names new President and CEO
Tokyo: Japanese truckmaker Mitsubishi Fuso Truck & Bus has announced that current President Wilfried Porth would be replaced on June 27 by Harald Boelstler, vice president of Mercedes-Benz Passenger Car Procurement.

Eighty-five per cent of Mitsubishi Fuso is owned by DaimlerChrysler AG of Germany.

Mitsubishi Motors Corp acknowledged five years ago it had been hiding auto defects for decades to avoid recalls. Porth, 46, was sent to Mitsubishi Fuso by DaimlerChrysler in 2003 to lead a turnaround at the truckmaker. He will return to DaimlerChrysler in Europe after helping with the transition to new management, the company said.

Boelstler, 54, has experience in Japan, where he was senior executive officer for global procurement and supply for Mitsubishi Motors Corp. from 2001 to 2002.
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Yukos's Khodorkovsky found guilty of fraud
Moscow: A Moscow court on Tuesday declared tycoon Mikhail Khodorkovsky guilty of an array of charges including fraud and tax evasion sentencing him to nine years in prison, minus time already served.

Khodorkovsky, the former head of the Yukos oil company and once estimated to be Russia's richest man, will now have to serve another seven-and-a-half years in prison, less the time already served.

Also sentenced to nine years in prison on the same charges was Khodorkovsky's business partner, Platon Lebedev.
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