WHAT DO YOU THINK OF THE DECISION TO DROP THE FUEL TAX? June 27, 2012 MICHAEL PERISSINOTTO MIZUHO “Obviously it is good for drivers but the question is where is the money coming from. It would help people to have confidence in the government if it said more about why it has made decisions.” TIM DAVIES CALYPSO TECHNOLOGY “I think George Osborne’s decision is probably a good idea with the [...]
Microsoft’s multi-million fine is upheld by Europe General Court June 27, 2012 MICROSOFT yesterday lost its appeal against an EU decision penalising it for defying an antitrust ruling, bringing nearer to an end a decade-long battle with the European Commission over the US software group’s business practices. However, judges at the General Court – Europe’s second-highest – reduced the fine by 4.3 per cent to €860m (£688.9m) [...]
German banker jailed for over eight years in F1 bribery case June 27, 2012 A JUDGE jailed a German banker for more than eight years yesterday for taking $44m (£28.2m) in bribes during the sale of Formula One in a case that centred on a payment from Bernie Ecclestone, the motor sport’s commercial chief. Presiding judge Peter Noll convicted BayernLB’s former chief risk officer Gerhard Gribkowsky of tax evasion, [...]
No bonuses for top Sony execs after mega loss June 27, 2012 SONY’S top executives got a rap on the knuckles yesterday as the Japanese company declined to pay them bonuses after the company sank to a record loss last year. Neither former chief executive Sir Howard Stringer nor current boss Kazuo Hirai were awarded a cash bonus for the year to 31 March, during which Sony [...]
Samsung banned from selling Galaxy Tab 10.1 device in the US June 27, 2012 APPLE has triumphed in the latest round of patent battles with its archrival Samsung after a US judge yesterday backed the iPad maker’s request to halt sales of the Galaxy Tab 10.1 device. “Although Samsung has a right to compete, it does not have a right to compete unfairly, by flooding the market with infringing [...]
TalkTalk tops telco complaints table June 27, 2012 TALKTALK is again the most complained about telecoms provider, according to data published yesterday by Ofcom. The regulator said it is sent over 300 grumbles a day about telecoms services, which it publishes in a bid to promote competition and assist customers in choosing the right provider. In the first quarter of 2012, TalkTalk generated [...]
Ultra Electronics goes cyber June 27, 2012 Ultra Electronics, the defence, transport and energy technology company, announced yesterday it has snapped up Barron McCann Technology and Payments companies for £12m. Known as BeMac, the two businesses, which provide cyber security services to financial and military agencies as well as the UK government, will be absorbed into Ultra’s existing operations.
Whitefox to appeal Tate & Lyle case June 27, 2012 British group Whitefox Technologies is to appeal against a US court ruling made against it in a dispute with Tate & Lyle which an analyst said could win the London-based sweeteners and starch company over £10m. The trial before the Supreme Court of the State of New York related to equipment and technologies supplied by [...]
Porsche plaintiffs suffer setback June 27, 2012 Investors suing Porsche over its botched 2008 takeover of Volkswagen suffered a setback to claims for more than €4bn (£3.2bn) of damages as German court hearings yesterday exposed initial cases as sketchy. Swiss investment company My Capital-MC and a German private investor are seeking compensation for €4.7m of losses from short-selling VW shares in a [...]
Northgate reintroduces dividend June 27, 2012 Van rental company Northgate reported an 11 per cent increase in full-year profit as higher hire rates and a rise in used vehicle sales boosted its UK segment. The British company said underlying pretax profit rose to £59.7m for the year ended 30 April from £53.8m last year. Northgate’s board recommended the re-introduction of a [...]
