A few hours ago the US Supreme Court gave a ruling allowing Nigerian families to sue pharmaceutical giant Pfizer over the testing of an antibiotic on their children. Pfizer had appealed to the Supreme Court after the 2nd US Circuit Court of Appeals had agreed to let the compensation claims proceed in US courts. The victims [...]
BP has revealed that the cost of cleaning up the oil spill off the Gulf coast has now reached $2.65 billion. The figure includes spill response, containment, relief well drilling, grants to Gulf state and claims costs. The oil giant is now spending approximately $100 million to resolve the ecological and economic disaster. Incoming Tropical Storm [...]
Expectations of the new Australian Prime Minister, Julia Gillard, are high especially amongst the mining industry. For it was a dispute over the mining industry that brought down her predecessor, Kevin Rudd. Now mining companies are hopeful that she will not implement the 40 percent tax on mining profits Mr Rudd wanted to introduce from [...]
A judge has thrown out a $1 billion suit brought against the owners of Youtube, Google, by Viacom over claims that it allowed copyrighted material on the Youtube website without permission. Viacom’s main accusation surrounded “massive intentional copyright infringement”. However, the judge ruled that Google cannot be held liable for having a “general awareness” that [...]
Germany’s national carrier, Lufthansa, has announced an arbitration resolution to its dispute with its pilots over pay. This averts the prospects of further strikes. The pilots were offered job security in return for a pay freeze until March 2011. The deal came about after a long and bitter dispute between the company and pilots union. [...]
It has been announced that four Lloyds Banking Group websites have taken some of the top ten positions in the 2009 Experian Hitwise UK Online Performance Awards. In the “Business and Finance – Banks and Financial Institutions” category the Group saw its Internet Banking page take the number one position for the first time. In addition, three [...]
Bernie Madoff is the poster child for the unethical CEO. He ran a $50 billion Ponzi scheme that has ruined thousands of peoples’ life savings. It is equally amazing that so many people either colluded with Bernie or choose to believe his story because they wanted to receive the high percentage returns he claimed his [...]
Hydro Alternative Energy, Inc. a renewable energy company, announced today that it has recently added several new members to its Board of Directors. In welcoming the new members of the Board of Directors, co-founder and recently appointed President, Mark Antonucci, stated, “We are expecting great things from our new Board members with the vast knowledge, [...]
The latest research survey from Fasthosts Internet Ltd, a leading web hosting provider, has revealed that 1 in 3 British firms may be losing income by failing to treat emails from customers as seriously as they do postal letters. The Fasthosts study of 1495 firms* found that a worrying number still prioritise letters received over emails, [...]
The Ultimate Losses No one lost more than those 11 workers who died on April 20 in the massive explosion that engulfed the offshore oil rig in flames and sent it into the then-blue water of the Gulf. Their loss of life has been largely overlooked in the nonstop media coverage that has followed in [...]