Author: Admin

Former Satyam CEO Raju, his brother and CFO arrested and detained in profit-fraud scandal

Monday, January 12, 2009 Byrraju Ramalinga Raju, founder and chairman of Satyam Computer Services, and his brother, B. Rama Raju, the company’s managing director, were arrested late Friday by Andhra Pradesh police. The brothers were placed under judicial custody in a Hyderabad, India jail and will remain there until January 23. Facing charges of criminal […]

Australia wins dramatic second Ashes Test

Tuesday, December 5, 2006 Australia has clinched a dramatic win in the second 2006-07 Ashes Test match in Adelaide. In a massive swing of dominance and control, England forfeited a huge advantage on the fifth and final day after controlling the Test for the first four. England won the toss and batted first on the […]

P&G to acquire Gillette for US$57 billion

Friday, January 28, 2005 New York —American manufacturing giant Proctor & Gamble (P&G) plans to acquire Gillette Co. for US$57 billion in stock. The purchase plan calls for P&G to swap 0.975 shares of its stock per share of Gillete Co. P&G also announced a stock buyback program in which they would purchase up to […]

A portrait of Scotland: Gallery reopens after £17.6 million renovation

Thursday, December 1, 2011 Today saw Edinburgh’s Scottish National Portrait Gallery reopen following a two-and-a-half-year, £17.6m (US$27.4m) refurbishment. Conversion of office and storage areas sees 60% more space available for displays, and the world’s first purpose-built portrait space is redefining what a portrait gallery should contain; amongst the displays are photographs of the Scottish landscape—portraits […]

Euro reaches new lows

Friday, July 15, 2011 On Tuesday, the Euro fell to a new record low in relation to the Swiss Franc, and to multi-month lows against the U.S. Dollar and Japanese yen; all considered by investors to be safe currencies during times of economic turmoil. The Wall Street Journal reported earlier that recent comments from the […]

US Supreme Court allows ‘light’ cigarettes lawsuits

Wednesday, December 17, 2008 The United States Supreme Court on Monday ruled that “tobacco companies that marketed ‘light’ and ‘low tar’ cigarettes may be sued for fraud.” The 5-to-4 judgment is expected to open the way for dozens of lawsuits claiming billions of dollars in damages. In the certiorari ruling penned by Justice Stevens, the […]