Morgan Stanley sues NTL for ?7m
NTL, the debt-laden cable company, is being sued by Morgan Stanley, one of its closest banking advisers, for more than £7m in unpaid fees.
The US investment bank i...
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Union 'taken to cleaners for $2m
It started with an extra union payment of $144 (£90) deducted at source from the salaries of 5,000 members of the city's teachers' union.
But what seemed at first ...
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Cyber theft will net millions as Christmas shoppers go online
Online retailers are set to lose almost £100 million in business over Christmas and New Year as gangs of fraudsters cash in on the internet sales boom. While high st...
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Power to the people
The outrage generated by yesterday's revelation that Nestlé is demanding a £3.7m payment from famine- and debt-ridden Ethiopia has doubtless already been transl...
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Nestle claims £3.7m from famine-hit Ethiopia
The multinational coffee corporation, Nestle, is demanding a $6m (£3.7m) payment from the government of the world's poorest state, Ethiopia, as the country struggles...
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Conseco announces bankruptcy
US insurance and finance company Conseco Inc became the third largest bankruptcy in US history last night after filing for protection from its creditors.
Conseco - based...
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Forget retiring to the seaside and thoughts of a world cruise - it's B&Q for the lot of you
The government announced its long-awaited strategy to tackle the growing pensions crisis yesterday when it offered simpler pensions and abolished the fixed retirement age...
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Railtrack shareholders to receive payout
Railtrack shareholders will shortly get the first 200p per share payment of a 250-260p liquidation deal, it was announced today.
The money will be paid out on January 1...
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No more rewards for failure, companies told
Institutional investors will today make it clear to companies that they will no longer tolerate giving big "rewards for failure" to outgoing executives.
The Association...
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Government changes tack over fees
The government had shifted its position on top-up fees significantly in favour of a system of post-university payments by graduates, Charles Clarke, the education secreta...
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