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Open software group complains against MicrosoftA Spanish association representing open-source software users has filed a complaint against Microsoft Corp to the European Commission, in a new challenge to the Windows developer following a hefty fine earlier this month. The 8,00 More… |
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Microsoft fined $730m for breaking EU promiseEU antitrust regulators fined Microsoft 561 million euros ($731 million) on Wednesday for breaking a promise to offer European consumers a choice of web browser. Microsoft had made the pledge in 2009 in settling an antitrust inves More… |
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StanChart set for record $7bn profitStandard Chartered is set to report its 10th successive record annual profit on Tuesday after strong growth in its core Asian markets offset a big fine for breaking sanctions on Iran. A $667 mil More… |
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How UBS manipulated interest ratesSwiss bank UBS has been fined $1.5 billion by British, Swiss and US regulators to settle charges of manipulating global benchmark interest rates. UBS said on Wednesday it will pay $1.2 billion t More… |
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Toyota fined $17.35m for US floormat recall delayToyota Motor Corporation has agreed to a record fine of $17.35 million for failing to report a safety defect to the US government in a timely manner, but maintained it has done nothing wrong. Toyota announced a recall of 154,036 2 More… |
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UBS faces $1bn fine for UK Libor riggingSwiss bank UBS faces a fine of about $1 billion next week to settle charges of rigging the London interbank offered rate (Libor) interest rate benchmark, a person familiar with the situation said. Such a penalty would be more than More… |
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HSBC to pay record $1.9 billion fine in USHSBC has agreed to pay a record $1.92 billion fine to settle a multi-year probe by US prosecutors, who accused Europe's biggest bank of failing to enforce rules designed to prevent the laundering of criminal cash. The US Justi More… |
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HSBC faces $1.5bn US fine blowA US fine for anti-money laundering rule breaches could cost HSBC significantly more than $1.5 billion and is likely to lead to criminal charges, said the Europe's biggest bank. HSBC said the US investigation had damaged the b More… |
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StanChart close to US deal on Iran transactionsStandard Chartered is close to wrapping up discussions to resolve US investigations into its Iran-linked transactions and nearing agreement on a fine in the $300-million range, mirroring a much-publicized state settlement over similar allegation More… |
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Iraq fines Asiacell, Korek for failing to listIraq's communications regulator has decided to fine mobile phone operator Asiacell $8,500 per day since September 1, 2011 for failing to list on the local stock exchange, a senior official at the body said on Tuesday. Ahmed Alomary, commis More… |
