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Business 01 Dec 2005 | 12:00 AM

De Beers to pay US$250m to settle accusations of overcharging

LONDON: De Beers SA, the world's largest producer of diamonds, Wednesday said it has agreed to pay $250 million (euro212 million) to settle four U.S. class-action lawsuits that accused it of overcharging.

Business 20 Jan 2006 | 12:00 AM

Google clashes with US government

SAN FRANCISCO: Google Inc. is rebuffing the Bush administration's demand for a peek at what millions of people have been looking up on the Internet's leading search engine - a request that underscores the potential for online databases to become tools of the government

Business 24 Apr 2006 | 12:00 AM

YGL buys HK-based IT company for RM400,000

YGL Convergence Bhd has bought 100% of SCS Information Technology (HK) Ltd (SCSHK) from Singapore Computer Systems Ltd (SCS) for about RM400,000.

Business 23 Jun 2006 | 12:00 AM

Britain and US probe price fixing by airlines

US and UK authorities have launched an investigation into alleged cartel activity over passenger ticket pricing by British Airways and other airlines, BA said yesterday.

Business 15 Jul 2007 | 12:00 AM

US supplements maker under heavy scrutiny

PROVO, Utah (AP): Dietary supplement maker Nature's Sunshine Products Inc. is coming under increasing scrutiny by federal regulators for auditing omissions, income tax returns and its foreign operations _ troubles that could threaten its stock-trading privileges.

Business 30 Jan 2008 | 12:00 AM

CME to buy Nymex for US$11bil

CME Group Inc, the world's largest derivatives exchange, hopes to broaden its reach by buying energy and precious metals market Nymex for US$11bil, the companies said on Monday.

Business 19 Aug 2008 | 12:00 AM

InBev to pay Anheuser CEO $10.4M at deal's close

MILWAUKEE (AP) - August Busch IV, chief executive of Anheuser-Busch Cos. Inc. will be paid nearly $10.4 million after the brewer is sold to InBev SA and $120,000 a month to consult for the new company through the end of 2013.

Business 31 Oct 2008 | 12:00 AM

Verizon told to sell assets with Alltel merger

WASHINGTON (AP) - The Justice Department on Thursday effectively gave Verizon Wireless the go-ahead to buy Alltel Corp. in a $28 billion deal that would create the nation's largest wireless carrier.

Business 04 Nov 2008 | 12:00 AM

Companies give free coffee, ice cream for election

MILWAUKEE (AP) - Voters will pick a new leader for the country on Tuesday, and maybe pick up some free coffee, ice cream and other goodies too.

Business 27 Feb 2009 | 12:00 AM

FBI arrests Stanford Financial Group exec

HOUSTON (AP) - FBI agents have arrested the chief investment officer of troubled Stanford Financial Group, accusing Laura Pendergest-Holt of obstructing a Securities and Exchange Commission fraud investigation.