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ATHENS: Greece's drive to crack down on flagrant tax evaders such as doctors and lawyers is flagging and must be reinvigorated, a report by the European Union and International Monetary Fund said on Monday.
U.S. Justice Department lawyers are recommending that Oracle Corp.'s hostile takeover bid for business software rival PeopleSoft Inc. be blocked for antitrust reasons, a step that could kill the proposed $9.4 billion deal before shareholders get a chance to vote on it.
Three directors of China Aviation Oil (Singapore) Corp. were given a three-week extension Thursday to prepare for a pretrial hearing on charges linked to risky oil trades that pushed the jet fuel supplier to the brink of bankruptcy, their lawyers said.
A judge has approved a $1.8 million (euro1.5 million) class action settlement between Hilton Corp. and guests who stayed in a mold-infested Waikiki hotel tower, lawyers for the plaintiffs said.
Holders of billions of dollars of bonds from OGX are being urged by lawyers to quickly engage with the troubled Brazilian oil and gas company, which could be headed toward the biggest corporate debt restructuring in Latin America ever.(OGX has already sold a 40% stake in one offshore field to Malaysia's Petronas, and has made a US$449m cash payment to sister company OSX).
NEW YORK: The government's star witness in its insider trading case against SAC Capital Advisors' Michael Steinberg faced a final day of questioning on Wednesday, as lawyers sparred over whether he was a credible cooperator or a liar.
NEW YORK: U.S. authorities are probing UBS AG