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Business

US-Industry summary

Comcast Corp is a potential bidder for Time Warner Cable Inc, CNBC said on Friday, citing people familiar with the situation. Comcast shareholders are encouraging management to consider a Time Warner Cable deal, these sources told CNBC

Business

IMF's Lagarde escapes formal investigation in court

PARIS: French magistrates decided on Friday not to place IMF chief Christine Lagarde under formal investigation over her role in a 285-million-euro (243.6 million pounds) arbitration payment made to a supporter of former president Nicolas Sarkozy.

Business

Ex-IMF's Strauss-Kahn accuser lied about details

NEW YORK: A law enforcement official tells The Associated Press the accuser in the New York City sex assault case against a former International Monetary Fund leader has lied about what happened in the hours surrounding the alleged attack

Business

Ex-IMF leader pleads not guilty to sex assault

NEW YORK:Dominique Strauss-Kahn formally asserted his innocence Monday to charges he tried to rape a hotel maid, but the drama unfolded outside the Manhattan courtroom as protesters jeered the former International Monetary Fund leader and lawyers for the housekeeper said she was eager to testify despite a smear campaign against her.

Business

IMF head Strauss-Kahn accused of 2002 sex assault

PARIS: French voters who've shrugged at politicians' infidelities for decades are suddenly grappling with something far more serious: allegations that International Monetary Fund head Dominique Strauss-Kahn engaged in a pattern of sexual assaults dating to at least 2002.