Singapore Airlines Cargo (SIAL.SI) has agreed to plead guilty in a US price-fixing case and pay a US$48 million ($63.4 million) criminal fine, the US Justice Department said on Tuesday.
The cargo division of Singapore Airlines agreed to plead guilty to a single felony count for its part in the cargo price-fixing conspiracy, which has now ensnared 20 airlines.
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Even as uncertainty prevails over Pakistan cricketer Kamran Akmal’s future following his implication in the spot-fixing scandal, the discarded wicketkeeper denies taking the ‘fixing’ allegations against him “seriously,†and says that he has not seen any fellow player do anything inappropriate on the field during his eight-year stint. “I have never taken these allegations seriously [...]
Oracle, which now owns the Sun server, storage and workstation franchises, filed a new legal action against Micron, charging the company with price fixing over a span of about five years. – Data center software and systems maker Oracle, which has seen its
own share of litigation over the past several years–especially
involving the acquisition of Sun Microsystems–is seeking legal
restitution against solid-state memory maker Micron for alleged
price fixing.
Oracle, which now o…
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LONDON (Agencies) – Pakistan’s cricket team were embroiled in an alleged betting scam Sunday after British police arrested a man on suspicion of conspiracy to defraud bookmakers during a Test match against England.
The News of the World newspaper said it paid 150,000 pounds (230,000 dollars, 185,000 euros) to a middle man in return for details about the timing of three no-balls in the match, which ended Sunday in victory for England.
The report said two Pakistan bowlers, Mohammad Aamer and Mohammad Asif, delivered the blatant no-balls at the exact points in the match agreed with the alleged fixer.
The Pakistan team manager said the bowlers and captain Salman Butt had been interviewed by Scotland Yard detectives about the allegations and police took away their mobile phones.
Yawar confirmed that phones had been removed. “Telephones yes, only these three gentlemen.
The police have taken their mobile phones away,” he said. “The skipper, and Asif and the third one was Mohammed Amir”.
The newspaper published a photograph of the alleged middle man, Mazhar Majeed, counting wads of banknotes given to him by a reporter posing as a front man for a betting syndicate.
A spokesman for London’s Metropolitan Police told AFP: “Following information received from the News of the World we have arrested a 35-year-old man on suspicion of conspiracy to defraud bookmakers.”
The match, the fourth and final Test between the two countries, resumed as normal at LordÂ’s on Sunday with Pakistan collapsing to defeat with the rapid loss of six wickets to give England victory in the four-match series.
Unusually, the post-match presentation ceremony did not take place on the outfield but was moved inside to the Long Room of the LordÂ’s pavilion.
During the ceremony, England and Wales Cricket Board (ECB) chairman Giles Clarke refused to shake AamerÂ’s hand when presenting him with the Pakistan Man of the Series award.
The International Cricket Council stressed that no players or team officials had been arrested over the fixing claims.
A defiant Butt insisted he would not resign the Test team captaincy over the claims.
“Anybody can stand out and say anything about you, that doesn’t make them true,” he said.
The latest allegations will heap further suspicion on cricket in Pakistan, which is already at a low ebb.
Pakistan have been unable to play matches at home since a terror attack on the Sri Lanka team bus in Lahore in March last year effectively turned the country into a ‘no-go area’ for international cricket.
The team has been dogged by ‘fixing’ allegations since the 1990s and also embroiled in ball-tampering.
Apples App Store is the worlds most popular mobile marketplace. With more than 200,000 applications available, it has quickly become the place where users go to extend the functionality of their iPhone, iPod or iPad. And with the competition lacking in terms of available apps and the diversity of programs available, Apple has little to worry about going forward. But there are still some glaring issues with the companys App Store that need to be overcome. Yes, it might be the worlds biggest app store, and it offers some really nice programs, but there is much to be desired in Apples store. And its about time Apple starts working on fixing those issues before the competition finds ways to capitalize. This slide show examines some of the problems that still plague Apples App Store. – …
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Not only is Congress bought and paid for by the powers that be, but politicians have a built-in conflict of interest against actually solving problems. As a reader notes in the most cynical – but perhaps insightful – summary of U.S. politics I have see…
There is nothing more annoying than turning on your computer and trying to get some work or browsing done only to get an error that something is wrong. DLL errors are fairly common and happen to all of us at least once in our computer-owning lifetime. That, however, doesnt make them any less annoying. If you have ever experienced a DLL error, you likely want to know how to fix the problem as quickly and as easily as possible.
Dell named Sharp, Hitachi, Toshiba, Seiko Epson and HannStar Display in a lawsuit filed in San Francisco March 12, alleging that the manufacturers were fixing display prices at Dells expense.
– Computer maker Dell is suing five Asian manufacturers for allegedly plotting
to set prices and overcharge Dell for the display panels they create.
Japan-based Sharp, Hitachi, Toshiba
and Seiko Epson, and Taiwan-based HannStar Display were named in the suit that
Dell filed in a U.S. District…
British glamour girl Jordan was said to be trying to arrange beau Alex Reid’s early eviction from the house of Celebrity Big Brother.
The 31-year-old, a.k.a Katie Price, is reportedly urging friends and followers not to vote for her cross dressing cage fighter lover.
“Ahhhh cant wait for alex to get out. Sooo missing him, 8 more [...]
Why it is important to put a price on nature
THE insight that nature provides services to mankind is not a new one. In 360BC Plato remarked on the helpful role that forests play in preserving fertile soil; in their absence, he noted, the land was turned into desert, like the bones of a wasted body. The idea that the value provided by such “ecosystem services” can be represented by ecologists in a way that economists can get to grips with, though, is rather newer. A number of the thinkers who have made it a hot topic in the past decade gathered at a meeting on biodiversity and ecosystem services held by the Royal Society, in London, on January 13th and 14th. They looked at the progress and prospects of their attempts to argue for the preservation of nature by better capturing the value of the things – such as pollination, air quality and carbon storage – that it seemingly does for free.
Environmental valuations aim to solve a problem that troubles both economists and ecologists: the misallocation of resources. Take mangrove swamps. Over the past two decades around a third of the world’s mangrove swamps have been converted for human use, with many turned into valuable shrimp farms. In 2007 an economic study of such shrimp farms in Thailand showed that the commercial profits per hectare were $9,632. If that were the only factor, conversion would seem an excellent idea. …
Chi Mei Optoelectronics agrees to pay a $220 million fine for participating in a worldwide conspiracy to fix prices in the $70 billion TFT-LCD market. Apple, Dell and Hewlett-Packard are major buyers of TFT-LCD panels.
– A TFT-LCD maker has pled guilty to conspiracy to fix prices in the sale of
LCD panels. Chi Mei Optoelectronics, based in Tainan,
Taiwan, was hit with
quot;$220 million in criminal fines for its role quot; and agreed to cooperate
with U.S.
federal authorities, the Department of Justice said in …
Nokia has filed lawsuits against liquid crystal display and cathode ray tube makers that it alleges were involved in price fixing for a decade. Samsung, Toshiba, Sharp, Philips, Hitachi and LG Electronics are all named in the suits.
– Nokia, the worlds largest mobile phone maker, has filed a suit
against several liquid crystal display (LCD) and cathode ray tube (CRT)
makers, according to reporting from the Associated Press and Dow Jones.
The LCD makers, or their subsidiaries named in the case, are reportedly
Toshiba, Sharp,…
Many of us have encountered a Windows runtime error before. At best, it annoys you, but it can also cause system instability and data loss, especially when you are doing some work when the runtime error occurs.
America is in the most severe unemployment crisis since – and perhaps including – the Great Depression.And yet Obama, like Bush, has done virtually nothing to create more jobs. Instead, they both gave trillions to the biggest banks (who are not loaning…
Microsoft responded to New York Times columnist Nicholas Kristof’s assertion, made in a Nov. 20 column, that Bing offers pro-Chinese-government results for politically sensitive queries inputted in simplified Chinese. Microsoft now asserts that those results are related to what the company calls a bug that will be fixed soon, although Kristof argues the company told him the same thing in June. Microsoft follows Google in experiencing political problems while trying to disseminate the Chinese version of its search engine.
–
Microsofts Bing may be gradually expanding its share of the
search market, but the search engine and by extension, Redmond finds itself
under fire from New York Times columnist Nicholas Kristof.
In a Nov.
20 column, Kristof accused Microsoft of “craven kowtowing” to the Chinese
government …
