American International Group’s recent discussions with President Obama’s compensation czar have centered on whether the company should pay about $250 million in promised bonuses that come due during the next nine months.
Posts Tagged ‘International’
Damages paid to second NoW victim
The Guardian can disclose the identity of a second person to whom the News of the World’s owners have paid secret damages, following the hacking of her phone. She is Jo Armstrong, a legal adviser at the Professional Footballers Association.
The emergence of a second victim whose silence was effectively purchased in a sealed legal settlement, comes as News International, the tabloid’s owner, issued a statement after three days near-silence, about the hacking allegations disclosed by the Guardian.
Denying any systematic corporate policy of illegal behaviour, News International confirmed it had paid damages to Gordon Taylor, the chief executive of the Professional Footballers’ Association, who sued them for hacking into messages on his mobile phone.
The Murdoch organisation’s statement said after the Clive Goodman case “the only other evidence connecting News of the World reporters to information gained as a result of accessing a person’s voicemail emerged in April last year, during the course of the Taylor litigation.”
The Guardian understands Armstrong also sued the News of the World and is one of two other figures who received costs and damages on condition that she signed a confidentiality agreement.
Further evidence, which has been in the possession of Scotland Yard for some years, identifies a so far unnamed News of the World reporter who typed transcripts of more than 30 taped messages from the two hacking targets.
The Guardian understands the police documents name a second, senior, reporter to whom these transcripts were sent and a middle-ranking executive who offered the private investigator Glenn Mulcaire a sizeable cash bonus if he delivered the necessary facts for a News of the World exposure story.
Scotland Yard also obtained a further tape recording, sources say, on which a journalist identified only by his first name is heard receiving detailed instructions from Mulcaire to enable him to hack into Taylor’s messages himself.
Last night the Guardian said: “We are pleased that News International has, for the first time, confirmed its out-of-court settlement with Gordon Taylor … over the illegal interception of his phone messages.” The paper called for News International to authorise the release of all documents from investigations by the police as well as papers in the Taylor/Armstrong cases.
IRB sevens calendar revealed
Agri-firms Make Comeback At International Trade Exhibition
- ESTHER FUNG
After an absence of three years, agribusinesses will make a comeback, with
at least two participating in the Enterprise Exchange exhibition this
week.
“With prices of goods and commodities getting higher because of high oil
prices, land-owners and agricultural entrepreneurs would be interested in
finding out how to increase their yields,” said Dr Sung Do Song, director
of agricultural consultancy and fertiliser-maker Agro-Genesis.
Organised by Global Entrepolis @ Singapore (GES), this annual
international trade fair, the fifth since 2003, aims to attract up to
20,000 people to the Suntec City Convention and Exhibition Centre from
today to Thursday.
Besides the agri-businesses, there are about 350 companies from over 30
countries that will exhibit their offerings in the manufacturing, exchange
dealings and energy sector, said managing director Derrick Tan of Zenith
Events Management, organisers of GES 2007.



