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Olympus sues execs over scandal, shares surge on M&A hopes →  January 10, 2012

TOKYO (Reuters) – Japan’s disgraced Olympus Corp is suing 19 current and former executives, including its current president, for up to almost $50 million in compensation, as it struggles to recover from one of the nation’s worst accounting scandals. The maker of cameras and medical equipment said on Tuesday all board members subject to the […]

Olympus sues execs over scandal, shares surge on M&A hopes →  January 10, 2012

TOKYO (Reuters) – Japan’s disgraced Olympus Corp is suing 19 current and former executives, including its current president, for up to almost $50 million in compensation, as it struggles to recover from one of the nation’s worst accounting scandals. The maker of cameras and medical equipment said on Tuesday all board members subject to the […]

Ex-Sun Editor Defends ‘Bullish’ Approach →  January 9, 2012

Former editor of The Sun, Kelvin MacKenzie, has told the Leveson Inquiry he had a “bullish” approach to journalism and that editors after him were right to be cautious. Mr MacKenzie, who edited The Sun from 1981 to 1994 and oversaw some its most famous front pages – including one headlined Freddie Starr Ate My […]

RBS Executive Set For £4m Payout, Reports Say →  January 9, 2012

Royal Bank of Scotland is 83% owned by the British taxpayer 2:43pm UK, Monday January 09, 2012 A senior executive at state-owned Royal Bank of Scotland is reportedly due to receive a £4m bonus this year, despite the Prime Minister saying he plans to stop bosses being rewarded for failure. John Hourican, the head of […]

Man and three children die after fire breaks out in family home in the night →  January 9, 2012

The four were named as Reece Smith, 19, four-year-old twins Holly and Ella Smith and Jordan Smith, two Mother Michelle Smith was celebrating her 36th birthday with friends at home when blaze broke out Eldest son Reece ran into house in doomed attempt to save siblings Grandfather Keith Smith, 56, ‘deeply shocked’ by tragedy By […]

Once struggling U.S. auto market now industry bedrock →  January 9, 2012

DETROIT (Reuters) – Welcome to an unlikely beacon of hope for the global auto industry — Detroit. Executives arriving this week for the Detroit auto show find a U.S. car market that has morphed from meltdown three years ago to a safe haven as concerns grow about the stability of other big economies, from Europe […]

PM Backs Shareholder Curbs On Bosses’ Pay →  January 8, 2012

David Cameron has indicated he will back plans for shareholders to have a veto on executives’ pay amid growing demands to curb lavish salaries and bonuses. Until now shareholder votes on pay deals have not been binding so they have been unable to block large payouts to bosses. But Mr Cameron says he is determined […]

Mother Survives Fire That Kills Four Children →  January 8, 2012

A teenager and three young children have died following a blaze at a house from which their mother was rescued. Michelle Smith, who had celebrated her 36th birthday on Saturday and has five other children, was led out of the property by firefighters and is not thought to be hurt. The victims have been named […]

Paul Scholes Makes Shock Return to Man Utd squad →  January 8, 2012

Click “Like” to read the full article As Man Utd suffer from a continued injury crises Paul Scholes, who has expressed his desire to make a return for one season has made a shock return to the premiership team. Former England midfielder Paul Scholes, who retired at the end of last season, has rejoined Manchester […]

Sir Clive Woodward: if I had been England manager I would have done things differently to Martin Johnson →  January 8, 2012

“I am not saying the way I did it was right or wrong but it would have been different. “Okay, I was successful but it would be wrong to say that was the blueprint. “But you are judged on results off the pitch as well as on it and you have to get that right.” […]

What happens in Dubai… Birthday party group have night (not) to remember racking up $108,357.80 bar tab (and they did it all in TWO HOURS) →  January 8, 2012

If the Cavalli Club’s birthday guests can’t remember that night out in Dubai last week, their receipt has been kindly published online to the eyes of those less fortunate to have attended. The two hours spent out managed to total a $108,357.80 bar tab (387,988 in UAE) according to the receipt published over Twitter this […]