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Hannes Smarason facing whole slew of cases

Hannes Smarson is facing embezzlement charges is his role in the misappropriation of funds from FL Group hf during his time as its chairman.


Bank of America and executive to pay damages for shoddy loans under the 'Hustle' program

The Hustle, as it was known, rewarded volume instead of quality for mortgages sold by Bank of America to Fannie Mae and Freddie Mac.

Samsung vs. Apple takes a new turn

A new issue had arisen between the epic patent infringement battle between Samsung and Apple. A judge has found that Samsung violated a court ordered agreement as to the secrecy of Apple documentation filed on the case.

Australia's asylum seeker agreement with Indonesia to be reviewed

A diplomatic stand off between Australia and Indonesia was averted when the Australian Immigration Minister had ordered the boat people be brought to Christmas Island.


Latest News

Cargill India to construct industrial factories located in Punjab. Cargill, the agriculture firm, announced recently the preparedness in constructing INR 100 crore ultra modern feed plant located int he Malwa belt in Punjab.
Employment, salaries, automotive and other industries grow after the sixteen day US government furlough.
EC Harris and Mace would form a joint venture to manage the construction of Kingdom Tower. The United Kingdom's EC Harris and Mace had signed a joint venture agreement to provide project management services.
According to Global Finance, the National Bank of Abu Dhabi is acclaimed as the world's safest bank.
Al Meera would be working with Al Muftah and Al Aliaa to construct malls in Qatar. Retail giant from Qatar, the Al Meera Consumer Goods Company had announced it had signed an agreement to build seven new neighborhood shopping malls in the country.
Retail giant Lulu Hypermarkets, under the leadership Yussuffali MA is expanding to Asia, North Africa and Middle East.
Bo Xilai's political supporters have formed a political party named Zhi Xhian Party where Bo Xilai was named as 'chairman for life'.
China's key Communist Party meeting expected to yield monumental economic and political reforms.
Newly named BlackBerry executive chairman and interim CEO John Chen doesn't doubt the Canadian company's ability to make a comeback.
US manufacturers Remington and Winnebago recently branched out to clothing and accessories, outdoor apparel and camping gear.