Archive for July 17, 2010
AIG Agrees To $725 Mln Payout To Settle Securities Fraud Lawsuit
Bailed-out U.S. insurer American International Group Inc. agreed to pay $725 million to settle a long-running securities fraud lawsuit led by three Ohio pension funds.
BP Pays Out $201 Mln In Gulf Coast Claims
BP (BP, BP.L) stated Friday that its payment to residents and businesses of the Gulf Coast has reached $201 million. In the past 10 weeks more than 32 thousand claimants received one or more payments.
Australia To Hold General Elections On August 21
Australia’s Prime Minister Julia Gillard declared general elections for August 21. Gillard, the first female prime minister, will seek another three-year term. Gillard, who was elected by the party on June 24 to replace Kevin Rudd, has been frantically trying to arrive at consensus on major disputes.
Apple To Offer Free Protective Cases For IPhone 4
Technology giant Apple Inc said it will offer a free protective case to iPhone 4 to overcome wide complaints of call drop. While speaking to selected media, Steve Jobs, chief executive officer of Apple apologized to the customers and portrayed the reception problem as a minor issue. Jobs offered a full refund to the handset [...]