Elevator firms from Kone Oyj to Schindler Holding AG that were fined for conspiring to fix prices risk higher compensation claims after the European Union’s top court said cartels are liable when their illegal plotting leads to higher bills for customers across an industry.
Actor Hugh Grant and former U.K. Deputy Prime Minister John Prescott attended a dinner to honor Nick Davies, the Guardian newspaper reporter who in July 2009 broke the first story that phone hacking at News Corp.’s News of the World newspaper might extend beyond a “rogue” reporter.
U.K. lawmakers will debate calls for an urgent public inquiry into phone-hacking by Rupert Murdoch’s News of the World as allegations mounted that the newspaper tapped the voicemails of murder victims and their families and paid police officers for stories.
London’s Metropolitan Police, which is probing phone hacking at News Corp.’s News of the World tabloid, won a U.K. court ruling to avoid informing hundreds of victims about a judicial review of police handling of evidence.
London police are too close to the media and senior officers must be more transparent about contact with journalists, according to a report prompted by the phone- hacking scandal at News Corp.’s News of the World tabloid.
Rajat Gupta, the former Procter & Gamble Co. director indicted last year for insider trading, illegally tipped now-convicted hedge fund manager Raj Rajaratnam about P&G’s 2008 sale of Folgers Coffee Co. to J.M. Smucker Co., federal prosecutors said.
Rupert Murdoch’s News Corp. came under pressure from U.K. Prime Minister David Cameron to respond to “really appalling” allegations that its News of the World tabloid hacked into the voicemail of a murdered schoolgirl.