Dassault accused of using banned middlemen for fighter sales
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Allegations that French aeronautic group Dassault used middlemen to push aircraft sales in India have raised a media storm here as French Foreign Minister Michel Barnier arrived Wednesday.
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Arnaud LagardÃ¨re, a shareholder in the European Aeronautical Defence and Space company, yesterday signalled a new shake-up of Europe&#39;s defence industry which could see EADS swallow up its smaller French rival, Thales, and acquire Dassault&#39;s fighter
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DVD copies of the movie âRambo,â starring and directed by Sylvester Stallone, below, are much in demand in Myanmar but very had to find, Agence France-Presse reported. That is because the police there have banned the film, in which Mr. Stallone portrays a Vietnam War veteran battling soldiers of the military junta that rules the country. âPolice have warned me I could go to jail for up to seven years if I sell the latest Rambo film,â said a DVD vendor who declined to be identified. Another seller said that at least 20 customers asked for it every day. One democracy advocate, who declined to say how he obtained a copy, said, âI watched the movie at home with my family and gave it to my friends because I wanted them to see it.â.
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Securities regulators are planning sanctions against a company that sold high-fee mutual funds to military officers, sources familiar with the situation said Friday. Some big fund companies said they may reconsider the "contractual plan" funds.
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Resellers are accused of selling products with fake Certificate of Authenticity labels.
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ALEXANDRIA, Va.  - The former No. 2 weapons buyer  for the U.S. Air Force was sentenced on Friday to nine months  in prison for negotiating a $250,000 job with Boeing Co. while  still overseeing billions of dollars of its business with the  military.
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Report alleges interrogators from two firms used methods that were not concurrent with military practice.
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Business & money: Â·  Payout comes despite claims of price-fixing Â·  Airline cites 'contractual obligations' for move
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A senior prosecutor recommended that Daniel Bouton be questioned by judges in connection with accusations he has made about a rogue traderâs role in SociÃ©tÃ© GÃ©nÃ©raleâs loss of billions of euros.
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Britain&#039;s Office of Fair Trading (OFT)  and the U.S. Department of Justice are investigating alleged  cartel activity involving British Airways Plc (BA)  and  other airlines, BA said on Thursday.
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The French bank said that the fraud had been committed by a trader in charge of hedging on European index futures.
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NEWARK, N.J.  - Briton Hemant Lakhani was an eager  salesman looking to make millions by selling missiles to  militants who wanted to down U.S. airliners, prosecutors said  in opening arguments of his federal trial on Tuesday.
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The former N.Y.S.E. trader, Donald R. Foley II, who worked at Fleet Specialists, faced two counts of securities fraud.
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A Dutch businessman accused by the U.S. government of illegally exporting U.S.-made aircraft parts to Iran said Wednesday he scrupulously followed regulations in the Netherlands and has received no word he is charged with a crime.
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Siemens, the German engineering company, banned its sales managers from using consultants for winning new orders after an investigation into whether money was embezzled through such agreements to bribe customers. âWe decided to introduce a general ban on the use of consultant agreements in our sales organization,â a spokeswoman, Monika Bruecklmeier, said. Exceptions can be granted only through the companyâs head of compliance, she said. An investigation of such payments has spread to at least six countries and forced the company to review 420 million euros ($544 million) in payments, and has put pressure on Siemens to explain how the suspected system of bribes went unchecked by top management.
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Congress' watchdog should  investigate how financial products are sold on military bases,  two senators urged on Wednesday, after reports some insurers  and mutual fund companies target soldiers with pricey,  questionable products.
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SAN ANTONIO, Texas  - U.S. immigration agents have charged an Oregon businessman with trying to buy batteries used in U.S.-built Hawk surface-to-air missiles for shipment to Iran, court documents showed on Thursday.