Sun, Jun 22, 2008 News Editorials 627213431 visits
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    Court approves record buyout of BCE

    FAIR DEAL?: The Canadian Supreme Court was asked to decide what a board must consider in a buyout, after a lower court said bondholders' rights had been trampled
    BCE Inc on Friday won the right to go ahead with the largest leveraged buyout in history, a US$35 billion deal that the telecommunications company's bondholders fought, saying it would reduce their holdings to junk.

    [ FULL STORY ]


    Countries argue over role of speculation in oil prices

    Oil powers and consumers haggled yesterday over how much to blame market speculators for the spectacular rise in crude prices ahead of a summit on the energy crisis, officials said.

    [ FULL STORY ]


    US makers of steel pipe win against China in trade case

    US steel pipe manufacturers, who have been battling a surge in imports from China, won a major victory on Friday when the International Trade Commission cleared the way for the imposition of stiff penalty tariffs for the next five years.

    [ FULL STORY ]


    Engineers remember first computer in UK

    'THE BABY': The Small Scale Experimental Machine filled a laboratory but could not compete with a modern calculator and took 52 minutes to solve its first math problem
    Weighing in at more than 1 tonne and comprising 1,500 valves and miles of wiring, it is not what most people would recognize as a computer.

    [ FULL STORY ]


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