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.
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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.
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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.
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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.
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