GETTING SERIOUS: Accusing the toy industry of inadequate safety measures, US senators proposed a long list of legislative changes to root out dangerous goods
Mattel's chief executive apologized to the US Congress on Wednesday for failing to stop toys coated in lead paint from reaching consumers and vowed to take immediate steps to prevent it from happening again.

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`BANGALORED': IT firms in India are starting to set up shop in time zones and locations closer to their clients as wage bills soar and the talent pool shrinks
Indian IT firms that thrived on the outsourcing boom in the West are themselves headed offshore from Malaysia to Mexico to escape the double sting of surging salaries and a rising rupee.

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A US federal judge halted an import ban on mobile phones by Qualcomm Inc, a rare legal victory in a long-standing patent dispute with rival Broadcom Corp.

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Britain's Treasury chief, underscoring official concern about shaky loan portfolios, has urged banks to rein in easy credit in favor of "good old-fashioned banking," a newspaper reported yesterday.

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The US Securities and Exchange Commission (SEC) has charged four more former Nortel Networks Corp executives with accounting fraud, alleging that they manipulated reserves to change Nortel's earnings statements on the orders of more senior officers with the Canadian networking equipment maker.

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