08 Jun '11, 12am

Price-fixing lawsuit costs #BritishAirways $109.8m

NEW YORK - BRITISH Airways has agreed to pay US$89.5 million (S$109.8 million) to settle a class-action lawsuit alleging that it conspired with other airlines to fix prices for hauling cargo. Chile's Lan Airlines SA and Lan Cargo, and Aerolinhas Brasileiras SA of Brazil also agreed to pay US$66 million to settle similar allegations, according to Hausfield LLP, the law firm that brought the cases and announced the settlements. It said it has now settled with 11 airlines around the world, for a total of almost US$434 million. Other settlements included Lufthansa for US$85 million and Air France-KLM for US$87 million. 'This was a true global conspiracy,' said attorney Michael Hausfield. The British Airways settlement covers actions between 2000 and 2006. It still needs approval by a federal judge in New York. British Airways did not immediately respond to a request for commen...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

Tweets

Singapore overtakes Hong Kong for expat costs

straitstimes.com 08 Jun '11, 9am

Singapore has overtaken Hong Kong to become the third costliest economy in Asia for expatriates' daily needs because of it...

Singapore overtakes Hong Kong for expat costs. ...

straitstimes.com 08 Jun '11, 10pm

Singapore has overtaken Hong Kong to become the third costliest economy in Asia for expatriates' daily needs because of it...

Dick and Cowboy awarded 1.75m yuan in Diking Jeans lawsuit: SHENYANG, CHINA: Taiwanese singer Dick and Cowboy, w...

Dick and Cowboy awarded 1.75m yuan in Diking Je...

channelnewsasia.com 06 Jun '11, 11am

SHENYANG, CHINA: Taiwanese singer Dick and Cowboy, was awarded 1.75 million yuan (S$331,000) in damages, after winning a l...