January 4, 2012
Swiss bankers charged in $1.2 billion tax fraud
Three Swiss bankers have been charged with helping American taxpayers hide more than $1.2 billion from the Internal Revenue Service, the U.S. Attorney's Office in Manhattan announced Tuesday. Michael Berlinka, Urs Frei and Roger Keller face up to…
January 4, 2012
Ecuador appeals court rules against Chevron in oil case
An Ecuadorean appeals court has upheld a ruling that Chevron should pay damages totalling $18.2bn (£11.5bn) over Amazon oil pollution. Chevron said the judgement was "illegitimate" and "a fraud". Texaco, which merged with Chevron in 2001, was…
January 4, 2012
BP asks Halliburton to pay for Gulf of Mexico spill
Oil giant BP has asked its contractor Halliburton to pay for all costs and damages that arose from the oil spill in the Gulf of Mexico. The claims were made in a filing by BP's lawyer Don Haycraft in a US Federal court. BP and Halliburton are…
January 4, 2012
Chinese oil company Sinopec agrees $2.2bn US shale deal
Chinese oil firm Sinopec has agreed a $2.2bn (£1.4bn) deal with Devon Energy, giving it access to shale deposits in the US. Sinopec will get a one-third stake in five new shale projects, with the firms expecting to drill 125 wells this year. China…
January 4, 2012
Oil prices soared Tuesday as tensions grew over key Persian Gulf oil
In midday trading, benchmark crude jumped US$3.55, or 3.6 per cent, to US$102.38 per barrel in New York. Brent crude, which is used to price foreign oil varieties that are imported by US refineries, rose US$3.26, or three per cent, to US$110.64…
January 4, 2012
Nicki Minaj performed at Dick Clark’s New Year’s Rockin’ Eve & Rihanna was where?
First lady of Hip Hop ended the old year by giving a fierce performance at at Dick Clark’s New Year’s Rockin’ Eve, even though she wasn’t in New York City for the live segment of the show, but her Hollywood performance was still very festive.…
January 4, 2012
Lauryn Hill arrives in Jamaica for Shaggy’s concert
Lauryn Hill, the talented singer, songwriter and actress, quietly slipped into Jamaica Monday night as she prepares to perform at the Shaggy and Friends Charity Concert set for January 7. The concert that will also feature performances from…
January 4, 2012
DESTRA PREPARING SURPRISE PERFORMANCE FOR JAMAICA
Destra Garcia promises fans attending the 2012 Jamaica Jazz and Blues Festival - The Art of Music this month some new flavors from her already impressive menu. "I am no stranger to Jamaica - everybody knows I can rock the house," said the soca…
January 4, 2012
Aretha Franklin announces engagement
Aretha Franklin has become engaged to her long-term friend William "Willie" Wilkerson. The 69-year-old soul legend and Grammy award-winner said she was hoping to marry over the summer. She told AP that she and Mr Wilkerson were considering Miami…
January 4, 2012
UK album sales fell in 2011 but digital downloads rose
Digital music sales continued to rise in the UK in 2011, but not by enough to prevent an overall decline in album sales, according to the BPI. The music industry body said that 26.6 million digital albums were sold, a 24% rise on the previous…