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Arcelor Mittal appoints Lakshmi N. Mittal as new CEO

Arcelor Mittal, a merged group made up of the world's leading steel companies, Mittal Steel and Arcelor, on Monday announced the re-organization of the company’s senior management structure and appointed Mr. Lakshmi N. Mittal as the new Chief Executive Officer of the merged steel group.

Snipes accused of Tax Humbug

Wesley Trent Snipes, American actor, martial artist and film producer, best known for his role as the eponymous vampire hunter in the ‘Blade’ trilogy of movies, has been accused of tax fraud and conspiracy after a four year inquiry by the Internal Revenue Service (IRS).

HP appoints Jon Hoak as new chief ethics officer

Hewlett-Packard, a technology solutions provider to consumers, businesses and institutions globally, on Thursday announced the appointment of Jon Hoak as vice president and chief ethics and compliance officer.

Airbus CEO Streiff pulls up stakes after 3 months

The CEO of aircraft manufacturer Airbus, Christian Streiff, resigned the post on October 9, 2006, a little more than three months after he accepted the position.

Inflation Study fetches Nobel Prize for Economist Phelps

The 2006 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, commonly known as the Nobel Prize in Economics, was bagged by America’s Edmund S Phelps for his notable work in the fiel

BA's fuel inquiry engulfs two officials

British Airways, the largest airline of the United Kingdom, undergoing inquiry by the U.K. and U.S authorities for suspected price fixing of fuel surcharges, said on Monday, that the two officials on

Dunn and four others face felony charges

On Wednesday, California attorney general issued crime charges against Patricia Dunn, the former non-executive chairman of the board of Hewlett-Packard Company, a position she held between February 20

Survey portrays a lift in U.S. consumer confidence

The falling energy costs helped raise the consumer confidence much higher than expected by analysts, in September. The Conference Board said its index of consumer sentiment climbed up from an upwardly-revised 100.2 in August to 104.5, in September.