Money Matters - Simplified


BP asks Halliburton to pay for oil spill damages

Oil giant BP has asked Halliburton to pay for the damages that occurred from oil spill in the Gulf of Mexico.

Exxon Mobil awarded $900mn in oil dispute

An international arbitration panel has ordered Venezuela to pay Exxon Mobil $908 million in compensation for nationalization of its assets in Orinoco Belt.

Microsoft loses appeal against $290mn Word patent case

Microsoft has lost the appeal it had filed in the U.S. Supreme Court against a lower court order that required the software giant to pay $290 million to a small Canadian company for patent infringement.

Beijing iPad feud: Apple compensates injured customer

US high-tech giant Apple Inc. has settled its Beijing iPad brawl out of the court by paying hefty money to a customer who had sustained injuries during a bloody altercation that broke out over the weekend between a foreign Apple employee and the customers lined up to buy the iPad 2 at Beijing's flagship Apple retail store.

Why the Earnings at Amdocs Are Outstanding

Although business headlines still tout earnings numbers, many investors have moved past net earnings as a measure of a company's economic output. That's because earnings are very often less trustworthy than cash flow, since earnings are more open to manipulation based on dubious judgment calls.

Voice of 'Dora The Explorer' drops lawsuit against Nickelodeon

Caitlin Sanchez, the 14-year-old girl who gave voice to Nickelodeon's lovable 'Dora the Explorer' cartoon character, has dropped her lawsuit against Nickelodeon after alleging that she was cheated out of millions.

9/11 rescue workers face deadline for landmark settlement

Thousands of rescue workers who claimed that they sickened after the Sept. 11 attacks in New York have until Monday to decide whether to join a legal settlement that could ultimately pay them as much as $815 million.

New GM’s latest CEO to get $9mn pay package

In a regulatory filing made Friday to the Securities and Exchange Commission (SEC), General Motors Co. stated that its new chief executive, Dan Akerson, will be paid $1.7 million in base salary for the 1st year.

Madonna charity tour: Malawi’s poor condition pains Madge

As planned, Madonna has arrived in Malawi ahead of her weeklong charity tour. Pop diva’s Gulfstream jet touched down in the eastern African nation of Malawi, the homeland of two of her children, on Monday.

These CEOs are Bleeding Your Investments

We all love great, profitable companies, but the managers to whom we entrust our investments could be robbing our companies blind in a completely legal way. Research now suggests that high executive compensation is one of the clearest signs of a company's long-term underperformance. That means that if you're looking for great stock market gains, then you have to dig much deeperthan the traditional financial metrics. As time goes by, these overpaid managers will kill your returns if you don't spot them.