Court Rules Vodafone Must Pay $2.6 Billion in Taxes in India

British mobile phone operator Vodafone (VOD) was ordered by an Indian court to pay $2.6 billion in taxes on a 2007 transaction that gave it a major presence in the country’s mobile phone market.

The court ruled that Vodafone was liable for Indian tax…

Hurd to Receive $950,000 Salary as Oracle President

Mark Hurd will receive an annual salary of $950,000 and a bonus of as much as $10 million for fiscal 2011 in his new position as president of Oracle. It’s a big drop from his HP compensation.
Continue reading H…

BP Says "Multiple Companies" Responsible for Gulf Oil Disaster

A report by BP (BP) says that “multiple companies and work teams” are responsible for the Gulf oil disaster that killed 11 workers and spewed out millions of gallons of oil into the ocean.

“It is evident that a series of complex events, rather than a …