CRIMINAL LAW

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Gruebel: UBS cannot comply with U.S. request: source

UBS cannot comply with a U.S. request to disclose the identity of 52,000 U.S. secret account holders, the bank's chief executive Oswald Gruebel said in an internal memorandum, according to a source familiar with the situation.

Gruebel: UBS cannot comply with U.S. request

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UBS AG Chief Executive Oswald Gruebel sent a memorandum to the bank's top executives on Thursday saying the bank could not comply with a U.S. government request to disclose the identity of 52,000 secret account holders, a source familiar with the situation told Reuters.
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UBS says cannot comply with U.S. request: source

UBS AG Chief Executive Oswald Grubel sent a memorandum to the bank's top executives on Thursday saying the bank could not comply with a U.S. government request to disclose the identity of 52,000 secret account holders, a source familiar with the situation told Reuters.
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France frees yacht off Somalia, hostage killed

A French hostage died on Friday and four others were freed when French forces attacked pirates who had seized their yacht off Somalia, President Nicolas Sarkozy's office said in a statement on Friday.
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U.N. to scrutinize Obama on counter-terrorism

U.N. human rights investigators on Tuesday announced a global investigation into secret detention and said they would not relax scrutiny of U.S. counter-terrorism policies under President Barack Obama.
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UK rules out charges against Pentagon hacker

but the target and the damage were transatlantic. MILITARY NETWORKS McKinnon is accused of causing the entire U.S. Army's Military District of Washington network of more than 2,000 computers to be shut down for 24 hours. He has told Reuters he was just a computer nerd who wanted to find out whether aliens really existed and became obsessed with trawling large military networks for proof. At the...
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UBS warns of dire consequences from U.S. tax battle

UBS AG warned Friday that it could go out of business if it complied with an order to reveal the names of thousands of suspected U.S. tax dodgers with secret offshore accounts at the Swiss bank. In papers filed in federal court in Miami, attorneys for UBS said a U.S. government lawsuit filed Thursday could force it to violate Swiss criminal law by turning over inform...
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Hollywood studios go after two piracy sites

The Motion Picture Assn. of America has filed suit against two Web sites that it claims are allowing Internet users to view pirated films, many of which are still in theaters.
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France's Sarkozy returns to face economic woes

French President Nicolas Sarkozy returned from his summer break on Monday to a sluggish economy, a court decision to scrap a tax break he promised and a scandal over a pedophile who says a prison doctor gave him Viagra.
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New Company law to be simpler, to provide stiff penalties for defaulters

Stiffer penalties, including enhanced fines and imprisonment, as a deterrent against violations by corporates and provisions ensuring greater transparency and accountability will form part of the comprehensive Companies Law Amendment Bill that is proposed to be tabled in Parliament in the winter session.

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