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Google has been obliged to pay out €5,000 for defaming a Frenchman by automatic suggestions on search engine's home page.

The man said anyone searching for his name on google.fr was presented with suggestions including "rapist:, "rape" and "prison", according to Le Monde.

As it became known Friday, IBM Corporation is bringing an action in a New York State court against Joanne Olsen, former services division general manager of the company.  

31-year Olsen left IMB to join Oracle by Larry Ellison after the purchase of Sun Microsystems - which put the two firms in more direct competition.

As usual, Theflyonthewall.com posted headlines from research reports and press releases on its website, before banks could share their recommendations with their clients.

As it’s known, in March Theflyonthewall.com was engaged in "systematic misappropriation" by US District Judge Denise Cote essentially getting a "free ride" from its quick publication of upgrades and downgrades that can move stocks higher and lower

According to official statement, Microsoft managed to win piracy case against the Chinese company, Dazhong Insurance, over pirated software use. This case has scored a point in its ongoing fight against intellectual property violations in China.

This lawsuit appeared to be Microsoft's first against a large Chinese company for copyright infringement involving its software. The damages were also the largest Microsoft has received in any case in China.

As American Bankruptcy Institute data showed, despite good signs of economic recovery consumer bankruptcy filings surged this month compared to a year earlier figures.

Thus the data reflected 14% surge on an year basis. As for the monthly changes, 9% increase from January is represented by 111,693 cases filed last month.

And that financial distress is driving more Americans to file for Chapter 7 bankruptcy, which allows a court to discharge most unsecured consumer debt, including credit card bills.

Lehman Brothers settles about $7.68 billion in collateral claims with JPMorgan Chase & Co concerning. According to the court documents, these claims were pending following Lehman's bankruptcy filing in 2008. 

Despite, the collateral posted by Lehman had a face value in the billions of dollars, it consisted of illiquid securities whose actual value was difficult to ascertain, as court documents show.

Three Bulgarians were arrested on Wednesday, being accused of defrauding banks of more than $137,000 in 44-day hacking boom. Criminals used a scheme that attached electronic skimming devices to variety of ATMs throughout eastern Massachusetts. 

7 of Goldman Sachs’ former private wealth management division executives have been prosecuted by the company for abruptly leaving the company to join the rival Credit Suisse earlier in February, according to the court documents.

A federal judge has cleared the way for the publisher of GQ magazine to subpoena Google and AT&T in an attempt to learn the identity of a computer intruder who managed to steal unpublished editorial material and published it in the Web.

Good news came from Microsoft. The first one is that Microsoft has lost its appeal of a lawsuit brought by the Canadian company, i4i. So, users don’t have to turn in their copies of Office 2007. This lawsuit, a patent battle over a feature few business users ever see, will cost Microsoft $290 million to settle.

Google has been blamed for diverging UK tax on the £1.6bn it makes in Britain.

Google pays some tax, that is about £140,000 on interest on cash in the bank held here. But its offshore status means it, quite legally, avoids paying £450m in corporation tax.

Blue Destiny Records, a mini music label, accuses Google and Microsoft of linking with file sharing sites. the search giants are allegedly "facilitating and enabling" the illegal distribution of copyrighted songs.

The lawsuit was filed Monday with a US federal court in Northern Florida. This suit appeared to be an attempt to choke off the distribution of Blue Destiny tunes on the file-sharing service RapidShare.

The U.S. Federal Trade Commission has filed a civil contempt complaint against an online check-writing service, saying the company continues to allow customers to create and e-mail checks without verification of their identities.

Lehman Brothers Holdings Inc has filed a lawsuit against Barclays Capital Inc alleging the British bank took control of excess assets in collusion with Lehman executives when it bought its U.S. brokerage business a year ago, court documents show.

Sandryds Handels AB, Swedish company, appeared to hijack the Pirate Bay logo after discovering the torrent tracker had not registered its three-masted graphic with the appropriate authorities.

Sandryds Handels’s to sell a range of sports clothing along with branded techie kit such as MP3 players and USB drives.