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Valparaiso Univ. Law School

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Thursday, April 28, 2005

News in brief

British celebrities are wary after David "Bend it Like" and Victoria "Posh Spice" Beckham failed to get an injunction enforcing a confidentiality agreement signed by their nanny, who sold salacious tidbits about them to the News of the World for £250,000.

Operators of the Eurotunnel say that £570 million this year, on the heels of a £1.334 billion loss last year, and will be bankrupt by 2007 unless bondholders restructure its debt.

Wheeling Pittsburgh Steel has sued coal producer Massey Energy, claiming Massey repeatedly breached its contract to deliver coal and forced Wheeling to buy on the spot market, costing it millions.

Dell Computer says it’s landed the contract to provide and service the 57,000 computers used by Honeywell International.

The economic outlook in Germany continues to be bleak, with annual growth projected at less than a quarter of the U.S. rate while unemployment still hovers around 12 percent.

America’s Hewlett Packard has won the contract to provide technology for the new European-wide police and border control system that some critics have called "Big Brother."

Providers of financial processing technology—the folks who provide both outsourcing and software for in-house financial management—say contract renewals are running at record levels.

Germany’s ThyssenKrupp has won a contract to help build a new state-of-the-art nuclear reactor in South Africa.

Bank of Ireland customers will find many ATM machines empty this holiday weekend because of a dispute between the bank and Brinks Allied over who should be responsible for losses sustained in armed robberies.

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