Though the start of a new year is traditionally a time to look to future, Porsche instead will be forced to relive a painful incident from the past as a a group of investment funds are seeking $2.6 billion in damages over the automaker’s unsuccessful 2008 takeover attempt of Volkswagen.
Porsche gained control over the price of VW common stock as it secretly built enormous derivative positions covering almost all of VW’s freely traded shares, then triggered a massive short squeeze, and finally released billions of euros worth of shares into the short squeeze for its own profit,†read a statement from the investors.
“The accusations are  … More
A remake to 1991’s action-thriller starring Patrick Swayze and Keanu Reeves, “Point Break”, is currently in development. It has been announced that Alcon Entertainment is fast tracking the project which will be released by Warner Bros. Pictures.
Alcon co-founders and co-CEOs, Broderick Johnson and Andrew Kosove, confirmed that the company has secured the rights for the project during the week of the original film’s 20th anniversary. They have  … More
An intrepid British angler today told how he snared a predator which kills men – by biting off their testicles.
Fearless Jeremy Wade, 53, spent weeks hunting for the fish in remote Papua New Guinea after locals reported a mysterious beast which was castrating young fishermen  … Pictures and more
Could we be looking at the next Germaine Greer?
It may be too late for Santa to change his order book for this year, but this little girl has an important message for toy manufacturers.
In a You Tube video that has clocked up thousands of hits, the articulate child says that toy-makers should stop trying to force girls to buy pink stuff and princess toys  … More