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A proposal to prevent Internet service providers from charging Web firms more for faster service to consumers failed yesterday to clear a Senate committee.

The U.S. futures industry regulator said Wednesday that a U.S. unit of BP Plc. tried to manipulate U.S. propane prices by cornering the market in February 2004.

Companies found guilty of anti-competitive practices will face multibillion euro fines or more than 10 times the current tariffs for abusing their monopoly and taking part in cartels under draconian new competition guidelines adopted by the European Commission today.

Mexico's most powerful business group is putting its money where its mouth is only days before Sunday's presidential vote, with thinly-veiled TV ads critical of the leftist front runner.

Last year, the Securities and Exchange Commission (SEC) began investigating one of the nation's largest hedge funds, Pequot Capitol Management, for possible insider trading. Up until last summer, the inquiry was headed by SEC lawyer Gary Aguirre. His investigation proceeded smoothly, Aguirre claims, until he asked for testimony from former Pequot chairman and Morgan Stanley CEO, John Mack, a top Bush donor.

Record world copper prices should brighten hopes of recovery in Zambia's Copperbelt region after a decade of mine closures and job losses.

A former government attorney told Congress on Wednesday that he was fired for investigating a hedge fund too aggressively and said law enforcement is failing in its duty to protect investors in the growing hedge fund industry.

The companies supplying the trains and carriages that run on Britain's railways are facing the threat of a competition inquiry today amid allegations they are ripping off passengers by charging the rail-operating firms too much.

The General Agreement on Trade in Services (GATS), now being negotiated in the World Trade Organization (WTO), is likely to reduce migrant workers to the status of commodities.

Among the many superlatives associated with Hurricane Katrina can now be added this one: it produced one of the most extraordinary displays of scams, schemes and stupefying bureaucratic bungles in modern history, costing taxpayers up to $2 billion.