The trial of 16 former Parmalat directors and executives, including the company's founder and former chairman Calisto Tanzi , is set to open in Milan Wednesday, nearly two years after massive accounting fraud was uncovered at the Italian dairy giant. The 16 are accused of artificially boosting Parmalat's stock prices, misleading regulators and falsifying accounting [...]

In a televised interview Tuesday, Russian President Vladimir Putin stated he foresaw no major changes to the Russian Constitution while he was in office. Putin's statement comes after proposed legislation that would have allowed Putin to serve as president after his second term concludes in 2008, if he were to step down before the conclusion [...]

Belgian Foreign Minister Karel de Gucht has formally asked that Guy Theunis, a Belgian priest, be brought to Belgium to face trial for his alleged role in the Rwandan genocide . Earlier this month, Theunis was the first foreigner to be brought before community gacaca courts for crimes relating to the 1994 genocide. His case [...]

Missouri Judge Charles Atwell has issued a further temporary restraining order against Missouri's abortion law , the second TRO to be issued since the law was signed eleven days ago. Atwell said a provision allowing parents to sue people who helped their minor daughters get abortions without their consent would unconstitutionally restrict the right to [...]

The European Parliament Tuesday Tuesday a joint proposal by several EU governments to retain phone and e-mail data for up to three years for use in anti-terror investigations. The parliament said the proposal from Britain, France, Sweden and Ireland that was introduced last year and pressed in the wake of the London bombings in July [...]

Influential Shiite cleric Grand Ayatollah Ali al-Sistani has denied reports that he will issue a fatwa , or religious edict, telling Shiite Muslims to vote "yes" in the upcoming referendum on the Iraqi constitution . Rather, Al-Sistani said in a statement reported by the Pentagon-backed Iraqi TV channel al-Iraqiya that he only intended to invite [...]

Four merchant groups have filed an antitrust lawsuit against Visa , Mastercard , and dozens of major banks, over interchange fees, which retailers pay to issuing banks to receive payment for transactions involving the banks' cards. The fees, says Hank Armor of the National Association of Convenience Stores (NACS) , serve "as a hidden tax, [...]

The rate of illegal immigration into the United States has increased despite tighter security measures in place since the September 11 terror attacks, but only at a pace that parallels the rate of economic growth, according to a report released Tuesday. The report from the Pew Hispanic Center , a nonpartisan research organization, found that [...]

The US Supreme Court granted certiorari Tuesday in several cases, including a review of how states use tax incentives to attract companies that will create jobs in their regions. In DaimlerChrysler Corp. v. Cuno, the Court will consider an appeal of ruling from the Sixth Circuit that Ohio's investment tax credit program is unconstitutional. AP [...]

Two-thirds of the $1 billion distributed to US companies from 2001 to 2004 under the Continued Dumping and Subsidy Offset Act (CDSOA) , otherwise known as the Byrd Amendment, went to only three industries – ball bearings, candles and steel – according to a Government Accountability Office report released Monday. The law allows US companies [...]