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A Texas court has awarded Canadian software company i4i almost USD300 million in damages, interest and costs - and injuncted Microsoft from the continued use of aspects of XML in its WORD product range.

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When a court in Texas found in favour of a small Toronto based software company against Microsoft, the success was shared by the owners of the company - owners which include a specialist VC fund that buys into companies engaged in litigation.

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With an increase in purchasing in the automotive sector from GBP20,600 million in a survey in 2011 to GBP23,600 million in the 2012 survey, The Automotive Council says that there are signs that things aren't so bad.

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CoNet Administrator

2008.

Goldman Sachs: Hank - time to come good on all those promises you made when you went to Treasury.

Henry Paulson: Great to hear from you. I'm only going to be here for a few more weeks, then they'll take my name off the dollars and I'll be out of work. What can I do for you?

In what should have been a surprise, Henry "Hank" Paulson has impressed few with his admissions that he threatened Bank of America that regulators would become interested in the company if it did not take over Merrill Lynch.

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It's a mark of just how tunnel-visioned the USA's counter-money laundering strategy is that it is only now getting around to thinking about including non-bank lenders in its regulatory net. The US needs a massive kick in the soft bits and told to get its law sorted out, says Nigel Morris-Cotterill, Head, The Anti Money Laundering Network. It's time the FATF stepped in and issued a warning about the USA, he says.

Rick Wagoner may be presented as having fallen on his sword to secure the rescue of General Motors from terminal insolvency. But he's walking away with more money than much of the world' s population would earn in several lifetimes. It seems that the price of failure is a generous pay-off.

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GM has issued the following statement:" There will be no interruptions in GM’s ability to take care of our customers and honor customer programs, warranties and provide replacement parts."

The company formerly known as General Motors Corporation (and now known as Motors Liquidation Company) has transferred "substantially all" of its assets to a new company - called General Motors Company." But some carefully selected liabilities will go along with them.

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Australia's Bendigo Bank is following California State, Singapore Airlines and Malaysian bank CIMB in asking its staff to take unpaid leave to help tide it over the current crisis.

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Can things get any worse? Yes, it seems, they can. Volkswagen's major market is China where its cars are seen as higher quality than most. And imported VWs are more prized than locally made models. So the fact that a large piece of bodywork might fly off its apparently rugged 4WD is not good news for the company.

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Reports from Japan say that the government is becoming concerned that some cars are too quiet. Talk about re-inventing the wheel - to solve the problem, all they have to do is ask Lotus.

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If your Aston Martin Vantage is too fuel-thirsty for that trip to the shops, or the school run when it never warms up, or if it's too big to thread through the city or those ever-closer pillars in car parks, there's a solution.

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When the GM stuff hit the fan, the first brand to go under was SAAB, calling in administrators whilst other units cried for government money to keep them going.

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Analysis in BankingInsuranceSecurities.Com shows that banks, finance companies, leasing companies and insurance companies are all exposed to unexpected risk as a result of the deal to save Chrysler.

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A US insolvency judge has approved Chrysler signing the death warrant of 789 dealerships in the effort to save the company, or at least part of it. And another court approves the disposal of of some of it to Fiat.

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