Black court plea
Lord Black of Crossharbour, the 62-year-old former media tycoon and Telegraph Group proprietor, pleaded not guilty in an American federal court to a third round of charges accusing him of looting his former newspaper properties.
Heinz directors
Nelson Peltz, the activist investor, and Michael Weinstem, the former chief of Snapple Beverage Group, have won seats on Heinz’s board, the ketchup maker said. They are two of five dissident directors proposed by Mr Peltz’s Trian Group.
US bars Iran bank
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The US Treasury has cut off Iranian state-owned Bank Saderat from any dealings with the US financial system to block it from financing terror groups, Stuart Levey, the Treasury’s Under-Secretary for Terrorism and Financial Intelligence, announced.
Eurozone verdict
High inflation is likely to prevent Lithuania joining the eurozone before 2010 and makes it virtually impossible for Estonia to predict when it will adopt the currency, the eurozone member countries’ finance ministers said at their regular monthly meeting.
Nod for Suez-GDF
Charlie McCreevy, the EU’s Internal Market Commissioner, said that France’s intention to keep a controlling minority stake in the planned energy giant Suez-GDF appeared to be legal, because it mirrored a legal precedent set in 2002.