S. Korea court fines Lone Star $20.9 mln
Seoul - AFP
A South Korean appeals court Thursday found US buyout fund Lone Star guilty of stock price manipulation and fined it 25 billion won ($20.9 million). The Seoul high court overturned a 2008 acquittal in the long-running case, which had stalled Lone Star's efforts to sell its 51 percent stake in Korea Exchange Bank (KEB). The court also passed a three-year prison sentence on Paul Yoo, former chief of the Texas-based fund's South Korean unit.
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Paris - Emiratesvoice
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Beirut - NNA
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Paris - Emiratesvoice
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Taipei - Emiratesvoice
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Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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