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Business Headlines

Delphi on attack over deal collapse
The bankrupt automotive parts maker has launched legal action against private-equity funds, led by Appaloosa Management of New Jersey, which withdrew last month from an earlier deal to contribute $2.6bn in equity to Delphi's restructuring

Zimmer faces $450m bill after legal clash
Zimmer, one of the world's biggest makers of orthopaedic implants, is reviewing its contracts with hundreds of US surgeons in a move that could take the company's bill for clearing up a legal case last year to more than $450m

Carlyle buys stake in Booz Allen unit
Booz Allen, a government and corporate consulting firm, will split its business in two and sell a stake in its government advisory branch to Carlyle Group, the Washington-based private equity firm

Citigroup mulls sale of German retail operations
The US bank is looking to sell its German retail banking operations as part of the radical steps being taken by Vikram Pandit, chief executive, to scale back his company's operations in the wake of the credit crisis

Agricultural bull market passes 'sell-by' date
Stock market investors seeking to capitalise on the boom in food and agricultural commodities may have left it a little late to sow their investments for a short-term harvest sector, analysts warn

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