SEC sues company over alleged bogus takeover bids

(Reuters) - Besides Sony and Playboy, Roxford also made offers for
Zapata Corp. , Edgetech Services Inc. and PeopleSupport
Inc. , according to the complaint. The alleged scheme
took place between January 2003 and April 2007, it said.




"Roxford's intent in making the phony public tender offers
was to manipulate the price of the target company's stock," the
SEC alleged in the complaint. "Roxford and HRR did not intend
to complete the offers, and did not have the financial means to
do so."


Read more at Reuters.com Government Filings News

South African Unions End National Strike, Accept State's 7.5 Percent Offer

(Bloomberg) -- South African labor unions halted the
country's longest-ever strike by state employees after the
majority of them accepted the government's offer of an average 7.5
percent pay increase.

The strike, which began June 1, shut most schools and
disrupted services at some hospitals, clinics and immigration
offices. Support for the action waned as the government ceased
paying employees who failed to report for work.


Read more at Bloomberg Emerging Markets News