• Former chief Dick Fuld and accountants Ernst & Young criticised in 2,200-page report • Claims that buyer Barclays received assets it was not entitled to • Fuld tried to involve Gordon Brown to fast-track Barclays rescue A court-appointed US bankruptcy examiner has concluded that there are grounds for legal claims against top Lehman Brothers bosses and auditor Ernst & Young for signing off misleading accounting statements in the run-up to the collapse of the Wall Street bank in 2008 which s..   show all text

One option to get round the problem of a high-speed rail line painting a long grey "blight corridor" across the Chilterns and either Oxfordshire or Buckinghamshire (The fate of the Chilterns reveals the limits of localism, 8 March) would be to stitch the HS2 into another existing blight corridor. This was done successfully a decade ago in the routing of HS1, or the Channel Tunnel Rail Link. Only at a few places did CTRL/HS1 leave the noisy environs of either an existing railway or one of the..   show all text

On the one hand, you have what many regard as Britain's most influential daily newspaper; on the other, a social network with more than 400 million members and global reach. The Daily Mail and Facebook are at war, with new media accused of failing to protect children - and old media in the dock for shoddy journalism. The Mail has never been a great fan - "How using Facebook could raise your risk of cancer" was one headline last year - but it was an article on Wednesday that brought relations ..   show all text

Rock legends Pink Floyd win a court battle with record label EMI over online royalties and how their music is sold online.

Ed Morrish, Producer of The Now Show, writes... Last week The Now Show started asking you, the good people of the internet, to contribute to its audience question. For those that don't know, each week we ask our audience a question, and read out the funniest/oddest/most damning answers at the end of the show. So, if you are so minded, you can post an answer to either the comments section of this blog or Twitter (using the hashtag #nowshow) before 7.30pm tonight, and we'll print out everythi..   show all text

Last week, the UK LibDem party was thrown into scandal when two of its Lords proposed an amendment to the Digital Economy Bill that would allow for national web-censorship, particularly aimed at "web-lockers" like Google Docs and YouSendIt. Now a leaked document from the British Phonographic Institute suggests that the amendment was basically written by the record industry lobby and entered into law on their behalf by representatives of the "party of liberty." This weekend, LibDem members who..   show all text

It looks like TiVo's freshly minted Premiere hardware will soon be setting sail eastwards as The Daily Telegraph is reporting Virgin Media's next generation set-top box will be built around it. Loyal readers of Engadget HD will already be aware that TiVo and Virgin hooked up last November and this latest news relates to the first hardware to be spawned from that relationship. According to TiVo CEO Tom Rogers, the Premiere will "heavily inspire the development work" going into Virgin's next T..   show all text

The kerfuffle around the BBC's move into mobile apps continues with New Media Age's story BBC defends move into mobile apps. In the piece David Newell of the Newspaper Publishers Association criticised the: 'BBC Trust's "current attitude and inaction... when they know that the BBC will be launching such apps in direct competition with commercial operators' paid-for or ad-funded apps for their online services."' to which a BBC Trust spokesman, replied: '"Following some initial concerns they..   show all text

Forget your fancy augmented realities and real-time displays of Tube times. Here's a simple app that every iPhone wielding Londoner needs: a super-quick way to claim back compensation for delayed tube journeys. Just tap in a few details about the time and location of your delay and the software does the rest. You're entitled to a refund for any journey delayed by more than 15 minutes, but the official web-based form is less mobile and requires you to fill in all the boxes each time you claim...   show all text

Only lack of ability, inheritance and money keeps the rest of us off the Forbes list of world's billionaires. It's not fair There's a scene in the satire How to Succeed in Business Without Really Trying in which two workers are vying for promotion. When their manager tells them he will award the promotion on the basis of merit, one of the workers – who is the chief executive's nephew – complains: "That's not fair!" Similarly, looking at the latest Forbes list of the world's billionaires, it'..   show all text

News Corporation Europe and Asia chief calls for tough line on piracy, adding: 'They're not crazy kids. No. Punish them' James Murdoch today called on governments to get tough on illegal downloading, which he said was no different from "going into a store and stealing Pringles or a handbag". Murdoch, the chairman and chief executive of News Corporation's European and Asian operations, was joined in calling for tougher piracy measures at the Abu Dhabi Media Summit today by other media executi..   show all text

Text added to digital economy bill that could block sites such as YouTube echoes almost word for word a suggestion from the BPI A controversial amendment to the digital economy bill that could block sites such as YouTube is copied almost word-for-word from a draft written by the BPI, which lobbies on behalf of the British music industry. The BPI confirmed on Thursday that it drafted a letter which was circulated to government and opposition peers containing a suggested draft amendment to the..   show all text

I’m off. I’m leaving the BBC at the end of this week, having decided to go some weeks ago. It’s my decision to go, for reasons I won’t be going in to here. I don’t yet know what I’ll do next, but hopefully it will involve some combination of technology, creativity and business. I’m going to take some time to think about things and then get going again in a new guise. It’s probably worth saying this decision has nothing to do with the BBC Strategic Review. I’ve got my thoughts on that, but this..   show all text

Social networking site fears reputation permanently damaged by false claim that it let older men pressure teenage girls for sex Facebook has threatened to sue the Daily Mail for damages after the paper wrongly claimed in a piece published on Wednesday that 14-year-old girls who create a profile on the social networking site could be approached "within seconds" by older men who "wanted to perform a sex act" in front of them. The paper apologised in print today and online yesterday for the err..   show all text

The rise of social media has brought journalists some powerful new storytelling and information-gathering tools. However, with these new opportunities have come some new risks. At Reuters, we have just published some social media guidelines that lay out some basic principles and offer recommendations that should prove useful as journalists navigate what can sometimes seem a chaotic landscape. In building the new guidelines, we’ve embraced some basic principles: We encourage the use of social m..   show all text

There are just two weeks to go until Ada Lovelace Day 2010, and we still have a fair few bloggers, Twitterers, podcasters, web comic artists, and videocasters to recruit. We have 1114 pledgers and need 1958 more people to sign up. That’s a challenge with only 14 days to go, but if everyone recruits just two more people, we’ll still make it! There’s loads of stuff going on around Ada Lovelace Day this year. We have events in London and worldwide (Copenhagen, Dresden and Montreal, with the promi..   show all text

[Important updates below - Facebook says the Daily Mail knew its story was untrue, but printed it anyway. Legal action is promised. The BBC has now picked up on Global Dashboard's story. Journalism.co.uk has a piece as well. Guardian has followed our lead too. Mashable. Belle de Jour chips in.] In the early hours of this morning, the Daily Mail published an astonishing attack on Facebook under the title “I posed as a 14-year-old girl on Facebook. What followed will sicken you.” Here’s the open..   show all text