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Family-owned engineering group Schaeffler has clashed with senior management at Continental, the rival company it formally acquired at the beginning of January.

Mexican family patriarch and the world’s second richest man, Carlos Slim Helu, has agreed to lend family-controlled New York Times Company $250 million to refinance existing debt.

Banco Santander is allegedly set to face an investigation by Spanish prosecutors into how the family-controlled bank lost more than €2.3 billion of its clients’ money with Bernard Madoff, the disgraced American fund manager.

Disgraced Satyam founder Byrraju Ramalinga Raju’s letter to the board of directors has sent shock waves around the world.

Waterford Wedgwood, the luxury lifestyle group controlled by Sir Anthony O’Reilly and family, has called in receivers and requested that its stock be suspended from trading.

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