Former Wall Street star banker Frank Quattrone, who made tens of millions of dollars as he rode the internet stock boom, has been jailed for 18 months for obstructing government probes of hot new stock offerings.

Former Wall Street star banker Frank Quattrone, who made tens of millions of dollars as he rode the internet stock boom, was jailed for 18 months today for obstructing government probes of hot new stock offerings.

MICROSOFT, the world’s largest personal computer software company, is expected to be fined up to $404 million and given a deadline to permit rivals using its operating systems next week.

Microsoft will pay AOL Time Warner $750m (€631m) and allow it to licence its browser software for seven years in a settlement to resolve a monopoly case against the software giant, the companies announced.