Foreign Corrupt Practices Act News
Global companies snared in South Africa's corruption scandal
Major global companies snared in growing South African corruption scandal around president
Hong Kong businessman denied bail in bribery case
A former Hong Kong government official has been denied bail in a U.S. case accusing of using bribes to secure business deals
Drilling-gear company will pay $238 million in bribery case
Netherlands-based provider of oil-drilling equipment will pay $238 million to settle charges of paying bribes to foreign officials
New Cuban Diplomacy a Potential Boon for US Companies
Morning Money Memo: President Obama’s decision to pursue normal relations with Cuba has many U.S. companies scrambling to consider opportunities in a brand new market that has been off limits for more than 50 years. Banks, airlines, cruise lines, hotel operators and telecom firms are...
Corporate Fraudsters Beware! Software Now Can Find You
Crooks, when committing crime, leave trails—some verbal, some numerical. Now a new generation of super-snooper software adapted from the military gives employers the power to detect documents, transactions or emails that smell fishy. David Remnitz, head of Ernst & Young's forensic technology
Election Day's Biggest Loser (Other Than Romney)
Casino mogul Sheldon Adelson gambled more than $54 million on Tuesday's elections. And he lost. The quixotic chairman of the Las Vegas Sands gaming company rose to the top of campaign giving in 2012, gaining notoriety for almost single-handedly staking the campaign of Republican primary contender
Walmart Said It Plans to Roll Out More Smaller Stores
Walmart, which has arguably mastered the art of the giant big-box retail store, said it plans to roll out smaller stores throughout the U.S. Walmart Express stores range from 12,000 to 15,000 square feet, significantly smaller than the 624 Walmart Discount stores, which average 108,000 square feet
Murdoch Unfit to Run News Corp., UK Panel Finds
A scathing report from a British parliamentary committee probing phone hacking and other alleged abuses at News Corp. asserts that CEO Rupert Murdoch is “not a fit person” to run an international company. The report is worrying for Murdoch because the committee used the very words...
Walmart Critics Pounce on Bribery Scandal
Wal-Mart's critics say they are not surprised by charges that the giant retailer paid bribes in Mexico to get its way. Some hope the Mexico scandal--which could wind up costing Wal-Mart billions in fines--will cause investigators to re-examination situations in the U.S. where payments or donations
Gas Prices to Fall Soon
Top Morning Business Stories Gas prices have peaked and are likely to head lower in the next few weeks. Gasoline futures of the NYMEX market fell nearly 20 cents a gallon in the two weeks ending Friday. Wholesale prices are down more than 25 cents...