Foreign Corrupt Practices Act News
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
Maryland firm fined $2M for bribing Russian nuclear official
A Maryland firm will pay a $2 million criminal penalty for bribing a Russian nuclear official for uranium-shipping contracts
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...
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...
Wal-Mart de Mexico Engaged in Widespread Bribery , NYTimes Reports
A senior Wal-Mart lawyer claims the company’s largest foreign subsidiary, Wal-Mart de Mexico, engaged in widespread bribery totaling over $24 million, The New York Times reported. Wal-Mart de Mexico reportedly used bribes to obtain permits all over the country to build stores quickly and ...