*GSK cut 40 pct of China sales reps after bribery scandal. SHANGHAI, Nov 26- GlaxoSmithKline Plc has cut 40 percent of its sales reps in China and axed some units as it eyes a return to growth in 2016, after sales plunged during a bribery scandal that landed it with a record $490 million fine in 2014.. The British firm is gambling on a new, cleaner image to reboot its...» Read More
Wal-Mart's CEO Mike Duke spoke to CNBC's Maria Bartiromo about the financial impact of the Mexican bribery allegations and says he "will take the appropriate actions; doing the right thing is a part of working at Wal-Mart."
Disgraced Chinese politician Bo Xilai faces charges of bribery, corruption and abuse of power in a move billed by the government as a fight against corruption, reports CNBC's Eunice Yoon.
Federal authorities are investigating JPMorgan's hiring of children of influential Chinese officials to help the bank win lucrative business deals. CNBC's Kayla Tausche has the details. And Andrew Stoltmann of Stoltmann Law Offices; and Thomas Curran, Peckar & Abramson, join to discuss the China bribery probe.
Glaxo's problems may go beyond the sales practices that are currently at the center of a bribery and corruption scandal in China. They may extend to its Shanghai research and development center.
Jonathan Russell, senior associate at Alaco, questions if GSK's action against bribery is being seen on the ground.
GlaxoSmithKline CEO Andrew Witty will detail this week what action the drugmaker is taking in response to allegations of bribery against it in China, sources said.
China detained and questioned an executive of GlaxoSmithKline, amid an ongoing bribery investigation, reports CNBC's Eunice Yoon.
Willy Lam, professor at the Chinese University of Hong Kong, says the GSK corruption claim in China appears to be part of a large well-orchestrated campaign against multinationals
Wal-Mart Stores said that members of its board's audit committee were paid more due to extra work they had to take on to handle an ongoing investigation into alleged bribery.
The SEC charged Mark Begelman with insider trading, reports CNBC's Eamon Javers.
Las Vegas Sands said it "likely" violated the federal Foreign Corrupt Practices Act, which outlaws the bribery of foreign officials, according to a Securities and Exchange Commission filing on Friday.
Former Italian Prime Minister Silvio Berlusconi is under investigation on suspicion of bribing a senator to change sides in parliament, deepening the legal troubles of one of the key players in the country's post-election deadlock.
Italian defence group Finmeccanica has delayed publication of its 2012 results after a bribery probe connected with the sale of 12 helicopters to Indian authorities, it said on Thursday.
Spain's prime minister published his tax returns on Saturday in a bid to quell reports he and other conservative politicians received secret cash payments but the opposition said many questions remain unanswered.
U.S. lawmakers on Thursday released documents they said showed Wal-Mart Stores' CEO was informed in 2005 of Mexico bribery allegations.
CNBC's Michelle Caruso-Cabrera reports more documents related to the Wal-Mart-Mexican bribery allegations have surfaced.
CNBC's Michelle Caruso-Cabrera reports U.S. lawmakers are saying Wal-Mart's CEO know of the Mexican bribery allegations back in 2005.
A New York Times article on the Wal-Mart bribery scandal alleges a pervasive pattern of bribery during the construction of 19 different stores in Mexico, reports CNBC's Michelle Caruso-Cabrera. Nelson Lichtenstein, Center for the Study of Work, Labor & Democracy, and Ken Langone, Invemed Associates chairman, discuss.
Aerospace and defense group Rolls-Royce said it was in talks with Britain's Serious Fraud Office over potential corruption involving its intermediaries overseas.
Wal-Mart disclosed on Thursday that it has expanded an internal investigation into bribery accusations in Mexico to Brazil, China and India, the New York Times reports.