*Exploring IPO of minority stake in ViiV Healthcare. LONDON, Oct 22- GlaxoSmithKline, battered by weak U.S. drug sales and a bribery scandal in China, is looking to float its fast-growing HIV drugs business as part of a recovery plan that includes a fresh round of cost cutting. As a standalone company ViiV Healthcare would be among the top 40 companies in London's...» Read More
Prosecutors are also seeking a total of $91 million in fines or forfeitures from three Canadians and 14 Cubans in a case that has been closely watched by potential investors wary of how Cuba treats foreign executives.
The Chinese corruption scandal at GlaxoSmithKline was complicated by the revelation that a sex tape involving the company's top boss in China was sent to senior executives not long before the government opened its investigation into the alleged bribery of doctors.
LONDON, June 29- GlaxoSmithKline on Sunday confirmed the existence of an intimate video recording of its former China head, Mark Reilly, which the Sunday Times reported kicked off a bribery investigation that has damaged the drugmaker's business in China.
WASHINGTON, June 26- More than a year after asking for and receiving emails from News Corp's U.S. operation related to allegations of phone hacking and bribery, the FBI is still investigating whether British-based representatives of the media company may have broken U.S. law, sources familiar with the matter said on Thursday.
*Cameron apologizes for hiring Andy Coulson. LONDON, June 24- Rebekah Brooks, the former boss of Rupert Murdoch's British newspaper arm, was acquitted on Tuesday of orchestrating a campaign to hack into phones and bribe officials in a case that has shaken the British political establishment.
WASHINGTON, June 23- The U.S. Export-Import Bank has suspended or removed four officials as investigators look into allegations of improper gifts and kickbacks as well as efforts to direct contracts to favored businesses, the Wall Street Journal reported on Monday.
HAVANA, June 18- A Canadian executive held in Cuba for nearly three years has gone on trial on bribery charges in a case closely watched by potential investors who are wary of how Cuba treats foreign executives.
NEW YORK, June 17- A U.S. judge on Tuesday declared a mistrial in the case against a New York state senator accused of trying to buy his way onto the Republican ticket in the 2013 New York City mayoral race, lawyers in the case said.
TOKYO, June 4- A former employee of Universal Entertainment Corp filed a criminal complaint against Kazuo Okada, the Japanese firm's billionaire founder, alleging he ordered the payment of bribes to advance a still-unfinished casino project in the Philippines.
NEW YORK, May 29- A federal judge on Thursday refused to dismiss a U.S. government lawsuit accusing Novartis AG of civil fraud for having conducted two illegal kickback schemes to boost sales of drugs covered by Medicare and Medicaid.
NEW YORK, May 29- A federal judge has refused to dismiss a U.S. government lawsuit accusing Novartis AG of civil fraud for having conducted two illegal kickback schemes to boost sales of drugs covered by Medicare and Medicaid.
*Action follows bribery claims in China and other countries. LONDON, May 27- Britain's fraud office has launched a formal criminal investigation into GlaxoSmithKline, posing a new challenge to the drugmaker, which already faces claims of bribery in China and four other countries.
LONDON, May 27- Britain's Serious Fraud Office has launched a formal criminal investigation into GlaxoSmithKline Plc, posing a new challenge to the drugmaker, which already faces allegations of bribery in China and elsewhere.
SpaceX CEO Elon Musk questions how the Air Force awarded rocket contracts to a competitor. CNBC's Eamon Javers reports.
BEIJING, May 23- A crackdown on China's National Energy Administration is intensifying as two more top officials are being investigated for taking bribes, state media said on Friday, days after investigations into two other NEA officials were announced.
Mohammed bin Nasir Al-Khusaibi was found guilty by Muscat's Court of First Instance of paying bribes worth $1 million to the ex-undersecretary of the Ministry of Transport and Communication for civil aviation to win a contract for the first phase of the Muscat International Airport.
BRASILIA, May 14- Brazil's Senate opened an inquiry on Wednesday into alleged corruption and mismanagement at state-run oil company Petroleo Brasileiro SA, a probe that could complicate President Dilma Rousseff's bid for reelection in October.
Chinese police have charged GlaxoSmithKline executives who have been under investigation for allegedly bribing doctors and Chinese officials, reports CNBC's Eunice Yoon.
CNBC's Eunice Yoon reports Chinese police say the former China head of drugmaker GlaxoSmithKine ordered employees to commit bribery, generating billions of dollars in illegal revenue.
LONDON, May 14- British drugmaker GlaxoSmithKline, whose former China head and other colleagues have been charged with corruption by Chinese police, said on Wednesday the case was deeply concerning.