*Profit of $1.14 per share versus Wall Street view $1.15. May 16- Wal-Mart Stores Inc said on Thursday that this quarter would be challenging and gave a forecast that suggests profit will again miss Wall Street expectations, due in part to costs from its foreign bribery probe.» Read More
*Bangladesh probe alleges bribery, Globe and Mail reports. TORONTO, Dec 19- Bangladeshi authorities have issued a report accusing a senior SNC Lavalin Group Inc executive of corruption, just after he left the engineering company, the Globe and Mail newspaper reported on Wednesday.
WASHINGTON, Dec 18- Wal-Mart Stores may be facing sizable fines related to allegations of widespread bribery at its Mexican affiliate, after a second report from the New York Times provided more details about the scope of the alleged misconduct.
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.
WASHINGTON, Dec 18- Wal-Mart Stores may be facing sizeable fines related to allegations of widespread bribery at its Mexican affiliate, after a second report from the New York Times provided more details about the scope of the potential misconduct.
*Siemens paid $1.6 bln in 2008 to settle bribery case. NEW YORK, Dec 13- State-owned Mexican oil company Pemex sued Siemens AG and a South Korean company for $1.5 billion on Thursday over a bribery scheme that has dogged the German conglomerate for years.
*Siemens paid $1.6 bln in 2008 to settle FCPA case. NEW YORK/ WASHINGTON, Dec 13- State-owned Mexican oil company Pemex sued Siemens AG and a South Korean company for $500 million on Thursday over a bribery scheme that has dogged the German conglomerate for years, adding to a short list of cases that raise novel questions about who is a victim in corruption cases.
*Siemens paid $1.6 bln in 2008 to settle FCPA case. NEW YORK/ WASHINGTON, Dec 13- A state-owned Mexican oil company sued Siemens AG and a South Korean company for $500 million on Thursday over a bribery scheme that has dogged the German conglomerate for years, raising novel questions about who is a victim in corruption cases.
VIENNA, Dec 12- An Austrian count accused of covertly helping Britain's biggest arms group win business in central and eastern Europe insisted on Wednesday he served only as a well-connected adviser who had nothing to do with bribes.
Aerospace and defense group Rolls-Royce said it was in talks with Britain's Serious Fraud Office over potential corruption involving its intermediaries overseas.
The Swiss cabinet on Monday rejected a motion that would force mining companies and private commodity trading houses to declare payments made to resource-rich countries.
TOKYO/ SAN FRANCISCO, Nov 30- Japanese billionaire Kazuo Okada's Universal Entertainment funnelled at least $30 million to an ex-consultant for the Philippines gaming authority who is now at the center of a bribery investigation, according to sources and company records.
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.
CNBC's Courtney Reagan reports on a strike Wal-Mart employees are planning for Black Friday, and that the company is saying "investigations regarding allegations of potential FCPA violations have been commenced in a number of foreign markets."
CNBC's Scott Cohn reports the Obama administration is sending signals it is widening its bribery crackdown.
An Indiana pension fund representing Unions that owns shares of Wal-Mart is suing for access to thousands of documents in the Mexico bribery case. Stuart Grant, Grant & Eisenhofer, and Emily Miller, Washington Times, provide perspective.
CNBC's Gary Kaminsky discusses insider trading, bribery and derivatives manipulation on Wall Street, with Bruce Karpati, SEC asset management enforcement co-chief.
Adrian Ngan, Executive Director, Real Estate Sector, Citic Securities explains why he remains positive on Sun Hung Kai Properties despite the graft scandal.
Former Minnesota Governor Jesse Ventura explains why he thinks U.S. politics and the government has become its own 'gangsta's paradise.'
CNBC's Courtney Reagan provides an update from the giant retailer's annual shareholders meeting today.
Jack Ehnes, California State Teachers' Retirement Systems CEO, discusses why his pension fund is voting against Wal-Mart's entire board, on the heels of the company's Mexican bribery scandal.