WASHINGTON— Smith& Wesson has agreed to pay $2 million to settle civil charges of bribing government officials in Pakistan, Indonesia and other countries to win military and police business. Smith& Wesson Holding Corp., based in Springfield, Massachusetts, neither admitted nor denied wrongdoing.» Read More
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.
CNBC's Courtney Reagan reports the latest details from Wal-Mart's 50th annual shareholder meeting, on the heels of a bribery and cover-up scandal at the company's subsidiary, Wal-Mart de Mexico.
Jackie Goebel, Organization United for Respect at Wal-Mart member explains why she is hoping to convince Wal-Mart investors to vote out several board members, on the heels of its connection with the Mexican bribery investigation.
CNBC's Courtney Reagan reports the giant retailer is holding its annual shareholders meeting today, facing its subjects for the first time since the Mexican bribery story broke several weeks ago.
Wal-Mart's annual shareholder meeting is usually a jubilant event, but this year's celebration could be clouded by angry shareholders over the reported bribery scandal, reports CNBC's Courtney Reagan.
CNBC's Brian Sullivan and Amanda Drury share their gloomy and sunny stock picks, including Lowe's falling 10% and Wal-Mart hitting a new 52-week high amid investigations over a reported bribery.
CNBC's Brian Shactman reports on an unusual black market which some say is worth $20 billion each year.
Should the U.S. government be prosecuting companies that pay bribes in order to get business done in foreign countries? Jeffrey Miron, Harvard University and Alexandra Wrage, Trace International, weigh in.
There's more fallout from the allegations that Wal-Mart used bribery to spur expansion in Mexico. A group of New York City pension funds will vote their 4.7 million shares against five Wal-Mart directors standing for re-election at the company's annual shareholder meeting. John Liu, New York City comptroller and trustee of the city pension funds, weighs in.
In Los Angeles, a Wal-Mart building permit is getting a once-over. In New York, the City Council is investigating a possible land deal with the retailer’s developer in Brooklyn. A state senator in California is pushing for a formal audit of a proposed Wal-Mart in San Diego. And in Boston and its suburbs, residents are pressuring politicians to disclose whether they have received contributions from the company, the New York Times reports.
CNBC's Michelle Caruso-Cabrera reports on a threat to the Wal-Mart investigation to look at every permit the company issued.
CNBC's Michelle Caruso-Cabrera reports the latest details on the bribery allegations coming from Wal-Mart's Mexican division, Walmex.
Jeffrey Sonnenfeld,Yale School of Management and William George, Harvard Business School professor discuss recent headlines highlighting scandals and bribery at several big American companies.