BEIJING— Drug maker GlaxoSmithKline was fined $492 million on Friday for bribing doctors in China, the biggest such penalty ever imposed by a Chinese court. The court sentenced the company's former China manager, Briton Mark Reilly, and four Chinese co-defendants to prison but postponed the sentences for two to four years, suggesting they may never be served.» 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.
Former Minnesota Governor Jesse Ventura explains why he thinks U.S. politics and the government has become its own 'gangsta's paradise.'
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.
CNBC's Michelle Caruso-Cabrera reports on the latest details of the alleged bribery scandal.
Take our poll and and let us know which, if any, of these scenarios you would bribe your way out of.
The elephant in the room in the wake of the Wal-Mart spacer fiasco is whether we should accept, cover-up or no cover-up, the concept of bribes, graft and outright corruption as simply a way of doing business abroad? Herb Greenberg examines.
Whitney Tilson, T2 Partners, says the Netflix earnings report was "great news." He also weighs in on the alleged Wal-Mart scandal, currently under investigation.
"I have no idea how Wal-Mart operates but I do know how Mexico operates," former foreign minister Jorge Castaneda told CNBC's Squawk on the Street Monday.
The FMHR traders discuss whether China or Europe is a bigger concern for global investors amid weak PMI data. Also, does a pullback in Wal-Mart shares present a buying opportunity for investors? David Strasser, Janney Capital Markets retail analyst, weighs in.
Jorge Castaneda, former Foreign Minister of Mexico and NYU professor, discusses the Wal-Mart bribery scandal and conducting business south of the border.
Patrick McKeever, MKM Partners senior equity analyst, discusses the importance of the Mexican markets for Wal-Mart's growth and the impact the alleged scandal could have on the company's stock and executives.
CNBC's Michelle Caruso-Cabrera reports on the culture of doing business in Mexico, saying Wal-Mart is the largest private employer in Mexico and yet, barely any newspapers carried the story on the front page.
The Squawk on the Street team report on the issues facing the Street ahead of Monday's open, and Jim Cramer weighs in on Wal-Mart's alleged bribery investigation in Mexico.
CNBC's Michelle Caruso-Cabrera and Scott Cohn provide the latest details on Wal-Mart's efforts to make a bribery case go away and the crackdown on foreign corruption. Also, a look inside Wal-Mart's culture, with CNBC's David Faber.
Jacob Frenkel, former SEC enforcement attorney, discusses the consequences Wal-Mart could face following allegations it tried to cover up a bribery investigation in Mexico.
CNBC's Courtney Reagan reports the latest details and fallout from an alleged bribery scandal in Mexico that hit Wal-Mart years ago.