SAO PAULO— Moody's Investors Service has downgraded the credit rating of Brazil's state-owned oil company because of the widening kickback-corruption scandal affecting Petrobras. Authorities allege that firms bribed former Petrobras executives to win inflated contracts worth as much as $4 billion, and that some of that money was then funneled back to...» Read More
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.
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.