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
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.
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.