Shares of Hong Kong developer Chinese Estates Holdings slid 8 percent in resumed trade on Friday after the company said its chairman and chief executive would face prosecution in a Macau court over alleged bribery and money laundering.
A former regional enforcement director with the Securities and Exchange Commission who allegedly derailed repeated attempts to investigate convicted Ponzi schemer Allen Stanford and then tried to represent Stanford in private practice has been barred from practicing before the Commission for one year, the SEC said.
U.S. authorities are ratcheting up their investigation of residential mortgage-backed securities — the bundles of mortgages that were at the heart of the 2008 financial crisis. And they are appealing to the public for help.
Kleiner Perkins Caufield & Byers partner Ellen Pao is suing the venture capital firm for sexual harassment and discrimination, according to a lawsuit filed in California's Superior Court.
Inmates seized control of a privately owned prison in Mississippi on Sunday after riots broke out, and a guard was killed in the chaos in the low security facility, authorities said.
The Securities and Exchange Commission has been getting tougher on insider trading on Wall Street, but its potential target may be too wide, The New York Times reports.
The Pentagon said on Friday it believes China spent up to $180 billion on its military buildup last year, a far higher figure than acknowledged by Beijing, and it accused "Chinese actors" of being the world's biggest perpetrators of economic espionage.
The investigation into the $300 million art heist from a Boston museum in 1990 has heated up after authorities searched the house of a mob suspect. The Gardner Museum is offering a $5 million reward.
Friday, 11 May 2012 | Posted By:
| Source: CNBC.com
In a nationwide advertising campaign that includes bus shelters, billboards and a website, the FBI is targeting corporate espionage — and encouraging employees of American corporations to be wary of spies in their midst.
Wynn Macau posted robust growth in the first quarter, helping to boost its parent group Wynn Resorts flagging Las Vegas revenue — underlining the incentive for CEO Steve Wynn to develop his business further in the bustling enclave off China's coast.
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.... Read More
This is a live blog of the Leveson Inquiry, which was set up by Prime Minister David Cameron following the phone-hacking scandal plaguing News Corp.... Read More
In this Guest Blog, former CEO Carly Fiorina shares her thoughts on the widening bribery probe writing, "Facing extremely serious charges of large-scale bribery and a multi-year cover-up, the Wal-Mart Board should immediately appoint a completely independent team to determine the facts." ... Read More
This is a live blog of the Leveson Inquiry in London, where James and Rupert Murdoch are appearing in front of the inquiry into media ethics in the UK, set up by Prime Minister David Cameron following the phone-hacking scandal plaguing News Corp.... Read More