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Kim Seung-youn, the CEO of the Hanwha group in South Korea, has been sentenced to four years in prison and fined $4.5 million. The jail time marks an unusual departure for the Korean judiciary who typically issue suspended sentences when prominent business bosses are found guilty. Read More

Kim Seung-youn, the CEO of the Hanwha group in South Korea, has been sentenced to four years in prison and fined $4.5 million. The jail time marks an unusual departure for the Korean judiciary who typically issue suspended sentences when prominent business bosses are found guilty. Read More

Record fines adding up to $36 billion have been paid out in the last 12 years by multinational corporations to the U.S. government to settle charges of corruption and fraud. But are they getting away with a slap on the wrist to avoid prosecution for major crimes? Read More

The South African government has intervened to support the Indian-born Gupta brothers, owners of a sprawling conglomerate with interests from mining to media, following a scandal that suggested that the brothers had accumulated so much power that they could dictate cabinet-level decisions in the country. Read More

In a rare inside look at the auditing firms that inspect overseas factories to see whether they are sweatshops, an M.I.T. professor contends that the world's largest factory-monitoring firm does a shoddy job and overlooks many safety and wage violations. Read More

The U.S. Equal Employment Opportunity Commission said Thursday that it has filed a sex-discrimination lawsuit against Oppenheimer & Co. Inc. in federal court in Manhattan, alleging discriminatory behavior in its hiring practices. Read More

One of America's leading investment banks, Morgan Stanley, has outraged US unions by telling clients to pull their money out of heavily unionized industries. Read More

Morgan Stanley, a major U.S. investment bank, was well aware of the problems in the sub-prime mortgage market as far back as 2005, according to documents just released in a New York court under a lawsuit brought by the China Development Industrial Bank from Taiwan. Read More