Technology & Telecommunications

Sony BMG Music Entertainment, one of the world's largest record companies, agreed today to stop providing lavish gifts, free trips and other giveaways in exchange for airtime for its artists on radio stations, under the terms of a settlement with the New York attorney general's office.
Netherlands-based telecommunications giant VimpelCom announced today that it would pay U.S. and Dutch authorities $795 million to end an investigation into bribery in Uzbekistan. While the settlement does not reveal the recipient of the bribes, most sources point to Gulnara Karimova, daughter of the Uzbek president.
Klaus Zumwinkel, the CEO of former German postal monopoly Deutsche Post, is under investigation for tax evasion.