Bribery, Fraud & Tax Evasion
Companies working in support of U.S. troops in Iraq are hauling Houston-headquartered defense contractor, Halliburton, into U.S. federal court with claims that the company stiffed them for hundreds of millions of dollars after they provided essential services in the war effort.
Spain will inject emergency capital into the country's biggest ailing bank, Bankia, as it puts into place reforms to allow loss-making banks to receive eurozone bailout money.
Keith Schooley, a former star financial consultant with Merrill Lynch, warns Bank of America CEO Kenneth Lewis that he may soon experience buyer's remorse over his acquisition of Wall Street's fallen idol.
Asia is seeing an "epidemic of counterfeits" of life-saving drugs, experts say, and the problem is spreading. Malaria medicines have been particularly hard hit; in a recent sampling in Southeast Asia, 53 percent of the anti-malarials bought were fakes.
Growing concerns over the safety of everyday goods manufactured in China and imported to the US have thrown into relief the problematic (and dangerous) differences in safety and regulatory standards between the two countries.
Bush's Corporate Responsibility plan is pretty anemic -- not what you'd expect from a president desperate to keep the current crisis from becoming a major political liability.
Bolivia has been rocked by protests against a proposed gas pipeline to be built by Pacific LNG. The consortium is made up of notorious British and Spanish multinationals, including BP and Repsol-YPF.
According to documents seen by the Financial Times, BAE Systems has been linked to Zimbabwean arms trader John Bredenkamp. BAE reportedly paid at least Â£20m to Bredenkamp via offshore entities in the British Virgin Islands between 2003 and 2005. The payments raise fresh questions about bribery in BAE's dealings.
During the final, desperate days before it entered bankruptcy proceedings, MF Global executives took money from segregated customer accounts - money that belonged not to MF Global but to the farmers and commodities traders that were its clients - and used it to prop up its rapidly collapsing business. Nor was this petty cash: of the $6.9 billion in customer assets that MF Global held, a stunning $1.6 billion is missing. There is virtually no chance that the full amount will ever be recovered.