Halliburton’s lucrative logistics contract with the US Army is to come to an end, the military has said.
The army said it would seek new bidders for the multi-billion dollar deal to provide support services to US troops around the globe.
Halliburton, once led by US vice president Dick Cheney, has recently come under fire for landing expensive, non-competitive government contracts
Microsoft has been fined 280.5m euros ($357m; £194m) by the European Commission for failing to comply with an anti-competition ruling.
The software giant will appeal against the fine which follows a long-running dispute between it and EU regulators
North American wheat farmers are seeking $1bn (£540m) in damages from Australian wheat exporter AWB, claiming it has used corruption to win business.
They have filed a class action in Washington, using US anti-racketeering laws designed to fight organised crime.
AWB is accused of using bribery and corrupt means to win grain sales in Iraq, Yemen, Pakistan and Indonesia, at the expense of US and Canadian farmers
BBC executives have been awarded significant pay increases, the corporation’s annual report has said.
The revelations come amid job cuts at the corporation, with unions warning that staff could strike as a result.
Director general Mark Thompson’s salary rose to £609,000 in 2005-6, with his deputy Mark Byford receiving £403,000
The list is itemised – cash, mobile phones, cars, holidays, golf club memberships – breaking down the millions spent by corrupt businessmen and officials from Indonesia’s state bank on police, judges and officials.
For nearly two years, a scandal surrounding inquiries into a $A200 million fraud within Bank Negara Indonesia has threatened to spread to the top of the nation’s police and judiciary.
Although several senior police are facing charges over the affair, the discovery of a detailed list of nearly $4 million worth of bribes will put pressure for tough action on President Susilo Bambang Yudhoyono, who has initiated an anti-corruption campaign
Yahoo has settled a lawsuit filed by Checkmate Strategic Group which alleged that the search firm provided insufficient protection against click fraud.
Under the terms of the settlement Yahoo will pay roughly $5m to offset Checkmate’s legal fees, and has promised to look at its advertising terms and conditions.
Click fraud involves individuals using scripts or manually clicking on pay-per-click advertisements for financial gain
South Korean prosecutors have raided the offices of Korea Exchange Bank (KEB) as part of a probe dating back to its 2003 sale to a US investment fund.
The probe is looking into allegations that KEB figures were manipulated so it could be sold quickly and cheaply.
Lone Star Funds bought KEB for 1
Bankrupt cable TV operator Adelphia Communications Corp. sued Motorola Inc. this week for more than $1 billion, alleging that the Schaumburg-based company assisted in the fraud that led to Adelphia’s collapse in 2002
One of Japan’s leading financiers has been charged with insider trading in relation to share deals involving internet business Livedoor.
Prosecutors have indicted Yoshiaki Murakami, who is currently under arrest, after pursuing a criminal complaint from stock market regulators.
Mr Murakami has admitted he was guilty of insider trading when buying shares in Nippon Broadcasting System in 2005
BUENOS AIRES (MarketWatch) — In what could be one of the biggest fraud cases in Argentine history, French retailer Carrefour SA (12017.FR) has alleged in a series of lawsuits that accounting firm PriceWaterhouseCoopers and one of its most high-profile Argentine clients conspired to defraud it in the sale of a local supermarket chain.
Carrefour has claimed in four separate criminal and civil suits that the directors of Norte Supermarkets former owner, Argentine investment firm Exxel Group, instructed their accountants at the chain to inflate the company’s earnings before interest, tax, depreciation and amortization