The US agrochemical giant Monsanto has agreed to pay a $1.5m (£799,000) fine for bribing an Indonesian official.
Monsanto admitted one of its employees paid the senior official two years ago in a bid to avoid environmental impact studies being conducted on its cotton
Ten former directors at WorldCom have agreed to pay $54m (£28.85m), including $18m from their own pockets, to settle a class action lawsuit, reports say.
James Wareham, a lawyer representing one of the directors, told Reuters the 10 had agreed to pay those who lost billions when the firm collapsed
A user of Apple’s iTunes music service is suing the firm saying it is unfair he can only use an iPod to play songs.
He says Apple is breaking anti-competition laws in refusing to let other music players work with the site.
Apple, which opened its online store in 2003 after launching the iPod in 2001, uses technology to ensure each song bought only plays on the iPod
The world’s largest retailer, Wal-Mart, has agreed to pay a total of $14.5m (£7.74m) to settle a lawsuit over gun sales violations in California
The US Securities and Exchange Commission (SEC) has accused Mexico’s second-largest broadcaster of involvement in a massive fraud.
The SEC has said TV Azteca’s executives violated US laws on debt, with one executive alleged to have made more than $100m (£53.18m)
US financial regulators have requested information from Warren Buffett’s Berkshire Hathaway group as part of a probe into certain insurance products.
The Securities and Exchange Commission has asked the billionaire businessman’s firm to provide documents relating to the sale of ‘non-traditional’ products.
The watchdog is examining allegations that these products have been misused to manipulate corporate earnings
France Telecom has been sued for $5.74bn (4.26bn euros; £2
The US stock market regulator is investigating troubled insurance broker Marsh & McLennan’s shareholder transactions, the firm has said.
The Securities and Exchange Commission has asked for information about transactions involving holders of 5% or more of the firm’s shares.
Marsh has said it is co-operating fully with the SEC investigation
Bradford and Bingley was today fined £650,000 (1 million USD) by the finance industry watchdog for mis-selling precipice and with-profit bonds.
Around 6,800 affected customers will now receive compensation totalling £6 million, the Financial Services Authority said.
The FSA issued the fine for the widespread mis-selling of the bonds criticising the firm for not making suitable recommendations to customers, not maintaining adequate records of sales and not having in place adequate systems and controls to prevent and ultimately address these failures
UBS, Switzerland’s biggest bank, said yesterday it faces legal action from watchdogs for its involvement in one of America’s most extraordinary financial scandals.
The bank has received a so-called Wells Notice from the Securities & Exchange Commission in connection with work it did for HealthSouth, which has admitted to inflating profits by $2.5 billion