Two former Bank of China managers have been charged in the US with stealing $485m (£272m) and attempting to launder the money through Las Vegas casinos.
Xu Chaofan, Xu Guojun and their wives were charged with 15 counts of racketeering, money laundering and fraud, the US Justice Department said.
The two men tried to launder the Bank of China’s money through Hong Kong, Canada and the US, the department said
Microsoft’s offer to allow rivals access to its software blueprint may not be enough to prevent European Union action, the EU has warned.
The EU has threatened to fine the group 2m euros (£1.4m; $2
Leading internet search company Google has agreed to censor some of its services in China in order to satisfy Beijing’s restrictions on free speech.
Google hopes the new web address for China will boost its access to one of the world’s largest internet markets.
The company says the decision to censor content was hard, but says it has more influence if it is present in China
DaimlerChrysler has suspended at least six managers over bribery allegations linked to the UN oil-for-food programme in Iraq, the Financial Times says.
Quoting “people close to the carmaker”, the paper said between six and nine senior managers had been suspended after an internal investigation.
A report published last year listed the carmaker among more than 2,000 firms said to have paid Iraqi kickbacks
Serbian authorities have issued an arrest warrant for Sreten Karic, the brother of a tycoon whose Mobtel mobile phone company is under investigation.
Sreten Karic had failed to report to police for questioning, Serbia’s B92 news website reported. He is accused of fraud and tax evasion
The US stockmarket watchdog SEC will investigate computer services firm IBM over one of its earnings reports and its stock options scheme.
The move gives the SEC the right to see internal IBM e-mails, documents and to interview company executives.
IBM said it was co-operating with the investigation, but in after-hours trading its share price fell 1
Insurer Guardian Assurance and its associated company Guardian Linked Life have been fined $1 million (£750,000) for mishandling endowment complaints.
It is the fourth time that the Financial Services Authority (FSA) has fined an insurance company for not dealing with complaints properly.
The FSA said Guardian’s complaints procedure had “serious systemic flaws”
The world’s largest retailer, Wal-Mart, has been ordered to pay $172m (£99m) in compensation to workers who were refused lunch breaks.
A California court found Wal-Mart broke a state law requiring employers to give staff an unpaid 30-minute lunch break if they worked more than six hours.
More than 100,000 Wal-Mart employees in California will be eligible for compensation
The European Commission has threatened to fine Microsoft up to 2m euros (£1.36m; $2.4m) a day until it gives rivals more access to its systems
A German court has ordered the retrial of Deutsche Bank chief executive Josef Ackermann and five other ex-members of engineering giant Mannesmann’s board.
An original trial last year cleared the six over their roles in approving bonuses relating to Vodafone’s acquisition of Mannesmann in 2000.
They were accused of paying executives bonuses worth around 60m euros ($71m)