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The directors' vote of confidence in the media mogul came after he was told in a report by a committee of MPs on Tuesday that he was "not a fit person" to run an international company.
May 2, 2012 Wal-Mart to pay $4.8 million in back wagesSource: Washington Post
The Labor Department on Tuesday ordered Wal-Mart to pay $4.8 million in back wages and damages to thousands of employees who were denied overtime charges, the latest in a string of embarrassments for the company over its business...
Source: Chicago Tribune
The 25-year-old former campaign treasurer for New York City Comptroller John Liu, and one of his fundraisers, both pleaded not guilty on Tuesday to fraud charges for violating contribution limits.
Source: Chicago Tribune
A British parliamentary panel's scathing assessment of Rupert Murdoch's corporate character is a blow to his reputation and may affect his business interests
May 1, 2012 Business ethics muted in Mexican relationsSource: CityWire
Business dealings south of the U.S. border are often riddled with corruption and were brought to recent attention by the Wal-Mart de Mexico bribery scandal that knocked the retail giant off its lofty perch.
May 1, 2012 New York Pension Funds to Challenge Wal-MartSource: Gretchen Morgenson, NY Times
Concerned about Wal-Mart’s reported cover-up of bribery in its Mexico operations, leaders of New York City’s pension funds said Monday they would vote their 4.7 million company shares against five directors standing for...
Source: LA Times
SAN FRANCISCO -- Google has released the full report of the Federal Communications Commission’s investigation into the data it collected and stored from millions of unknowing households across the nation while operating specially...
May 1, 2012 U.S. pipelines can handle Canadian crudeSource: UPI
WASHINGTON -- Pipeline operators in the United States are capable of handling the rush of so-called tar sands oil expected from Canada, a trade group leader said.
Source: Washington Post
The Office of Congressional Ethics has found no evidence of violations of insider-trading rules involving the chairman of the House Financial Services Committee and will recommend that the case against him be closed.
In a frenzy that raises big questions for a Prime Minister, take a close look at the subsequent answers. Since the Jeremy Hunt saga erupted a week ago, David Cameron has answered one explosive question unambiguously. He could not...
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