Toshiba has announced that it will redouble its efforts to encourage greater customer response to its recall of certain ‘flamable’ Sony batteries that had installed in Toshiba laptops. The original recall had been announced by Sony in September of last year with customers eligible to receive free replacement of the battery packs identified by Sony [...]

In a rare setback for DOJ regarding FCPA prosecutions, a judge dismissed bribery charges against two American businessmen accused of trying to pay-off top Azerbaijan officials over the country’s abandoned 1990s oil privatisation programme. Judge Shira Scheindlin dismissed the bribery counts against David Pinkerton, a former managing director of AIG, and Frederic Bourke after ruling [...]

Abbott Laboratories Inc. has sued a French AIDS group for staging what the pharmaceutical and medical products maker says was a cyber attack against its Web site back in April. Abbott spokeswoman Jennifer Smoter said the cyberattack disrupted the company’s Web site for hours April 26 on the eve of its annual meeting. “We don’t [...]

In April, an Indonesian court cleared the Newmont’s Indonesian subsidiary, PT Newmont Minahasa Raya, and its president Richard Ness of charges related to dumping toxic waste into a local ocean bay. Now the president of that unit is filing a lawsuit against the New York Times and a reporter over the environmental accusations made in [...]

On the heels of Credit Suisse’s celebration of a new chief executive, the company got the news that a former employee, senior Wall Street banker Hafiz Naseem, had been arrested and charged with 23 counts of securities fraud and one count of conspiracy. The former energy banker allegedly forwarded top secret details of Credit Suisse-advised [...]

According to Eurasia Daily Monitor, Moscow is slowly realizing that rampant corruption is sapping the country’s economic vitality and tarnishing its image among potential Western investors. This week United Russia’s Mikhail Grishankov, chair of the Duma’s anti-corruption commission, declared, “We are confident that in 2007 we will continue a full-scale offensive against corruption. During February [...]

Taiwan regulators have buzzed ointment brand Burt’s Bees with a nearly $20,000 fine for false advertising, the nation’s fair trade regulators said yesterday. The Taiwan Fair Trade Commission said the company had claimed in advertisements its herbal insect repellent was the only product of its type that could be directly applied to human skin. The [...]

According to the Chinese Supreme People’s Court, the number of commercial corruption cases coming before Chinese courts rose steeply to 5,662 in the first nine months of 2006 despite harsher penalties. Xiong Xuanguo, vice president of the SPC, said courts at all levels dealt with 5,429 commercial bribery cases involving civil servants during the first [...]