Och-Ziff Settles Africa Bribery Case for $412M
The hedge fund allegedly "positioned itself to profit" from endemic corruption in Africa by bribing government officials.
Kellogg Forms Joint Venture in Africa
The cereal company also pays $450 million (about 15 times EBITDA) for a 50% stake in Multipro, a Nigeria-based food sales and distribution company.
Most U.S. Firms Can’t Find Source of ‘Conflict Minerals’
A GAO report finds companies are struggling to get useful information from suppliers in response to the Dodd-Frank disclosure rule.
Firms Lack ‘Basic Building Blocks’ to Comply with Anti-Fraud Laws
As companies push into Europe, the Middle East, India, and Africa, executives are being pressured into higher risk behaviors, says E&Y.
Goodyear Settles Africa Bribery Charges
"Goodyear’s lax compliance controls enabled a routine of corrupt payments by African subsidiaries that were hidden in their books," said an SEC official.
A Global Affliction
Finance executives around the world are plagued by uncertainty about the economy, politics and more.
Bank Lending in Emerging Markets Worsens
The deterioration reflects weaker economic performance in many developing economies, says the Institute of International Finance.