Monday, April 23, 2012
Walmart Shares Fall on Bribery Probe - The Daily Beast - Walmart’s stock fell 4.7 percent in Monday trading after a weekend New York Times article uncovered an internal investigation into bribery at the retailer’s Mexican operations. The alleged bribes are reported to have been made as the company pursued rapid growth in what has become one of its largest foreign markets, and analysts say the allegations may hamper the retail giant’s plans for expansion. If the allegations against Walmart prove to be true, they could put the company in violation of U.S. law.
Vast Mexico Bribery Case Hushed Up by Wal-Mart After Top-Level Struggle - NYTimes.com - Confronted with evidence of widespread corruption in Mexico, top Wal-Mart executives focused more on damage control than on rooting out wrongdoing, an examination by The New York Times found
Alleged Secret Service scandal spreads to second hotel - USATODAY - The prostitution scandal involving the U.S. Secret Service is spreading to a second hotel, CBS News is reporting. The news agency reports a law enforcement official told a reporter that another agent under investigation brought a woman back to the Hilton Hotel in Cartagena, Colombia, days before President Obama was to arrive there.
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