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China fines British drug maker GlaxoSmithKline $492 million, jails executives in bribery case

2014-09-19 11:43:30| Biotech - Topix.net

A state news agency says a Chinese court has fined British drug maker GlaxoSmithKline $492 million and sentenced its British former country manager and others to prison for bribing doctors and hospitals to use its products. The Xinhua News Agency said the former country manager, Mark Reilly, and others were sentenced to two to four years in the case, which highlighted widespread payments to Chinese doctors by sellers of drugs and medical equipment.

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Auto parts executives indicted in U.S. on price-fixing charges

2014-09-18 23:28:51| Auto Parts - Topix.net

A federal grand jury in Detroit on Thursday indicted seven executives from two Japanese auto parts makers on charges of price fixing, the U.S. Department of Justice said. Four executives from Mitsubishi Electric Corp were charged with conspiring to fix prices of auto parts including starter motors, alternators and ignition coils that were sold to six auto manufacturers in the United States and elsewhere.

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Holder to corporate America: We will punish corporate executives who misbehave

2014-09-17 21:15:19| Automakers - Topix.net

The Justice Department sent a warning to major corporations Wednesday, saying it will seek out individual corporate wrongdoers and not just blame the company. U.S. Attorney General Eric Holder - while not mentioning General Motors Co.

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Ashford Executives buy company assets on eve of proposed spin-off, according to Unite Here

2014-09-17 07:32:26| Jewelry - Topix.net

Questions about timing, impact on shareholder value: "This is why we need a Special Meeting to restore shareholder rights at Ashford Trust." )--On September 10, Ashford Hospitality Trust reported that it had sold 40% of Ashford Investment Management to two insiders, including AHT's chairman and CEO, in an off-market transaction for $1.1 million, according to UNITE HERE.

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Chief executives face pay overhaul

2014-09-17 01:06:57| BBC News | Business | UK Edition

Bosses of UK listed companies could see their pay packages overhauled under new rules from the Financial Reporting Council (FRC).

Tags: pay face chief executives

 

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