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Business 01 Sep 2011 | 12:00 AM

US panel: Widespread waste,fraud in war spending

WASHINGTON (AP) - The U.S. has lost billions of dollars to waste and fraud in Iraq and Afghanistan and stands to repeat that in future wars without big changes in how the government awards and manages contracts for battlefield support and reconstruction projects, independent investigators said Wednesday.

Business 29 Oct 2011 | 12:00 AM

Ex-company boss exercising influence from jail

Shireen Muhiudeen brings out the case of an ousted chairman of a Chinese retailer still exercising his influence from jail.

Business 02 Nov 2011 | 12:00 AM

Avon's Cramb gave Citi bribery probe info, says source

NEW YORK (Reuters) - A regulatory investigation into Avon Products Inc was triggered by the cosmetics company's vice chairman sharing material information about a China bribery investigation with a Citigroup analyst, a person familiar with the matter said on Tuesday.

Business 14 Dec 2011 | 12:00 AM

Avon to replace CEO Jung

NEW YORK (Reuters) - Avon Products Inc is looking for a new chief executive to replace Andrea Jung, who has lost the confidence of Wall Street after a myriad of problems, including a federal bribery probe and weak sales in key international markets.

Business 15 Dec 2011 | 12:00 AM

Avon needs bold change as Jung's CEO tenure ends

NEW YORK (Reuters) - Avon Products Inc's AVP.Nnew chief executive will need to figure out how to improve operations from Russia to Brazil, look at whether direct selling works in the United States and be someone who can charm the millions of representatives who sell its cosmetics to consumers.

Business 24 Dec 2011 | 12:00 AM

Your 10 questions with Tan Sri Ambrin Buang

Tan Sri Ambrin Buang answers your 10 questions.

Business 30 Dec 2011 | 12:00 AM

48 hours away from new year, ethical practices should be a way of life

WE are less than 48 hours away from ushering in the new year.

Business 31 Dec 2011 | 12:00 AM

Deutsche Telekom in US$95m US bribery settlement

NEW YORK: German phone company Deutsche Telekom AG and a Hungarian unit will pay more than US$95mil to settle US criminal and civil probes into the bribery of government officials in Macedonia and Montenegro.

Business 21 Jan 2012 | 12:00 AM

TM launches Integrity Pact to fight graft

KUALA LUMPUR: Telekom Malaysia Bhd (TM) has launched its Integrity Pact – an agreement between TM and its vendors to abstain both parties from bribery, collusion and other corrupt practices.

Business 09 Feb 2012 | 12:00 AM

The criminal probe of Sheldon Adelson's casino empire

SAN FRANCISCO/MACAU, China (Reuters) - It's never good for the candidate when a big donor runs afoul of the law - as President Barack Obama learned this week: his campaign returned large donations from Chicago's Cardona brothers after it was reported that a third brother is a fugitive from U.S. drug and fraud charges.